ID: MRFR/PNT/2244-HCR | February 2023 | Region: Global | 132 Pages
The Global Security Paper Market is expected to generate a revenue of more than 12 billion US dollars by the forecast period. The  market is expected to register a CAGR of 14.18% by the forecast year 2023.Security paper deals with authentication and recognition of a document to be original. Invisible fibers, low watermarks, high watermarks, invisible ink, etc. are used to distinguish original to copy. Different companies use different king of security to maintain the authenticity of a document and prevent it from fraud and theft in the shield of copyrights. Security papers are highly used in the making of stamps, passports, identity cards, stamps, certificates, banknotes, and other legal documents. The global security paper market is a reliable and affordable security system that prevents companies from paper alteration, forgery, counterfeiting, and fraud.
Government and legal documents are majorly printed under the ethics of security paper decorum.
Many local and global companies are naked to theft because of an increase in fake and forged documents. Many government and semi-government organizations are also at risk because of the introduction of the fake currency note. Generally, in business and industrial sectors where payments are made using currency notes forgery and fake notes are on the rise. There is a high need for protection of these currency notes, where money circulation in and around countries is involved. The government's initiatives to fulfill the market demand in case of theft have made the global market grow.
COVID-19 pandemic has had a devastating effect on human life. With human life at risk, the world has seemed to be at a standstill. We have seen the loss of power, economy, GDP, etc. to a great extent. The central and local governments of various countries must agree to impose lockdowns to contain the spread of the virus. Travel, transportation, and movement were put on hold to contain the spread of the virus. A minimum 6 feet distance was required from one another while in public places. With digital money introduction and increased usage during the COVID-19 times, the market was diminished to a great extent. With increased work from home scenario, the security paper market saw a downfall with the introduction of softcopy while communicating with officials. The fight against the virus is still on thus the market is expected to gain its prospective once the threat settles.
The competitive landscape of the global security paper the market focuses on a detailed comparison between different companies and their recycled product security types. It provides detailed insights compiled by industrial experts on strategic alliances, joint ventures, research and development area, intended players, etc.
The key intended audience of the global security paper is Aftermarket suppliers, Raw Materials Suppliers, Manufacturers, Potential Investors, strategy growth managers, Key executives of corporates, Education Institutes, and Research Institutes.
The prominent market players are Ciotola S.R.L.(Italy), Drewsen Spezialpapiere GmbH & Co. KG, EPL House for Security Printing (Libya), Sequana Group (France), Giesecke & Devrient (Germany), China Banknote Printing and Minting Corporation (Beijing), Document Security Systems Inc.(U.S.), Security Paper Limited (Pakistan), De la Rue plc (U.K.), Security Printing and Minting Corporation of India Limited, and Fedrigoni Group (Italy).
Security paper deals with authentication and recognition of a document to be original. Invisible fibers, low watermarks, high watermarks, invisible ink, etc. are used to distinguish original to copy.
Different companies use different king of security to maintain the authenticity of a document and prevent it from fraud and theft in the shield of copyrights.
Security papers are highly used in the making of stamps, passports, identity cards, stamps, certificates, banknotes, and other legal documents. The global security paper market is a reliable and affordable security system that prevents companies from paper alteration, forgery, counterfeiting, and fraud.Government and legal documents are majorly printed under the ethics of security paper decorum because of the demand for paper security in currency notes and bank checks. Other factors involving the rise of the global paper security market are rise in the theft towards face currency notes and forged checks, need to protect against major losses to business and government corporations, increase in customer demands to maintain and sustain the integrity of their product, rise in the competition of companies involved printing official papers, increase in government's interest and initiative to maintain paper-based security, and many more. Many local and global companies are naked to theft because of an increase in fake and forged documents.Many government and semi-government organizations are also at risk because of the introduction of the fake currency note. However, the market has certain restraints like the introduction of digital money, unified payment interface, and online payment methods in almost every field of business increased digitalization in the corporate sectors to work with efficient soft copies, and introduction of cloud storage which can hold a large amount of data online than on paper-based storage. Also, with digital money introduction and increased usage during the COVID-19 times, the security paper market was diminished to a great extent.Â
The global security paper market is segmented based on security feature as low watermark, high watermark, hybrid papers, threads, substrates, and holograms.
Different type of polymer substrates is used to make security papers and this segment is expected to generate most revenue on the security feature segment.
The global security paper market is segmented based on application as Identity cards, banknotes, legal documents for government, semi-government, and private sectors, prescription, medical notes, certificates, stamps, passports, visas, cheques, and others.
The currency, cheques, and banknotes segment are expected to generate maximum CAGR during the forecast period.
The global security paper market is segmented based on region as North America (US, Mexico, Canada), Europe (UK, Germany, Russia, France, Italy, Spain), Asia Pacific (China, India, Japan, Malaysia, Singapore, South Korea and the Rest of Asia Pacific), and LAMEA (Brazil, UAE, Argentina, South Africa, Nigeria, Saudi Arabia, and the Rest of LAMEA).
In 2018, Ignite was launched by De La Rue Plc. Which could identify banknotes against counterfeiting and forgery. Advanced safety features were embedded with the help of company manufacturers to spread awareness in public to be proactive in recognizing the forged notes. This proved effective in serving industrial values and maintaining industry standards.
The global security paper industry shares a report on:
Report Attribute/Metric | Details |
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Market Size |
|
CAGR | 14.18% CAGR (2022-2030) |
Base Year | 2021 |
Forecast Period |  2022 to 2030 |
Historical Data | 2019Â &Â 2020 |
Forecast Units | Value (USD Billion) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Security Feature and Application |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Vendors | Ciotola S.R.L.(Italy), Drewsen Spezialpapiere GmbH & Co. KG, EPL House for Security Printing (Libya), Sequana Group (France), Giesecke & Devrient (Germany), China Banknote Printing and Minting Corporation (Beijing), Document Security Systems Inc.(U.S.), Security Paper Limited (Pakistan), De la Rue plc (U.K.), Security Printing and Minting Corporation of India Limited, and Fedrigoni Group (Italy). |
Key Market Opportunities | Government and military interest in the rising of forged documents |
Key Market Drivers |
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The security paper market can thrive at 14.18% CAGR by 2030.
The security paper market can attain high valuation by 2030.
Sequana Group (France), Goznak (Russia), De la Rue plc (U.K.), Fedrigoni Group (Italy), and Giesecke & Devrient (Germany) are some reputed names in the security paper market.
The rise in legal and government applications can boost the global security paper market expansion.
North America security paper market growth can spur due to high demand for hybrid papers.