Global Security Printing Category - Procurement Market Intelligence Report

This procurement report offers supplier market insights for strategic sourcing and procurement professionals looking to identify cost-saving opportunities.

  • Published: Oct 2017
  • Pages: 81
  • SKU: IRCMSTR14525
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Key Features of Report

 

Supply Market Insights
Procurement Best Practices
Cost Saving Opportunities
Pricing Models
Negotiation Strategies
Category Risk Analysis
Key Supplier Analysis
Supplier Capability Matrix

 

Security Printing - Category Spend Analysis

 

According to procurement analysts at SpendEdge, one of the key category growth drivers for the security printing market is the rise in counterfeit of security documents. Counterfeiting of security documents, such as banknotes, coupons, and tax stamps, has increased immensely due to the rise in terrorism and criminal networks as they have fueled underground economy and finances. The increased circulation of counterfeit currency, in turn, poses a serious threat to the economy of countries, consumers, and financial institutions. Technological innovations, such as desktop graphics and LaserJet and inkjet printers, have made it easier for counterfeiters to forge documents. As a result, buyers have become conscious about protecting security documents to avoid counterfeiting

Brand piracy is another factor driving the growth of the security printing market. A growing number of buyers are implementing security features on their labels and product packaging to protect their brand names. Brand owners work in collaboration with suppliers (printing partners) to develop a multi-layered protection plan (by integrating multiple layers of security into the document such as encryption, tokenization, and EMV chip card technology), which enables them to protect their brand and avoid counterfeiting. Some of the sectors that are affected by brand piracy include pharmaceutical, electronics, semiconductor, and consumer packaged goods. Buyers in these industries are adopting measures such as micro text, guillochés, variable images, and illustrations. These measures are integrated with digital printing process to produce package designs that are difficult for counterfeiters to replicate, thus enabling buyers to protect their brand. Also, security printing suppliers are offering security substrates such as fluorescent fibers, watermarks, taggants, embedded holograms, and microprinting fiber. These substrates contain a high level of security measures to ensure brand protection.

Security Printing - Procurement Best Practices

One of the procurement best practices in the market is for buyers to engage only with suppliers that have security measures in place in terms of performing background checks on employees/staffs working at security printing suppliers’ premises. Suppliers also need to maintain safe operational procedures during the process of security printing, which allows access to only authorized staff for document handling to avoid misusing of information and forgery of documents. To ensure long-term engagement with buyers, suppliers must maintain a SOP within their operations and ensure that employees comply with such procedures to maintain the safety of information to be printed on documents.

Security Printing - Procurement Challenges

According to this procurement research, the increasing cost of security printing due to the volatility of raw material prices is one of the major procurement challenges for the buyers in this category. The cost of raw materials such as paper, plastic or biopolymers, security inks, security threads, micro metallic parts, and printed electronics depends greatly on the availability and accessibility of such materials to suppliers. Since the suppliers have no say over the raw material costs, they increase service pricing to maintain their ROI.

 

PART 1: CATEGORY AT A GLANCE

  • TAKEAWAY 01 | Market Overview
  • TAKEAWAY 02 | Demand and Supply Snapshot
  • TAKEAWAY 03 | Key Market Dynamics
  • TAKEAWAY 04 | Supply Market Highlights
  • TAKEAWAY 05 | Pricing Insights
  • TAKEAWAY 06 | Procurement Insights

PART 2:  SCOPE OF THE REPORT

  • Category Definition
  • Research Methodology

PART 3: MARKET INSIGHTS

  • Category Spend Analysis
  • Category Maturity by Regions
  • Demand-Supply Shifts
  • Regional Demand-Supply Snapshot
  • Market Developments
  • Regional Impact of Trends
  • Key Category Growth Drivers and Corresponding Regional Impacts
  • Major Category Growth Constraints and Corresponding Regional Impacts
  • Key Current Technological Innovations
  • Major Regulatory Frameworks
  • Strategic Sustainability Practices
  • Porter’s Five Forces
  • PESTLE Analysis

PART 4: SUPPLY MARKET INSIGHTS

  • Supplier Operational Capability Matrix
  • Other Prominent Suppliers by Region: Operational Capability Matrix
  • Supplier Functional Capability Matrix
  • Other Prominent Suppliers by Region: Functional Capability Matrix
  • Key Clients/Partners
  • Supplier Cost Breakup
  • Supplier Positioning Matrix

PART 5: PRICING INSIGHTS

  • Pricing Models Snapshot
  • Pricing Models – Pros and Cons
  • Indicative Pricing

PART 6: PROCUREMENT INSIGHTS

  • Major Category Requirements
  • Major Procurement Pain Points
  • Category Sourcing Evolution Matrix
  • Procurement Best Practices
  • Cost-saving Opportunities
  • Supplier Selection Criteria
  • Category Negotiation Strategies
  • SLA Terms
  • Supplier Evaluation Criteria
  • Category Risk Analysis

PART 7: TOP FIVE SUPPLIERS

  • G+D
  • 3M
  • De La Rue
  • Gemalto
  • Toppan Printing  

PART 8: APPENDIX

  • Glossary
  • Key Notes
  • About Us

Research Framework

SpendEdge presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key category influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary research

  • Procurement heads
  • Category managers
  • Sourcing consortium professionals
  • Industry experts and thought leaders
  • Procurement managers
  • Category heads of suppliers
  • Client account heads/managers
  • Client and industry consultants

Secondary research

  • Industry journals and reports
  • Periodicals and new articles
  • Category webinars
  • Internal categiry playbooks
  • Industry and government websites on regulations and compliance
  • Internal databases
  • Industry blogs/thought leader briefings

DATA ANALYSIS

SpendEdge INSIGHTS

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