Increased Focus on Outsourcing Printing of Currencies Drives Growth in Global Banknote Market
Dublin, July 12, 2023 (GLOBE NEWSWIRE) — The “Global Banknote Market 2023-2027” report has been added to ResearchAndMarkets.com’s offering.
The banknote market is projected to witness substantial growth, with a forecasted increase of $1.82 billion during the period of 2022-2027, at a CAGR of 2.97%.
According to the report, one of the major drivers for this market is the increased focus of countries to outsource the printing of currencies. Additionally, the use of durable solutions for printing currencies and the development of various security printing methods will drive significant demand in the market. The market is also driven by the implementation of central bank policies for clean banknotes.
The banknote market is segmented by type into state-owned and commercial banknotes, and by method into intaglio printing, offset printing, and letterpress printing. Geographically, the market is segmented into APAC, the Middle East and Africa, South America, North America, and Europe.
Top Companies Covered:
- BNB Printing House AD
- Bureau of Engraving and Printing
- CCL Industries Inc.
- Central Engraving and Printing Plant
- China Banknote Printing and Minting Group Co. Ltd.
- Crane Co.
- De La Rue plc
- FNMT RCM
- Giesecke Devrient GmbH
- Goebel Capital GmbH
- Hong Kong Note Printing Ltd.
- Joint Stock Co. Goznak
- Koenig and Bauer AG
- KOMORI Corp.
- Orell Fussli AG
- PASABAN S.A.
- Reserve Bank of India
- Security Papers Ltd.
- Security Printing and Minting Corp. Of India Ltd.
- SPS TechnoScreen GmbH
- Valora S.A.
Key Reasons to Purchase:
- Gain a comprehensive understanding of the banknote market
- Stay informed about the latest market trends and drivers
- Assess the growth potential and forecast of the market
- Identify key vendors and their competitive landscape
- Strategize and leverage forthcoming growth opportunities
The report on the banknote market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering key vendors. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
To learn more about the banknote market and access the full report visit https://www.researchandmarkets.com/r/j9rbxg
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