USD 13.9 billion
Banknote Market Size, Share, Growth Analysis, By Type(State-Owned and Commercial), By Application(Intaglio Printing, Offset Printing, and Letterpress Printing), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG40A2014 |
Region:
Global |
Published Date: March, 2024
Pages:
207
|Tables:
61
|Figures:
74
Banknote Market Insights
Banknote Market size was valued at USD 14.44 Billion in 2023 and is poised to grow from USD 15 Billion in 2024 to USD 20.37 Billion by 2032, growing at a CAGR of 3.9% during the forecast period (2025-2032).
The global banknote market is encountering development because of different variables. The ascent in misfortunes originating from counting blunders, damaged notes, and fake money is pushing innovation in the banknote marketplace. Organizations, monetary establishments, and state-run administrations are looking for ways of smoothing out their money by taking care of cycles. This incorporates quicker and more precise strategies for counting and arranging banknotes, which has prompted the reception of mechanized cash dealing with innovations like banknote sorters and counters.
The rise in fake money and monetary misrepresentation has prodded interest in safer banknotes. Fake and fraudulent notes are turning out to be more normal, provoking organizations and monetary foundations to put resources into cutting-edge safety efforts. These actions are pointed toward making it harder for fake money to be distinguished outwardly. Security is currently a first concern for banks and shippers alike. Government and banks are putting resources into cutting-edge security elements to prevent forging and guarantee the uprightness of their monetary forms. As interest in upgraded safety efforts develops, the market for banknotes is supposed to grow further. This pattern mirrors the rising significance put on secure and productive money being taken care of in the present monetary scene. Overall, the global banknote market is supposed to keep developing as economies extend, cash stays a broadly utilized type of payment method, and the requirement for secure and effective money in the executives' arrangements continues.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
State-owned
Fastest Growth
Commercial
Growth Rate
3.9% CAGR
Global Banknote Market ($ Bn)
Country Share for North America Region (%)
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Banknote Market Segmental Analysis
The global banknote market is segmented based on type, application, and region. By type, the market is segmented into state-owned and commercial. By application, the market is segmented into intaglio printing, offset printing, and letterpress printing. By region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
Banknote Market Analysis by Type
In the global banknote market, the largest segment is the state-owned segment. This segment incorporates banknotes given and overseen by governments or national banks for true cash use inside their nations. The state-owned segment will in general rule because of the boundless flow and lawful delicate status of these banknotes, supported by the power and dependability of the responsible government or national banks.
On the other hand, the fastest-growing segment is, in many cases, the commercial segment. The commercial segment encounters fast development driven by elements like expanding interest for modified and marked banknotes for unique occasions, showcasing efforts, and restricted version discharges. Also, advancements in printing innovation empower business elements to create exceptionally point-by-point and outwardly engaging banknotes, drawing in authorities and aficionados.
Banknote Market Analysis by Application
In the worldwide banknote market, the largest portion is commonly balanced printing. This strategy is broadly used for delivering banknotes because of its expense viability, adaptability, and capacity to repeat many-sided plans and security includes precisely.
On the other hand, the fastest-growing segment is, in many cases, intaglio printing. This printing technique is inclined toward its capacity to deliver top-caliber, nitty gritty banknotes with raised surfaces and complex security highlights, making it harder to fake. The rising interest in safer and outwardly engaging banknotes, combined with headways in intaglio printing innovation, drives the development of this section.
Global Banknote Market By Type
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Banknote Market Regional Insights
The North America region had the highest revenue share in the banknote market. The US is at the bleeding edge of the banknote market because many little buys organizations use cash. Likewise, banks and organizations are putting more in security to battle fake cash. The nation's driving position is likewise because it has many money-based ventures and a large chunk of change available for use. North America and Europe additionally hold critical segments of the banknote market, essentially determined by cutting-edge economies like the US and European Association nations. These districts center around creating high-security banknotes with cutting-edge elements to battle falsification.
The fastest growing region for banknotes market is Asia Pacific, driven by nations like China, India, and Japan, which have huge populations and high money utilization. The central point driving the development in the country is the rising interest in cash counters to deal with the rising number of money notes entering the course in the district and the rising need to battle fake cash. Asia Pacific records a significant portion of worldwide banknote creation and flow because of its enormous economies and money-escalating societies.
The Middle East and Africa regions show a developing interest in banknotes, especially because of monetary development and expanding populaces in nations like Saudi Arabia, Nigeria, and South Africa. Notwithstanding, the banknote market in this district is additionally affected by elements like political strength and cash variances.
Latin America is another region seeing development in the banknote market, with nations like Brazil, Mexico, and Argentina driving interest. The market here is affected by elements such as expansion rates, money debasement, and government strategies.
Global Banknote Market By Region
- Largest
- Fastest
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Banknote Market Dynamics
Banknote Market Drivers
Implementation of Central Bank Strategies
- The execution of Central Bank strategies for clean banknotes is outstandingly driving business sector development. Carrying out and rigidly upholding national bank norms for clean banknotes are seen as basic drivers in driving the development of the banknote printing industry. National banks across the world give assurance that the banknotes available for use are perfect and excellent by carrying out the "spotless banknote" strategy. These perfect banknote strategies involve an assortment of cash-the-board activities focused on the effective course of premium-grade banknotes and the evacuation of ill-suited or ruined banknotes.
Rising Security Issues
- The requirement for upgraded security highlights on banknotes, for example, high-level anti-counterfeiting measures, drives requests from governments and national banks to guarantee the honesty and credibility of their monetary standards. Thereby constant innovation in banknote printing and supply is projected to drive market growth.
Banknote Market Restraints
Growing Demand for Online Payments
- Governments across the world are underwriting advanced installments to advance quick use. Civil legislatures in China, for example, have offered vouchers through WeChat Pay. As the economy recuperates, China's progress to a money-light society will permit it to stop the spread of illness by supporting quarantines. The interest in cash as banknotes will diminish as mobile payments pick up pace. The world's biggest number of online exchanges occur in the US. In the USA, market pioneers incorporate PayPal and Google Pay. They have worked on financial exchanges and changed business.
Counterfeiting
- Counterfeit banknotes have been around as long as actual banknotes have been and they have been a major issue for banks and financial institutions around the world. Increasing use of counterfeit banknotes in different parts of the world is slated to hurt banknote market growth in the future.
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Banknote Market Competitive Landscape
The global banknote market is always changing and competitive. Driving organizations in the market incorporate Giesecke+Devrient, De La Regret, Cranes, and Oberthur Fiduciaire. These organizations have practical experience in creating secure banknotes and giving answers to government and national banks around the world. While there are more modest players and provincial producers, the market is to a great extent overwhelmed by the established companies. The competitive landscape is portrayed by an extreme contest among these leading market players, driven by elements like mechanical progressions, evaluating systems, and the capacity to offer creative security highlights.
Banknote Market Top Player’s Company Profiles
- BNB Printing House AD
- Bureau of Engraving and Printing
- 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.
- Reserve Bank of India
- Security Papers Ltd.
- Security Printing and Minting Corp. Of India Ltd.
- The Security Printing Corp. Bangladesh Ltd.
- Valora S.A.
Banknote Market Recent Developments
On February 2024, it is announced that King Charles-III portrait will be printed on the UK’s €5, €10, €20 and €50 note. No other changes will be made to the existing designs.
- In January 2024, Pakistan will present new money notes with upgraded security elements to battle fake monetary standards.
- In November 2023, Magnati, a leading payments company in the Middle East, is engaging shippers by adding another installment technique to its item suite as a team with TerraPay, a main worldwide crossline installments organization, with a sweeping arrival across 7.5Bn+ ledgers, 2.1Bn+ portable wallets, and 29 worldwide licenses and regulatory approvals. This joining permits numerous African guests and occupants in the UAE to advantageously pay for labor and products utilizing their favored computerized wallets. Over the long haul, with more than 50,000 installment terminals tolerating TerraPay-fueled wallets in Africa, Magnati will drive development in the installments business.
- In December 2023, FinTech's new companies are pushing conventional banks to change by utilizing innovation. These new businesses are viewed as a danger to banks, so banks are collaborating with them to remain serious and work on their innovation. The review sees how banks in Turkey work together with fintech firms and in what regions. It found that large banks in Turkey favor joining forces with fintech companies on items as opposed to putting resources into them. They additionally favor working with fintechs in regions other than installment administrations. Youthful fintech new businesses in Turkey, for the most part, center around installment administrations, particularly those situated in Istanbul, and they frequently band together with business banks in this field.
Banknote Key Market Trends
Rising Adoption of Advanced Security Features
- Government administrations and national banks are adding more complex security elements to banknotes to battle forging. These elements incorporate 3D images, exceptional inks, and special examples that make it harder to deliver counterfeit cash.
Cash Handling Automation Technologies
- Organizations and monetary foundations are progressively using computerized advances like banknote sorters and counters to smooth out cash handling and processes. This pattern is driven by the requirement for quicker and more precise counting, arranging, and confirmation of banknotes.
Banknote Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global banknote market analysis, several factors shape the path of the banknote market. The global banknote market is encountering growth because of different elements. One key element is the rising flow of banknotes around the world. As economies develop and populaces increment, there's more popularity for actual cash, driving the creation and course of banknotes. Another element driving the market is the requirement for effective cash management. This incorporates quicker and more precise strategies for counting and arranging banknotes, which has prompted the reception of automated cash dealing with innovations like banknote sorters and counters. State-owned segment holds the highest share, and the commercial segment is growing at a quick pace because their printing techniques are advanced in such a way that they attract most of the collectors. Asia Pacific stands apart as the fastest-growing market sector for banknotes because of its roaring economies and high money utilization. The district's development is powered by elements like populace development, urbanization, and the rising requirement for secure money arrangements. Thus, Asia Pacific is supposed to keep driving the worldwide banknote market within a reasonable time frame. A prominent trend across industries is the adoption of advanced security features which help save people money from theft thus leading to an increase in demand. The competitive landscape of the Banknote market is marked by a diverse range of players competing for market share and prominence. Additionally, the market's competitive nature encourages players to continuously improve their offerings and expand their presence to stay ahead in the rapidly evolving seam tape market.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 13.9 billion |
| Market size value in 2031 | USD 19.61 billion |
| Growth Rate | 3.9% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Banknote Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Banknote Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Banknote Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Banknote Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Banknote Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Banknote Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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