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.
Industry Definition and Application:
A security paper is used to authenticate or identify an original document. It is manufactured using natural ingredients, including pulp with ranges of cotton, linen, and hemp fibers alternatively supplemented with abaca and others. It can be categorized into various kinds, such as hybrid papers, watermarks, holograms, threads, and ultraviolet (UV) fibers. Security paper is widely used in cheques, bank notes, passports, stamps, certificates, identity cards, legal and government documents, etc. It assists in preventing the documents from cut, paste forgery, chemical alteration, and high technology counterfeiting. A security paper also aids in minimizing and curbing piracy and fraud by examining patterns printed within the article, metallic threads woven into the form, watermarks, and chemical treatment to indicate tampering.
COVID-19 Impact:
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
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Security Paper Market Trends:
The rising cases of fraud and counterfeiting across the globe are primarily driving the security paper market. Besides this, the escalating product demand, as it consists of watermarks or invisible fibers or features that demonstrate tamper evidence under UV conditions, is further augmenting the market growth. Moreover, the introduction of a hybrid security paper that contains highly secured technologies to limit falsifying practices is also catalyzing the global market. Apart from this, the launch of several policies by the government bodies to produce high-quality forms to strengthen document safety and confidentiality while minimizing counterfeiting is acting as another significant growth-inducing factor. Furthermore, the elevating product requirement in companies and regulatory agencies to effectively restrict misuse of essential records and in manufacturing banknotes and currency is anticipated to propel the security paper market over the forecasted period.
Security Paper Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the security paper market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
Key Market Segmentation:
The report has segmented the security paper market on the basis of type, application and region.
Breakup by Type:
Breakup by Application:
Breakup by Region:
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Key Highlights of the Report:
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