Global Security Paper Market Information, By Security Feature (Hybrid Papers, Watermarks, Holograms, and Threads), By Application (Banknotes, Legal & Government Documents, Certificates, Identity cards, Passport, Checks, and Stamps) and Region - Forecast to 2023.
Pune, India -- (SBWIRE) -- 06/16/2017 -- Market Research Future published a half cooked research report on global security paper market. The global market for security paper is expected to grow over the CAGR of around 6.02% during the period 2017 to 2023.
The security paper market is witnessing growth due to high circulation of money and the need for anti-counterfeit technologies. Moreover, an increase in the circulation of fake notes, visas, and passports has driven the need for security papers. Security paper helps prevent counterfeiting and fraud of documents because the hologram-like image embedded into the document is visible to the eye and can't be reproduced on a copy. It is mainly used for the printing of banknotes. Moreover, innovation in features & technology advancements and demonetization of currency notes act as major opportunities for the market.
The market is highly driven by the increasing awareness and the demand for security papers. Growth in digitization and government efforts to drive for online transactions are restraining the growth of the market. The global security paper market is expected to grow to USD 16.47 Billion by 2023 at a CAGR of 6.02% in the forecast period.
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Key Players of Security Paper Market:
-China Banknote Printing and Minting Corporation (Beijing)
-Ciotola S.R.L. (Italy)
-Document Security Systems, Inc.(U.S.)
-EPL House for Security Printing (Libya)
-Security Paper Limited (Pakistan)
-Sequana Group (France)
-De la Rue plc (U.K.)
-Giesecke & Devrient (Germany)
-Fedrigoni Group (Italy)
Market Research Analysis:
The global market of security paper is growing rapidly. It is expected that the global security paper market will advance with higher growth rate as compared to previous years due to increase awareness among the people. However, growth in digitization as well as changing consumer behaviour acts as a major restraint for the market.
On the basis of regions, Europe takes the lead as the largest and fastest growing market, followed by North America and Asia-Pacific. Asia-Pacific countries such as India and China have a higher usage of banknotes due to high population. Demonetization has increased the demand for banknote printing in India. Also, the demand for passport and visa printing is high in these countries due to increased migration to developed countries for jobs and higher studies.
Scope of the Report:
This study provides an overview of the global security paper market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global security paper market as Security Feature and application. On the basis of Security Feature it is segmented as Hybrid Papers, Watermarks, Holograms, and Threads. On the basis of application it is segmented as Banknotes, Legal & Government Documents, Certificates, Identity cards, Passport, Checks, and Stamps .
1 Executive Summary
2 Research Methodology
2.1 Scope of the Study
2.1.2 Research Objective
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter's Five Forces Analysis
4 Global Security Paper Market, By Security Feature
4.2 Hybrid Papers
5 Global Security Paper Market, By Application
5.3 Banknotes, Legal & Government Documents
5.5 Identity cards
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