Security ink is one of the most vital parts of anti-counterfeit technology, also called Anti-counterfeit printing ink. It is special printing inks after a series of special processing. It is commonly produced by a sequence of specific methods. It consists of fluorescent pigments which generally vary in their color as soon as the angle is changed. It is generally used in official identity documents, banknote, postage stamps, security labels, tax banderoles, and product markings. It has various functions. Some security inks show special colors, be invisible or not under definite conditions for instance ultraviolet ray irradiation, sunlight irradiation, infrared irradiation, specific temperature and humidity.
According to study, “World Security Ink Market Research Report 2024(covering USA, EU, China, South East Asia, Japan and etc)” the key companies operating in the world security ink market are SICPA Holdings S.A, Chromatic Technologies, Inc. (CTI), Sun Chemical Corp., Gleitsmann Security Inks GmbH, The Cronite Company, Kao Collins Inc., Gans, Ink Tec Inc., Hologramas de Mexico, YELE Group, Canon India Pvt. Ltd, DuPont, Microtrace LLC, Villiger Security Solutions AG, Shojudo Co., Ltd., Eastman Kodak Company, PolyOne, Ashton Potter, VeriTrack, Luminescence Inc. Key companies are adopting aggressive marketing schemes and strategy of mergers & acquisitions in order to increase their market share. Companies are also investing significantly in research & development (R&D) of technologies in order to lower the risk of counterfeiting.
Based on type, security ink market is segmented into instant verification inks, tamper evident inks, and others. Based on product type, market is segmented into UV fluorescent inks, optically variable inks, thermo chromatic inks, infrared fluorescent inks and humidity sensitive inks. Based on forms type, market is segmented into thermo-chromic ink, magnetic ink, invisible ink, optically variable ink, reactive ink, water based ink, biometric ink, and secondary fluorescing ink. These forms are classified into two sub-classes: tamper evident inks and instant verification inks. Based on techniques, market is segmented into barcode, biometric identifier, photo integration, embossing stamp, fluorescent serial number, reversed out text, iFADO (intranet False and Authentic Documents Online), gravure printing and ink stamp. Based on application, market is segmented into banknotes, tax banderoles, official identity documents, security labels and others. In addition, based on end-user, market is segmented into government department, retail security, educational certificates, wine & spirit authentication, electronics brand protection, and others. Government department and Educational certificates segments are estimated to expand during the forecast period owing to the increase in imitation activities in degree certificates.
The security ink market is driven by increase in instances of forgery & counterfeiting practices, followed by growth in requirement of brand protection, rise in growth of banking & financial sector, change in consumer behavior, increase in corporate fraudulent activities and rise in awareness pertaining to document security. However, rise in digitization may impact the market. Moreover, increase in development of new products with high-security features is a key opportunity for market.
Based on geography, USA country holds major share, followed by EU in security ink market owing to high utilization rate of inks and presence of various production units for security inks in the country. China country is expected to witness higher growth rate due to implementation of regulations over the forecast period.
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Ankur Gupta, Head Marketing & Communications