Security printing involves printing of items that requires authentication such as banknotes, postage stamps, product authentication, identity cards, stock certificates and passports. Security printing includes holograms, intaglio printing, special paper, watermarks, micro-printing, security threads, anti-copying marks, magnetic inks and serial numbers.
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The industry faces major challenge from digitization and convergence of content. The challenge arises from the technological convergence between modes of communication, which makes print, broadcasting and telecommunication more artificial and arbitrary. The most compelling cause of the convergence is fast spreading digitization of all types of content, the translation of content into computer readable digital code.
Increasing fraudulent activities by anti-social elements is one of the reasons for growing demand of security printing market globally. Counterfeit activities are invading the supply chain network of companies, where goods with altered packaging are introduced for shipment. Fraudulent activities are also on rise in tax stamps, forged documents and bank notes.
Many computer systems rely to some extent on secure printing, packaging, and seals to guarantee important aspects of their protection. Many software products get protection against forgery by using tricks such as holographic stickers, which are supposed to tear when removed from the package.
Asia-Pacific dominated the global security printing market in 2014. Due to increasing awareness towards the surging counterfeit and forgery activities in the developing countries, the demand for security printing is expected to increase during the forecast period. North America holds a small share in the global security printing market.
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Global security printing market has a consolidated structure with few players accounting for majority of market share. Some of the key competitors in the global security printing market include Madras Security Printers, 3M, Giesecke & Devrient, Tungkong Co Ltd, and Thai British Security Printing Public Co. Ltd.
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