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Factors such as growing awareness about the frauds in consumer groups, increasing demand for reprinting the official documents, rising usage of security features such as holograms, water marks etc, and growth in band protection are fuelling the market growth. Furthermore, increase in the anti counterfeiting technologies and technological advancements provide abundant growth opportunities for the market during the forecast period. However, rising digitization is hampering the market growth and strict government regulations are hampering the market growth.Request for sample here: http://www.strategymrc.com/report/security-paper-market/request-sample
Security paper is used to authenticate or identify a document as original. Security papers are used to reduce and control the piracy and fraudulence practices. It is one of the simplest ways of detecting counterfeiting, forgery, alteration and other forms of document fraud. It is widely used for printing currency, legal, and government document.
Based on Security feature, hybrid paper segment is projected to be the fastest-growing segment due to the need for safeguarding security documents from anti-counterfeiting technologies. It can be used in any kind of security records and to reduce the risks with the security features such as holograms, watermarks and threads. By Application, bank notes segment is expected to grow at a highest CAGR during the forecast period. The growth of this segment can be attributed to printing and reprinting of currency notes, increasing demand of photocopying official documents and circulation of money.
By Geography, Asia-Pacific is dominating the market during the forecast period due to increased usage of security paper, strong population growth, rising awareness of counterfeiting in the countries such as India and China.
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Some of the key players in Global Security Paper market are Sequana Group, Fedrigoni Group, Goznak, Document Security Systems, Inc., Security Paper Mill, Inc., Pura Group, Sequana Group, De La Rue PLC, Fortress Paper Ltd, Drewsen Spezialpapiere GmbH & Co. Kg, China Banknote Printing and Minting Corporation, EPL House for Security Printing, Ciotola S.R.L, HGT Global, Shandong Hirun Paper Co., Ltd and Crane & Co.
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Security Features Covered:
• Threads
• Holograms
• Hybrid Papers
• Watermarks
• Micro-printing
• UV Fibers
• Heavy Stock
• Tear Resistant
• Chain Bolt (Single-Ended Type)(CBS1)
• Other Security Features
Applications Covered:
• Passport/Visa
• Identity Cards
• Legal & Government Documents
• Bank Notes
• Stamps
• Certificates
• Currency
• Cheques/Checks
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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