Security Inks Market to Witness Robust Growth as Counterfeiting Activities Surge| MarketsandMarkets™

Posted by Jack Martin on April 12th, 2023

Security inks are specialized inks used to prevent counterfeiting or forgery by printing and marking documents, coins, and other precious goods. These inks are made with specific materials that give them special features, such as pigments, dyes, resins, and other additions. Security inks are available in a variety of colors and are used to print features such as serial numbers, hidden images, and other markers that require specialized equipment to see.

The global security ink market is predicted to expand steadily due to increased need for authentication and anti-counterfeiting solutions across various industries. Growing acceptance of digital currencies, rising security concerns, and increased investments in research and development of security inks are some of the primary factors driving market growth.

The key players following the strategies between 2019 to 2022 are SICPA Holding SA (Switzerland), DIC Corporation (Sun Chemical) (Japan), Kao Collins Corporation (US), Chromatic Technologies Inc. (US), and Ink Tec Inc. (US). The companies are majorly following acquisition as the strategy to grow and expand the market.

SICPA Holding SA, Prilly, Switzerland, is the leading global supplier of security inks and solutions for the majority of the world's banknotes, as well as a variety of other documents such as passports, transportation tickets, and plastic cards. The firm is divided into three divisions. Security solutions are provided by the SICPA Security Inks Division for banknotes, official ID papers such as ID cards, passports, and birth certificates, postal stamps, tax banderoles, product marks, and security labels. The Government Security Solutions Division of SICPA protects tax revenues for cigarettes, alcoholic beverages, medicines, and other heavily counterfeited items. SICPA has more than 33 offices worldwide. In September 2022, UbiQD, Inc. and SICPA have expanded their collaboration to create anti-counterfeit security inks based on UbiQD's quantum dot technology.