The global security paper market size reached US$ 19.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 28.5 Billion by 2028, exhibiting a growth rate (CAGR) of 6.6% during 2023-2028.
A security paper is used to identify or authenticate an original document. It is manufactured using natural ingredients, such as pulp with contents of linen, cotton and hemp fibers alternatively supplemented with abaca and others. Hybrid papers, holograms, watermarks, threads and ultraviolet (UV) fibers are some of the common types of security paper. It is widely used in certificates, cheques, bank notes, passports, stamps, identity cards, and legal and government documents. Security paper assists in preventing the documents from chemical alteration, cut, paste forgery, and high technology counterfeiting. It also aids in minimizing and curbing piracy and fraud by examining watermarks, patterns printed within the paper, metallic threads woven into the paper, and chemical treatment to indicate tampering.
Security Paper Market Trends:
The increasing cases of fraud and counterfeiting across the globe are creating a positive outlook for the market. Security papers are widely used as they consist of watermarks or invisible fibers in paper or features that demonstrate tamper evidence under UV conditions. In line with this, the rising document security concerns among the masses have facilitated the need for counterfeit protection, which is further favoring the market growth. Apart from this, various product innovations, such as the introduction of a hybrid security paper that consists of highly secured technologies to limit falsifying practices, are providing an impetus to the market growth. Moreover, the implementation of various government initiatives focusing on producing high-quality security papers to strengthen document security and confidentiality while minimizing counterfeiting is acting as another growth-inducing factor. Besides this, the widespread product adoption in companies and regulatory agencies to effectively restrict misuse of essential documents, the increasing product demand in manufacturing banknotes and currency, and extensive research and development (R&D) activities are anticipated to drive the market toward growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global security paper market report, along with forecasts at the global, regional and country levels from 2023-2028. Our report has categorized the market based on type and application.
Breakup by Type:
- Hybrid Paper
- Thread and UV Fiber
Breakup by Application:
- Bank Notes
- Identity Cards
- Legal and Government Documents
- Cheques and Stamps
Breakup by Region:
- North America
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.
|Base Year of the Analysis
||Type, Application, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||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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Key Questions Answered in This Report:
- How has the global security paper market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global security paper market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global security paper market and who are the key players?
- What is the degree of competition in the industry?