Press release
Banknote Market Forecast 2024-2033 - Major Trends, Segments And Fastest Growing Regions | Banque de France, Barry-Wehmiller Companies, Giesecke+Devrient GmbH, Bank of Canada
Banknote Global Market Report 2024
As per the report, the banknote market size has grown strongly in recent years. It will grow from $12.50 billion in 2023 to $13.15 billion in 2024 at a compound annual growth rate (CAGR) of 5.2%. The banknote market size is expected to see exponential growth in the next few years. It will grow to $16.27 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%.
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What Is Driving The Growth Of The Global Banknote Market?
Surge In Cash Transactions Drives Growth In The Banknote Market
The growing cash transactions are expected to propel the growth of the banknote market going forward. A cash transaction is a financial exchange where payment is performed with physical currency, usually coins or banknotes. The increase in cash transactions is due to economic instability, use in the informal economy, security concerns, and small transactions. Banknotes facilitate cash transactions by providing a universally accepted and convenient medium of exchange.
What Is The Key Trend In The Global Banknote Market?
Advancements In Polymer Banknote Technology For Enhanced Security And Durability
Major companies operating in the banknote market are focused on developing advanced products, such as commemorative polymer banknotes, to enhance security features and extend the lifespan of currency. Commemorative polymer banknotes are a type of currency printed on polymer, increasing durability and wear and tear adaptability. These banknotes frequently have unique designs and themes that commemorate historical events, cultural heritage, or influential people, making them usable currency and collector items.
How Is The Global Banknote Market Segmented?
The banknote market covered in this report is segmented -
1) By Type: State-Owned, Commercial
2) By Material: Paper, Polymer
3) By Application: Intaglio Printing, Offset Printing, Letterpress Printing
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How Is The Competitive Landscape Of The Global Banknote Market?
Major companies operating in the banknote market are Banque de France, Barry-Wehmiller Companies, Giesecke+Devrient GmbH, Bank of Canada, THE ROYAL MINT LIMITED, SICPA HOLDING SA, Bundesdruckerei GmbH, De La Rue plc, Crane Currency, Landqart AG, Note Printing Australia Limited (NPA), Orell Füssli AG, Oberthur Fiduciaire, Hueck Folien GmbH, CCL Secure, Banknote World, Hungarian Banknote Printing Company, Polish Security Printing Works, Arjowiggins Security, Advast Suisse AG, South African Bank Note Company, Tumba Mill
Contents Of The Global Banknote Market
1. Executive Summary
2. Banknote Market Report Structure
3. Banknote Market Trends And Strategies
4. Banknote Market - Macro Economic Scenario
5. Banknote Market Size And Growth
…..
27. Banknote Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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