The Security Paper Market market research report acts a milestone in the various market evaluation tools as it evaluates the contenders and their contributions which in turn help the entrepreneurs to keep their organization ahead. The report is constructed utilizing information and data sourced derived from restrictive databases, essential and auxiliary research and in-house examination by group of industry specialists. The entire supply of the market has been clarified with measurable subtleties with an extraordinary accentuation on different upstream and downstream parts. The present pattern relating to the interest supply and deals together with the ongoing improvements have been offered here to give a thorough image of this Security Paper Market market.
Global Security Paper Market is set to witness a substantial CAGR of 5.75% in the forecast period of 2019- 2026. The report contains data of the base year 2019 and historic year 2019. Increasing number of frauds and rising demand for security papers in various applications is the major factor for the growth of this market.
The Security Paper market research report offers a key graph of the procedures being used by them. The report examines and discusses the advancement zones for all of the developments, perceives the topics and key merchants. Security Paper market research report leads the precise, to the point and broad investigation of the actualities related with any subject in the field of marketing. Accordingly, the information of this Security Paper report limits the dangers of vagueness as well as help out in taking quality choices while keeping up the notoriety of the firm and its items.
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Market Definition: Global Security Paper Market
Security paper is used for the security printing which is usually used to identify or verify that documents are original. They are widely used in different types of documents such as government document, birth certificates, academic and qualification document among others. They are usually a watermark, threads, hologram or substrates. These papers are designed in such a way that they usually have high strength and opacity. They are widely used in applications such as certificates, stamps, identity card, passports among others. They are made cotton- fibre and as compared to normal paper it is not easy to tear them and their lifetime is two years.
Market Drivers:
- Increasing demand for visa and passports due to rising tourism will also drive the market growth
- Rising awareness about frauds among consumer will also drive the market
- Increasing reprinting of legal documents will also drive market
- Technological advancement and development in security paper will also propel the market
- Demonetization of currency notes will also act as a driver for the market
Market Restraints:
- Increasing digitization worldwide is restraining the growth of this market
- Strict government regulation related to security paper will hamper the market
- Rising prevalence for online banking among population will also restrain market
Segmentation: Global Security Paper Market
By Component
- Substrates
- Watermarks
- Threads
- Holograms
- Others
By Application
- Bank Notes
- Passports
- Identity Cards
- Certificates
- Legal& Government Documents
- Cheques
- Stamps
- Others
By Geography
- North America
- US
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Rest of South America
- Europe
- Germany
- United Kingdom
- Italy
- France
- Spain
- Russia
- Turkey
- Belgium
- Netherlands
- Switzerland
- Rest of Europe
- Asia Pacific
- Japan
- China
- South Korea
- India
- Australia
- Singapore
- Thailand
- Malaysia
- Indonesia
- Philippines
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Egypt
- Saudi Arabia
- United Arab Emirates
- Israel
- Rest of Middle East & Africa
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Key Developments in the Market:
- In April 2019, Authentix announced that they have acquired Security Print Solutions so that they can expand their tax stamps and increase security technology offering. This acquisition will help the company expand their security technologies so that they can support tax recovery programs for government. This will help the company to strengthen their position in the market.
- In December 2018, International Centre for Automotive Technology with high security features launched their certifications of vehicle and components. The main feature of the certificate is the security paper which is made using ultraviolet ink, troy mark, microprint, pantograph, secure code, print code and digitally print and seal if ICAT. The main aim is to enhance the security of the Central Motor Vehicle Rules certificates.
Competitive Analysis: Global Security Paper Market
Global security paper market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of security paper market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Competitors: Global Security Paper Market
Few of the major competitors currently working in the global security paper market are Giesecke+Devrient, De La Rue plc, Fedrigoni, Security Printing & Minting Corporation of India Ltd., Security Papers Limited, GOZNAK, China Banknote Printing and Minting, Drewsen specialty papers GmbH & Co. KG, Document Security Systems, Inc., Simpson Security Papers, CIOTOLA SRL, Crane Co, Pura Group., EPL-House, SPM – Security Paper Mill, Inc., HG Technology Sdn Bhd.
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