Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.
Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.
We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.
In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months. Request Insights
Global Security Paper Market Overview
Security paper or anti counterfeit paper refer to a type of paper which can distinguish a document as original. These papers are inhibited with security features such as holograms, UV printing, watermarks and threads. These types of paper are used in banknotes, legal documents, passports, identity cards, stamps, certificates and others. Security papers are used to reduce and curb the piracy and fraudulence practices. Further, it incorporates some security standards which are used to identify original product. The market share of security paper is rising due to the increased adoption of security paper among the consumers as they offer various security features. For instance, hybrid papers have multiple security features such as watermarks, threads, UV fibers or UV printing. These high security features used to restrain the forgery activities which have led to the higher demand of security papers across the globe.
Market Size and Forecast
The global security paper market is anticipated to flourish at a CAGR of 7.4% over the forecast period. Further, the global security paper market is anticipated to reach USD 18.97 Billion by the end of 2024. Riding on the back of the need to curb the forgery and counterfeit practices, the global security paper market is expected to witness a significant growth over the forecast period.
Asia-Pacific captures the largest market share of security printing in terms of demand. Factors such as rising disposable income and increasing awareness about fraudulence of the product in the developing countries of Asia Pacific such as China, India and others are expected to bolster the demand for security printing. Further, Asia Pacific is expected to continue its dominance over the forecast period 2017-2024. Moreover, India is anticipated to have a fastest growth rate in the Asia-Pacific region.
North America is anticipated to witness the robust growth of security printing market owing to rising consumer awareness in the region. Further, Latin-America is projected to showcase a significant growth over the forecast period. Moreover, Brazil is likely to account for highest CAGR in the Latin-America region.
Europe region consumed around 27% of total global security paper market in 2016. However, the European market is escalated to grow at a modest growth rate owing to its average economic performance.CLICK TO DOWNLOAD FREE SAMPLE REPORT
Further, Middle East region is also expected to be one of the fastest growing markets during the forecast period.
Market Segmentation
Our-in depth analysis of the global security paper market includes the following segments:
By Paper Type:
By Application:
By Region
Growth Drivers and Challenges
The growing demand for security papers across the globe is driven by increasing counterfeiting activities and piracy of the products. Further, forging activities of passports, certificates, identity cards have been on a rise in recent past years. These rising counterfeiting activities are likely to grow the demand for security paper over the forecast period. Moreover, increasing fraudulence related to banking services such as bank checks and fake currency notes is believed to be the dynamic factor behind the growth of security paper in bank sectors.
Further, strict government regulation regarding the use of security papers to prevent fraud is also envisioned to bolster the global security paper market. Besides this, rising concern regarding the brand protection is anticipated to be one of the growth drivers of global security paper market. Moreover, piracy of premium products incurs huge losses to the company. Further, in order to tackle the piracy of products, companies are adopting security papers.
However, rising digitization trend is anticipated to restrain the growth of global security paper market. Increasing online banking activities is believed to dampen the growth of global security paper market.
Key Players
Scope and Context
Overview of the Parent Market
Analyst View
Segmentation
The global security paper market is segmented as follows:
Market Dynamics
Supply & Demand Risk
Competitive Landscape
Porter’s Five Force Model
Geographical Economic Activity
Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent Trends and Developments
Industry Growth Drivers and Challenges
Key Information for Players to establish themselves in current dynamic environment
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