Security Paper Market Analysis by Recent Developments and Trends 2022 | Giesecke+Devrient Currency Technology GmbH, Fedrigoni Group

The Security Paper  market report provides information regarding market size, share, trends, growth, cost structure, global market competition landscape, market drivers, challenges and opportunity, capacity, revenue and forecast 2028. This report also includes the overall and comprehensive study of the Security Paper market with all its aspects influencing the growth of the market. This report is an exhaustive quantitative analysis of the Security Paper industry and provides data for making strategies to increase market growth and effectiveness.

The security paper market (henceforth, referred to as the market studied) is expected to register a CAGR of 6% during the forecast period 2022 - 2027.

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Markets Segmentation:

Top leading Companies Profiled in Security Paper Market Report are Ê-, Giesecke+Devrient Currency Technology GmbH, Fedrigoni Group, Infinity Security Papers Limited, Ceprohart SA, Drewsen Specialty Papers GmbH & Co. KG, Simpson Security Papers, Domtar Corporation, A1 Security Print Ltd, Papierfabrik Louisenthal GmbH, Ciotola SRL

News and Updates

- February 2022 - Document Security Systems Inc. announced the launch of the companyÕs AuthentiGuard Security Paper to the general market. It is designed to prevent fraudulent copies and scans, offering eight layered features, ensuring that certificates and documents cannot be tampered with or accurately duplicated.

Market Overview

- With the increasing counterfeit cases in countries, the various governments are seeking innovative ideas for new technologies and methods that could help make banknotes more secure and expected to provide new solutions in the market. Furthermore, the coming trend of paper ballots voting systems in the United States increases the growth of security paper.

- The increase in cases of fraud and counterfeiting is driving the market. According to the Australian government, in FY 2018-2019, 121 applications were not processed on suspicion of dishonesty or fraud, and 255 passports were canceled or refused on national security or law enforcement grounds. Moreover, increased counterfeit in the currency, such as in Canada, the number of counterfeits notes detected in circulation USD 5, USD 10, USD 20, and USD 150 is increasing on a yearly basis. The above factor states that the demand for security paper to prevent counterfeiting drives the market.

- Furthermore, the growth in tourism to increase the demand for visas and passports is driving the market. According to the European Travel Commission, the inbound tourism visitor growth n 2021 will increase highly in Middle East, Africa, and Asia-Pacific with 6%, 5.2%, and 4.7%, respectively. This tends to increase the demand for security paper.

- However, the growth in digitization is challenging the market studied to grow efficiently. The increasing investment in digital transformation by various players in every end-user applications is restraining the market from growing. According to Forbes, about 40% of all technology spending in 2019 went toward digital transformation in the coming future.

Regional Analysis:

Asia-Pacific (China, India, Japan, South Korea, Australia, Indonesia, Malaysia, and Others), North America (United States, Canada, and Mexico), Central & South America (Brazil, and Rest of South America), Europe (Germany, France, UK, Italy, Russia, and Rest of Europe), Middle East & Africa (GCC Countries, Turkey, Egypt, South Africa and Other)

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Key Takeaways from Security Paper Report

─Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals

─Understand the different dynamics influencing the Security Paper market - key driving factors, challenges and hidden opportunities.

─Get in-depth insights on your competitor performance - Security Paper market shares, strategies, financial benchmarking, product benchmarking, SWOT and more

─Analyze the sales and distribution channels across key geographies to improve top-line revenues.

─Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.

─Get a quick outlook on the market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.

─Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the Security Paper

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In conclusion, the Security Paper market report presents the descriptive analysis of the parent market supported elite players, present, past and artistic movement information which is able to function as a profitable guide for all the Security Paper Industry business competitors. Our expert research analyst's team has been trained to provide in-depth market research reports from every individual sector which will be helpful to understand the industry data in the most precise way.

Available Customization- The report could be customized according to the client's specific research requirements. No additional cost will be required to pay for limited additional research.

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