Industry Research by Koncept Analytics
Global Polymer Banknotes Market: Industry Analysis & Outlook ----------------------------------------(2017-2021) May 2017
Global Polymer Banknotes Market: Industry Analysis & Outlook (2017-2021)
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Executive Summary Polymer notes in last few years have become very popular among central banks despite of them being in use since 1988. These notes are primarily used to counter corruption and practice of counterfeit money in an economy. Additionally, polymer notes prove to be more cost effective in long run when compared to the production of paper banknotes because they last at least 2.5 times longer than the paper alternative, which equates to an average of five to six years in circulation. Polymer notes, incorporated with many security features; proves to be more environmental friendly than other types in circulation. Global polymer notes market is progressively increasing at a robust growth rate with various central banks & governments heading towards its adoption. Polymer notes are created using unique bubble process with substrate base film based on a specialized form of Biaxial Orientated Polypropylene (BOPP). Growth factors of the global polymer notes market include increasing banknote production & circulation, cost effectiveness of polymer notes, and accelerating economic growth. Major trends of the market include increasing replacement of old notes, willingness among people to switch to polymer notes, and increased concerns over counterfeit currencies. The market growth is hindered by reduced bargaining power of manufactures, and costly process. The report offers an in-depth analysis of the global polymer note market. The polymer notes market has only two players i.e. De La Rue and Innovia Security Private Limited, which have been profiled in detailed.
Global Polymer Banknotes Market: Industry Analysis & Outlook (2017-2021)
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Switching to polymer notes has proven to be more cost effective in the long run along with other advantages like it being environment friendly, thereby leading to higher adoption. Global Banknotes Market Forecast by Value (2016-2021)
Global Banknotes Issued Forecast by Volume (2016-2021)
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The global banknotes market value reached US$.. billion in 2016, and is further expected to reach US$.. billion by 2021. The market is likely to grow at a CAGR of ..% for the period spanning 2016-2021.
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The volume of banknotes issued worldwide is projected to reach .. billion notes by 2021, increasing from .. billion notes in 2016. The volume of banknotes issued is expected to grow at a CAGR of ..% for the period spanning 2016-2021.
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SPMs accounted for ..% of the total volume of banknote substrate market, followed by CPM with ..% share in total volume in the year 2016.
Global Banknote Substrate Market by Segment (2016)
Global Polymer Banknotes Market: Industry Analysis & Outlook (2017-2021)
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Global Polymer Banknotes Market: Industry Analysis & Outlook (2017-2021)
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