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Global Security Paper Market Forecast to 2023: Increase in Cases of Fraud and Counterfeiting, Printing, Circulation, and Reprinting of Banknotes, Increase the Demand for Visas and Passports

Dublin, Jan. 21, 2019 (GLOBE NEWSWIRE) -- 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 security paper market is projected to grow from USD 11.4 billion in 2018 to USD 14.8 billion by 2023, at a CAGR of 5.42% during the forecast period.

Printing, circulation, and reprinting of banknotes and the growth in tourism is projected to increase the demand for passports & visas, which in turn, is driving the growth of the security paper market across the globe. However, increasing digitization acts as a roadblock in the growth of the market. E-Payment solutions are also replacing the use of cheques and banknotes. Further, the stringent laws and regulations, particularly in terms of control of the number of notes in circulation, is projected to hinder the security paper market growth in the near future.

The watermarks segment of the security paper market is projected to grow at the highest CAGR during the forecast period, in terms of value. The growth of this segment is attributed to the rising cases of copyright infringements. They are typically used to trace copyright infringements and for banknote authentication. Watermarks are also widely used in the paper industry. They are increasingly used in security papers, particularly in postage stamps, currency, and other security documents.

The banknotes segment is projected to lead the security paper market from 2018 to 2023, in terms of both, value and volume. From the technological viewpoint, banknotes are the most complex as well as prestigious value security papers. They are generally manufactured with cotton-fiber paper, polymer, or hybrid paper. This makes the banknotes robust and more resistant to wear and tear, as compared to common paper. Nowadays, special types of polymers are used to manufacture banknotes, as they have a better shelf life than paper notes and are resistant to fire and water.

To prevent counterfeiting activities, the government of each country incorporates numerous security features in a single banknote. Watermarks, holograms, security threads, intaglio printing, and inks are some security features that are inserted in banknotes during the manufacturing process. The constant printing, circulation, and reprinting of banknotes, coupled with the rising number of cases pertaining to counterfeit notes are projected to drive the demand for security papers for banknotes.

In terms of value, the Asia Pacific security paper market is projected to grow at the highest CAGR from 2018 to 2023 due to the strong demand from countries such as China and India. The demand is also driven by the growing tourism industry, which contributes to the consumption of various security documents such as, identity cards, passports, and visas. Moreover, increasing population density and the growing cash-based economy in some countries such as India and Indonesia in the region have driven the demand for banknotes, thereby driving the security paper market growth.

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/lmnmv7/global_security?w=12

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