This Security Paper report encompasses a detailed compilation of this industry and a creditable overview of the market. In short, the study incorporates a generic overview of the market based on its current status and market size in the terms of volume and returns. The study also comprises a summary of important data considering the geographical terrain of the industry as well as the industry players that seem to have achieved powerful status across the Market. The study delivers data pertaining to the market share which each nation in question accounts for, along with promising the growth opportunities anticipated for each geography.
Global Security Paper Market is set to witness a substantial CAGR of 5.75% in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Increasing number of frauds and rising demand for security papers in various applications is the major factor for the growth of this market.
The Security Paper market research report offers a key graph of the procedures being used by them. The report examines and discusses the advancement zones for all of the developments, perceives the topics and key merchants. Security Paper market research report leads the precise, to the point and broad investigation of the actualities related with any subject in the field of marketing. Accordingly, the information of this Security Paper report limits the dangers of vagueness as well as help out in taking quality choices while keeping up the notoriety of the firm and its items.
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Market Definition: Global Security Paper Market
Security paper is used for the security printing which is usually used to identify or verify that documents are original. They are widely used in different types of documents such as government document, birth certificates, academic and qualification document among others. They are usually a watermark, threads, hologram or substrates. These papers are designed in such a way that they usually have high strength and opacity. They are widely used in applications such as certificates, stamps, identity card, passports among others. They are made cotton- fibre and as compared to normal paper it is not easy to tear them and their lifetime is two years.
- Increasing demand for visa and passports due to rising tourism will also drive the market growth
- Rising awareness about frauds among consumer will also drive the market
- Increasing reprinting of legal documents will also drive market
- Technological advancement and development in security paper will also propel the market
- Demonetization of currency notes will also act as a driver for the market
Segmentation: Global Security Paper Market
- Bank Notes
- Identity Cards
- Legal& Government Documents
- North America
- South America
- Asia Pacific
- Middle East & Africa
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Key Developments in the Market:
- In April 2019, Authentix announced that they have acquired Security Print Solutions so that they can expand their tax stamps and increase security technology offering. This acquisition will help the company expand their security technologies so that they can support tax recovery programs for government. This will help the company to strengthen their position in the market.
- In December 2018, International Centre for Automotive Technology with high security features launched their certifications of vehicle and components. The main feature of the certificate is the security paper which is made using ultraviolet ink, troy mark, microprint, pantograph, secure code, print code and digitally print and seal if ICAT. The main aim is to enhance the security of the Central Motor Vehicle Rules certificates.
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Key Market Competitors: Global Security Paper Market
Few of the major competitors currently working in the global security paper market are Giesecke+Devrient, De La Rue plc, Fedrigoni, Security Printing & Minting Corporation of India Ltd., Security Papers Limited, GOZNAK, China Banknote Printing and Minting, Drewsen specialty papers GmbH & Co. KG, Document Security Systems, Inc., Simpson Security Papers, CIOTOLA SRL, Crane Co, Pura Group., EPL-House, SPM – Security Paper Mill, Inc., HG Technology Sdn Bhd.
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