Global Security Paper Market Set to Grow with CAGR of 5.75 % By 2026 With Leadin

Posted by ganesha on November 13th, 2019

Global security paper market By Component (Substrates, Watermarks, Threads, Holograms, Others), Application (Bank Notes, Passports, Identity Cards, Certificates, Legal& Government Documents, Cheques, Stamps, Others)

Market Analysis: Global Security Paper 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 2018 and historic year 2017. Increasing number of frauds and rising demand for security papers in various applications is the major factor for the growth of this market.

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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.

Market Definition: Global Security Paper Market

Global security paper market 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

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

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.

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