Security Paper Market Projected to Reach 16.37 Billion USD by 2021

1. MarketsandMarkets Presents Security Paper Market Projected to Reach 16.37 Billion USD by 2021 https://www.marketsandmarkets.com/Market-Reports/security-paper-market-213540679.html

2. The report "Security Paper Market by Security Feature (Hybrid Papers, Watermarks, Holograms, and Threads), Application (Banknotes, Legal & Government Documents, Certificates, Identity cards, Passport, Checks, and Stamps), and Region - Global Forecast to 2021", The security paper market is estimated to grow to USD 16.37 Billion by 2021, at a CAGR of 6.0% from 2016. Browse 100 market data tables and 37 figures spread through 151 pages and in-depth TOC on "Security Paper Market - Global Forecast to 2021" Request FREE PDF Brochure : https://www.marketsandmarkets.com/pdfdownload.asp?id=213540679 The base year considered for the study is 2015, and the market size is projected from 2016 to 2021. Research Methodology: The research methodology used to estimate and forecast the security paper market begins with capturing data on key vendor revenues through secondary research and associations such as regulatory bodies, Private Security Industry Regularity Authority (PSIRA), and The Centre for International Governance Innovation (CIGI). The vendor offerings are also taken into consideration to determine the market segmentation. A bottom-up procedure was employed to arrive at the overall size of the global security paper market from the revenue of the key players. After arriving at the overall market size, the total market was split into several segments and sub-segments, which were then verified through primary research by conducting extensive interviews with key people such as CEOs, VPs, directors, and executives. These data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments. https://www.marketsandmarkets.com/Market-Reports/security-paper-market-213540679.html

3. Scope of the Report: • The research report segments the security paper market into the following submarkets: • Security PaperMarket, By Application: • Banknote • Passport/visa • Identity cards • Certificates • Legal & government documents • Stamps • Others(incudes prescription papers) • Security PaperMarket, By Feature: • Hybrid paper • Watermark • Threads • Holograms • Others(Others include inks and taggants.) • Security Paper Market, By Region: • North America • Europe • Asia-Pacific • Latin America • Middle East & Africa https://www.marketsandmarkets.com/Market-Reports/security-paper-market-213540679.html

4. Industry Insights: MarketsandMarkets projects that the security paper market size will grow to USD 16.37 Billion by 2021. The security paper market is projected to witness high growth, as a result of the increase in need for protection against counterfeiters, printing, circulation and reprinting of notes, printing of legal documents, and growth in tourism industries. This report has been segmented on the basis of application, security feature, and region. On the basis of application, it is segmented into banknotes, passport/visa, identity cards, certificates, legal & government documents, stamps, and others. The banknotes segment is projected to be the fastest-growing application in the security paper market during the forecast period. The necessity for banknote printing, circulation, and reprinting is the driving factor for the this market. Moreover, growth in tourism and reprinting of legal documents is a driving factor for the growth in application of the this market. Request FREE Sample Pages: https://www.marketsandmarkets.com/requestsample.asp?id=20213540679 The security paper market, on the basis of security feature, has been segmented into hybrid papers, watermarks, holograms, threads, and others (inks and taggants). Hybrid papers such as polymer papers are commonly used for banknotes and security documents due to their quality and ease of printing. The hybrid paper segment is projected to be the fastest-growing, as it forms the major base in security papers. Hybrid papers   have special security features such as watermarks and threads embedded in them at the time of production. Thus, these papers are highly used in any kind of security documentation. https://www.marketsandmarkets.com/Market-Reports/security-paper-market-213540679.html

5. Industry Leaders: Factors such as growing digitization restrict the growth of the market. The key players in the security paper market include Giesecke & Devrient (Germany), Sequana Group (France), Security Papers Limited (Pakistan), Fedrigoni Group (Italy), and De la Rue plc (U.K .). These players have adopted various strategies to expand their global presence and increase their market share. New product launches, & expansions & investments are some of the major strategies adopted by the market players to achieve growth in this market. Geographical Scenario: Europe dominated the global security paper market, this market have widely been constructed across all major countries of Europe, such as Germany, Spain, the U.K., Russia, Italy, and France. Due to technological developments in Germany and the U.K., the security paper market in these countries is projected to grow at a higher rate than other European countries. The growth in development and rise in per capita income are factoring the growth in use of security paper in these countries. Asia-Pacific is projected to grow faster than other region-level markets. This is because of the high population in the country, along with expected new building constructions and infrastructural activities in the next ten years. Countries in Asia-Pacific such as India and China record high usage of banknotes due to their high population. Demonetization has driven the demand for banknote printing in India. Also, the demand for passport and visa is high in these countries, because of higher migration to foreign countries for jobs and higher studies. https://www.marketsandmarkets.com/Market-Reports/security-paper-market-213540679.html

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