In security paper market aims to study the individual growth trends, future prospects, and contribution of various segments to the total market. The study also analyzes opportunities in the market for stakeholders and details of competitive landscape for the market leaders. The study strategically profiles key players and comprehensively analyzes their core competencies.
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The security paper market size is estimated to grow to USD 16.37 Billion by 2021, at a CAGR of 6.0% from 2016. Security paper market helps to prevent counterfeiting.
Security paper is mainly used for the printing of banknotes.
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Reprinting of banknotes is a continuous process to ensure proper circulation of physical currency. Growing digitalization is restraining growth of security paper market as more people are going for online payment options, online printing of ID cards, and even soft copies of visas.
2 Competitive Situations & Trends
3 Market Share of Leading Tube Manufacturing Companies
4 Giesecke & Devrient
5 Sequana Capital
6 Security Papers Limited
9 Expansions & Investments
10 New Product Development & Technology Launches
11 Agreement & Contracts
12 Mergers & Acquisitions
“In terms of application, banknotes held a considerably larger market share in the security paper market”. The banknote application segment is estimated to dominate the security paper market and is projected to be the fastest-growing segment during the forecast period.
Banknotes form an important part of the economy for every country, which is a factor that the high CAGR can be attributed to. Security papers are also used in passports and visas, where features such as watermarks are used for their authentication.
In security paper market, A bottom-up procedure was employed to arrive at the overall size of the global security paper market from the revenue of the key players. After arriving at the overall market size, the total market was split into several segments and sub-segments, which were then verified through primary research by conducting extensive interviews with key people such as CEOs, VPs, directors, and executives.
Security Paper Market, By Security Feature
1 Security Paper Market, By Security Feature
2 Hybrid Papers
4 Fourdrinier Watermark
5 Mold Watermark
6 Security Thread
7 Embedded Thread
9 Security Features
Security Paper Market, By Application
2 Bank Notes
4 Identity Cards
6 Legal & Government Documents
The security paper market is witnessing growth due to the high circulation of money and need for anti-counterfeit technologies. The application of security paper in this sector covers banknotes, visas, passports, identity cards, stamps, certificates, and legal documents.
The global market for the security paper is dominated by players such as Giesecke & Devrient (Germany), Sequana Group (France), Security Paper Limited (Pakistan), Fedrigoni S.p.A (Italy), and De La Rue (U.K.).
Europe dominated the global security paper market, security paper market have widely been constructed across all major countries of Europe, such as Germany, Spain, the U.K., Russia, Italy, and France. Due to technological developments in Germany and the U.K., the security paper market in these countries is projected to grow at a higher rate than other European countries.
The growth in development and rise in per capita income are factoring the growth in use of security paper in these countries.
Factors such as growing digitization restrict the growth of the market. These players have adopted various strategies to expand their global presence and increase their market share.
New product launches, & expansions & investments are some of the major strategies adopted by the market players to achieve growth in the Security paper market.
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