DUBLIN--(BUSINESS WIRE)--The "Security Paper Market by Component (Substrates, Watermarks, Threads, and Holograms), Application (Banknotes, Passports, Identity Cards, Certificates, Legal & Government Documents, Cheques, and Stamps), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The security paper market is projected to grow from USD 11.4 billion in 2018 to USD 14.8 billion by 2023, at a CAGR of 5.42% during the forecast period.
Printing, circulation, and reprinting of banknotes and the growth in tourism is projected to increase the demand for passports & visas, which in turn, is driving the growth of the security paper market across the globe. However, increasing digitization acts as a roadblock in the growth of the market. E-Payment solutions are also replacing the use of cheques and banknotes. Further, the stringent laws and regulations, particularly in terms of control of the number of notes in circulation, is projected to hinder the security paper market growth in the near future.
The watermarks segment of the security paper market is projected to grow at the highest CAGR during the forecast period, in terms of value. The growth of this segment is attributed to the rising cases of copyright infringements. They are typically used to trace copyright infringements and for banknote authentication. Watermarks are also widely used in the paper industry. They are increasingly used in security papers, particularly in postage stamps, currency, and other security documents.
The banknotes segment is projected to lead the security paper market from 2018 to 2023, in terms of both, value and volume. From the technological viewpoint, banknotes are the most complex as well as prestigious value security papers. They are generally manufactured with cotton-fiber paper, polymer, or hybrid paper. This makes the banknotes robust and more resistant to wear and tear, as compared to common paper. Nowadays, special types of polymers are used to manufacture banknotes, as they have a better shelf life than paper notes and are resistant to fire and water.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Security Paper Market, By Component
7 Security Paper Market, By Application
8 Security Paper Market, By Region
9 Competitive Landscape
10 Company Profiles
- China Banknote Printing and Minting Corporation (CBPM)
- Ciotola SRL
- Crane Co.
- De La Rue PLC
- Dipa ZRT.
- Drewsen Spezialpapiere GmbH & Co. Kg
- EPL House
- Fedrigoni Group
- Gemini Graaphics Pvt. Ltd.
- Giesecke+Devrient
- Goznak
- HG Technology SDN BHD
- Pura Group
- Real Casa De La Moneda (FNMT-RCM)
- Security Paper Limited
- Security Paper Mill, Inc.
- Security Printing and Minting Corporation of India Limited (SPMCIL)
- Shandong Hirun Paper Co., Ltd
- Simpson Security Papers
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