According to the latest estimate by Future Market Insights (FMI), the security holograms market is expected to reach a value of US$5,233.2 million in 2023. The sales of security holograms are projected to exceed $8,633.6 million by 2033, exhibiting a compound annual growth rate (CAGR) of 5.1% during the forecast period.
The primary driver behind the increasing sales of security holograms is the growing demand for anti-counterfeiting technologies. Counterfeiting poses a significant threat to various industries, particularly in the cosmetics and hair care sectors, where counterfeit goods can harm brand reputation and customer trust. To protect their products and combat counterfeiting, industries are increasingly adopting security holograms.
Furthermore, the education industry is contributing to the growth of the security hologram market. The University Grants Commission (UGC) in India has mandated the implementation of security measures, such as security holograms and QR codes, on degree certificates to ensure proper verification and prevent duplication. This standardized requirement is expected to drive the demand for security holograms and enable students to establish a unique personal identity that can be recognized across different universities.
For More Insights on this Market, Get A Sample Report https://www.futuremarketinsights.com/reports/sample/rep-gb-7875
Overall, the security holograms market is experiencing growth due to the increasing need for anti-counterfeiting solutions and the adoption of security measures in the education sector. These factors are expected to propel the market’s expansion in the coming years.
Key Takeaways from the Security Holograms Market:
- The United States is predicted to be the leading region in the worldwide security holograms sector, with a share of 23.9% in 2022. According to the analysis, the US market was valued at US$ 1,210.9 million in 2022.
- Germany has 5.5% of the European security holograms market. Germany is expected to account for around one-fifth of European sales and to provide an incremental potential of US$ 277.7 million throughout the forecast period.
- From 2023 to 2033, China’s security holograms business is predicted to grow at a CAGR of 7.27%. The security holograms industry in China is expected to be valued at $1,037.6 million in 2023.
- In South Asia, the security holograms industry in India is expected to be worth US$ 622.8 million in 2023, growing at an 8.07% CAGR over the forecast period.
- The market is led by the 2D/3D sector, followed by the electron-beam segment, in terms of product type. The targeted categories are expected to account for 32.1% of the market in 2023.
- In terms of end-user, the document, passport, and packaging sectors are expected to account for more than 45.5% of the market during the projected period.
- During the projected period, the polypropylene (PP) sector is expected to have a large share of roughly 45.5% in the security holograms industry.
Get 20% Discount @ https://www.futuremarketinsights.com/request-discount/rep-gb-7875
Who is Winning?
The security holograms market is highly competitive, with a large number of manufacturers and companies operating in the industry. FMI has projected the top 7 providers to hold 25% of the global security holograms industry in 2022. These leading players are focusing on expanding their product portfolio and strengthening their distribution networks to increase their market share.
One of the key strategies adopted by manufacturers is investing in research and development to develop advanced security holograms. Companies such as Holostik India Limited and Zhejiang Yonghong Technology Co., Ltd are investing in R&D to develop new technologies and improve the quality of their products. This is expected to help them stay ahead of their competitors and gain a larger share of the market.
In addition to R&D, manufacturers are also focusing on partnerships and collaborations to expand their market presence. For example, Holostik India Limited has entered into a partnership with the Indian government to provide security holograms for passports and other official documents. Similarly, Zhejiang Yonghong Technology Co., Ltd has collaborated with leading brands in the cosmetics and personal care industry to provide security holograms for their products. These partnerships and collaborations are expected to help these manufacturers expand their market share and increase their revenue.
Speak to Our Analyst @ https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-7875
Security Holograms Market by Category
By Product Type:
- 2D/3D
- Dot Matrix
- Flip Flop
- Electron-beam
By Material:
- Polypropylene (PP)
- Polyvinyl Chloride (PVC)
- Polyethylene Terephthalate (PET)
By End Use:
- Packaging
- Apparel
- Currency
- Passport
- Documents
- Other (Credit Cards, Tickets, etc.)
About Us:
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
LinkedIn| Twitter| Blogs | YouTube
For Sales Enquiries: sales@futuremarketinsights.com