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Home | Search Global IT News: IT News & Press Release Distribution: Security Paper Market worth $14.8 billion by 2023   (IT-NEWSWIRE.COM, May 31, 2022 ) The report "Security Paper Market by Component (Substrates, Watermarks, Threads, and Holograms), Application (Banknotes, Passports, Identity Cards, Certificates, Legal & Government Documents, Cheques, and Stamps), and Region - Global Forecast to 2023" The security paper market is projected to grow from USD 11.4 billion in 2018 to USD 14.8 billion by 2023, at a CAGR of 5.42% during the forecast period. The rising demand for security paper in several applications such as bank notes, legal & government documents, certificates, identity cards, passports, cheques, and stamps, which are authenticated by watermarks, holograms, and security inks is projected to boost the market growth during the forecast period. Other factors such as increasing tourism, the growing demand for highly secured documents, the rising demand for printing, reprinting, and circulation of banknotes, and the rising instances of fraud, and counterfeiting incidences have driven the demand for security papers across various applications. Download PDF brochure of the Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=213540679 In terms of value, the watermark segment is projected to grow at the highest CAGR from 2018 to 2023. The watermark segment of the security paper market is projected to grow at the highest CAGR during the forecast period, in terms of value. The growth of this segment is attributed to the increased used in security papers, particularly in postage stamps, currency, and other security documents. Watermarks mainly comprise two types, visible watermark and invisible watermark. A visible watermark is a semi-transparent text or image overlaid on the original image. It allows the original image to be viewed, but it still provides copyright protection by marking the image as its owner’s property. An invisible watermark is an embedded image, which cannot be perceived with human eyes. Only electronic devices or specialized software can extract the hidden information to identify the copyright owner. In terms of value and volume, the bank notes segment is estimated to lead the security paper market in 2018. Bank notes, one of the major applications of security paper, is generally manufactured from cotton-fiber paper, polymer, or hybrid paper. This makes banknotes more security and resistant to wear and tear compared to common paper. Nowadays, special types of polymers are used for manufacturing banknotes, as they have better shelf life than paper notes and are resistant to fire and water. To prevent counterfeiting, the government of each country incorporates numerous security features in banknotes. Watermarks, holograms, security threads, intaglio printing, and inks are some of the security features that are inserted in banknotes during the manufacturing process. The constant printing, circulation, and reprinting of banknotes, coupled with the rise in a number of cases of counterfeited notes, are projected to drive the demand for security papers for banknotes. Don't miss out on business opportunities in Security Paper Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=213540679 Browse in-depth TOC on "Security Paper Market” 102 - Market Data Tables 37 - Figures 156 - Pages Asia Pacific region is projected to account for the largest share in the security paper market during the forecast period The Asia Pacific region is projected to lead the security paper market, in terms of both, value and volume, from 2018 to 2023. The growth of the Asia Pacific security paper market is attributed to the rising income, growing tourism industry, and the increasing printing and reprinting of banknotes in the region. In addition, the increasing demand for security papers such as government IDs, legal & government documents, and other documents is also driving the demand for security papers in India. The demand is also driven due to the growing hologram market for security and protection of consumers from counterfeit products. Giesecke+Devrient (Germany), De La Rue plc (UK), Fedrigoni Group (Italy), Security Printing and Minting Corporation of India Limited (India), Real Casa de la Moneda (Spain), Security Paper Limited (Pakistan), Goznak (Russia), China Banknote Printing and Minting Corporation (China), Drewsen Spezialpapiere GmbH & Co. KG (Germany), and Document Security Systems (US) are key players operating in the security paper market. Expansions, acquisitions, investments, and new product developments are some of the major strategies adopted by these key players to enhance their position in the security paper market. Get Sample Pages of This Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=213540679 About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. 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