Future Market Insights (FMI) predicts the global market for security holograms to expand at 5.3% CAGR between 2021 and 2031. Overall sales of security holograms are expected to total US$ 8.1 Bn by 2031.
Increasing focus on security and authentication along with surging demand for anti-counterfeit devices to prevent the sales of counterfeit products will strengthen growth prospects for the security holograms market.
Security holograms are used in packaging, apparel, currency, passport, and document such as credit cards, tickets, and others as a measure taken to ascertain the authenticity. Security holograms can be customized as per the requirement of end users which adds value to the brand along with increasing the brand creditability.
Security holograms offer various benefits such as unique identification, safety & authentication, aesthetic look to a product, curbing duplication, and prevent counterfeiting among others. Considering myriad benefits they offer, security holograms are gaining popularity.
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As per Future Market Insights (FMI), there are ample opportunities for manufacturers of security holograms due to the rise in usage across various sectors. By product type, the 2D/3D segment followed by the electron-beam segment is estimated to be the most lucrative segment. The targeted segments are anticipated to hold more than 3/5th of sales in the market over the coming decade.
In terms of end use, security holograms will register maximum application in documents. Demand in this segment is expected to nearly double over the course of the assessment period.
Key Takeaways from Security Holograms Market
- Polyethylene Terephthalate (PET)is expected to remain the preferred material for security holograms manufacturing. It is expected create an incremental opportunity of US$ ~1.6 Bn, during 2021-2031
- North America, Europe, and East Asia will showcase the high demand for security holograms. The regions together will account for more than 65% of the global market share by the end of 2031.
- The U.S. is expected to emerge as the most lucrative market for security holograms in North America, accounting for over 80% of sales through 2031.
- The demand for security holograms is expected to increase by 5% CAGR in Europe over the report’s assessment period.
- The East Asia market is expected to be dominated by China through 2031.
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“In order to gain competitive edge, companies operating in the security holograms market are focusing on capacity expansion. They are completing strategic collaborations with regional distributors as well to uncover hidden opportunities in emerging nations,” says an FMI analyst.
Security Hologram Adds Colorful Dimension to Product Packaging
Eye-catching security holograms make for beneficial packaging accoutrement. Advanced technologies, which help to create 3D security holograms, offer 3D visual effects to the packaging, which increases the packaging attractiveness. Security hologram helps to grab the attention of customers browsing through product shelves in a store, which increases the chances of sales of any product. On the back of this factor, the demand for security holograms will increase in the packaging industry.
Eye-catching security hologram maximizes the brand appeal, which attracts the brand owner to use them on product packaging. Security hologram also adds a premium look to product packaging. Therefore premium cosmetic and skincare brands and other companies use security hologram, which offers security as well as an eye-catching look.
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Customized security hologram reinforces the brand identity, which is an added benefit for the brand. Customized security hologram adds real value to the product packaging and captures the essence of a product. Security hologram designed or used on a particular area of packaging enhances the visual impact. It plays a dual role of security and decoration. Overall, the security hologram adds a colorful dimension to the product packaging, which drives the demand for security holograms.
Need for Verification of Vaccination Status Creating Growth Opportunity
Health management and other authorities are facing challenges in terms of verifying vaccination status for those who are travelling outside the country or coming back to the country. To resolve the challenge, a security hologram is being placed on the vaccination card to verify the details. These holograms also can be tracked online, which makes the work of authority easy.
Ghana Health Service (GHS) is taking steps to rectify the challenges faced in the verification of vaccination status. The organization is placing security hologram on vaccination cards, which will make the work easy to verify the status of vaccination. Also, to verify the status, it has placed a separate desk at the airport, which functions only to check whether the traveler is fully vaccinated or not.
Overall, every individual taking vaccination will receive the vaccination card or certificate once they complete all the doses. This will create impressive growth opportunity for the market.
Security Holograms Market Landscape
De La Rue plc, UPM Raflatac, Inc., K Laser Technology (USA) Co., Ltd., Opsec Security Ltd., Uflex Ltd., Security Hologram, LLC, and The Griff Network are the top players operating in the target market. Furthermore, Crown Roll Leaf, Inc., Lasersec Technologies Pvt. Ltd., and Demax Holograms plc, are also noticeable players in the market. The Tier 3 players in the market hold 75-85% in the global market for security holograms. In conclusion, key players contribute almost 15-25% of the global market.
Security Holograms Market Report
Future Market Insights, in its new report, offers an unbiased analysis of the global market for security holograms, analyzing historical demand from 2015-2020 and forecast statistics for 2021-2031. The study reveals market growth projections on the security holograms based on product type (2D/3D, dot matrix, flip flop, and electron-beam), material (Polypropylene (PP), Polyvinyl Chloride (PVC), and Polyethylene Terephthalate (PET)), and end use (packaging, apparel, currency, passport, documents, and other (credit cards, tickets etc.)) across seven regions.
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About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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