Security Paper Market Size Worth To Reach USD 24.67 Billion By 2026 Says Reports And Data

Increasing incidences of document counterfeiting and fraud are one of the major factors influencing market growth.

NEW YORK, NY, UNITED STATES, September 24, 2021 /EINPresswire.com/ -- The global security paper market is expected to reach USD 24.67 Billion by 2026, according to a new report by Reports and Data. Security papers include features, which assist in identification or authentication of a document as original as opposed to a fake one. One of the most common forms of security paper is the watermark, and there are many features which have been integrated to prevent any attempt to tamper with the document such as when amounts are altered on a cheque.

One of the major factors contributing to the growth of the market is the increasing incidences of document counterfeiting and fraud. In an attempt to curb these fraud attacks, the government along with other organizations including banks, and passport offices, among others are putting in efforts to make their paper works and documents more secure by the deployment of security papers.

An increase in the level of disposable income has been instrumental in the increase in the number of foreign tours, which in turn, has developed higher demand for visas and passports, thereby supporting the growth of the market in the upcoming years. Further, rising awareness about frauds among consumers and the growing need for protection against counterfeiters is expected to boost the market demand in the forecast period.

The mandate of central banks across the globe to protect the integrity of banknotes through new design and security features, assess the demand for banknotes and coins, plan the supply and distribution of sufficient quantity of banknotes and coins and ascertain quality of banknotes in circulation by the timely withdrawal of soiled banknotes which will drive the market growth in the forecast period.

To receive a sample copy of this report, visit @ https://www.reportsanddata.com/sample-enquiry-form/1819

Further key findings from the report suggest:

By type, the hybrid paper segment contributed to the largest market share in 2018 and is expected to have a CAGR of 6.0% in the forecast period. The market dominance of hybrid paper is owing to its increasing deployment in applications, including banknotes, passports, and legal documents, among others. Hybrid papers glow in ultra-violet light and comprise special chemical components, which prevent chemical and mechanical forgery.

By application, banknotes contributed to the largest market share in 2018 and are likely to witness a growth rate of 6.2% in the forecast period, due to growing cases of counterfeit notes coupled with increasing government initiatives to curb the issue and prevent fake notes from being circulated.

The market in the Asia Pacific region dominated the market in 2018 and is expected to grow at a rate of 6.7% in the forecast period. The market dominance of the Asia Pacific region may be attributed to the presence of huge population and increased spending on legal services in the region.

Key participants include Security Paper Mill Inc., China Bank Note Printing and Minting Corporation, Ciotola SRL, Document Security Systems Inc., Security Paper Limited, Sequana Group, Giesecke & Devrient, Fedrigoni Group, Goznak, and Security Printing and Minting Corporation of India Limited, among others.

For the purpose of this report, Reports and Data have segmented the global security market on the basis of type, security feature, application, and region:

Type Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)

Watermark
Hologram
Hybrid Paper
Threads
Others

Security Feature Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)

Overt
Covert

Get Discount On the Purchase of This Report@ https://www.reportsanddata.com/discount-enquiry-form/1819

Application Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)

Banknotes
Passports
Identity Cards
Legal & Government
Certificates
Medical Reports & Prescriptions
Transportation & Logistics
Others

Regional Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)

North America
Europe
Asia Pacific
Latin America
MEA

Ask Our Expert for customization and feasibility@ https://www.reportsanddata.com/request-customization-form/1819

Why should buy this report?

Provides in depth research analysis of the overall Security Paper market. which can help save time for start-up businesses related to the Security Paper Market.

The Security Paper markets latest news, forecast analysis as well as the key competitors of the market are easily available with all the necessary information.

The Security Paper report comprises of graphs, pie charts and other representations that can help the reader understand the information at a glance.

Through the Security Paper report the manufacturers can understand the consumer behavior, business segments as well as sell products-based information provided.

COVID-19 impact on the market and industry as well as the recovery analysis.

Table of Content:

Chapter 1. Market Synopsis

1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique

Chapter 2. Executive Summary

2.1. Summary Snapshot, 2018-2026

Chapter 3. Indicative Metrics

Chapter 4. Security Paper Segmentation & Impact Analysis

4.1. Security Paper Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis

Continued…

Customization on the report is available according to the requirements of the user to ensure maximum utility to the reader and an increased level of comprehensibility.

Speak to Analyst@ https://www.reportsanddata.com/speak-to-analyst-form/1819

Similar Research reports by Reports and Data:

Straw Board Packaging Market Analysis@ https://www.reportsanddata.com/report-detail/straw-board-packaging-market

Greaseproof Paper Market Share@ https://www.reportsanddata.com/report-detail/greaseproof-paper-market

About Us:

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.

Tushar Rajput
Reports and Data
+1 212-710-1370
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn

¹ https://www.reportsanddata.com/report-detail/security-paper-market