| Study Period | 2019 - 2030 |
| Market Size (2025) | USD 32.80 Billion |
| Market Size (2030) | USD 37.49 Billion |
| CAGR (2025 - 2030) | 2.71 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Security Printing Market Analysis
The Security Printing Market size is estimated at USD 32.80 billion in 2025, and is expected to reach USD 37.49 billion by 2030, at a CAGR of 2.71% during the forecast period (2025-2030).
- The demand for security printing continues to increase due to rising concerns about counterfeiting and fraud across various industries. Key sectors, such as currency printing, depend on advanced security features like watermarks, holograms, and color-shifting inks to ensure banknote authenticity. Governments utilize security printing to protect essential documents, including passports, driver's licenses, and national IDs, from duplication and tampering. These printed materials remain fundamental to maintaining national security and public trust.
- Security printing serves businesses dealing with high-value goods and services. Event tickets, vouchers, and product packaging in industries like pharmaceuticals and luxury goods incorporate specialized security features to prevent fraud. This adoption has increased as counterfeiters become more sophisticated. Features such as UV inks, micro printing, and holographic elements are now common in product packaging to protect brand integrity.
- The banking sector significantly contributes to security printing demand. Printed materials like cheques, credit cards, and debit cards incorporate security measures to prevent unauthorized reproduction and financial fraud. These materials include embedded security elements such as magnetic strips, microchips, and special inks to protect sensitive financial data. Despite digital banking growth, security printing remains essential for preventing physical fraud in the financial sector.
- The security printing industry is incorporating innovations, including RFID tags and digital watermarking. These technologies enhance the tracking and authentication of printed materials, providing comprehensive fraud prevention. The industry is also exploring eco-friendly printing methods and materials that maintain robust security features. These developments in security printing reflect the increasing need for protection against both traditional and emerging fraud forms.
- Security printing technology continues to advance with new developments aimed at preventing counterfeiting and enhancing document and product security. Companies are integrating digital solutions like RFID, QR codes, and biometric authentication to strengthen product tracking and verification processes. The adoption of blockchain technology and smart labels provides additional authentication methods and supply chain protection. These technological improvements make document and product replication increasingly difficult for counterfeiters.
- In November 2024, Covestro introduced CERTEVO, a polymeric printing substrate designed for security printing applications. This material is specifically developed for high-security documents, certificates, and products requiring advanced anti-counterfeiting measures. CERTEVO combines enhanced document security features with sustainable printing technology.
- The global shift toward a cashless economy and increasing digitization is constraining the security printing market growth. The widespread adoption of digital payments, mobile wallets, and electronic identification systems is reducing the demand for physical currency and paper-based documents. The implementation of secure digital solutions, including encryption and biometric verification systems, is replacing traditional printed security materials. This transition is decreasing the demand for banknotes, cheques, and other printed security documents. Despite this overall trend, specific segments such as government identification documents and anti-counterfeit packaging continue to maintain their reliance on security printing technologies.
Security Printing Market Trends
Banknotes Segment Holds Major Market Share
- The demand for security printing in banknotes has increased due to the growing threat of counterfeiting. With technological advancements, counterfeiters can produce more convincing fake currencies, compelling central banks to implement sophisticated security features, including holograms, watermarks, and color-shifting inks. These security elements reduce the likelihood of successful counterfeiting and maintain public confidence in the currency.
- The evolution of printing technology has enhanced security capabilities in banknote production. Advanced features such as micro printing, ultraviolet inks, and optically variable devices require specialized printing processes. These developments make banknotes more difficult to counterfeit while enabling easier public verification. Central banks continuously update their security features to counter evolving counterfeiting methods and protect currency integrity.
- Environmental sustainability and durability have become important factors in banknote production. The adoption of polymer-based banknotes offers improved durability, environmental benefits, and resistance to wear, further increasing the demand for advanced security printing. As physical currency remains essential alongside digital payments, governments and central banks prioritize the production of secure, durable banknotes.
- For instance, in March 2025, The UAE Central Bank (CBUAE) launched a new Dh100 polymer banknote ahead of the Eid Al Fitr break. The banknote incorporates advanced security features and innovative designs.
- The value of banknotes in circulation in India increased from INR 31,057.21 billion (USD 362.83 billion) in FY 2022 to INR 34,778.05 billion (USD 406.30 billion) in FY 2024. This growth necessitates enhanced security printing techniques to prevent counterfeiting and maintain the integrity of the currency. The expansion of banknotes in circulation requires a continued focus on security, durability, and reliability to support daily transactions and economic stability.
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Asia-Pacific to Account for Significant Market Share
- The demand for security printing in Asia stems from the increasing need to combat counterfeiting and protect vital documents across various sectors. As China, India, and Southeast Asian economies grow, the risks of counterfeit goods, fake documents, and fraudulent financial transactions increase. Governments and industries are investing in advanced security printing technologies to protect currencies, identity cards, tax documents, and passports. This adoption of secure printing solutions reflects heightened security concerns in both the public and private sectors. Governments have recognized the necessity to modernize their infrastructure to ensure document authenticity and reduce fraud.
- Economic expansion across Asia intensifies the demand for security printing. India and China's economic growth necessitates secure financial transactions and protected official documents. Banking, pharmaceuticals, and packaging sectors are particularly vulnerable to counterfeit products. The Reserve Bank of India's 2022-23 report indicated an 8.4% increase in fake INR 20 (USD 0.23) notes and a 14.4% rise in fake INR 500 (USD 5.84) notes, demonstrating the growing counterfeiting challenge and the need for advanced security printing measures.
- The Reserve Bank of India reported that 4.6% of detected Fake Indian Currency Notes were found at the Reserve Bank, while 95.4% were identified at other banks. The increase in counterfeit INR 500 (USD 5.84) notes undermines public trust in the currency system. In January 2024, authorities in Sichuan, China, arrested individuals for circulating over 500,000 yuan in fake notes between 2018 and 2023. These incidents demonstrate the persistent threat of counterfeiting and the necessity for robust security measures.
- Security printing technologies have evolved to include holograms, UV inks, micro-texts, and RFID technology to counter sophisticated counterfeiters. These innovations enhance the security of banknotes, passports, and identification cards. Japan and South Korea are adopting these advanced features to prevent counterfeit activities and maintain document integrity in the digital age.
- Governments across Asia are implementing secure identification systems and enhancing documentation infrastructure. India and Indonesia are investing in solutions for secure ID cards, health certifications, tax documents, and official papers. India's Aadhaar project has increased demand for secure printing solutions, while Indonesia's secure tax documents aim to prevent tax evasion and ensure financial transparency.
- The security printing market in Asia reflects the growing need for document protection and counterfeiting prevention in an expanding economic region. The rise in counterfeit currency and fraudulent documents has emphasized the need for secure printing technologies. Government and industry investments in advanced security features continue to drive market growth. The sector's expansion is supported by developing security technologies and focused government initiatives.
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Security Printing Industry Overview
The Security Printing Market is fragmented, with the presence of major players like KOENIG & BAUER, A1 Security Print, Orion Security Print, Heidelberger Druckmaschinen AG, and more. Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.
Security Printing Market Leaders
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KOENIG & BAUER
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A1 Security Print
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Orion Security Print
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Heidelberger Druckmaschinen AG
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AUSTRIACARD A.G. Group
- *Disclaimer: Major Players sorted in no particular order
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Security Printing Market News
- June 2024: Hitech, a company in India's security printing market, acquired a second 9-color pre-owned Rotatek RK 250 plus press. This acquisition increased Hitech's production capacity and improved its quality and operational efficiency. The company prints secure documents such as question papers, answer sheets, OMR forms, university degrees, certificates, cheques, and other confidential materials.
- May 2024: Toppan Gravity Ethiopia (TGE), a joint venture between the Ethiopian government and Japanese conglomerate Toppan Gravity, began constructing a security printing facility in Bole Lemi Industrial Park. The USD 55 million facility, with a planned completion time of one year, will produce 5.6 million biometric passports, 28 million banking cards, and physical prints of digital ID cards annually. According to Kalkidan Arega, CEO of Toppan Gravity Ethiopia, Ethiopian Investment Holdings identified market potential in security printing, leading to this investment.
Security Printing Industry Segmentation
Security printing encompasses the production of tamper-proof and counterfeit-resistant printed materials, including currency, identification cards, passports, certificates, and official documents. The industry incorporates advanced security features such as holograms, UV inks, microprinting, RFID tags, and watermarks to prevent forgery, duplication, and alteration. The market provides solutions for governments, banks, healthcare institutions, and packaging companies in response to increasing global requirements for secure and authenticated documentation.
The security printing market is segmented by application type (banknotes, payment cards, cheques, personal ID, ticketing, stamps, and other application type) and by geography (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa). The market sizes and forecasts are provided in value (USD) for all the above segments.
| By Application Type | Banknotes |
| Payment Cards | |
| Cheques | |
| Personal ID | |
| Ticketing | |
| Stamps | |
| Other Application Type | |
| By Geography*** | North America |
| Europe | |
| Asia | |
| Australia and New Zealand | |
| Latin America | |
| Middle East and Africa |
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Security Printing Market Research Faqs
How big is the Security Printing Market?
The Security Printing Market size is expected to reach USD 32.80 billion in 2025 and grow at a CAGR of 2.71% to reach USD 37.49 billion by 2030.
What is the current Security Printing Market size?
In 2025, the Security Printing Market size is expected to reach USD 32.80 billion.
Who are the key players in Security Printing Market?
KOENIG & BAUER, A1 Security Print, Orion Security Print, Heidelberger Druckmaschinen AG and AUSTRIACARD A.G. Group are the major companies operating in the Security Printing Market.
Which is the fastest growing region in Security Printing Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Security Printing Market?
In 2025, the Asia Pacific accounts for the largest market share in Security Printing Market.
What years does this Security Printing Market cover, and what was the market size in 2024?
In 2024, the Security Printing Market size was estimated at USD 31.91 billion. The report covers the Security Printing Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Security Printing Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Security Printing Industry Report
Statistics for the 2025 Security Printing market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Security Printing analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
