The Implementation of Central Bank Policies for Clean Banknotes and the Rise in the Adoption of Durable Solutions for Printing Currency Drives Market Growth

DUBLIN, March 8, 2024 /PRNewswire/ — The “Global Banknote Market 2024-2028” report has been added to ResearchAndMarkets.com’s offering.

The global banknote market is poised for growth, anticipated to expand by USD 1.90 billion during the forecast period of 2023-2028, progressing at a compound annual growth rate (CAGR) of 4.46%.

This growth trajectory is explored in a comprehensive market analysis that covers key dimensions including market size, forecast, trends, growth drivers, and potential challenges, along with a detailed vendor analysis encompassing around 25 prominent market entities.

Factors propelling market growth include the expansion of financial inclusion across demographics, initiatives by central banks to maintain clean banknote circulation, and the increasing adoption of advanced, durable solutions for banknote printing. As the financial landscape evolves, these drivers are critical in shaping the direction of the banknote market.

Segmentation within the banknote market is categorizes the industry based on type, application, and geographic regions:

• By Type – State-owned – Commercial
• By Application – Intaglio Printing – Offset Printing – Letterpress Printing
• By Geographical Landscape – APAC (Asia-Pacific) – Middle East and Africa – South America – North America – Europe

Emerging trends, such as the increased outsourcing of currency printing by countries and innovations in security printing methods, coupled with the deployment of durable printing solutions, are expected to significantly contribute to market demand.

Companies Profiled

• 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 Holdings Co.
• De La Rue PLC
• FNMT RCM
• Giesecke Devrient GmbH
• Hong Kong Note Printing Ltd.
• Joint Stock Co. Goznak
• National Printing Bureau
• Note Printing Australia Ltd.
• Orell Fussli AG
• Reserve Bank of India
• Security Papers Ltd.
• Security Printing and Minting Corp. Of India Ltd.
• SPS TechnoScreen GmbH
• The Security Printing Corp. Bangladesh Ltd.
• Valora S.A.

For more information about this report visit https://www.researchandmarkets.com/r/o9wzyt

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SOURCE Research and Markets