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Security Paper Market

Global Security Paper Market Size, Share, Trends, Forecast: By Type: Hybrid Paper, Watermark, Hologram, Thread and UV Fibre, Others; By Applications: Bank Notes, Passports, Identity Cards, Certificates, Legal and Government Documents, Cheques, Stamps, Others; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032

Global Security Paper Market Outlook

The global security paper market attained a value of USD 20.27 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of more than 7.1%.

 

Security Paper Market

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Increasing Demand for Security Paper for Currency and Banknotes Aiding the Market Growth

The rising need to fight counterfeit banknotes is leading to the increased adoption of security paper to print currency and banknotes. The watermarks, holograms, and security threads or fibres are commonly used as features to keep the currency safe. The watermark is primarily used in banknotes as the public can easily recognise it and offers protection against scanners, chemical, mechanical, and reproduction attempts. Also, security fibres are used in addition to a watermark to provide protection against colour photocopying. For instance, the Reserve Bank of India offers currencies with identifiable security features like watermarks and security threads to distinguish them from forged banknotes. The rising cases of counterfeit notes and the need for continuous printing and circulation of currencies to sustain the economy are providing impetus to the security paper market growth. The use of advanced security technologies and printing practices in the production of banknotes are likely to aid the market over the forecast period.

 

Market Segmentation

Security paper or anti-counterfeit paper is a type of paper that helps identify an original document. It comprises of safety features like hologram, UV, watermarks as well as thread. The paper type is used in stamps, banknotes, passports, legal documents, identity cards, and certificates, among others. Security papers are mainly used to minimise and curb piracy and fraud. They also contain other safety standards used to define the original product.

 

Security Paper Market by Type

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The major security paper types can be divided into:

  • Hybrid Paper
  • Watermark
  • Hologram
  • Thread and UV Fibre
  • Others

The security paper market can be broadly categorised based on its applications into:

  • Bank Notes 
  • Passports 
  • Identity Cards 
  • Certificates 
  • Legal and Government Documents 
  • Cheques 
  • Stamps 
  • Others

The EMR report looks into the regional markets for security paper like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.

 

Security Paper Market by Region

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Growing Need for Protection Against Frauds to Drive the Market Growth of Security Paper

The demand for security paper is expected to grow rapidly in the forecast period of 2024-2032. A growing number of frauds is responsible for the increasing demand for security paper. To resolve fraud, the government, as well as other organisations, including banks and passenger agencies, protect their documents using special paper. Additionally, the rise in affordable international tours has resulted in the increased demand for visas and passports, which is also one of the major factors contributing to the growth of the security paper market. The increasing awareness of fraud among the population and the increasing need for counterfeit protection are positively impacting the market growth.

Hybrid paper is the leading type of security paper in the market, whereas the application sector is dominated by the banknotes segment. Hybrid sheets have multiple security features like watermarks, threads, UV fibres or UV printing. Such high security features are used to limit falsifying practices that have resulted in the higher demand for security paper worldwide.

The major factors driving the security paper market growth include technological developments like the development of hybrid paper. Key players are working to innovate highly secure mechanisms and are concentrating on using them in their product portfolio. However, the growing digitisation and the rapid advancements in blockchain technology are expected to adversely impact the market, given the increased security and convenience of digital and online payment options.

 

Key Players in the Global Market for Security Paper

The report gives a detailed analysis of the following key players in the global security paper market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Security Paper Mill, Inc.
  • Ciotola s.r.l.
  • De La Rue plc
  • Fedrigoni S.P.A.
  • Security Papers Limited
  • Giesecke+Devrient GmbH
  • Security Printing & Minting Corporation of India Ltd.
  • Goznak
  • China Banknote Printing and Minting Corporation
  • FNMT-RCM
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Applications, Region
Breakup by Type Hybrid Paper, Watermark, Hologram, Thread and UV Fibre, Others
Breakup by Application Bank Notes, Passports, Identity Cards, Certificates, Legal and Government Documents, Cheques, Stamps, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Price Analysis Historical and Forecast Price Trends- Regional
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Security Paper Mill, Inc., Ciotola s.r.l., De La Rue plc, Fedrigoni S.P.A., Security Papers Limited, Giesecke+Devrient GmbH, Security Printing & Minting Corporation of India Ltd., Goznak, China Banknote Printing and Minting Corporation, FNMT-RCM, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Security Paper Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Security Paper Historical Market (2018-2023) 
    8.3    Global Security Paper Market Forecast (2024-2032)
    8.4    Global Security Paper Market by Type
        8.4.1    Hybrid Paper
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Watermark
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Hologram
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    Thread and UV Fibre 
            8.4.4.1    Historical Trend (2018-2023)
            8.4.4.2    Forecast Trend (2024-2032)
        8.4.5    Others
    8.5    Global Security Paper Market by Application
        8.5.1    Bank Notes
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Passports
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Identity Cards
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Certificates
            8.5.4.1    Historical Trend (2018-2023)
            8.5.4.2    Forecast Trend (2024-2032)
        8.5.5    Legal and Government Documents
            8.5.5.1    Historical Trend (2018-2023)
            8.5.5.2    Forecast Trend (2024-2032)
        8.5.6    Cheques
            8.5.6.1    Historical Trend (2018-2023)
            8.5.6.2    Forecast Trend (2024-2032)
        8.5.7    Stamps
            8.5.7.1    Historical Trend (2018-2023)
            8.5.7.2    Forecast Trend (2024-2032)
        8.5.8    Others
    8.6    Global Security Paper Market by Region       
        8.6.1    North America
            8.6.1.1    Historical Trend (2018-2023) 
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Europe
            8.6.2.1    Historical Trend (2018-2023) 
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Asia Pacific
            8.6.3.1    Historical Trend (2018-2023) 
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Latin America
            8.6.4.1    Historical Trend (2018-2023) 
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Middle East and Africa
            8.6.5.1    Historical Trend (2018-2023) 
            8.6.5.2    Forecast Trend (2024-2032)
9    North America Security Paper Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Security Paper Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5   Others
11    Asia Pacific Security Paper Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Security Paper Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Security Paper Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Security Paper Mill, Inc.
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Ciotola s.r.l.
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    De La Rue plc
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Fedrigoni S.P.A.
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Security Papers Limited
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Giesecke+Devrient GmbH
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    Security Printing & Minting Corporation of India Ltd.
            15.2.7.1    Company Overview
            15.2.7.2    Product Portfolio
            15.2.7.3    Demographic Reach and Achievements
            15.2.7.4    Certifications
        15.2.8    Goznak
            15.2.8.1    Company Overview
            15.2.8.2    Product Portfolio
            15.2.8.3    Demographic Reach and Achievements
            15.2.8.4    Certifications
        15.2.9    China Banknote Printing and Minting Corporation
            15.2.9.1    Company Overview
            15.2.9.2    Product Portfolio
            15.2.9.3    Demographic Reach and Achievements
            15.2.9.4    Certifications
        15.2.10    FNMT-RCM
            15.2.10.1    Company Overview
            15.2.10.2    Product Portfolio
            15.2.10.3    Demographic Reach and Achievements
            15.2.10.4    Certifications
        15.2.11    Others
16    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Security Paper Market: Key Industry Highlights, 2018 and 2032
2.    Global Security Paper Historical Market: Breakup by Type (USD Billion), 2018-2023
3.    Global Security Paper Market Forecast: Breakup by Type (USD Billion), 2024-2032
4.    Global Security Paper Historical Market: Breakup by Application (USD Billion), 2018-2023
5.    Global Security Paper Market Forecast: Breakup by Application (USD Billion), 2024-2032
6.    Global Security Paper Historical Market: Breakup by Region (USD Billion), 2018-2023
7.    Global Security Paper Market Forecast: Breakup by Region (USD Billion), 2024-2032
8.    North America Security Paper Historical Market: Breakup by Country (USD Billion), 2018-2023
9.    North America Security Paper Market Forecast: Breakup by Country (USD Billion), 2024-2032
10.    Europe Security Paper Historical Market: Breakup by Country (USD Billion), 2018-2023
11.    Europe Security Paper Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.    Asia Pacific Security Paper Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    Asia Pacific Security Paper Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Latin America Security Paper Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Latin America Security Paper Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Middle East and Africa Security Paper Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Middle East and Africa Security Paper Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Global Security Paper Market Structure

Key Questions Answered in the Report

The global security paper market attained a value of nearly USD 20.27 billion in 2023.

The market is projected to grow at a CAGR of 7.1% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 37.59 billion by 2032.

The major market drivers are increasing awareness of fraud among consumer groups, growing need for counterfeit protection, and rise in affordable international tours which has resulted in the increased demand for visas and passports.

The key trends driving the growth of the market are technological developments like hybrid paper and major players working to develop highly secure innovations and utilising them in new products.

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

Hybrid paper is the dominant security paper type in the market.

The leading applications in the market include bank notes, passports, identity cards, certificates, legal and government documents, cheques, and stamps, among others.

The major players in the market are Security Paper Mill, Inc., Ciotola s.r.l., De La Rue plc, Fedrigoni S.P.A., Security Papers Limited, Giesecke+Devrient GmbH, Security Printing & Minting Corporation of India Ltd., Goznak, China Banknote Printing and Minting Corporation, and FNMT-RCM, among others.

Analyst Review

The global security paper market attained a value of USD 20.27 billion in 2023, driven by the increasing awareness of fraud among consumer groups and the increasing need for counterfeit protection, rise in affordable international tours, which has resulted in the increased demand for visas and passports. Aided by the growing technological developments like hybrid paper, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 7.1%. The market is projected to reach USD 37.59 billion by 2032.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its types, the security paper industry can be segmented into hybrid paper, watermark, hologram, thread, and UV fibre, among others. The application sectors of the industry include bank notes, passports, identity cards, certificates, legal and government documents, cheques and stamps, among others. The major regional markets for security paper are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Security Paper Mill, Inc., Ciotola s.r.l., De La Rue plc, Fedrigoni S.P.A., Security Papers Limited, Giesecke+Devrient GmbH, Security Printing & Minting Corporation of India Ltd., Goznak, China Banknote Printing and Minting Corporation, and FNMT-RCM, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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