According to FMI’s latest study, the security holograms market is anticipated to be valued at USD 5,233.2 million in 2023. Security hologram sales are estimated to exceed USD 8,633.6 million by 2033, rising at a CAGR of 5.1% during the forecast period.
The increasing demand for anti-counterfeiting devices to tackle the threat of counterfeiting is driving the sales of security holograms. With the rise of counterfeit products, hair care and cosmetic brands are particularly affected. The availability of counterfeit products not only harms the reputation and value of the company but also harms unsuspecting buyers. This is leading end-use industries to use security holograms to protect their products.
Access Full Insights—Read More About This Report Now!
The education industry is also contributing to the growth of the security holograms market. The University Grants Commission (UGC) in India has requested all universities to provide security features, such as security holograms and QR codes on degree certificates, to provide proper verification and curb duplications. This order is likely to propel the demand for security holograms and help create a personal identity for students, which can be used in other universities due to its uniformity.
The players operating in the security holograms industry are ramping up their investment in technologies to offer the best solution to brands and companies to protect their products against counterfeiting. This is also driving the security holograms industry.
The high level of counterfeiting is also leading to a decrease in foreign investment, which further generates demand for anti-counterfeiting devices such as security holograms. This is increasing the growth of the security holograms market.
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 USD 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 USD 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 USD 1,037.6 million in 2023.
- In South Asia, the security holograms industry in India is expected to be worth USD 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.
Competitive Landscape
The primary manufacturers of security holograms are attempting to focus on innovation. Given this, there is a strong emphasis on new product introductions and the implementation of technology breakthroughs to meet the demands of diverse businesses. In addition, players are increasing production capacity to suit global demand for security holograms.
- In February 2021, De La Rue plc announced the launch of DLR Validate™, a smartphone-enabled hologram validation tool.
- In January 2021, Opsec Security launched OpSec® KeyCode, a first-of-its-kind holographic two-factor authentication label that protects brands from counterfeiting.
- In December 2022, De La Rue plc launched NEXUS™, a new kind of security feature.
Key Players
UPM Raflatac, Inc.; The Griff Network; De La Rue plc; Mega Fortris Group Europe; Crown Roll Leaf, Inc.; Andrews & Wykeham Ltd; BEP HOLOGRAM AS; Nova Vision Inc.; Security Hologram, LLC.; Opsec Security; Demax Holograms plc; HV Hologram Europe; Diavy Srl; Kimoha Entrepreneur FZCO; K Laser Technology (USA) Co., Ltd.; Holoflex Limited; Uflex Ltd.; Packtica Sdn. Bhd.; Lasersec Technologies Pvt. Ltd.; Hira Holovision; Matrix Technologies; SK Hologram Co. Ltd.; AFC Technology Co., Ltd.
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.)
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa (MEA)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube