Global Security Paper Market 2018-2023: Opportunities in Technological Advancements & Innovative Features & Demonetization of Currency Notes
DUBLIN, Jan. 8, 2019 /PRNewswire/ --
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 global security paper market is projected to reach USD 14.83 billion by 2023, at a CAGR of 5.42% from 2018.
Security paper is a paper that incorporates features that provide authentication. It is mainly used in banknotes, passports, identity cards, stamps, certificates, and legal documents. In 2017, Asia Pacific accounted for the largest share of 60.9%, in terms of value, of the security paper market. The growth of the market in this region can be attributed to the rising incomes, infrastructure modernization, large population base, and cultural connection to use physical cash.
The security paper market is witnessing growth due to the high circulation of money and the need for anti-counterfeit technologies. Moreover, an increase in the circulation of fake notes, visas, and passports has been witnessed. Also, cases of forgery have increased considerably due to counterfeiting. Thus, security paper helps to prevent counterfeiting. Security paper is mainly used for the printing of banknotes. Moreover, reprinting of banknotes is a continuous process to ensure proper circulation.
This is the main driving factor for the security paper market. Factors such as stringent government regulations hinder the growth of the security paper market. For example, strict rules on capital measurement and lending of money lead to the control of money distribution. Technological development and innovative printing technologies such as new paper printing machines with embedded security features within the paper itself leads to fast printing of papers, which drives the security paper market. However, growth in digitization acts as a roadblock in the growth of the security paper market.
The studied market is segmented based on components, application, and region. By components, the security paper market is segmented into substrates, watermarks, holograms, threads, and others. Based on application, the market is segmented into banknotes, legal & government documents, certificates, passports, identity cards, cheques, stamps, and others. By region, the security paper market has been segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America.
The security paper market is dominated by key players such as Giesecke+Devrient (Germany), De La Rue plc (UK), Fedrigoni Group (Italy), Security Printing and Minting Corporation of India Limited (India), Real Casa de la Moneda (Spain), Security Paper Limited (Pakistan), Goznak (Russia), China Banknote Printing and Minting Corporation (China), Drewsen Spezialpapiere GmbH & Co. KG (Germany), and Document Security Systems (US).
These companies have strong product portfolios related to the security paper market and focus on expanding their market presence and product portfolio by adopting strategic initiatives such as new product launches, contracts, expansions, partnerships, and acquisitions.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Security Paper Market
4.2 Asia Pacific: Security Paper Market, By Application & Country
4.3 Security Paper Market, By Application
4.4 Security Paper Market, By Country
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increase in Cases of Fraud and Counterfeiting
5.2.1.1.1 The Rise in Awareness Regarding Frauds Among Consumer Groups With the Support of Media
5.2.1.2 Printing, Circulation, and Reprinting of Banknotes
5.2.1.3 Growth in Tourism to Increase the Demand for Visas and Passports
5.2.1.4 Reprinting of Legal Documents
5.2.2 Restraints
5.2.2.1 Growth in Digitization
5.2.3 Opportunities
5.2.3.1 Technological Advancements & Innovative Features
5.2.3.2 Demonetization of Currency Notes
5.2.4 Challenges
5.2.4.1 Stringent Government Regulations
6 Security Paper Market, By Component
6.1 Introduction
6.2 Substrates
6.2.1 Substrates to Be the Largest Segment of the Security Printing Market
6.3 Watermarks
6.3.1 Watermarks to Be the Leading Security Feature in the Security Paper Market
6.4 Threads
6.4.1 The Increasing Need for Printing New Banknotes and Passports Drives the Demand for Security Threads
6.5 Holograms
6.5.1 Increasing Number of Forging and Duplication Cases to Drive the Demand for Holograms in the Security Paper Market
6.6 Others
6.6.1 The Others Segment is Projected to Record A Stagnant Growth Rate During the Forecast Period
7 Security Paper Market, By Application
7.1 Introduction
7.2 Bank Notes
7.2.1 Banknotes to Lead the Demand for Security Papers
7.3 Passports
7.3.1 Growing Tourism is Expected to Boost the Demand for Security Papers the in Passports Segment
7.4 Identity Cards
7.4.1 Growing Concerns Toward National Security is Expected to Enhance Development of Highly-Secured Identity Cards
7.5 Certificates
7.5.1 Increasing Number of Students in Educational Institutions to Drive the Usage of Security Papers in the Certificates Segment
7.6 Legal & Government Documents
7.6.1 Increasing Counterfeiting Issues to Drive the Demand for Highly Secured Security Papers in Legal Documents
7.7 Cheques
7.7.1 Growing Trend Toward E-Payments is Expected to Hamper the Growth of Security Papers in the Cheques Segment
7.8 Stamps
7.8.1 Stamps to Grow at A Moderate Rate During the Forecast Period
7.9 Others
7.9.1 The Others Segment is Projected to Grow at A Stagnant Rate During the Forecast Period
8 Security Paper Market, By Region
8.1 Introduction
8.2 Asia Pacific
8.2.1 China
8.2.1.1 China is the Largest Country-Level Market for the Security Paper Market in Asia Pacific
8.2.2 India
8.2.2.1 India is the Fastest-Growing Country-Level Market for Security Papers in Asia Pacific
8.2.3 Japan
8.2.3.1 The Growing Tourism Industry in Japan is Driving the Demand for Security Paper in Visas and Passports
8.2.4 Indonesia
8.2.4.1 Increasing Demand for Banknotes has Led to the Growing Need for Security Papers
8.2.5 Rest of Asia Pacific
8.2.5.1 Printing, Circulation, and Reprinting of Banknotes Along With the Growing Tourism Industry to Drive Security Paper Market in Rest of Asia Pacific
8.3 North America
8.3.1 US
8.3.1.1 The US is the Largest Country-Level Market for Security Paper in North America
8.3.2 Canada
8.3.2.1 Rise in the Number of Counterfeited Banknotes has Arisen the Need for High-Security Features
8.3.3 Mexico
8.3.3.1 Printing, Circulation, and Reprinting of Banknotes to Drive the Security Paper Market in Mexico
8.4 Europe
8.4.1 Germany
8.4.1.1 Germany to Be the Second-Largest Market in the European Security Paper Market
8.4.2 UK
8.4.2.1 Growth of Tourism to Drive the UK Security Paper Market
8.4.3 France
8.4.3.1 Increase in Frauds and Counterfeiting is Projected to Drive the Demand for Security Paper in France
8.4.4 Russia
8.4.4.1 Russia to Lead the Security Paper Market in Europe
8.4.5 Rest of Europe
8.4.5.1 Rise in Demand for Highly Secured Documents is Expected to Drive the Security Paper Market in Rest of Europe
8.5 Middle East & Africa
8.5.1 UAE
8.5.1.1 The UAE to Grow at the Highest CAGR in Middle East & Africa Security Paper Market
8.5.2 Saudi Arabia
8.5.2.1 Growing Tourism is Expected to Drive the Security Paper Market in Saudi Arabia
8.5.3 Turkey
8.5.3.1 Turkey to Lead the Security Paper Market in Middle East & Africa
8.5.4 South Africa
8.5.4.1 Increasing Cases of Frauds and Counterfeiting to Drive Security Paper Market in South Africa
8.5.5 Rest of Middle East & Africa
8.5.5.1 Rest of Middle East & Africa is Projected to Grow at A Stagnant Growth Rate
8.6 Latin America
8.6.1 Brazil
8.6.1.1 Brazil to Account for the Largest Market for Security Paper in Latin America
8.6.2 Argentina
8.6.2.1 Increasing Need to Print New Banknotes is Projected to Drive the Security Paper Market in Argentina
8.6.3 Chile
8.6.3.1 The Growth of the Tourism Sector to Drive the Security Paper Market in Chile
8.6.4 Rest of Latin America
8.6.4.1 Banknotes to Remain the Largest Application Area for the Security Paper Market in Rest of Latin America
9 Competitive Landscape
9.1 Overview
9.2 Market Ranking
9.3 Competitive Scenario
9.3.1 New Product Launches/Developments
9.3.2 Partnerships, Agreements, and Joint Ventures
9.3.3 Contracts
9.3.4 Expansions, Investments, and Divestitures
9.3.5 Mergers & Acquisitions
10 Company Profiles
10.1 Giesecke+Devrient
10.2 De La Rue PLC
10.3 Fedrigoni Group
10.4 Security Printing and Minting Corporation of India Limited (SPMCIL)
10.5 Real Casa De La Moneda (FNMT-RCM)
10.6 Security Paper Limited
10.7 Goznak
10.8 China Banknote Printing and Minting Corporation (CBPM)
10.9 Drewsen Spezialpapiere GmbH & Co. Kg
10.10 Document Security Systems
10.11 Other Players
10.11.1 Simpson Security Papers
10.11.2 Ciotola SRL
10.11.3 Crane Co.
10.11.4 Pura Group
10.11.5 Shandong Hirun Paper Co., Ltd
10.11.6 EPL House
10.11.7 Security Paper Mill, Inc.
10.11.8 Dipa ZRT.
10.11.9 HG Technology SDN BHD
10.11.10 Gemini Graaphics Pvt. Ltd.
For more information about this report visit https://www.researchandmarkets.com/research/8783bx/global_security?w=5
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets
Share this article