Security paper can be used for many purposes, including cheque, certificates and banknotes, stamp papers, passports, and identification cards. These security papers are designed to protect documents from being altered by chemical alteration, high-tech counterfeiting, and paste forgery. Security papers can also be available in different types of paper fibers and substrates, which can be used to identify if the document was altered. In order to ensure that no alteration or falsification of documents is possible, security papers often contain substrate materials.

The global Security Paper market was valued at USD 11.25 bn in 2018 and is projected to increase significantly at a CAGR of 5.3% from 2019 to 2028.

The paper industry is expanding globally. The security paper market will grow because of increased demand for security paper. This paper is used to create certificates, checks and banknotes as well as passports, stamp papers, identity cards, passports, passports, banknotes, passports and other items. The forecast period. Security paper is usually made of pulp with cotton or linen fibers. It can also be supplemented with abaca or other materials, depending on its intended use.

Today, it is a challenge to protect our documents from counterfeiting and fraud. Because security paper is made with special features, it makes it difficult to forge documents.

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Security Paper – Market Dynamics
There are many reasons why the market for security papers is expected grow strongly. The growing number of frauds is one of the key factors driving the security paper market’s growth. The fraud was overcome by the government, passport offices, and banks making paper documents more secure. They positively impact the security paper market.

The rise in disposable incomes has made international travel more affordable, which has resulted in a greater demand for passports. This has also contributed to the continued growth of the security papers market. Security paper market will be affected by increased awareness of fraud among consumers and the growing need to protect against counterfeiters.

The huge growth in security paper market can be affected by the rise of online banking and digitalization.

Restraints to Security Paper Market
The market will be restricted by the absence of universal directives regarding the application of security papers during the forecast period. Different directives apply to security paper in different countries. It is difficult for companies to manage these country-specific regulations. This discourages investment into the security paper market and restrains it.

Key Market Segments
Type

Water marks
Holograms
Hybrid paper
Color pigments

Application

Passport / Visa
Banknotes and checks
Identity cards
Legal and authentication government documents
Stamps
Certificates
Others

Key Market Players included in the report:

Infinity Security Papers Ltd
Simpson Security Papers Inc
SPM Security Paper Mill Inc.
HG TECHNOLOGY SDN BHD
Sankt-Peterburgskaya Bumazhnaya Fabrika Goznaka
Troy Group Inc.
Luminescence International Ltd

Recent Developments

+ The September 2018 issue of Real Casa de la Moneda was accompanied by the National Factory of Currency, which offered two stamp series dedicated to cinema. These stamps were introduced into circulation in October 2018.

* SPMCIL, in May 2018, signed a MOU (Memorandum of Understanding) that is growth-oriented with the Department of Economic Affairs and Ministry of Finance for 2018-19. This MOU was built on the principle growth in a global market.

+ Giesecke+Devrient received a contract worth USD 308.3 millions in Egypt in January 2018. Giesecke+Devrient was given the task of designing and developing an integral plant to produce and process banknotes for Egypt by the Central Bank of Egypt.

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