Authored By: Sarah
12 Feb 2021

Security Paper Market Size to Grow by $ 683.00 mn through 2021-2025  

Technavio research projects the security paper market to grow by $ 683.00 mn, accelerating at a CAGR of almost 2% till 2025. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report

Security Paper Market: Key Market Driver

One of the primary factors that will trigger the growth of the security paper market size is Growing global banknote market. This research report provides a comprehensive analysis of all the factors that are likely to propel market growth, taking into account the market trends as well as challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.

Security Paper Market Size to Grow by $ 683 Million through 2021-2025

Security Paper Market: Vendor Analysis

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. De La Rue Plc, DIPA Zrt, DREWSEN SPEZIALPAPIERE GmbH and Co. KG, FEDRIGONI Spa, Giesecke Devrient GmbH, HG Technology Sdn Bhd, Pura Group, FNMTRCM, Rolland Enterprises Inc., and Security Papers Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with a pipeline analysis of vendor operations and the impact of government regulations.

For more insights on this market: Download a Free Sample Report

The Global Security Paper Market is expected to grow by $ 683 million, accelerating at a CAGR of almost 2% during the forecast period. Although the  materials industry is expected to witness mixed growth as a result of COVID-19, the impact of the pandemic on the market in focus is expected to remain POSITIVE. Technavio evaluates the market with a detailed investigation into the market forces, emerging trends, and growth drivers. It also provides competitive benchmarking to equip clients with actionable insights that will help them navigate through the current market scenario. Preview our latest report

"The growing global banknote market will drive the growth prospects for the Security Paper Market in the forthcoming years. 55% of the market growth will originate from APAC during the forecast period," says senior research analyst for the materials industry at Technavio.

Security Paper Market Size to Grow by $ 683 Million through 2021-2025

Security Paper Market: Product Segment Highlights

  • Product Segmentation: Currency note, Passport, and Others
  • The rising economy in Southeast Asian countries such as Singapore, Taiwan, Thailand, and Vietnam are influencing the growth of the banking sector in APAC. The growing banking system and the number of ATMs across the globe are expected to increase the demand for currency notes.
  • China, Japan, and India are the key markets for security papers in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

Security Paper Market Size to Grow by $ 683 Million through 2021-2025

Security Paper Market: Competitive Analysis

  • The Security Paper Market is fragmented due to the presence of several vendors.
  • Market vendors focused on market expansion, innovations, and expansion of distribution networks.
  • De La Rue Plc, DIPA Zrt, DREWSEN SPEZIALPAPIERE GmbH and Co. KG, FEDRIGONI Spa, Giesecke Devrient GmbH, HG Technology Sdn Bhd, Pura Group, FNMTRCM, Rolland Enterprises Inc., and Security Papers Ltd. are some of the major market participants. Although the growing demand will offer immense growth opportunities, factors such as the increasing digitalization of banking systems will challenge the growth of the market participants. 

Technavio provides custom research reports with detailed insights on the impact of COVID-19 with respect to the industry, region, and supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations. Download a Free Sample Report 

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