“Security Paper Market: Global
Demand Analysis & Opportunity Outlook 2024”
The global security paper market
is segmented into application such as banknotes and checks, passport, certificates,
stamps, identity cards and legal & government documents. Among these
segments, banknotes and checks segment is expected to occupy the top position
in the market. The rise of the banknotes and checks segment is backed due to
increase in forging practices of banknotes. Moreover, growing concerns
regarding duplicity of banknotes and checks is also believed to foster the
growth of security paper market.
Global security paper market is
expected to register a CAGR of 7.4% over the forecast period. Moreover, the
security paper market is believed to be valued at USD 18.97 Billion by 2024.
The market of security paper is expected to expand on the back of favorable
government policies and increasing awareness regarding fraud products.
The holograms segment by paper
type is expected to witness a robust growth over the forecast period i.e.
2017-2024. Further, huge adoption of holograms for providing authenticity of
the product is predicted to flourish the growth of holograms security
paper market by 2024. In terms of geography, Asia-Pacific region
contributed the largest share of revenue in overall security paper market.
Moreover, India is expected to be the fastest growing country in the market of
security paper in this region owing increasing number of forgery and
counterfeit cases.
Mounting
concern regarding the brand protection
Favorable government
initiatives regarding the usage of security paper to prevent counterfeit and rising
concern regarding the brand protection are anticipated to be the dynamic factor
behind the rapid growth of security paper market. Furthermore, initiatives
taken by numerous brands to curb the piracy of their products are also believed
to flourish the growth of security paper market.
Rising
counterfeiting activities
Increasing counterfeiting
activities and piracy of the products across the globe is one the major factor
augmenting the demand for security paper. Additionally, growing number of
fraudulence cases regarding banking services such as bank checks and fake
currency is also impelling the market of security paper. Apart from this, growing
demand for visas and passports due to increasing tourism all over the globe is
expected to supplement the growth security paper market
On the contrary, increasing
online banking activities is anticipated to dampen the growth of security paper
market during the forecast period.
The
report titled “Security Paper Market: Global Demand Analysis &
Opportunity Outlook 2024” delivers
detailed overview of the global security paper market in terms of market
segmentation by paper type, by application and by region.
Further, for the in-depth
analysis, the report encompasses the industry growth drivers, restraints,
supply and demand risk, market attractiveness, BPS analysis and Porter’s five
force model.
This report also provides the
existing competitive scenario of some of the key players of the global security
paper market which includes company profiling of
Sun Chemical Corporation, 3M, TROY GROUP, INC., Cadena, Gemalto, Giesecke &
Devrient, Luminescence International Ltd, Madras Security Printers Private Ltd,
Oriental Security Printing Solutions and TraceTag International. The
profiling enfolds key information of the companies which encompasses business
overview, products and services, key financials and recent news and
developments. On the whole, the report depicts detailed overview of the global security
paper market that will help industry consultants, equipment manufacturers,
existing players searching for expansion opportunities, new players searching
possibilities and other stakeholders to align their market centric strategies
according to the ongoing and expected trends in the future.
About Research
Nester
Research Nester is a leading service provider for
strategic market research and consulting. We aim to provide unbiased,
unparalleled market insights and industry analysis to help industries,
conglomerates and executives to take wise decisions for their future marketing
strategy, expansion and investment etc. We believe every business can expand to
its new horizon, provided a right guidance at a right time is available through
strategic minds. Our out of box thinking helps our clients to take wise
decision so as to avoid future uncertainties.
To know more information: https://www.whatech.com/market-research/consumer/398947-research-focused-on-the-global-security-paper-market-that-is-envisioned-to-register-a-noteworthy-cagr-of-7-4-by-2024
Contact for more
Info:
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Daniel
U.S.
+1 646 586 9123
U.K.
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