Middle East and North Africa Security Printing Market

The Middle East and North Africa (MENA) security printing market was valued US$ 1.60 Bn in 2018 and is expected to reach US$ 2.41 Bn by 2027 with a CAGR growth rate of 4.5% in the forecast period from 2019 to 2027.

From the past decade, the MENA high-security printing has experienced healthy growth, and the growth is driven by better economic performance, rising incomes, and infrastructure modernization across the region. Counterfeiting practices are particularly spread in banknotes, cheques, ticketing, stamps, payment cards, personal ID, brand protection, and passports applications. Security printing solutions help in the prevention of tampering of various applications; also the security has become the fastest developing and most important technology in the printing industry. The industry does not only secure printed documents, such as banknotes, cheques, and others, but also reduces the risk of increased danger and cost of counterfeiting and forgery. Security printing solutions reduces the production of counterfeit currency and security documents across the MENA region. The Saudi Arabia security printing market is expeted to witness an CAGR growth rate of 3.9% from 2019 to 2027.

 

MENA Security Printing Market – By Countries

Middle East and North Africa Security Printing Strategic Insights

Strategic insights for the Middle East and North Africa Security Printing provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Middle East and North Africa Security Printing Report Scope

Middle East and North Africa Security Printing Regional Insights

The geographic scope of the Middle East and North Africa Security Printing refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

MENA Security Printing Market Insights

Increased Awareness Regarding Measures to Safeguard Personal Information

Security printing techniques are highly preferred to be used in documents that carry confidential information regarding an individual. During recent years, the use of materials such as e-passports and national ID cards has increased significantly. E-passports, also known as biometric passports, include a chip that can be used at the automated e-passport gates. The embodied chip holds similar information, which is printed on the passport's data page. E-passports are designed in a manner to increase security, which makes it more challenging to alter the data recorded on a passport and hence limiting the chance of fraud. Thus, driving the growth of the security printing market during the coming years.

 

Rise in the Incidences of Bank Forgeries

Financial fraud is among the most commonly faced issue among financial institutions, including banks present across the globe. The malpractice causes significant losses and depletion of wealth and assets. Financial fraud also hurts the reputation of a concerned institution, its competitiveness, and the economic value. Most of the cases can be due to the adoption of modern technology and advanced communication, such as the wireless mode since they are used by fraudsters to carry their operations and help them to improvise their skills and competences in connection with committing fraud. Thus, growing demand to prevent bank forgeries continue drive the growth of security printing market across the MENA region.

 

MENA Security Printing Market – Printing Process Insights

Process printing a process of making reproductions of a colored picture by utilizing four halftone plates in red, yellow, blue, and usually black for different colored inks. There are different types of printing processes. The primary printing processes are offset lithography, engraving, thermography, reprographics, digital printing, letterpress, screen, flexography, and gravure. Almost every commercial printer uses offset lithography; it is the workhorse of printing. However, the quality of the final product is usually due to the guidance, expertise, and equipment provided by the printer. The MENA Security Printing Market, based on printing process is segmented into screen printing, letterpress printing, intaglio printing, digital printing, and others.

 

MENA Security Printing Market – Application Insights

Security printing market, based on application was segmented into banknotes, cheques, ticketing, stamps, payment cards, personal id, brand protection, and passports. In 2018, the banknotes segment held the largest share of the market, by application. However, stamps segment is expected to grow at the fastest rate during the coming years owing to their growing demand from different industry verticals. Thus, stamps are expected to witness a surge in market demand.

 

MENA Security Printing Market - Strategic Insights

Some of the market initiatives were observed to be most adopted strategy in the MENA security printing market. Few of the recent market initiatives adopted by the market players operating in the security printing market are listed below:

 

2018:

Along with the Iraqi Ministry of Interior, Veridos is building a new identity document factory in the Republic of Iraq.

 

2017:

The Republic of Zambia contracts Veridos to deliver polycarbonate electronic ID cards to Zambia. The new eID card, which is equipped with a contactless chip, fulfils the highest quality standards and offers convenient multi-application options to Zambian citizens.

 

2016:

The Hashemite Kingdom of Jordan has awarded Veridos a contract to produce and deliver its passports for the next few years.

 

MENA SECURITY PRINTING MARKET SEGMENTATION

MENA Security Printing Market –

By Printing Process

• Screen Printing
• Letterpress Printing
• Intaglio Printing
• Digital Printing
• Others

 

MENA Security Printing Market – By Application

• Banknotes
• Cheques
• Ticketing
• Stamps
• Payment Cards
• Personal ID
• Brand Protection
• Passports

 

MENA Security Printing Market – By

Countries

• Saudi Arabia
• Egypt
• UAE
• Bahrain
• Oman
• Kuwait
• Jordan
• Lebanon
• Iraq
• Rest of MENA 

MENA Security Printing Market - Company Profiles

• JMBR Group
• Oumolat Security Printing LLC
• United Security Printing
• Al Ghurair Printing & Publishing LLC (AGPP)
• Al Madina Development & Supply LLC (ADS)
• Alpha Ink & Printing Materials Trading Co. L.L.C
• Andrupos
• Emirates German Security Printing L.L.C.
• HP Development Company, L.P.
• Hypertech Holograms L.L.C,