Security Paper Market Segmentation:
Type (Hybrid Paper, Watermark, Hologram, Thread & UV Fiber)
The watermark segment in the security paper market is projected to gain about 32.3% share through 2035. Security paper with watermarks offers vital anti-counterfeiting features. When paper is manufactured, it incorporates special patterns or motifs that are visible when held up to light, guaranteeing authenticity. Multi-tone and digital watermarks are examples of advanced approaches that improve security by incorporating hidden elements that can only be detected in certain situations. These techniques support document integrity by preventing unauthorized replication and protecting confidential data in areas such as money, certificates, and legal papers. Watermark technology is developing at a rapid pace to reduce global counterfeiting attempts.
Application (Currency/Bank Notes, Legal & Government, Passport & Visa, Identity Card, Certificate, Bank Documents, Medical Report & Prescription, Transportation & Logistics)
The currency/bank notes segment in the security paper market is likely to hold a significant share during the forecast period owing to the need for security papers in banks to combat the rising incidence of counterfeit money in both developed and developing nations. The rising population across the globe has led to increased currency in circulation, resulting in the need for more security papers for currencies and banknotes. Other factors such as government initiatives and regulations to reduce currency fraud, high dependency on cash in many countries, and rapid advancements in security features. In November 2021, Germany’s security paper and banknote manufacturer, Louisenthal received an International Security Award 2021 for its RollingStar Lead foil stripe for the Bank of Azerbaijan’s 50 Manat note.
Our in-depth analysis of the security paper market includes the following segments
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