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Global Security Paper Market to Grow at 6.90% During 2022-2027, Propelled by Rising Number of Fraud and Counterfeiting Incidences

Published on Sep 30, 2022

According to the latest report by IMARC Group, titled “Security Paper Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global security paper market is expected to exhibit a CAGR of 6.90% during 2022-2027. Security paper is a type of specialty paper that is manufactured with natural ingredients, such as linen, cotton, hemp fiber, and abaca, or other ingredients in addition to pulp. It is used to identify original documents by authenticating them or identifying them as originals. Essentially, these security papers are designed to prevent documents from being forged by paste, altered chemically, and counterfeited by high-tech means. By examining watermarks, patterns, metallic threads, and chemical treatment to detect tampering, their usage also helps minimize and curb piracy and fraud. Substrate materials are often mixed with security papers to ensure that altering or falsification of documentation is easily detected.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Global Security Paper Market Trends:

The global market is majorly driven by a considerable rise in the number of fraud and counterfeiting incidences. Likewise, the augmenting concerns regarding document security among the masses have contributed to the demand for counterfeit protection, which is propelling the market. Moreover, the widespread adoption of products within companies and regulatory agencies is fueling the market. Additionally, various government initiatives focused on producing high-quality security papers are strengthening document security and confidentiality, thereby creating a positive market outlook. Furthermore, the rapid product utilization in the manufacturing of banknotes and currency is resulting in a higher product uptake on the global level. Some of the other factors contributing to the market include the rising consumer awareness regarding various fraud practices via social media, significant growth in the tourism sector resulting in the escalating demand for visas and passports, the introduction of hybrid security paper variants, and extensive research and development (R&D) activities.

Market Summary:

  • Based on the type, the market has been segmented into hybrid paper, watermark, hologram, thread and UV fiber, and others.
  • On the basis of the application, the market has been divided into bank notes, passports, identity cards, certificates, legal and government documents, cheques and stamps, and others.
  • On the geographical front, the market has been segregated into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico and others), and Middle East and Africa.
  • The competitive landscape of the market has been studied in the report with the detailed profiles of the key players. Some of these players include A1 Security Print Limited, Domtar Corporation, DREWSEN SPEZIALPAPIERE GmbH & Co. KG, Fedrigoni S.P.A., Giesecke+Devrient GmbH, Goznak, HG Technology Sdn. Bhd., Security Papers Limited, Security Printing & Minting Corporation of India Ltd., Simpson Security Papers, and SPM - Security Paper Mill Inc.
     

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