Security Paper Market Projected to Hit USD 34.95 Billion by 2034, Expanding at a CAGR of 6.9%

According to a study published by Polaris Market Research, the global security paper market was valued at USD 17.98 billion in 2024 and is predicted to reach USD 34.95 billion by 2034, expanding at a CAGR of 6.9% over the forecast period from 2025 to 2034.

Market Definition:

Security paper is a specialized type of paper embedded with unique features designed to prevent forgery, counterfeiting, and unauthorized alterations. Commonly used for printing sensitive documents, such as banknotes, passports, certificates, and checks, it may include elements including watermarks, security threads, holograms, UV fibers, and microprinting. These built-in safeguards make it difficult to replicate or tamper with, ensuring the authenticity and integrity of important printed materials.

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Key Drivers of the Market:
● The growing prevalence of counterfeiting across multiple industries has become a major driver for the security paper market. As cases of fraud and document forgery continue to escalate globally, there is an urgent need for secure, tamper-evident solutions to protect sensitive documents and maintain authenticity.

● The ongoing global threat of counterfeiting and fraud remains a key market driver. As counterfeiters adopt increasingly advanced techniques, the demand for documents embedded with advanced anti-counterfeiting features continues to grow, prompting widespread adoption of high-security paper solutions.

● The ongoing issuance and replacement of banknotes by central banks worldwide remain a key factor driving demand for security paper. To maintain currency integrity and combat counterfeiting, these notes require a continuous supply of high-security paper equipped with features such as watermarks, security threads, and holographic elements.

Regional Analysis:

Asia Pacific:
Asia Pacific continues to dominate the market, largely due to its large populations in countries such as China and India. These countries generate substantial demand for banknotes, driving high-volume production and circulation, which in turn fuels the need for secure printing materials.

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Major Participants:
The security paper market is highly competitive, with a strong focus on innovation, research, and the development of advanced security features. Major participants in the market include:
• China Banknote Printing and Minting Corporation (CBPMC)
• Crane Currency (Crane NXT)
• De La Rue plc
• Drewsen Spezialpapiere GmbH & Co. KG
• Fedrigoni Group
• Giesecke+Devrient (G+D)
• Goznak
• Landqart AG (Fortress Paper)
• Louisenthal (G+D)
• Real Casa De La Moneda (FNMT-RCM)
• Security Printing and Minting Corporation of India Limited (SPMCIL)

Security Paper Industry Developments
• May 2025: Crane NXT successfully completed the acquisition of De La Rue's Authentication division. The deal, initially announced in October 2024, was finalized for £300 million in cash, strengthening Crane NXT's position in the security solutions market.

• January 2025: Drewsen Spezialpapiere GmbH & Co. KG announced the acquisition of Portals Paper Ltd., a specialist in high-security paper. This strategic acquisition enhances Drewsen's capabilities and expands its presence in the global security paper market.

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Market Segmentation:
By Type Outlook
● Hybrid Paper
● Watermark
● Hologram
● Threads & UV Fiber
● Others

By Application Outlook
● Bank Notes
● Passports
● Identity Cards
● Certificates
● Legal & Government Documents
● Cheques & Stamps
● Others

By Regional Outlook:

● North America
○ US
○ Canada
○ Mexico

● Europe
○ Germany
○ France
○ UK
○ Italy
○ Spain
○ Netherlands
○ Russia
○ Rest of Europe

● Asia Pacific
○ China
○ Japan
○ India
○ Malaysia
○ South Korea
○ Indonesia
○ Australia
○ Vietnam
○ Rest of Asia Pacific

● Middle East & Africa
○ Saudi Arabia
○ UAE
○ Israel
○ South Africa
○ Rest of Middle East & Africa

● Latin America
○ Brazil
○ Argentina
○ Rest of Latin America

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