The Asia Pacific Security Paper Market would witness market growth of 8% CAGR during the forecast period (2019-2025).
Asia Pacific security paper market growth is linked to rising income, expanding tourism industry, and rising banknote printing and reprinting in the region. Moreover, the growing demand for security papers such as government IDs, legal & government documents, and other documents also drives India's demand for security papers. Demand is also fuelled by the increasing hologram industry for consumer protection from falsified products.
In recent times, it is essential to use some facility to authenticate the original documents as a result of an increase in fraud and fake documents, which is an important factor in the growth of the global market for security papers. In addition, an increase in knowledge among consumer groups of fraudulent transactions with media support has allowed the growth of operations like printing, circulation, and repressing banknotes, the increased request for visas and passports as a consequence of the development in tourism, and the replication of legal products may further add to the development of the market during the forecast period.
Based on Type, the market is segmented into Hybrid Paper, Watermark, Hologram, Thread & UV Fiber and Others. Based on Application, the market is segmented into Currency Notes, Bank Documents, Medical Reports & Prescription, Identity Cards & Certificates, Legal & Government, Passports & Visas and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Giesecke & Devrient GmbH, De La Rue PLC, Security Printing and Minting Corporation of India Limited, Security Paper Limited, China Banknote Printing and Minting Corporation, Drewsen Spezialpapiere GmbH & Co. KG, Document Security Systems, Inc., Fabric (BC) S.p.A., Simpson Security Papers, Inc. and Goznak FGUP.
Market Segmentation:
By Type
By Application
By Country
Companies Profiled
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