Banknote Market to record USD 2.47 Bn -- Technavio identifies BNB Corp., CCL Industries Inc., and Crane Co. as key vendors
NEW YORK, July 12, 2022 /PRNewswire/ -- The "Banknote Market by Printer Type and Geography - Forecast and Analysis 2021-2025" report by Technavio provides detailed insights into the competitive landscape, growth strategies adopted, and key products offered by vendors. The report identifies BNB Corp., CCL Industries Inc., Crane Co., De La Rue Plc, FNMT-RCM, Giesecke + Devrient GmbH, Joint Stock Company Goznak, Oberthur Fiduciaire SAS, Orell Fussli Holding AG, and Security Papers Ltd. as dominant players in the market.
Purchasing our full report provides you with a comprehensive analysis of recent developments, new product launches, major revenue-generating segments, and market behavior across geographies.
According to the report, the market will witness an incremental growth of USD 2.47 billion between 2020 and 2025. The market observed a YOY growth of 3.26% in 2021 and the growth momentum is expected to accelerate at a CAGR of 4.18% during the forecast period.
The market structure is fragmented due to the presence of several vendors. Although the introduction of central bank policies for clean banknotes, the implementation of demonetization policies, and increasing dependency on cash will offer immense growth opportunities, the transition toward a cashless economy, increasing use of cryptocurrencies, and rise in circulation of fake currencies will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Banknote Market 2021-2025: Segmentation
The global banknote market is segmented as below:
- Type
- State-owned
- Commercial
The state-owned segment will generate maximum revenue in the market. The market growth in the segment will be significant during the forecast period.
- Geography
- APAC
- North America
- Europe
- MEA
- South America
North America is the key market for banknotes. About 31% of the overall market growth is expected to originate from the region. Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our banknote market report covers the following areas:
Banknote Market 2021-2025: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the banknote market. Backed with competitive intelligence and benchmarking, our research report on the banknote market is designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.
Banknote Market 2021-2025: Key Highlights
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will assist banknote market growth during the next five years
- Estimation of the banknote market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the banknote market
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of banknote market vendors
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Banknote Market Scope | |
Report Coverage | Details |
Page number | 120 |
Base year | 2020 |
Forecast period | 2021-2025 |
Growth momentum & CAGR | Accelerate at a CAGR of 4.18% |
Market growth 2021-2025 | USD 2.47 billion |
Market structure | Fragmented |
YoY growth (%) | 3.56 |
Regional analysis | APAC, North America, Europe, MEA, and South America |
Performing market contribution | North America at 31% |
Key consumer countries | US, China, UK, India, and Germany |
Competitive landscape | Leading companies, competitive strategies, consumer engagement scope |
Companies profiled | BNB Corp., CCL Industries Inc., Crane Co., De La Rue Plc, FNMT-RCM, Giesecke + Devrient GmbH, Joint Stock Company Goznak, Oberthur Fiduciaire SAS, Orell Fussli Holding AG, and Security Papers Ltd. |
Market Dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period. |
Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table Of Contents:
1. Executive Summary
1.1 Market Overview
Exhibit 01: Key Finding 1
Exhibit 02: Key Finding 2
Exhibit 03: Key Finding 3
Exhibit 04: Key Finding 5
Exhibit 05: Key Finding 6
Exhibit 06: Key Finding 7
Exhibit 07: Key Finding 8
2. Market Landscape
2.1 Market ecosystem
2.1.1 Parent Market
Exhibit 08: Parent market
Exhibit 09: Market characteristics
2.2 Value chain analysis
Exhibit 10: Value chain analysis : Specialized Consumer Services
2.2.1 Inputs
2.2.2 Operations
2.2.3 Marketing and sales
2.2.4 Support activities
2.2.5 Innovations
3. Market Sizing
3.1 Market definition
Exhibit 11: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 12: Market segments
3.3 Market size 2020
3.4 Market outlook: Forecast for 2020 - 2025
3.4.1 Estimating growth rates for emerging and high-growth markets
3.4.2 Estimating growth rates for mature markets
Exhibit 13: Global - Market size and forecast 2020 - 2025 ($ million)
Exhibit 14: Global market: Year-over-year growth 2020 - 2025 (%)
4. Five Forces Analysis
4.1 Five Forces Summary
Exhibit 15: Five forces analysis 2020 & 2025
4.2 Bargaining power of buyers
Exhibit 16: Bargaining power of buyers
4.3 Bargaining power of suppliers
Exhibit 17: Bargaining power of suppliers
4.4 Threat of new entrants
Exhibit 18: Threat of new entrants
4.5 Threat of substitutes
Exhibit 19: Threat of substitutes
4.6 Threat of rivalry
Exhibit 20: Threat of rivalry
4.7 Market condition
Exhibit 21: Market condition - Five forces 2020
5. Market Segmentation by Printer type
5.1 Market segments
The segments covered in this chapter are:
- State-owned
- Commercial
Exhibit 22: Printer type - Market share 2020-2025 (%)
5.2 Comparison by Printer type
Exhibit 23: Comparison by Printer type
5.3 State-owned - Market size and forecast 2020-2025
Exhibit 24: State-owned - Market size and forecast 2020-2025 ($ million)
Exhibit 25: State-owned - Year-over-year growth 2020-2025 (%)
5.4 Commercial - Market size and forecast 2020-2025
Exhibit 26: Commercial - Market size and forecast 2020-2025 ($ million)
Exhibit 27: Commercial - Year-over-year growth 2020-2025 (%)
5.5 Market opportunity by Printer type
Exhibit 28: Market opportunity by Printer type
6. Customer landscape
Technavio's customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
6.1 Overview
Exhibit 29: Customer landscape
7. Geographic Landscape
7.1 Geographic segmentation
The regions covered in the report are:
- APAC
- North America
- Europe
- MEA
- South America
Exhibit 30: Market share by geography 2020-2025 (%)
7.2 Geographic comparison
Exhibit 31: Geographic comparison
7.3 APAC - Market size and forecast 2020-2025
Exhibit 32: APAC - Market size and forecast 2020-2025 ($ million)
Exhibit 33: APAC - Year-over-year growth 2020-2025 (%)
7.4 North America - Market size and forecast 2020-2025
Exhibit 34: North America - Market size and forecast 2020-2025 ($ million)
Exhibit 35: North America - Year-over-year growth 2020-2025 (%)
7.5 Europe - Market size and forecast 2020-2025
Exhibit 36: Europe - Market size and forecast 2020-2025 ($ million)
Exhibit 37: Europe - Year-over-year growth 2020-2025 (%)
7.6 MEA - Market size and forecast 2020-2025
Exhibit 38: MEA - Market size and forecast 2020-2025 ($ million)
Exhibit 39: MEA - Year-over-year growth 2020-2025 (%)
7.7 South America - Market size and forecast 2020-2025
Exhibit 40: South America - Market size and forecast 2020-2025 ($ million)
Exhibit 41: South America - Year-over-year growth 2020-2025 (%)
7.8 Key leading countries
Exhibit 42: Key leading countries
7.9 Market opportunity by geography
Exhibit 43: Market opportunity by geography ($ million)
8. Drivers, Challenges, and Trends
8.1 Market drivers
8.1.1 Central bank policies for clean banknotes
8.1.2 Implementation of demonetization policies
8.1.3 Cash is the key driver for the economy
8.2 Market challenges
8.2.1 Transition toward cashless economy
8.2.2 Increasing use of cryptocurrencies
8.2.3 Rise in circulation of fake currencies
Exhibit 44: Impact of drivers and challenges
8.3 Market trends
8.3.1 Use of durable solutions for printing currencies
8.3.2 Rise in financial inclusion
8.3.3 Increased focus of countries to outsource printing of currencies
9. Vendor Landscape
9.1 Overview
Exhibit 45: Vendor landscape
9.2 Landscape disruption
Exhibit 46: Landscape disruption
Exhibit 47: Industry risks
9.3 Competitive scenario
10. Vendor Analysis
10.1 Vendors covered
Exhibit 48: Vendors covered
10.2 Market positioning of vendors
Exhibit 49: Market positioning of vendors
10.3 BNB Corp.
Exhibit 50: BNB Corp. - Overview
Exhibit 51: BNB Corp. - Product and service
Exhibit 52: BNB Corp. - Key offerings
10.4 CCL Industries Inc.
Exhibit 53: CCL Industries Inc. - Overview
Exhibit 54: CCL Industries Inc. - Business segments
Exhibit 55: CCL Industries Inc. - Key offerings
Exhibit 56: CCL Industries Inc. - Segment focus
10.5 Crane Co.
Exhibit 57: Crane Co. - Overview
Exhibit 58: Crane Co. - Business segments
Exhibit 59: Crane Co. - Key offerings
Exhibit 60: Crane Co. - Segment focus
10.6 De La Rue Plc
Exhibit 61: De La Rue Plc - Overview
Exhibit 62: De La Rue Plc - Business segments
Exhibit 63: De La Rue Plc - Key offerings
Exhibit 64: De La Rue Plc - Segment focus
10.7 FNMT-RCM
Exhibit 65: FNMT-RCM - Overview
Exhibit 66: FNMT-RCM - Product and service
Exhibit 67: FNMT-RCM - Key offerings
10.8 Giesecke + Devrient GmbH
Exhibit 68: Giesecke + Devrient GmbH - Overview
Exhibit 69: Giesecke + Devrient GmbH - Business segments
Exhibit 70: Giesecke + Devrient GmbH - Key offerings
Exhibit 71: Giesecke + Devrient GmbH - Segment focus
10.9 Joint Stock Company Goznak
Exhibit 72: Joint Stock Company Goznak - Overview
Exhibit 73: Joint Stock Company Goznak - Product and service
Exhibit 74: Joint Stock Company Goznak - Key offerings
10.10 Oberthur Fiduciaire SAS
Exhibit 75: Oberthur Fiduciaire SAS - Overview
Exhibit 76: Oberthur Fiduciaire SAS - Product and service
Exhibit 77: Oberthur Fiduciaire SAS - Key offerings
10.11 Orell Fussli Holding AG
Exhibit 78: Orell Fussli Holding AG - Overview
Exhibit 79: Orell Fussli Holding AG - Business segments
Exhibit 80: Orell Fussli Holding AG - Key offerings
Exhibit 81: Orell Fussli Holding AG - Segment focus
10.12 Security Papers Ltd.
Exhibit 82: Security Papers Ltd. - Overview
Exhibit 83: Security Papers Ltd. - Product and service
Exhibit 84: Security Papers Ltd. - Key offerings
11. Appendix
11.1 Scope of the report
11.1.1 Market definition
11.1.2 Objectives
11.1.3 Notes and caveats
11.2 Currency conversion rates for US$
Exhibit 85: Currency conversion rates for US$
11.3 Research Methodology
Exhibit 86: Research Methodology
Exhibit 87: Validation techniques employed for market sizing
Exhibit 88: Information sources
11.4 List of abbreviations
Exhibit 89: List of abbreviations
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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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