The Latin America, Middle East and Africa Security Paper Market would witness market growth of 7.6% CAGR during the forecast period (2019-2025).
During the years, the demand for security paper in the worldwide economy has grown steadily. This is due to the seriousness shown by governments in ensuring a high level of security for all documentation work. The security paper industry will also grow, as documentation will be supported by several sectors in years to come.
The expansion of the demand for passports & visas is anticipated to boost the printing, circulation and repression and tourism of banknotes, which in turn leads to a growth in the global security paper market. Increased digitalization, however, functions as a barrier to market growth. The use of checks and banknotes is also replaced with e-payment alternatives. In addition, it is projected that stringent laws and regulations will hinder the security paper market growth in the near future, particularly with regard to the number of notes in circulation.
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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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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