Global Security threads Market is expected to reach US$ XX Bn by 2026 from US$ XX Bn in 2019 at a CAGR of 5.5 % during the forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
Security threads Definition:
A security thread also called the hologram is an additional security feature that is embedded into the sheet itself. The thread can be either fully embedded or partially embedded creating a windowed effect. Threads can be clear or colored, incorporate color shift, thermochromic properties, friction reactors, invisible fluorescence, and/or other features such as patterns, text, and numbers.
Global Security threads Market Dynamics:
The most serious issue of the new-age banknote is to keep the banknotes with up-to-date security features to prevent the counterfeiting of money. A banknote is paper money, comprising a cardinal bank promissory note to pay someone a particular sum of money on demand. The cardinal bank varies from country to country; they are responsible for issuing the currency of a particular country.
The currencies issued by these banks are Indian Rupee (¬), Australian Dollar ($), British Pound (£), Euro (€), American Dollar ($), and Renminbi (¥) respectively and these currencies are the most tradable in the world. The latest growth in computer technologies and photography, along with the accessibility to low-cost tools, has made the manufacturing of fake money simple and this leads to serious menacing to national financial systems, banking organizations, and customers globally.
Just to stop the counterfeiting of money, every country is updating its currency regularly by adding technical security features to its banknote, which is the main driving factor for the growth of the Global Security threads Market.
The International Hologram Manufacturers Association (IHMA) says that more than half of the people (55 per cent) surveyed by The Dutch National Bank recognized security threads as an effective visual security device for banknotes, despite the introduction of other anti-counterfeiting technologies.
Creators of original products spend huge money and effort to build a market for their products, by addressing years of customer satisfaction and thereby building its goodwill and a brand. Apart from huge funds, advanced product research, and market research, proper positioning of the product in the market is highly essential for effective brand building. This is applicable right from ordinary consumable products to high-value lifesaving medicines for, which security threads are important.
Holography continues to hold a vital place in currency security while at the same time strong interest from banks and central governments for new ways for this versatile and durable technology to be used is boosting the growth of the Global Security threads Market. The annual global volume of banknotes produced is more than 125 billion*, so the reward for security thread producers capable of providing the technology to overcome the technical challenges is potentially highly lucrative.
Global Security threads Market Segment Analysis:
The report groups the Global Security threads Market in different segments By Type, Application, and Region to forecast the revenues and analyze the market share of each segment over the forecast period.
Global Security threads Market
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Based on Application, the Global Security Threads Market is segmented into Currency Notes, Bank Documents, Passports and Visas, and Others. The Currency note segment was dominant in 2019 and is expected to command a market share of xx% by 2026. Because of the ability of new forms of optically variable technologies to displace security threads as a highly effective and low-cost authentication device but other factors are in play too, including their continuing use on existing notes despite the emergence of competing technologies.
Here, the capacity for holography to hold its own against other technologies will depend on pushing the boundaries of innovation even further. For example, its ability to display effects on either side of the note through windows or threads will be a useful benefit. The biggest opportunity will come through growth in the overall usage of banknotes as larger issuing authorities either adopt holograms for the first time or extend their use to further denominations. Countries like India, where the focus in recent years has been meeting the demand for clean banknotes for a rapidly expanding economy, also offer opportunities. Although self-sufficient in banknote printing, it currently imports more than 90 per cent of its paper requirements but with two new paper mills being built, the country may use the opportunity to install short formers for wide thread integration and/ or foil application equipment.
Global Security threads Market Regional Insights:
Global Security threads Market 1
North America is expected to command the largest market share of xx% by 2026
The United States has more emphasis on urban security due to factors such as crime rate, internal stability, police and judicial status, and geopolitical security. United States currency is the most counterfeited currency in the world with Canadian money, these currencies are popular due to their status as a hard currency, similar to gold.
Large numbers of bills in all denominations are counterfeited and passed (given as payment) to unsuspecting merchants and banking institutions. In the past, only large denominations like the $100 and $50 bills were counterfeited. Currently, however, numerous businesses report the receipt of counterfeit $5, $10, and $20 notes with the $20 note being passed with the highest frequency, which is expected to boost the growth of the Global Security Threads Market in the region.
The objective of the report is to present a comprehensive analysis of the Global Security threads Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the Global Security threads Market dynamics, structure by analyzing the market segments and projects Global Security threads Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Security threads Market make the report investor’s guide.
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Global Security threads Market Key Players
• China Banknote Printing and Minting Corporation (CBPM)
• Ciotola S.r.l.
• Crane Co.
• De La Rue PLC
• Dipa Zrt
• Document Security Systems, Inc.
• Drewsen Spezialpapiere GmbH & Co. KG
• Epl House For Printing & Publishing (Libya)
• Fedrigoni SpA
• Gemini Graaphics Pvt. Ltd.
• Giesecke & Devrient GmbH
• Goznak JSC
• HG Technology Sdn Bhd.
• Pura Group
• Real Casa De La Moneda (Fnmt-Rcm)
• Security Paper Mill, Inc.
• Security Papers Limited
• Security Printing & Minting Corporation of India Ltd.
• Simpson Security Papers, Inc.
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