Security paper is a paper which constitutes features that help qualify and identify a document as authentic or original. The use of security paper exemplifies the importance of a document and helps in distinguishing between authentic and counterfeit documents. It is widely used for printing currency, legal, and government documents.
Counterfeiting of documents and currency has augmented over the recent past, resulting in major losses being incurred by companies, governments and individuals. This has increased the demand for the development of various security features, with security paper as the most significant. However, growing digitization in the developed markets emerging economies, which ensures expeditious authenticity of documents, is a major challenge faced by the security paper market.
Security Paper Market Taxonomy
On basis of -security feature, the security paper market is segmented into the following:
On basis of application, the security paper market is segmented into the following:
The hybrid papers make use of inks, threads, and fibers to help distinguish them from ordinary paper. Other security features such as watermarks and holograms are used to minimize the risk of counterfeiting. Tear resistance, threaded paper, UV fibers are used to help withstand wear and tear of documents that require longer lifespan. Standard security papers have a multitoned watermark and is made using cotton, pulp and plastic. This paper is widely used for passports, licenses, tickets, vouchers, vehicle papers, policies, and excise seals. TonerFix security paper is specifically used for laser printing, and maintains the clarity of adhesive tapes Tonefix papers are used for checks, tickets, vehicle papers, contractor ID cards, and transport documents. JetFix security paper, suitable for inkjet printing offers excellent film adhesion and immediately ink absorb, without any smearing. Color pigments are deeply embedded in this paper, making it useful for ID cards, ID papers and visas. The largest application of security paper is currency, which employs multiple security features in the same paper. With growing counterfeiting activities, demand for improved security features have increased.
Security Paper Market Outlook
In 2016, the demonetization drive in India was a major event for the security paper industry. Around 84% of India’s currency was stripped of its status as legal tender and was reprinted. The reprinted currency included new design and added security features. This enabled immense growth of the security paper market in the country. Major players in the security paper market are China Banknote Printing and Minting Corporation, Ciotola S.R.L., Document Security Systems, Inc., EPL House for Security Printing, Security Paper Limited, Sequana Group, De la Rue plc, Giesecke & Devrient, Fedrigoni Group, and Goznak.
Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.[email protected]
Talk to our research consultant to design an exclusive report as per your research needs.
We aim to fulfil client's research demands with tailored research solutions.
We aim to provide research studies in quickest turnaround time and in a much cost effective manner.
We cover each industry from supply and demand side with an aim to provide a most holistic research study.
We strive to provide most accurate and reliable research findings in our research reports.