"The global security paper market size is expected to reach USD 24.33 billion by 2025. It is anticipated to expand at a CAGR of 7.0% over the forecast period. Growing demand for anti-counterfeit technologies in applications such as currency printing and printing bank checks is expected to be the key growth driver. Security paper protects critical document against alteration and forgery by using multiple security technologies such as watermark, hologram, and Ultraviolet (UV) fiber and threads.
Over the last few years, the rapid proliferation of advanced printing technologies has led to an increase in the circulation of fake notes, passports, visas, and certificates, among others. There has also been a significant increase in the number of fraud cases reported worldwide. In order to overcome these issues, the security paper manufacturing industry is focusing on the development and application of advanced security features such as hologram and magnetic microwires. These security features are anticipated to offer improved document security to prevent counterfeiting in comparison to that of the traditional methods mentioned above."
