Security Ink Market: Overview
Security printing is a section of the printing industry wherein items such as checks, certificates, stamp papers, bank notes, passports, identity cards, and labels are printed. Security ink plays a major role in the security printing industry. Security ink is also known as anti-counterfeit printing ink. It is manufactured through a series of special processes.
Forms of security inks that are used on a large scale include thermo-chromic ink, invisible ink, magnetic ink, optically variable ink, reactive ink, biometric ink, water based ink, and secondary fluorescing ink. These forms are majorly classified into two sub-classes: instant verification inks and tamper evident inks.
The selection of security inks depends primarily on the purpose it is used for. Usage of a suitable type of security ink helps one understand if any attempt to alter the document was made or not. Security inks are generally used in conjunction with other security features so that any changes can be easily identified.
Security inks usually comprise fluorescent pigments, which tend to change their color once the angle is changed. A government or legal document has a peculiar color scheme; based on the change in color, one can identify whether the document has been tempered or not.
Security Ink Market: Trends
Security inks are used extensively to protect and authenticate important documents. These forms of inks are primarily employed in government documents in order to keep a check on their authenticity. Of late, security inks have been employed in the printing of lottery tickets, gift vouchers, and event tickets. Initially, these did not require much security.
Security inks are compatible with letterpress, offset, intaglio, flexographic, numbering, and silk screen printing methods. Researchers are striving to develop security inks that are invisible in ambient and UV light, but can be read with the help of a fluorescence microplate reader.
The technique for development of security inks is mostly patented. Of late, the practice of counterfeit and forgery has been increasing. It has become difficult to identify these malpractices. Therefore, companies are striving to manufacture an improved version of security inks.
The outlook for the security ink market appears positive, considering the increase in usage of these inks and wide range of applications. The global security ink market is expected to expand at a rapid pace during the forecast period owing to the rise in the concerns regarding the authenticity of legal documents.
Security Ink Market: Region-wise Outlook
The security ink market is considered highly developed in North America, especially in the U.S., due to the presence of various production units for security inks and high utilization rate of these inks. The security market in Europe has been expanding significantly since the last few years. This trend is projected to continue during the forecast period.
The security ink market in Asia Pacific is expected to expand at a moderate pace due to the implementation of regulations by various countries in the region. The security ink market in Latin America and Middle East & Africa has been witnessing a sluggish growth, however it is expected to witness rapid growth in the future as major manufacturing companies have been focusing towards shifting their operations in these two regions.
Security Ink Market: Key Players
Key players operating in the security ink market include Sun Chemical, Gleitsmann Security Inks, Letong Ink, Kao Collins Inc., Ink Tec Inc., Villager Security Solutions AG, Luminescence, and Hologramas de Mexico.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.