29 May 2019
Visiongain has launched a new packaging report Security Paper Market Report 2019-2029: Forecasts by Component (Substrates, Watermarks, Threads and Holograms), by Application (Bank Notes, Passports, Identity Cards, Certificates, Legal and Government Documents, Cheques and Stamps) Plus Profiles of Leading Companies and Regional and Leading National Market Analysis.
The global security paper market is estimated to be valued at US$12.4 m in 2019 and is expected to record fairly healthy growth rate over the next ten years. The significant growth factor which contributes to the growth of this market is the rise in the cases of fraud. In order to overcome these fraud attacks, the government and the other organisations such as the passport office, banks, and others have made their paperwork and documents more secure by adding suitable clauses. This has positively affected the growth of the market. The other factors that are contributing to the growth of the security paper market are the rise in the disposable incomes, increase in foreign tours which have increased the demand for the official documents such as passports and visas. The consumers are becoming highly aware of the frauds that are occurring and are thus finding out ways to find solutions. The factor that is limiting the growth of the security paper market is the increase in the online transactions, coupled with the rise in digitisation.
The Visiongain report analyst commented "The rise in demand for security paper across several applications such as bank notes and cheques, passports, identity cards, certificates, legal and government documents, and stamps is set to drive the demand of security across the globe. Further, this growth is complemented by an increase in counterfeiting activities and piracy of various products. Also, forging activities of passports, certificates and identity cards have been on the rise in past years."
Leading companies featured in the report who are offering security paper solutions and services include China Banknote Printing and Minting Corporation, De La Rue PLC, Document Security Systems, Drewsen Spezialpapiere GmbH & Co. Kg, Fedrigoni Group, Giesecke+Devrient, Goznak, Real Casa De La Moneda, Security Paper Limited and Security Printing and Minting Corporation of India Limited.
Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to email@example.com or call her on +44 (0) 207 336 6100.
Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.
Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.
Key trend driving the market growth is the rising demand for packaged goods in developing countries such as India and China. Some of the factors that improve the growth of caps and closure markets are increasing demand for bottled water and smaller packaging sizes from end-user industries such as food, beverages and healthcare, as well as growing concerns about product quality and safety.
12 October 2020
Driving beverage packaging developments are beverage companies’ responses to what consumers expect from their beverage packages.
29 July 2020
Favorable government policies, availability of bioplastic raw materials, plenty of suppliers, and environmentally friendly properties are expected to drive global renewable plastic packaging industry over the projected period.
27 July 2020
Packaging Automation Market is Driven by the increasing adoption of robotic technologies such as robotic process automation and automated conveyors.