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Title: Global Banknote Market Report: 2015 Edition - New Report by Koncept Analytics


1
Global Banknote Market Report
----------------------------------------- 2015
View Report Details
2
View Report Details
  • Executive Summary
  • Banknote is a promissory note which is issued by
    banks that is payable on demand to the bearer.
    The production and distribution of new banknotes
    and destruction of the unfit banknotes is the
    responsibility of the central bank of the
    respective countries. The demand for banknotes
    and substrate is fulfilled by state print works
    (SPW), state paper mills (SPM) and handful number
    of commercial print and paper manufacturers. SPWs
    and SPMs can also turn in to commercial providers
    to cater the unmet demand for banknotes.
  • As per the global banknote market, the demand for
    banknotes will continue to grow globally with
    varied demand growth across different countries
    as per their economic conditions. The production
    and issuance of banknotes are impacted by
    decisions of the central banks. Despite the
    increase in usage of electronic mode of payment,
    demand for holding cash remains strong. During
    the period of financial crisis, cash appear to be
    the only reliable source and the demand for cash
    at that point of time rises sharply due to the
    faith of people in real currency. The central
    banks, governments and commercial organizations
    depend on currency manufacturers and their
    products to deliver security and confidence to
    combat counterfeiting and illicit trade of
    banknotes. Hence, with latest banknote technology
    there lies a bright future for cash.
  • The key trends observed in the market include
    adoption of polymer banknotes, change in behavior
    of customers and color changing, as a dominant
    security feature in banknotes. But there are
    certain challenges too which include
    counterfeiting security issues, overcapacity
    leading to pricing pressure and rise of digital
    or cashless payment among others. The markets
    main growth drivers include financial instability
    of the economy, GDP of the economy and retirement
    of banknotes.
  • The report provides a comprehensive study of the
    global banknote market. The industry comprises
    few large players such as De La Rue, Geisecke
    Devrient (GD) and Fortress Paper. All these
    companies have been profiled in the present
    report highlighting their key financials and
    business strategies for growth.

3
Color changing feature, both in print and thread,
is widely used in the banknotes.
Global Print Market Overspill on Order Basis
(2009-2015E)
  • Global print market by overspill on the basis
    of order is billion banknotes in 2014,
    increasing three-fold when compared to billion
    banknotes in 2013 after experiencing a sharp
    decline in 2012. The volume of orders of
    banknotes from SPMs/SPWs overspill is estimated
    to reach billion banknotes in 2015.
  • In the global banknote substrate market, SPM
    segment makes up the largest market share of ..
    immediately followed by commercial paper market
    with .. of market share in 2014. Overspill from
    SPMs and Polymer makes up and of the total
    market share respectively in 2014. Polymer
    adoption is on rise due its durability advantage
    over others.
  • In the global banknote print market, SPW segment
    makes up the largest market share of in 2014.
    Commercial paper market and overspill from SPWs
    makes up .. and .. of the total market share
    respectively in 2014.

Global Banknote Print Market by Segments (2014)
Global Banknote Substrate Market by Segments
(2014)
4
The Next Generation Banknote Program, is
planning to include a tactile feature in its
currency for vision impaired community.
Euro Banknotes Production Volume (2003-July, 2015)
  • In 2014, the production volume of euro banknotes,
    shared by NCBs, grew by .. to billion notes in
    2014 from .. billion notes in 2013. As of July,
    2015 the production volume is billion notes
    which will eventually increase by the year end.
  • In 2014, the Bureau printed and produced
    approximately .. billion notes in US, a decline
    of versus prior year. Each year, more than
    of the banknotes delivered by BEP are used to
    replace unfit banknotes present in or removed
    from circulation due to counterfeits.
  • By denomination, lowest denomination, US1
    accounted for largest production share of
    followed by US20 with share in 2014. US100,
    US5 and US10 collectively accounted for . of
    US currency production share.

Annual Production Volume of US Currency Notes
(2000-2014)
Production Share of US Currency Notes by
Denomination (2014)
5
The manufacturers in the banknote industry are
faced with challenge of production of secured
banknotes at every step.
  • The banknote substrate market is headed by two
    firms Arjo Wiggins and GD, each holding of
    the market share in 2014. De La Rue stood at
    third position with of market share, same as
    previous year. Other players like Crane, Goznak,
    and Lanquart holds .., .. and of the market
    share respectively.
  • The global commercial banknote print market
    continues to be dominated by De La Rue with
    market share of in 2014. De La Rues technical
    expertise coupled with its long-standing customer
    relationships with central banks is the major
    success factor. GD and FCO hold market share of
    .. and .. respectively.
  • The banknote industry is facing challenging
    market conditions related to overcapacity in both
    print and paper market, which is causing pricing
    pressure. In the 2014, of overcapacity in
    commercial paper market existed.

Global Commercial Banknote Substrate Market Share
(2014)
Global Commercial Banknote Print Market Share
(2014)
Overcapacity in Paper Market (2010-2017E)
6
The polymer banknotes in Australia uses bright
colors, large and bold denominating numbers with
different sizes of banknotes.
Global Banknote Issuance (2009-2017E)
  • The demand for banknotes will continue to grow
    globally with varied demand growth between
    different countries as a result of their
    respective economic conditions. This varying
    nature of demand for banknotes is the most common
    attribute of the industry with short term
    fluctuations in time and size of orders impacted
    by decisions of central banks. The demand for
    banknotes and substrate, a printing base for
    banknotes, is fulfilled by state print works
    (SPW), state paper mills (SPM) and handful number
    of commercial print and paper manufacturers. The
    global issuance of banknotes increased at a rate
    of .. per annum from billion notes in 2013 to
    billion notes in 2014.
  • Polymer banknotes offer more advantages than
    paper substrate they are cleaner, secure and
    most importantly more durable. Polymer banknotes
    last for two-and-a-half times longer than paper
    substrate thus reducing the cost of cash overall.
    Overall cost reduction is estimated to be of
    worth US... million per year in US. Moreover,
    they are equipped with more security features
    against counterfeiting thus increasing quality of
    notes in circulation. The banks also carry out
    awareness and publicity program for the
    introduction of new polymer banknotes to ensure
    that public, businesses and retailer are aware of
    their existence for smooth circulation of polymer
    notes. Australia was the first country to issue
    purely polymer banknotes followed by New Zealand,
    Mexico, Singapore, Fiji and Canada apart from UK.
    However, few countries are slow in adopting pure
    polymer banknotes due to the security gap between
    both types is closing.

7
Contact Us
View Report Details
These are abridged and sanitized sample pages
from the comprehensive report on the Global
Banknote Market . To know more about this report
or for any customized research requirement,
please contact the following
Koncept Analytics CS-36, Second Floor, Ansal
Plaza Vaishali, Ghaziabad, U.P. 201010 T.
91-120-4130959 C 91-9811715635
vikas_at_konceptanalytics.com
Vikas Gupta BD Manager
www.konceptanalytics.com
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