The latest industry research study on the worldwide security holograms market was just released by FMI, a top provider of security hologram market research. Over the prediction period of 2023 to 2033, the study analyses market trends, key players, development drivers, challenges, and opportunities.
The security holograms market is projected to be worth US$5,233.2 million in 2023, based on the most current FMI analysis. Security hologram sales are projected to reach $8,633.6 million in revenue by 2033, growing at a CAGR of 5.1% during that period.
For More Insights on this Market, Get A Sample Report https://www.futuremarketinsights.com/reports/sample/rep-gb-7875
Security holograms are an affordable technique to authenticate products, such as consumer electronics, cosmetics, and medications, and to stop counterfeiting. According to the survey, due to the rising worry over fake medications, the pharmaceutical industry is anticipated to be the biggest end-user of security holograms.
According to the report, Asia Pacific is the market for security holograms that is expanding at the highest rate. This growth is being fueled by a rise in demand from developing nations like China and India. Due to the expanding need for anti-counterfeiting solutions across numerous industries, North America and Europe are also anticipated to hold sizable market shares.
For more information about the global security holograms market, please refer to the full report available on FMI website.
Key Takeaways from the Security Holograms Market:
- The United States is predicted to be the leading region in the worldwide security holograms sector, with a share of 23.9% in 2022. According to the analysis, the US market was valued at US$ 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.
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
Browse all Reports: https://www.futuremarketinsights.com/reports
