Security Paper Market is estimated to grow with a CAGR of 7.32% during the forecast period

 

Cheques, certificates, banknotes, stamp paper, passports, and identity cards are all examples of security paper's uses. The fundamental aspect of these security papers is that they are resistant to paste forgery, chemical change, and high-tech counterfeiting. Furthermore, security papers may include paper fibres and substrates that can be used to determine whether or not the document has been tampered with. Security papers are frequently mixed with substrate materials to ensure that any tampering or fake documentation is easily detectable.

The report "Security Paper Market, By Component (Substrates, Watermarks, Threads, and Holograms), Application (Banknotes, Passports, Identity Cards, Certificates, Legal & Government Documents, Cheques, and Stamps)), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2029’’

Key Highlights:

  • Document Security Systems Inc. announced the general market introduction of its AuthentiGuard Security Paper in February 2020. It has eight layered measures to prevent fraudulent copies and scans, ensuring that certificates and documents cannot be tampered with or precisely replicated.

Analyst View:

The rise in incidences of fraud and counterfeiting, as well as the printing, circulation, and reprinting of banknotes, are likely to fuel the market's growth over the forecast period. Furthermore, the rise in tourism is expected to boost demand for visas and passports, as well as the reprinting of legal papers and the requirement to maintain document integrity across all business divisions. On the other side, the rise in digitization is one of the factors further hindering the growth of the security paper market throughout the forecast period. Furthermore, technical advancements and novel features associated with the demonetization of currency notes will create further potential for the security paper industry to flourish in the coming years. The rigorous regulatory requirements, on the other hand, may pose a further impediment to the security paper market's expansion in the near future.

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Key Market Insights from the report:

The global security paper market report segments the market on the basis of component, application, and region.

  • Based on Component, Global Security Paper Market is segmented into Substrates, Watermarks, Threads, and Holograms.
  • Based on Application, Global Security Paper Market is segmented into Banknotes, Passports, Identity Cards, Certificates, Legal & Government Documents, Cheques, and Stamps).  
  • By Region, the Global Security Paper Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Competitive Landscape & their strategies of Global Security Paper Market:

Key players in the global security paper market includes Giesecke & Devrient GmbH, De La Rue, plc, Fedrigoni Group, Security Printing and Minting Corporation of India Limited, Real Casa de la, Moneda Security Paper Limited, Goznak FGUP, China Banknote Printing and Minting Corporation, Drewsen Spezialpapiere GmbH & Co. KG and Document Security Systems, Inc.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

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