DUBLIN--(BUSINESS WIRE)--The "Security Paper - Global Market Outlook (2017-2026)" report has been added to ResearchAndMarkets.com's offering.
The Global Security Paper market accounted for $11.25 billion in 2017 and is expected to reach $22.72 billion by 2026 growing at a CAGR of 8.1%.
Factors such as growing awareness about the frauds in consumer groups, increasing demand for reprinting the official documents, rising usage of security features such as holograms, water marks etc, and growth in band protection are fuelling the market growth.
Furthermore, increase in the anti counterfeiting technologies and technological advancements provide abundant growth opportunities for the market during the forecast period.
However, rising digitization is hampering the market growth and strict government regulations are hampering the market growth.
Based on Security feature, hybrid paper segment is projected to be the fastest-growing segment due to the need for safeguarding security documents from anti-counterfeiting technologies.
By application, bank notes segment is expected to grow at a highest CAGR during the forecast period. The growth of this segment can be attributed to printing and reprinting of currency notes, increasing demand of photocopying official documents and circulation of money.
- Sequana Group
- Fedrigoni Group
- Document Security Systems Inc.
- Security Paper Mill Inc.
- Pura Group
- Sequana Group
- De La Rue PLC
- Fortress Paper Ltd
- Drewsen Spezialpapiere GmbH & Co. KG
- China Banknote Printing and Minting Corporation
- EPL House for Security Printing
- Ciotola S.R.L
- HGT Global
- Shandong Hirun Paper Co. Ltd
- Crane & Co
For more information about this report visit https://www.researchandmarkets.com/research/j5wwrp/global_security?w=4