LONDON--(BUSINESS WIRE)--The global security printing market size is poised to grow by USD 8.45 billion during 2019-2023, according to a new report by Technavio, progressing at a CAGR of over 5% during the forecast period.
Read the 151-page research report with TOC on "Security Printing Market Analysis Report by end-user (banking and financial sector, government sector, and others) and geography (North America, Europe, APAC, South America, and MEA) 2019 - 2023" at
The market is driven by the growth in international tourism. Also, the rise in financial inclusion is anticipated to further boost the growth of the security printing market.
In recent years, there has been a significant increase in the number of air travelers worldwide, owing to the growth of budget airlines. Air connectivity continues to improve in many destinations, facilitating the diversification of source markets. The growth of tourism has led to a rise in the demand for passports and visas to avoid identity-related frauds. Other documents such as birth certificate, and marriage certificate, among others are also mandatory to be presented by passengers during the immigration process. This will increase the demand for security printing, which will subsequently drive the security printing market growth during the forecast period.
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Major Five Security Printing Companies:
ANY Security Printing Co. Plc
ANY Security Printing Co. Plc has business operations under various segments, namely security products and solutions, card production and personalization, form production and personalization, data processing, traditional printing products, and others. The company produces excise and tax stamps, and election forms.
De La Rue Plc
De La Rue Plc owns and operates businesses under three segments, which are currency, identity solutions, and product authentication and traceability. The company specializes in providing identity management solutions, issuing more than 22 million secure identity documents each year for more than 25 governments, including the UK, Malta, Sierra Leone, Senegal, and Trinidad and Tobago.
DREWSEN SPEZIALPAPIERE GmbH & Co. KG
DREWSEN SPEZIALPAPIERE GmbH & Co. KG operates with three product lines such as PROSECURA, PROTECH, and PROFINO. The company's PROFINO line features a diverse range of products for the envelope, print, and publishing sectors. The company specializes in the production of documents & certificates, and passport & visa. These documents are produced in accordance with customers’ specifications and can be equipped with individual security elements.
Fábrica Nacional de Moneda y Timbre-Real Casa de la Moneda
Fábrica Nacional de Moneda y Timbre-Real Casa de la Moneda manufactures documents that are fundamental in the life of an individual, those that vouch for his identity and recognize his qualifications and rights. The company produces security paper, graphic products, medals, banknotes, identification documents, electronic cards, and national identity documents.
Giesecke+Devrient Currency Technology GmbH
Giesecke+Devrient Currency Technology GmbH is a market leader in cash solutions and has printed around 135 billion banknotes for different countries across the world. The company also offers solutions for identity management and verification. The company prints banknotes using high-tech printing processes and quality inspection systems, such as the BPS X9 banknote processing system.
Technavio has segmented the security printing market based on the end-users and region.
Security Printing End-user Outlook (Revenue, USD Million, 2019 - 2023)
- Banking and financial sector
- Government sector
Security printing Regional Outlook (Revenue, USD Million, 2019 - 2023)
- North America
- South America
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Related Reports on Industrials are:
Flexographic Printing Machine Market - Global Flexographic Printing Machine Market by application (flexible packaging, print media, and other applications) and geography (MEA, APAC, Europe, North America, and South America).
Banknote Market - Global Banknote Market by printers (state-owned and commercial) and geography (APAC, Europe, North America, MEA, and South America).
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