Banknote Market by Printers and Geography - Global Forecast and Analysis 2019-2023

Global Banknote Market: About this market

Technavio’s banknote market analysis considers sales from state-owned and commercial printers. Our analysis also considers the sales of banknotes in APAC, Europe, North America, South America, and MEA. In 2018, the state-owned segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as the concerns related to national security will play a significant role in the state-owned segment to maintain its market position. Also, our global banknote market report looks at factors such as central bank policies for clean banknotes, implementation of demonetization policies, and cash being key driver for economy. However, transition toward cashless economy, increasing use of cryptocurrencies, and rise in circulation of fake currencies may hamper the growth of the banknote industry over the forecast period.

Global Banknote Market: Overview

Implementation of demonetization policies

Governments across the globe are enforcing demonetization policies due to the growing fraudulent activities including corruption, bribery, fake currencies, and money laundering by anti-social elements. Secure printing of banknotes, along with the stringent implementation of laws helps in the prevention of tampering and forgery of such instruments. Such strategies result in the printing of new currency notes thereby creating immense growth opportunities for players in the global banknote market, which in turn, will lead to the expansion of the global banknote market at a CAGR of over 4% during the forecast period.

Use of durable solutions for printing currencies

Central banks are shifting from paper notes toward novel solutions with higher durability for printing currencies. These solutions include superior varnishes and coatings, hybrid substrates, paper/polymer composites, and pure polymer substrates. The resultant currencies prevent contamination caused by microorganisms, soiling, and folding. They are waterproof and tear-resistant and have long lifespan. Banknotes printing with such solutions improve the sorting accuracy of ATMs and recirculation of notes. This is expected to have a positive impact on the overall market growth.

For the detailed list of factors that will drive the global banknote market during the forecast period 2019-2023, click here.

Competitive Landscape

With the presence of a few major players, the global banknote market is concentrated. Technavio’s robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of few leading banknote manufacturers, that include CCL Industries Inc., Crane Co., De La Rue Plc, Fábrica Nacional de Moneda y Timbre-Real Casa de la Moneda, Giesecke+Devrient Currency Technology GmbH, Goznak JSC, Oberthur Fiduciaire SAS, Orell Füssli Holding AG, Security Paper Ltd., and Security Printing and Minting Corp. of India Ltd.

Also, the banknote market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.


  • Executive summary
  • Scope of the report
    • Preface
      • Table Vendors - Key product offerings
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global printing machinery market
      • Table Segments of global printing machinery market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by printers
    • Table Printers - Market share 2018-2023 (%)
    • Comparison by printers
      • Table Comparison by printers
    • State owned - Market size and forecast 2018-2023
      • Table State owned - Market size and forecast 2018-2023 ($ millions)
      • Table State owned - Year-over-year growth 2019-2023 (%)
    • Commercial - Market size and forecast 2018-2023
      • Table Commercial - Market size and forecast 2018-2023 ($ millions)
      • Table Commercial - Year-over-year growth 2019-2023 (%)
    • Market opportunity by printers
      • Table Market opportunity by printers
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ millions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • North America - Market size and forecast 2018-2023
      • Table North America - Market size and forecast 2018-2023 ($ millions)
      • Table North America - Year-over-year growth 2019-2023 (%)
    • Europe - Market size and forecast 2018-2023
      • Table Europe - Market size and forecast 2018-2023 ($ millions)
      • Table Europe - Year-over-year growth 2019-2023 (%)
    • MEA - Market size and forecast 2018-2023
      • Table MEA - Market size and forecast 2018-2023 ($ millions)
      • Table MEA - Year-over-year growth 2019-2023 (%)
    • South America - Market size and forecast 2018-2023
      • Table South America - Market size and forecast 2018-2023 ($ millions)
      • Table South America - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Use of durable solutions for printing currencies
    • Rise in financial inclusion
    • Increased focus of countries to outsource printing of currencies
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • CCL Industries Inc.
      • Table CCL Industries Inc. - Vendor overview
      • Table CCL Industries Inc. - Business segments
      • Table CCL Industries Inc. - Organizational developments
      • Table CCL Industries Inc. - Geographic focus
      • Table CCL Industries Inc. - Segment focus
      • Table CCL Industries Inc. - Key offerings
    • Crane Co.
      • Table Crane Co. - Vendor overview
      • Table Crane Co. - Business segments
      • Table Crane Co. - Organizational developments
      • Table Crane Co. - Geographic focus
      • Table Crane Co. - Segment focus
      • Table Crane Co. - Key offerings
    • De La Rue Plc
      • Table De La Rue Plc - Vendor overview
      • Table De La Rue Plc - Business segments
      • Table De La Rue Plc - Organizational developments
      • Table De La Rue Plc - Geographic focus
      • Table De La Rue Plc - Segment focus
      • Table De La Rue Plc - Key offerings
    • Fábrica Nacional de Moneda y Timbre-Real Casa de la Moneda
      • Table Fábrica Nacional de Moneda y Timbre-Real Casa de la Moneda - Vendor overview
      • Table Fábrica Nacional de Moneda y Timbre-Real Casa de la Moneda - Product segments
      • Table Fábrica Nacional de Moneda y Timbre-Real Casa de la Moneda - Key offerings
    • Giesecke+Devrient Currency Technology GmbH
      • Table Giesecke+Devrient Currency Technology GmbH - Vendor overview
      • Table Giesecke+Devrient Currency Technology GmbH - Product segments
      • Table Giesecke+Devrient Currency Technology GmbH - Organizational developments
      • Table Giesecke+Devrient Currency Technology GmbH - Segment focus
      • Table Giesecke+Devrient Currency Technology GmbH - Key offerings
    • Goznak JSC
      • Table Goznak JSC - Vendor overview
      • Table Goznak JSC - Product segments
      • Table Goznak JSC - Organizational developments
      • Table Goznak JSC - Key offerings
    • Oberthur Fiduciaire SAS
      • Table Oberthur Fiduciaire SAS - Vendor overview
      • Table Oberthur Fiduciaire SAS - Product segments
      • Table Oberthur Fiduciaire SAS - Key offerings
    • Orell Füssli Holding AG
      • Table Orell Füssli Holding AG - Vendor overview
      • Table Orell Füssli Holding AG - Business segments
      • Table Orell Füssli Holding AG - Organizational developments
      • Table Orell Füssli Holding AG - Geographic focus
      • Table Orell Füssli Holding AG - Segment focus
      • Table Orell Füssli Holding AG - Key offerings
    • Security Paper Ltd.
      • Table Security Paper Ltd. - Vendor overview
      • Table Security Paper Ltd. - Product segments
      • Table Security Paper Ltd. - Key offerings
    • Security Printing and Minting Corp. of India Ltd.
      • Table Security Printing and Minting Corp. of India Ltd. - Vendor overview
      • Table Security Printing and Minting Corp. of India Ltd. - Product segments
      • Table Security Printing and Minting Corp. of India Ltd. - Organizational developments
      • Table Security Printing and Minting Corp. of India Ltd. - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
    • Definition of market positioning of vendors
      • Table Definition of market positioning of vendors
  • Explore Technavio

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