Middle East and North Africa Security Printing Market to Reach US$ 2.41 Bn at a CAGR of 4.5% in 2027 | The Insight Partners

Middle East and North Africa Security Printing Market to 2027 - Regional Analysis and Forecasts by Printing Process (Screen Printing, Letterpress Printing, Intaglio Printing, Digital Printing, and Others), Application (Banknotes, Cheques, Ticketing, Stamps, Payment Cards, Personal ID, Brand Protection, and Passports)

Publication Month: Nov 2019 | Report Code: TIPRE00007524 | No. of Pages: 145 | Category: Electronics and Semiconductor | Status: Published

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.

 

Exhibit: MENA Security Printing Market – By Countries

MENA Security Printing Market – By Countries

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,

1.              Introduction

1.1       The Insight Partners Research Report Guidance

1.2       Market Segmentation

2.              Key Takeaways

3.              Research Methodology

3.1       Scope of the Study

3.2       Research Methodology

3.2.1       Data Collection:

3.2.2       Primary Interviews:

3.2.3       Macro-Economic Factor Analysis:

3.2.4       Data Triangulation:

3.2.5       Country-level data:

3.2.6       Key Assumption

4.              Middle East and North Africa Security Printing Market Landscape

4.1       Market Overview

4.2       Middle East and Africa PEST Analysis

4.3       Ecosystem Analysis

4.4       Expert Opinion

5.              Middle East and North Africa Security Printing Market – Key Industry Dynamics

5.1       Key Market Drivers

5.1.1       Increased Awareness Regarding Measures to Safeguard Personal Information

5.1.2       Rise in the Incidences of Bank Forgeries

5.2       Key Market Restraint

5.2.1       Increased Use of Digital Means

5.3       Key Market Opportunity

5.3.1       Growth of the Banking Sector in MENA

5.4       Future Trend

5.4.1       Introduction of Innovative Components in Security Printing

5.5       Impact Analysis of Drivers and Restraints

6.              Middle East and North Africa Security Printing Market – Market Analysis

6.1       MENA Security Printing Market Overview

6.2       MENA Security Printing Market Forecast and Analysis

6.3       Market Positioning- Top Five Players

6.4       Company Mapping by Product

6.5       Company Mapping by Country

7.              Middle East and North Africa Security Printing Market Analysis – By Printing Process

7.1       Overview

7.2       Middle East and North Africa Security Printing Market Breakdown, By Printing Process, 2018 & 2027

7.3       Screen Printing

7.3.1       Overview

7.3.2       Middle East and North Africa Screen Printing Market Revenue and Forecasts to 2027 (US$ Mn)

7.4       Letterpress Printing

7.4.1       Overview

7.4.2       Middle East and North Africa Letterpress Printing Market Revenue and Forecasts to 2027 (US$ Mn)

7.5       Intaglio Printing

7.5.1       Overview

7.5.2       Middle East and North Africa Intaglio Printing Market Revenue and Forecasts to 2027 (US$ Mn)

7.6       Digital Printing

7.6.1       Overview

7.6.2       Middle East and North Africa Digital Market Revenue and Forecasts to 2027 (US$ Mn)

7.7       Others

7.7.1       Overview

7.7.2       Middle East and North Africa Others Market Revenue and Forecasts to 2027 (US$ Mn)

8.              Middle East and North Africa Security Printing Market Analysis – By Application

8.1       Overview

8.2       Middle East and North Africa Security Printing Market Breakdown, By Application, 2018 & 2027

8.3       Banknotes

8.3.1       Overview

8.3.2       Middle East and North Africa Banknotes Market Revenue and Forecasts to 2027 (US$ Mn)

8.4       Cheques

8.4.1       Overview

8.4.2       Middle East and North Africa Cheques Market Revenue and Forecasts to 2027 (US$ Mn)

8.5       Stamps

8.5.1       Overview

8.5.2       Middle East and North Africa Stamps Market Revenue and Forecasts to 2027 (US$ Mn)

8.6       Payment Cards

8.6.1       Overview

8.6.2       Middle East and North Africa Payment Cards Market Revenue and Forecasts to 2027 (US$ Mn)

8.7       Personal ID

8.7.1       Overview

8.7.2       Middle East and North Africa Personal ID Market Revenue and Forecasts to 2027 (US$ Mn)

8.8       Brand Protection

8.8.1       Overview

8.8.2       Middle East and North Africa Brand Protection Market Revenue and Forecasts to 2027 (US$ Mn)

9.              Middle East and North Africa Security Printing Market – Country Analysis

9.1       Middle East and North Africa Security Printing Market Breakdown, By Country

9.1.1       Saudi Arabia Security Printing Market Revenue and Forecast to 2027 (US$ Mn)

9.1.1.1    Saudi Arabia Security Printing Market Breakdown, By Printing Process

9.1.1.2    Saudi Arabia Security Printing Market Breakdown, By Application

9.1.2       Egypt Security Printing Market Revenue and Forecast to 2027 (US$ Mn)

9.1.2.1    Egypt Security Printing Market Breakdown, By Printing Process

9.1.2.2    Egypt Security Printing Market Breakdown, By Application

9.1.3       UAE Security Printing Market Revenue and Forecast to 2027 (US$ Mn)

9.1.3.1    UAE Security Printing Market Breakdown, By Printing Process

9.1.3.2    UAE Security Printing Market Breakdown, By Application

9.1.4       Bahrain Security Printing Market Revenue and Forecast to 2027 (US$ Mn)

9.1.4.1    Bahrain Security Printing Market Breakdown, By Printing Process

9.1.4.2    Bahrain Security Printing Market Breakdown, By Application

9.1.5       Oman Security Printing Market Revenue and Forecast to 2027 (US$ Mn)

9.1.5.1    Oman Security Printing Market Breakdown, By Printing Process

9.1.5.2    Oman Security Printing Market Breakdown, By Application

9.1.6       Kuwait Security Printing Market Revenue and Forecast to 2027 (US$ Mn)

9.1.6.1    Kuwait Security Printing Market Breakdown, By Printing Process

9.1.6.2    Kuwait Security Printing Market Breakdown, By Application

9.1.7       Jordan Security Printing Market Revenue and Forecast to 2027 (US$ Mn)

9.1.7.1    Jordan Security Printing Market Breakdown, By Printing Process

9.1.7.2    Jordan Security Printing Market Breakdown, By Application

9.1.8       Lebanon Security Printing Market Revenue and Forecast to 2027 (US$ Mn)

9.1.8.1    Lebanon Security Printing Market Breakdown, By Printing Process

9.1.8.2    Lebanon Security Printing Market Breakdown, By Application

9.1.9       Iraq Security Printing Market Revenue and Forecast to 2027 (US$ Mn)

9.1.9.1    Iraq Security Printing Market Breakdown, By Printing Process

9.1.9.2    Iraq Security Printing Market Breakdown, By Application

9.1.10    Rest of Middle East and North Africa Security Printing Market Revenue and Forecast to 2027 (US$ Mn)

9.1.10.1  Rest of Middle East and North Africa Security Printing Market Breakdown, By Printing Process

9.1.10.2  Rest of Middle East and North Africa Security Printing Market Breakdown, By Application

10.           Security Printing Market–Key Company Profiles

10.1    JMBR Group

10.1.1    Key Facts

10.1.2    Business Description

10.1.3    Products and Services

10.1.4    Financial Overview

10.1.5    SWOT Analysis

10.1.6    Key Developments

10.2    Oumolat Security Printing

10.2.1    Key Facts

10.2.2    Business Description

10.2.3    Products and Services

10.2.4    Financial Overview

10.2.5    SWOT Analysis

10.2.6    Key Developments

10.3    United Security Printing (USP)

10.3.1    Key Facts

10.3.2    Business Description

10.3.3    Products and Services

10.3.4    Financial Overview

10.3.5    SWOT Analysis

10.3.6    Key Developments

10.4    AL Ghurair Printing & Publishing L.L.C

10.4.1    Key Facts

10.4.2    Business Description

10.4.3    Products and Services

10.4.4    Financial Overview

10.4.5    SWOT Analysis

10.4.6    Key Developments

10.5    AL Madina Development and Supply LLC (ADS)

10.5.1    Key Facts

10.5.2    Business Description

10.5.3    Products and Services

10.5.4    Financial Overview

10.5.5    SWOT Analysis

10.5.6    Key Developments

10.6    Alpha Ink & Printing Materials Trading CO. L.L.C

10.6.1    Key Facts

10.6.2    Business Description

10.6.3    Products and Services

10.6.4    Financial Overview

10.6.5    SWOT Analysis

10.6.6    Key Developments

10.7    Andrupos

10.7.1    Key Facts

10.7.2    Business Description

10.7.3    Products and Services

10.7.4    Financial Overview

10.7.5    SWOT Analysis

10.7.6    Key Developments

10.8    Emirates German Security Printing L.L.C.

10.8.1    Key Facts

10.8.2    Business Description

10.8.3    Products and Services

10.8.4    Financial Overview

10.8.5    SWOT Analysis

10.8.6    Key Developments

10.9    HP Development Company, L.P.

10.9.1    Key Facts

10.9.2    Business Description

10.9.3    Products and Services

10.9.4    Financial Overview

10.9.5    SWOT Analysis

10.9.6    Key Developments

10.10  Hypertech Holograms L.L.C

10.10.1 Key Facts

10.10.2 Business Description

10.10.3 Products and Services

10.10.4 Financial Overview

10.10.5 SWOT Analysis

10.10.6 Key Developments

11.           Appendix

11.1    About The Insight Partners

11.2    Glossary of Terms

 

LIST OF TABLES

Table 1.            MENA Security Printing Market Revenue and Forecasts to 2027 (US$ Bn)

Table 2.            Saudi Arabia Security Printing Market Revenue and Forecast to 2027 – By Printing Process (US$ Mn)

Table 3.            Saudi Arabia Security Printing Market Revenue and Forecast to 2027 – By Application (US$ Mn)

Table 4.            Egypt Security Printing Market Revenue and Forecast to 2027 – By Printing Process (US$ Mn)

Table 5.            Egypt Security Printing Market Revenue and Forecast to 2027 – By Application (US$ Mn)

Table 6.            UAE Security Printing Market Revenue and Forecast to 2027 – By Printing Process (US$ Mn)

Table 7.            UAE Security Printing Market Revenue and Forecast to 2027 – By Application (US$ Mn)

Table 8.            Bahrain Security Printing Market Revenue and Forecast to 2027 – By Printing Process (US$ Mn)

Table 9.            Bahrain Security Printing Market Revenue and Forecast to 2027 – By Application (US$ Mn)

Table 10.         Oman Security Printing Market Revenue and Forecast to 2027 – By Printing Process (US$ Mn)

Table 11.         Oman Security Printing Market Revenue and Forecast to 2027 – By Application (US$ Mn)

Table 12.         Kuwait Security Printing Market Revenue and Forecast to 2027 – By Printing Process (US$ Mn)

Table 13.         Kuwait Security Printing Market Revenue and Forecast to 2027 – By Application (US$ Mn)

Table 14.         Jordan Security Printing Market Revenue and Forecast to 2027 – By Printing Process (US$ Mn)

Table 15.         Jordan Security Printing Market Revenue and Forecast to 2027 – By Application (US$ Mn)

Table 16.         Lebanon Security Printing Market Revenue and Forecast to 2027 – By Printing Process (US$ Mn)

Table 17.         Lebanon Security Printing Market Revenue and Forecast to 2027 – By Application (US$ Mn)

Table 18.         Iraq Security Printing Market Revenue and Forecast to 2027 – By Printing Process (US$ Mn)

Table 19.         Iraq Security Printing Market Revenue and Forecast to 2027 – By Application (US$ Mn)

Table 20.         Rest of Middle East and North Africa Security Printing Market Revenue and Forecast to 2027 – By Printing Process (US$ Mn)

Table 21.         Rest of Middle East and North Africa Security Printing Market Revenue and Forecast to 2027 – By Application (US$ Mn)

Table 22.         Glossary of Term: Security printing Market


LIST OF FIGURES

Figure 1.          Security Printing Market Segmentation

Figure 2.          MENA Security Printing Market Overview

Figure 3.          MENA Security Printing Market, by Printing Process

Figure 4.          MENA Security Printing Market, by Application

Figure 5.          MENA Security Printing Market Industry Landscape

Figure 6.          Security Printing Market Ecosystem Analysis

Figure 7.          Middle East and North Africa Security Printing Market Impact Analysis of Drivers and Restraints

Figure 8.          MENA Security Printing Market Forecast and Analysis, (US$ Mn)

Figure 9.          Middle East and North Africa Security Printing Market Breakdown, By Printing Process, 2018 & 2027 (%)

Figure 10.       Middle East and North Africa Screen Printing Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 11.       Middle East and North Africa Letterpress Printing Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 12.       Middle East and North Africa Intaglio Printing Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 13.       Middle East and North Africa Digital Printing Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 14.       Middle East and North Africa Others Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 15.       Middle East and North Africa Security Printing Market Breakdown, By Application, 2018 & 2027 (%)

Figure 16.       Middle East and North Africa Banknotes Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 17.       Middle East and North Africa Cheques Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 18.       Middle East and North Africa Stamps Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 19.       Middle East and North Africa Payment Cards Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 20.       Middle East and North Africa Personal ID Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 21.       Middle East and North Africa Brand Protection Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 22.       Middle East and North Africa Security Printing Market Breakdown, By Country, 2018 & 2027(%)

Figure 23.       Saudi Arabia Security Printing Market Revenue and Forecast to 2027 (US$ Mn)

Figure 24.       Egypt Security Printing Market Revenue and Forecast to 2027 (US$ Mn)

Figure 25.       UAE Security Printing Market Revenue and Forecast to 2027 (US$ Mn)

Figure 26.       Bahrain Security Printing Market Revenue and Forecast to 2027 (US$ Mn)

Figure 27.       Oman Security Printing Market Revenue and Forecast to 2027 (US$ Mn)

Figure 28.       Kuwait Security Printing Market Revenue and Forecast to 2027 (US$ Mn)

Figure 29.       Jordan Security Printing Market Revenue and Forecast to 2027 (US$ Mn)

Figure 30.       Lebanon Security Printing Market Revenue and Forecast to 2027 (US$ Mn)

Figure 31.       Iraq Security Printing Market Revenue and Forecast to 2027 (US$ Mn)

Figure 32.       Rest of Middle East and North Africa Security Printing Market Revenue and Forecast to 2027 (US$ Mn)

The List of Companies

 

  1. JMBR Group
  2. Oumolat Security Printing LLC
  3. United Security Printing
  4. Al Ghurair Printing & Publishing LLC
  5. Al Madina Development & Supply LLC
  6. Alpha Ink & Printing Materials Trading Co. L.L.C
  7. Andrupos
  8. Emirates German Security Printing L.L.C.
  9. HP Development Company, L.P
  10. Hypertech Holograms L.L.C
  • Highlights key business priorities in order to assist companies to realign their business strategies.

  • The key findings and recommendations highlight crucial progressive industry trends in the market, thereby allowing players to develop effective long term strategies.

  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.

  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.