DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Polymer Banknotes Market: Industry Analysis & Outlook (2017-2021)" report to their offering.
"Global Polymer Banknotes Market: Industry Analysis & Outlook (2017-2021)" provides an extensive research and detailed analysis of the market performance at present and future outlook of the global market.
Banknote circulation has been continually growing in all the economies. The circulation of these notes is initially a protective & secretive operation, but once it enters the market it is prone to counterfeiting and illegal use. Therefore, to combat this practice which is directly correlated to economic growth, the central banks & governments are heading towards the adoption of polymer banknotes.
Polymer notes are made up of a substance known as polymer, such as biaxial oriented polypropylene. These banknotes have a longer life, which reduces the cost of production and replacement. Above all, polymer notes are incorporated with special security features and inks which are hard to replicate, thereby helping in tackling the counterfeit note production and corruption.
Major trends of the market include increasing replacement of old notes and willingness among people to switch to polymer notes. However, growth of the market will be hindered by reduced bargaining power, and vulnerability to static built-up in manufacturing process. Also, the competition of the market is concentrated between two firms only.
The polymer notes market has only two players, i.e. De La Rue and Innovia Security Private Limited, which have been profiled in detail.
Key Topics Covered:
1. Market Overview
2. Banknotes Market Analysis
3. Polymer Notes Market Analysis
4. Market Dynamics
5. Competitive Landscape
6. Company Profiles
- De La Rue
- Innovia Security Pvt. Ltd.
For more information about this report visit http://www.researchandmarkets.com/research/qzrgq9/global_polymer.