Market Research Report
Global Banknote Market Report with Potential Impact of COVID-19: 2021 Edition
|Global Banknote Market Report with Potential Impact of COVID-19: 2021 Edition|
Published: October 26, 2021
Content info: 107 Pages
Delivery time: 1-2 business days
The global banknote market is estimated to reach US$15.65 billion in 2025, growing at a CAGR of 4.09% for the period spanning from 2021 to 2025. The factors such as increasing number of ATMs globally and rising population are expected to drive the market. However, growth of the industry will be challenged by counterfeiting of banknotes and rapid growth of electronic payments. A few notable trends include adoption of polymer banknotes, security designs, automation in cash sorting, use of durable solutions for printing currencies and implementation of demonetization policies.
The global banknote market volume is segmented into notes with thread and notes without thread. The global banknote market is highly dominated by production of banknotes with security threads. The global banknote market is expected to grow in future due to improving economic conditions, rising global population and growing number of ATMs. In terms of geographical areas, the U.S. and Euro zone are major contributors to the global banknote market supported by their economies and high production volumes and values.
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