IMARC Group, a leading market research company, has recently released a report titled “Security Paper Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global security paper market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the security paper market?
The global security paper market size reached US$ 19.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 28.5 Billion by 2028, exhibiting a growth rate (CAGR) of 6.6% during 2023-2028.
What is security paper?
A security paper is used to authenticate or identify an original document. It is manufactured using natural ingredients, including pulp with ranges of cotton, linen, and hemp fibers alternatively supplemented with abaca and others. It can be categorized into various kinds, such as hybrid papers, watermarks, holograms, threads, and ultraviolet (UV) fibers.
Security paper is widely used in cheques, bank notes, passports, stamps, certificates, identity cards, legal and government documents, etc. It assists in preventing the documents from cut, paste forgery, chemical alteration, and high technology counterfeiting. A security paper also aids in minimizing and curbing piracy and fraud by examining patterns printed within the article, metallic threads woven into the form, watermarks, and chemical treatment to indicate tampering.
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What are the emerging trends in the security paper industry?
The rising cases of fraud and counterfeiting across the globe are primarily driving the security paper market. Besides this, the escalating product demand, as it consists of watermarks or invisible fibers or features that demonstrate tamper evidence under UV conditions, is further augmenting the security paper market growth.
Moreover, the introduction of a hybrid security paper that contains highly secured technologies to limit falsifying practices is also catalyzing the global market. Apart from this, the launch of several policies by the government bodies to produce high-quality forms to strengthen document safety and confidentiality while minimizing counterfeiting is acting as another significant growth-inducing factor.
Furthermore, the elevating product requirement in companies and regulatory agencies to effectively restrict misuse of essential records and in manufacturing banknotes and currency is anticipated to propel the security paper market over the forecasted period.
Who are the key players operating in the industry?
The report covers the major market players including:
- A1 Security Print Limited
- Domtar Corporation
- DREWSEN SPEZIALPAPIERE GmbH & Co. KG
- Fedrigoni S.P.A.
- Giesecke+Devrient GmbH
- HG Technology Sdn. Bhd.
- Security Papers Limited
- Security Printing & Minting Corporation of India Ltd.
- Simpson Security Papers
- SPM-Security Paper Mill Inc.
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What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
- Hybrid Paper
- Thread and UV Fiber
Breakup by Application:
- Bank Notes
- Identity Cards
- Legal and Government Documents
- Cheques and Stamps
Breakup by Region Analysis:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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