Security Paper Market Size 2022 – Increasing instances of document counterfeiting are driving industry revenue growth

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The increasing use of legal and government documents that require enhanced security features in a variety of operations is expected to fuel the growth of the industry

NEW YORK CITY, NEW YORK, U.S., May 14, 2022 /EINPresswire.com/ — According to the latest industry analysis report by Reports and Data, the global security paper market is expected to reach a robust size during the forecast period. The report details the key market dynamics including drivers, restraints, opportunities, supply and demand relationships, upcoming market trends, technological innovations, and value chain analysis. Advanced analytical methods such as SWOT analysis, Porter’s five forces analysis and investment analysis have been used by the authors to explain in a deeper level the highly competitive scenario and the scope of development of the security paper industry during the forecast period.

According to a new report by Reports and Data, the global security paper market is expected to reach $24.67 billion by 2026. Security papers contain features that help identify or authenticate a document as an original as opposed to a counterfeit. One of the most common forms of security paper is the watermark and many features have been incorporated to prevent any attempt to tamper with the document e.g. B. when amounts on a check are changed.

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Key Characters:

Major participants include Security Paper Mill Inc., China Bank Note Printing and Minting Corporation, Ciotola SRL, Document Security Systems Inc., Security Paper Limited, Sequana Group, Giesecke & Devrient, Fedrigoni Group, Goznak and Security Printing and Minting Corporation of India Limited among other things.

The revenue growth of the global packaging industry is primarily attributed to the increase in world population, increasing demand for consumer products worldwide, and increasing adoption of eco-friendly and sustainable packaging solutions in various industries such as food and beverage, pharmaceutical, retail, e-commerce, and electronics industry. Increasing imports and exports of goods worldwide, the rapid development of transportation and logistics infrastructure, technological advances in cold chain logistics solutions, and the development of advanced and environmentally friendly packaging raw materials to reduce the carbon footprint are other important factors contributing to the global packaging industry revenue growth.

Other key findings from the report suggest:

• By type, the hybrid paper segment contributed the largest market share in 2018 and is expected to register a CAGR of 6.0% over the forecast period. Hybrid paper’s market dominance is due to its increasing use in applications including banknotes, passports and legal documents, among others. Hybrid papers glow in ultraviolet light and contain special chemical components that prevent chemical and mechanical counterfeiting.
• Banknotes contributed the largest market share by application in 2018 and is expected to register a growth rate of 6.2% over the forecast period, driven by the increasing number of counterfeit banknotes coupled with increasing government initiatives to contain the problem and prevent counterfeit banknotes from circulation brought.
• The market in the Asia-Pacific region dominated the market in 2018 and is expected to grow by 6.7% over the forecast period. The market dominance of the Asia-Pacific region can be attributed to the presence of a huge population and increased spending on legal services in the region.

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This report segments the global packaging industry by product type, application, technology and region. The authors have also implemented many primary and secondary research methodologies to derive crucial data and information about the major regional markets of the global packaging industry including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The report provides key insights into the factors positively influencing revenue growth of each regional market and informs the most lucrative investment opportunities for all stakeholders, investors and customers in these markets. Additionally, the report explains the highly competitive scenario of the security paper industry and highlights the key strategic developments happening in the industry such as mergers and acquisitions, joint ventures, corporate transactions, and partnerships and collaborations.

Regional Outlook (Volume, Kilotons; 2016-2026 and Revenue, USD Million; 2016-2026)

• North America
• Europe
• Asia Pacific
• Latin America
• MEA

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Market segmentation:

For the purpose of this report, Reports and Data has segmented the global security market by type, security feature, application and region:
Type Outlook (Volume, Kilotons; 2016-2026 and Revenue, USDm; 2016-2026)
• Watermark
• Hologram
• Hybrid paper
• Threads
• Other
Security Functions Outlook (Volume, Kilotons; 2016-2026 and Revenue, USD Million; 2016-2026)
• Apparently
• Covert
Application Outlook (Volume, Kilotons; 2016-2026 and Revenue, USD Million; 2016-2026)
• Banknotes
• Passports
• ID cards
• Law & Government
• Other

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Identifying the fundamental business drivers, challenges and tactics:

• The report contains intrinsic details and fluctuating aspects affecting commercial dynamics of Security Paper market along with integral factors of demand increase for the product which has been mapped across major geographic regions.
• This study provides an overview of the diverse applications, business areas and the latest trends that can be observed in the industry.
• Various business challenges and the multiple strategies employed by industry players to successfully commercialize the product were also illustrated.
• The research examines the distribution channels (indirect, direct, marketing) that companies have chosen for the market’s main product distribution and upscale clientele.

Thank you for reading this article. You can also get chapter-by-chapter sections or regional reports for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

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About reports and data:

Reports and Data is a market research and consulting firm offering syndicated research reports, custom research reports and consulting services. Our solutions are solely focused on your purpose of locating, targeting and analyzing changes in consumer behavior across demographics and industries and helping customers make smarter business decisions. We offer market research studies that ensure relevant and fact-based research across a wide range of industries including healthcare, technology, chemical, energy and energy. We are constantly updating our research offerings to ensure our clients are up to date with the latest trends in the market. Reports and Data has a strong base of experienced analysts from different disciplines.

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