Security Paper Market Scope
Security paper is used for security printing which is used to identify or authenticate a document as the original. Security paper is used in many cases such as personal and business checks, government documentation, stock certificates, etc. Increasing cases of fraud and counterfeiting and growth in tourism industry rising demand for visas and passports driving the security paper market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Giesecke & Devrient (Germany), Security Printing and Minting Corporation of India Limited (India), Security Paper Limited (Pakistan), Fedrigoni Group (Italy), Goznak (Russia), Drewsen Spezialpapiere GmbH & Co. KG (Germany), China Banknote Printing and Minting Corporation (China), Document Security Systems (United States), De La Rue plc (United Kingdom) and Real Casa de la Moneda (Spain) |
CAGR | % |
The major players of this market include Amcor PLC, International Paper Company, and Reynolds Packaging, among others drawing on their abundant resources and innovation technologies to maintain the competitive edge. The market also sees the entrance of small, niche companies specializing in a specific area and providing customized solutions. Competition is intense, with companies investing in research and development to create eco-friendly and high-quality packaging that meets the evolving preferences of consumers and regulatory requirements. Research Analyst at AMA estimates that Global Vendors will contribute to the maximum growth of Global Security Paper market throughout the predicted period.
Giesecke & Devrient (Germany), Security Printing and Minting Corporation of India Limited (India), Security Paper Limited (Pakistan), Fedrigoni Group (Italy), Goznak (Russia), Drewsen Spezialpapiere GmbH & Co. KG (Germany), China Banknote Printing and Minting Corporation (China), Document Security Systems (United States), De La Rue plc (United Kingdom) and Real Casa de la Moneda (Spain) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Fortress Paper (Canada), TROY Group, Inc. (United States) and Luminescence International Ltd (United Kingdom).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Security Paper market by Type , by Application (Banknote, Passport/visa, Identity cards, Certificates, Legal & government documents, Stamps and Others) and Region with country level break-up.
On the basis of geography, the market of Security Paper has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In Oct 2019, Fedrigoni S.p.A., an Italian and European leader in the production of specialty papers and high value-added products for packaging and fine printing and self-adhesive labels (“Pressure Sensitive Labels”), has signed an agreement to acquire the Ritrama Group, an Italian multinational group specializing in self-adhesive products
In December 2022, Threatcop, a pioneer in people security management category with an exclusive AAPE framework, is proud to announce the launch of its groundbreaking cybersecurity guide, "People Security," at the prestigious Annual Information Security Service (AISS) 2023 event organized by DSCI. This innovative guide is a testament to Threatcop's commitment to its People Security Management (PSM) category which helps in making people the first line of defense in the ever evolving landscape of cybersecurity.
Influencing Trend:
High Usage of Security paper for Government Documentation and also in the Sale and Purchase of Land and Property
Market Growth Drivers:
Increase in Cases of Fraud and Counterfeiting, Rising Demand for Visas and Passports and Reprinting of Legal Documents
Challenges:
Stringent Government Regulations
Restraints:
Growth in Digitization
Opportunities:
Advancements & Innovation in Technology
Key Target Audience
Security Paper Manufacturers, Security Paper Suppliers/Distributors, Research and Development Organisation, Government Bodies and Potential Investors