Banknote Market to Grow USD 2.47 Billion at 4.18% CAGR | The growing use of sustainable solutions for currency printing is a key trend

Our research report on ” Banknote Market by Printer Type and Geography – Forecast and Analysis 2021-2025 has broadly covered the factors influencing the growth potential of the parent market in the coming years, which will determine the market share growth levels over the forecast period.

Key Highlights of the Banknote Market Report

  • Estimated annual growth rate in 2021: 3.56%
  • Key Market Segments: Printer Type (Public and Commercial) and Geography (APAC, North America, EuropeAME and South America).
  • Key consumption region and contribution: North America 31%

Ticket Market Scope

Report cover

Details

Page number

120

Year of reference

2020

Forecast period

2021-2025

Growth momentum and CAGR

Accelerate at a CAGR of 4.18%

Market Growth 2021-2025

$2.47 billion

Market structure

Fragmented

Annual growth (%)

3.56

Regional analysis

APAC, North America, Europe, MEA and South America

Successful market contribution

North America at 31%

Main consumer countries

USA, China, UK, India and Germany

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

BNB Corp., CCL Industries Inc., Crane Co., De La Rue Plc, FNMT-RCM, Giesecke + Devrient GmbH, Joint Stock Company Goznak, Oberthur Fiduciaire SAS, Orell Fussli Holding AG and Security Papers Ltd.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, Impact of COVID-19 and Future Consumer Dynamics, Market Condition Analysis for the forecast period.

Personalization area

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Ticket market trend

  • Using sustainable solutions to print currencies

The use of sustainable solutions, including pure polymer substrates, hybrid substrates, paper/polymer composites, and premium varnishes and coatings, has grown in importance over the use of conventional paper notes these last years. The solutions are more tear-resistant, waterproof, and more impervious to contamination from folding, soiling, and microorganisms. In addition, they help to improve the life of currencies. Additionally, currencies printed on polymer substrates are highly secure while being equipped with additional features including a transparent window, nib, and serial numbers. This will further lead to currency reprints, in turn driving the growth of the market over the forecast period.

Ticket Market Challenge

  • Transition to a cashless economy

The market has seen a transition from metal coins to paper notes and from bank accounts to e-wallets. Different electronic payment method options include online banking, digital e-wallets, and mobile banking. Factors such as the increasing discounts available on mobile wallets, increased convenience, faster transactions, and the elimination of the need to carry cash have encouraged people to use digital payment platforms. There has been a significant increase in the use of debit and credit cards for payments. The increase in the number of cashless payment transactions by consumers poses a threat to banknotes.

Get a free sample for in-depth information on major market drivers, trends, and challenges influencing the Banknote market.

Overview of the main vendors in the market
The banknote market is fragmented and vendors are deploying organic and inorganic growth strategies to compete in the market. For example, BNB Corp. offers banknotes under the OVI brand.

Some of the major vendors in the market are:

  • BNB Corp.
  • CCL Industries Inc.
  • Crane Co.
  • De La Rue Plc
  • FNMT-RCM
  • Giesecke + Devrient GmbH
  • Joint stock company Goznak
  • Oberthur Fiduciaire SAS
  • Orell Fussli Holding SA
  • Security Documents Ltd.

For more detailed highlights on product offerings and growth strategies adopted by other vendors, Download a free sample report

  • Analysis of Key Segments by Printer Type

The government-owned printer type segment held the largest banknote market share in 2020. The global banknote market is expected to remain dominated by this segment during the forecast period owing to the l importance of preserving national security.

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Regional Market Analysis
North America has become the largest regional revenue-generating banknote market segment. 31% of market growth will come from North America during the forecast period. The United States is the main market for banknotes in North America. In addition, APAC will also contribute to the growth of the market owing to the high demand for banknotes from its large population base. WE, ChinaUK, Indiaand Germany are some of the major revenue-generating economies in the banknote market.

Ask for our free sample for additional highlights and key segments expected to impact the market during the forecast period.

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