Banknote Market by Printers and Geography - Global Forecast and Analysis 2019-2023

  • Published: Sep 2019
  • Pages: 137
  • SKU: IRTNTR32106
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The global banknote market size has the potential to grow by USD 2.54 billion during 2019-2023. The growth momentum will accelerate throughout the forecast period, and the market will grow at a CAGR of over 4%.

The implementation of demonetization policies and the use of durable solutions for printing currencies are some of the major factors driving market growth. The US, China, and the UK are currently the significant markets for banknotes.

Banknote Market Report - Key Insights

Banknote-Market-Overview

Scope of this Report

The report provides a detailed analysis of the market by printers and geography. Also, the report analyzes the market’s competitive landscape and offers information on several market vendors.

Banknote-Market-Report-Scope

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Market Segmentation     

Banknote Market by Printers

  • State-owned
  • Commercial

Banknote Market by Region

  • APAC
  • Europe
  • MEA
  • North America
  • South America

Banknote-Market-Report

Market Competitive Analysis

The market is concentrated, and the degree of concentration will decrease during the forecast period. Market vendors are increasingly focusing on the use of novel solutions to improve the durability and lifespan of currencies. CCL Industries Inc., Crane Co., and De La Rue Plc are some of the major market participants. Though the accelerating growth momentum will offer immense growth opportunities, the transition towards a cashless economy will challenge the growth of the market participants. To increase their banknote market share, companies should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this banknote market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and provides information on the products offered by various companies. Moreover, this banknote market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading banknote manufacturers, including:

  • CCL Industries Inc.
  • Crane Co.
  • De La Rue Plc
  • Fábrica Nacional de Moneda y Timbre-Real Casa de la Moneda
  • Giesecke+Devrient Currency Technology GmbH
  • Goznak JSC
  • Oberthur Fiduciaire SAS
  • Orell Füssli Holding AG
  • Security Paper Ltd.
  • Security Printing and Minting Corp. of India Ltd.

Banknote Market: Key Drivers and Trends

The implementation of demonetization policies will be a significant factor in driving the growth of the banknote market. Several governments across the world have enforced demonetization policies to prevent fraudulent activities, such as printing of fake currencies, money laundering, bribery, and corruption by anti-social elements. Demonetization promotes good fiscal health by bringing more liquidity into the economy and curtailing underground economies that are mostly hidden from the financial system. Countries such as Kenya, Jamaica, Poland, Venezuela, Namibia, India, and Pakistan have recently introduced new currency notes to safeguard their economies from money laundering. As demonetization involves the removal of existing currencies from circulation and printing new currencies, its implementation will create immense growth opportunities for players in the banknote market.

  • The use of durable solutions for printing currencies will be one of the critical banknote market trends contributing to market growth.
  • Durable solutions such as pure polymer substrates, hybrid substrates, paper/polymer composites, and superior varnishes and coatings are being used for printing currencies.
  • These novel solutions increase the lifespan of currencies and make them more tear-resistant, waterproof, and impervious to contamination due to folding, soiling, and microorganisms.
  • Currencies printed on polymer substrates also have high-security features, such as see-through window, quill, and serialized numbers that cannot be forged easily.
  • Moreover, currencies printed with durable solutions have fewer mechanical defects and exhibit superior performance in ATMs and automated sorting operations.
  • The increasing demand for polymer substrates and other durable materials for printing currencies will have a positive impact on the growth of the banknote market during the forecast period. 
  • During 2019-2023, the banknote market size will grow at a CAGR of over 4%.

Banknote Market: Segmentation by Region

Banknote-Market-Share-by-Region

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APAC is one of the largest markets for banknote, and the region will offer several growth opportunities to market vendors during the forecast period. The increasing population, implementation of demonetization processes, and outsourcing currency printing are contributing to banknote market growth in this region.

During the forecast period, over 35% of the overall market growth will originate from APAC. However, market growth in this region will be slower than the growth of the market in MEA and South America.

Banknote Market: Segmentation by Printers

Banknote-Market-Share-by-Printers

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Banknotes are usually printed by state-owned printers, also known as state print works (SPWs) of issuing countries. The risks involved in cross-border printing contracts and the importance of preserving national security are some of the factors fueling the growth of the banknote market size in this segment.

However, market growth in this segment will be slower than the growth of the market in the commercial segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the banknote market size.

Banknote Market: Key Highlights of the Report

  • CAGR of the market during the forecast period 2019-2023
  • Detailed information on factors that will accelerate the growth of the banknote market size during the next five years
  • Precise estimation of the global banknote market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the banknote industry across the APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of banknote vendors 

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PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • 2.1 Preface
  • 2.2 Preface
  • 2.3 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY PRINTERS

  • Market segmentation by printers
  • Comparison by printers
  • State-owned - Market size and forecast 2018-2023
  • Commercial - Market size and forecast 2018-2023
  • Market opportunity by printers

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2018-2023
  • North America - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • MEA - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 11: MARKET TRENDS

  • Use of durable solutions for printing currencies
  • Rise in financial inclusion
  • Increased focus of countries to outsource the printing of currencies

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 13: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • CCL Industries Inc.
  • Crane Co.
  • De La Rue Plc
  • Fábrica Nacional de Moneda y Timbre-Real Casa de la Moneda
  • Giesecke+Devrient Currency Technology GmbH
  • Goznak JSC
  • Oberthur Fiduciaire SAS
  • Orell Füssli Holding AG
  • Security Paper Ltd.
  • Security Printing and Minting Corp. of India Ltd.

PART 14: APPENDIX

  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors

PART 15: EXPLORE TECHNAVIO

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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