SECURITY PAPER MARKET ANALYSIS

Security Paper MarketSize and Trends

• 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.
• Europe is a shrinking market for security paper due to increased digitization in both, government and private dealings. Moreover, use of plastic currency i.e. credit and debit cards has reduced demand for paper currency. Sweden is poised to become the first country to shift to completely digitized currency system.
• Africa is estimated to be the significant market of security paper, as low income groups tend to use paper currency due to lack of bank accounts and stable income sources. The Middle East, despite having high public digital penetration lags in business and the surge in digitized government affairs is projected to negatively impact the security paper industry.
• Latin America is witnessing slow growth due to political and social instability in many countries. This has resulted in an economic slowdown in the region, hindering growth of the security paper industry as well.