Security Paper Market : Emerging Growth Factors and In-depth Study on Market Size Trends

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.

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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.

Security Paper Market Outlook

Asia Pacific is the largest market for security paper, as the largely populated countries -India and China are present here. The use of security paper across all applications is swiftly increasing in these countries, with currency printing being the largest application. With increasing population and strong economic growth, the security paper industry in Asia Pacific, is expected to flourish over the forecast period. North America is the second largest market for security paper. The US dollar is the world's most used reserve currency and the most traded currency in the foreign exchange market.

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.

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