Security Paper Market Production, Revenue, Price, Cost, Gross Margin Analysis and Forecast to 2030 | Key Players China Banknote Printing and Minting Corporation (Beijing), Document Security Systems Inc.(U.S.), De la Rue plc (U.K.)

Concerns Regarding Counterfeiting and Fraudulent Activity to Accelerate the Growth of the Global Security Paper Market

The demand within the global market for security paper has been expanding at a boisterous pace over the past decade. This owes to the seriousness shown by government entities in ensuring that all documentation work is done with high level of security. The market for security paper is also anticipated to grow due to multiple industries endorsing paperwork.

Counterfeiting of documents and currency has augmented over the recent past, resulting in major losses being incurred by companies, governments and individuals. Security paper has increased the demand for the development of various security features.

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The security paper market is projected to register high demand during the forecast period with increasing demand from major end-use industries such as automotive, shipbuilding, aerospace & defense during the forecast period.

A security paper distinguishes a document as original and provides authentication. These types of papers are used in banknotes, legal documents, passports, certificates, stamps, and identity cards. Watermarks are created on the paper and then its printing is carried out. Due to the high circulation of currency in different areas, security papers are widely used. These help in problems related to counterfeiting, duplication, anti-copy, and forgery.

Top Leading Players Security Paper Market 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
• Fedrigoni Group (Italy)

Key Takeaways of the Security Paper Market Study

1. Increased adoption of security papers has enabled companies, individuals, and regulatory agencies to effectively restrict misuse of essential documents.
2. Technological developments such as hybrid paper have emerged to be the major growth drivers for the market.
3. The hybrid paper segment led the market in 2018 owing to its adoption in BFSI applications such as currency notes, passport and visa, and legal documents among others.
4. The currency notes segment leads the market owing to the constant printing, circulation, and reprinting of banknotes, coupled with the rise in a number of cases of counterfeit notes.
5. Asia Pacific leads the market owing to the growing population, high preference for cash transactions, and various government initiatives aimed at rapid expansion of the BFSI infrastructure.

Notable Development Trends to Open up New Horizons of Growth for Security Paper Market

The leading companies in the market are focused on product development as well as the acquisition in the market to enhance the market share in the global market during the forecast period.

1. February 27, 2020 - a leader in anti-counterfeit, authentication and diversion protection technologies and Market Defense, LLC, Document Security Systems, Inc. (DSS) (NYSE American: DSS), announced the launch of the company's AuthentiGuard® Security Paper to the general market.

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Major points covered in the report:

1. An overview of the market, including background and evolution
2. Macroeconomic factors affecting the security paper market and its potential
3. Security Paper Market dynamics, such as drivers, challenges, and trends
4. Detailed value chain analysis of the security paper market
5. The cost structure of the products and segments covered in the study
6. In-depth pricing analysis, by key product segments, regions and by major market participants
7. Analysis of supply and demand, such as top producing and consuming geographies, imports/exports, and overall trade scenario
8. Analysis of the market structure, including a tier-wise categorization of key market participants
9. Competitive landscape of the security paper market, including detailed profiles of the top players in this market

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This release was published on openPR.