The global packaging anti-counterfeiting printing market continues to grow in 2022

The global anti-counterfeiting printing market is striving to be one step ahead of counterfeiters, especially in products such as banknotes and personal identification documents. Therefore, companies, brand owners, and government organizations are actively seeking contactless solutions. These efforts coupled with Covid-19 have triggered unprecedented changes and accelerated the digitization of certain types of secure documents. A Smithers report "The Future of Global Anti-Counterfeiting Printing by 2026" details these trends and other market drivers.

  According to this new global study, the global anti-counterfeiting printing market value in 2021 is estimated to be 29.89 billion U.S. dollars. Since 2016, the market value has grown at an average annual rate of 2.4%, although this figure is slightly distorted by the nearly 4% decline in 2020, at the time because of Covid-19 and the measures taken by world authorities to curb the spread of the virus Caused serious disruption to global trade and economic activities, and stopped a period of sustained growth. Before 2026, the global market is expected to expand further, growing at a compound annual growth rate of 3.2%, and valued at more than 35 billion U.S. dollars.

  As the Covid-19 pandemic spreads globally, the adoption of new contactless technologies is forcing market disruptions that will last until 2026. According to Smithers’ new report, technological transformation involves changing payment methods, increasing use of digital platforms, improving global ID for everyone, biometric technology application identification, greater supply chain traceability, and digital ticketing.

  All areas of anti-counterfeiting printing technology, including DOVID (including holograms), substrates, anti-counterfeiting inks, labels, watermarks, threads, biometrics, RFID and coding systems, and printing processes have experienced market value growth in the past five years This is due to factors such as the growth of counterfeiting and criminal activities and technological advancements that bring new solutions to the market.

  Substrate

  In terms of value, the substrate industry is the largest industry in the market, valued at more than 8.16 billion U.S. dollars in 2021. Since 2016, the industry’s average annual growth rate has been 2.5%, and a large part of this growth is attributed to the emergence of new substrates such as polycarbonate, which have become more popular in banknote printing around the world. However, the industry is still relatively mature, and the average growth rate of the industry is expected to be 2.3% during the period before 2026. During this period, the digitization of many types of security documents will also hinder their growth, and ticketing applications are a notable example.

By 2021, the substrate industry will account for 27.3% of the total market value, and this number is expected to drop slightly to slightly more than 26% by 2026. With the addition of printing technology, the two largest areas will account for nearly half of the total market share in 2021. If RFID and coding systems are included, this number will rise to more than 69%.