Fior Markets launched a study titled “Security Paper Market by Security Feature (Substrates, Watermarks, Threads, Holograms, Others), Application, Regions”,and Global Forecast 2018-2025.
The global security paper market is expected to grow from USD 11.23 Billion in 2017 to USD 17.76 Billion by 2025, at a CAGR of 5.90% during the forecast period from 2018-2025. Growing demand for security paper for several applications such as bank notes, legal and government documents, certificates, identity cards, passports, cheques, and stamps are providing a boost to the market growth.
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Watermark segment is anticipated to grow at a CAGR of 8.03% in 2018-2025
Security features segment is divided into substrates watermarks threads, holograms, and others. A majority of the security papers are constructed with at least three layers of substrate material, which helps in providing with numerous opportunities to incorporate additional security features. The substrate segment emerged as the largest segment in the security paper market with USD 4.22 billion revenue in 2017. Owing to growth in the utilization of watermark feature in the making of postage stamps, currency, and other security documents, the watermark segment is projected to grow at an accelerated CAGR of 8.03% over the forecast period.
Banknotes segment had a market value of USD 5.48 billion in 2017
Application is segmented into banknotes, passports, identity cards, cheques, government & legal documents, certificates, stamps, and others. Majority of the banknotes are made from the security paper that is manufactured from the materials such as cotton-fiber, polymer or hybrid papers. There is an unabated demand for the security paper for the purpose of printing the banknotes as well as to check the rise in a number of cases of counterfeit notes. Thus on account of these factors, the banknotes segment emerged as the global leader in the security paper market with USD 5.48 billion revenue in 2017. As the growth of the tourism industry is generating an increased demand for the passports and visas. The passports segment is also projected to progress at a steady pace over the forecast period.
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Regional Segmentation Analysis:
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. Asia Pacific region led the global security paper with USD 4.40 billion revenue in 2017. This increased demand can be attributed to rising demand for security papers for the purpose of government IDs, legal & government documents, and other documents in the region.
Major players in the global security paper market are Giesecke+Devrient, De La Rue plc, Fedrigoni Group, Security Printing and Minting Corporation of India Limited, Real Casa de la Moneda, Security Paper Limited, Goznak, China Banknote Printing and Minting Corporation, Drewsen Spezialpapiere GmbH & Co. KG, Document Security Systems, Ciotola S.R.L., EPL House for Security Printing, Sequana Group, Louisenthal, Landqart, and among others.
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