Global Banknote Market Analysis and Forecast 2028- Edition 2024
Description
Global Banknote Market Size
The global banknote market is projected to experience significant growth with a CAGR of 6% from 2023 to 2028. This sector is poised for dynamic growth and evolution, driven by a combination of economic, technological, and consumer behavior factors. The market's future trajectory will be influenced by macroeconomic trends, including inflation rates, interest rates, and geopolitical factors. As of February 2021, there are 1,026 different banknote denominations worldwide, with 147 of them - or 15% of the global substrate market, up from 7% in 2019 - made of polymer substrates. The rest of the denominations use cotton-based or hybrid substrates.North America Banknote Market:
The banknotes market in North America, encompassing the United States, Canada, and Mexico, is characterized by the widespread use of the national currencies of these countries: the US dollar, the Canadian dollar, and the Mexican peso, respectively. These currencies are known for their strength and stability, supported by robust security features aimed at preventing counterfeiting. A growing trend towards the adoption of polymer banknotes is observed in the region, driven by the need to enhance durability and security compared to traditional paper-based banknotes.
Europe Banknote Market:
The banknote market in Europe, including the 27 countries of the European Union and the United Kingdom, is experiencing notable transformation and growth. This growth is driven by evolving consumer preferences, technological advancements, and a steadily increasing working-age population. Despite the rise of digital payments, many European nations maintain a strong demand for banknotes due to cultural inclinations, cash-oriented economies, and a substantial unbanked population. The market in Europe presents appealing opportunities for industry participants and investors, with a promising outlook for continued expansion.
Asia-Pacific Banknote Market:
The Asia-Pacific banknote market is undergoing significant transformation and growth, driven by shifting consumer preferences, technological innovations, and a growing working-age population. The region plays a crucial role in the global banknote market, with rapid economic development and urbanization observed in several countries. Despite the rise of digital payments, many Asia-Pacific countries maintain a strong demand for banknotes due to cultural preferences, cash-based economies, and a sizable unbanked population. Growth in the Asia-Pacific banknote market is further supported by increasing disposable incomes, tourism, and government efforts to modernize currency systems.
Scope of Global Banknote Market Research Study
Makreo Research has recently released an extensive study titled " Global Banknote Market Analysis and Forecast 2028- Edition 2024." This study thoroughly examines the production and circulation of banknotes, analysing both volume and value metrics. It also provides a detailed assessment of key macroeconomic and industry drivers. The increasing adoption of digital currency has significantly influenced global banknote demand, prompting a thorough analysis comparing digital payment adoption with traditional currency usage. The report maintains a balance between qualitative and quantitative factors, integrating macroeconomic analyses and sector assessments. In summary, this report serves as a valuable resource for understanding the past performance and anticipated future trends of the global banknote industry in various regions amid evolving variables.
The research study evaluates key regions worldwide to offer insights into banknote production and supply dynamics. Additionally, it explores the historical performance of the industry and the current market situation, taking into account factors closely related to the banknote sector. The report also covers essential topics such as currency production and circulation, polymer banknotes, the prevalence of counterfeit banknotes, analysis of production costs, and counterfeit detection.
Period of Study:
2018 - 2023: Past and Present Scenario
2024-2028: Future Outlook
Key Areas Discussed in the Study:
Banknotes Print and Issuance Order
Banknotes Production and Forecast
Printing cost of Banknotes
Banknotes Production by Denomination
Banknotes Circulation
Banknotes Circulation by Denomination
Counterfeit Banknotes
Polymer Banknotes
Countries Covered in the North American Region:
USA
Canada
Mexico
Countries Covered in the European Union:
EU-27
United Kingdom
Countries Covered in Oceania:
Australia
New Zealand
Fiji
Countries Covered in Asian-Pacific:
India
Japan
Laos
Singapore
Pakistan
Bangladesh
Vietnam
Indonesia
Philippines
Products & Services Discussed in Global Banknote Market Report:
Banknote Production Volume
Banknote Production Value
Banknote Production by Denomination
Banknote Circulation Volume
Banknote Circulation Value
Banknote Circulation by Denomination
Polymer Banknotes Circulation
Counterfeit Banknotes
Companies Covered:
De La Rue
Giesecke & Devrient (G&D)
Crane Holding Co
Orell Fussli Holding AG
FNMT-RCM
Security Papers Limited
Oberthur Fiduciaires
CCL Secure
The global banknote market is projected to experience significant growth with a CAGR of 6% from 2023 to 2028. This sector is poised for dynamic growth and evolution, driven by a combination of economic, technological, and consumer behavior factors. The market's future trajectory will be influenced by macroeconomic trends, including inflation rates, interest rates, and geopolitical factors. As of February 2021, there are 1,026 different banknote denominations worldwide, with 147 of them - or 15% of the global substrate market, up from 7% in 2019 - made of polymer substrates. The rest of the denominations use cotton-based or hybrid substrates.North America Banknote Market:
The banknotes market in North America, encompassing the United States, Canada, and Mexico, is characterized by the widespread use of the national currencies of these countries: the US dollar, the Canadian dollar, and the Mexican peso, respectively. These currencies are known for their strength and stability, supported by robust security features aimed at preventing counterfeiting. A growing trend towards the adoption of polymer banknotes is observed in the region, driven by the need to enhance durability and security compared to traditional paper-based banknotes.
Europe Banknote Market:
The banknote market in Europe, including the 27 countries of the European Union and the United Kingdom, is experiencing notable transformation and growth. This growth is driven by evolving consumer preferences, technological advancements, and a steadily increasing working-age population. Despite the rise of digital payments, many European nations maintain a strong demand for banknotes due to cultural inclinations, cash-oriented economies, and a substantial unbanked population. The market in Europe presents appealing opportunities for industry participants and investors, with a promising outlook for continued expansion.
Asia-Pacific Banknote Market:
The Asia-Pacific banknote market is undergoing significant transformation and growth, driven by shifting consumer preferences, technological innovations, and a growing working-age population. The region plays a crucial role in the global banknote market, with rapid economic development and urbanization observed in several countries. Despite the rise of digital payments, many Asia-Pacific countries maintain a strong demand for banknotes due to cultural preferences, cash-based economies, and a sizable unbanked population. Growth in the Asia-Pacific banknote market is further supported by increasing disposable incomes, tourism, and government efforts to modernize currency systems.
Scope of Global Banknote Market Research Study
Makreo Research has recently released an extensive study titled " Global Banknote Market Analysis and Forecast 2028- Edition 2024." This study thoroughly examines the production and circulation of banknotes, analysing both volume and value metrics. It also provides a detailed assessment of key macroeconomic and industry drivers. The increasing adoption of digital currency has significantly influenced global banknote demand, prompting a thorough analysis comparing digital payment adoption with traditional currency usage. The report maintains a balance between qualitative and quantitative factors, integrating macroeconomic analyses and sector assessments. In summary, this report serves as a valuable resource for understanding the past performance and anticipated future trends of the global banknote industry in various regions amid evolving variables.
The research study evaluates key regions worldwide to offer insights into banknote production and supply dynamics. Additionally, it explores the historical performance of the industry and the current market situation, taking into account factors closely related to the banknote sector. The report also covers essential topics such as currency production and circulation, polymer banknotes, the prevalence of counterfeit banknotes, analysis of production costs, and counterfeit detection.
Period of Study:
2018 - 2023: Past and Present Scenario
2024-2028: Future Outlook
Key Areas Discussed in the Study:
Banknotes Print and Issuance Order
Banknotes Production and Forecast
Printing cost of Banknotes
Banknotes Production by Denomination
Banknotes Circulation
Banknotes Circulation by Denomination
Counterfeit Banknotes
Polymer Banknotes
Countries Covered in the North American Region:
USA
Canada
Mexico
Countries Covered in the European Union:
EU-27
United Kingdom
Countries Covered in Oceania:
Australia
New Zealand
Fiji
Countries Covered in Asian-Pacific:
India
Japan
Laos
Singapore
Pakistan
Bangladesh
Vietnam
Indonesia
Philippines
Products & Services Discussed in Global Banknote Market Report:
Banknote Production Volume
Banknote Production Value
Banknote Production by Denomination
Banknote Circulation Volume
Banknote Circulation Value
Banknote Circulation by Denomination
Polymer Banknotes Circulation
Counterfeit Banknotes
Companies Covered:
De La Rue
Giesecke & Devrient (G&D)
Crane Holding Co
Orell Fussli Holding AG
FNMT-RCM
Security Papers Limited
Oberthur Fiduciaires
CCL Secure
Table of Contents
235 Pages
- 1. Research Methodology
- 1.1. Market Definition
- 1.2. Financial Year Definitions in Various Countries
- 1.3. Objective of the Study
- 1.4. Research Process
- 1.5. Data Collection Methods
- 1.6. Analytical Framework
- 2. Global EPTD (Economic, Political, Technology, Demographic) Analysis
- 2.1. EPTD Analysis: Global Economic Overview
- 2.2. EPTD Analysis: Global Political Overview
- 2.3. EPTD Analysis: Global Technological Overview
- 2.4. EPTD Analysis: Global Demographic Overview
- 3. Global Banknote Market Synopsis
- 3.1. Banknote Material by Countries
- 4. Global Banknote Market Analysis – Past, Present and Future Assessment
- 4.1. Global Banknote Market Performance
- 4.2. Global Banknote Market Revenue – Past, Present and Future Outlook
- 4.3. Cash Volume Growth – Regional Performance
- 4.4. Global Currency Performance & Impact of COVID-19
- 4.5. Global Polymer Banknote Timeline
- 4.6. Regional Break-up of Polymer Banknotes
- 4.7. Countries Using Polymer Banknotes
- 5. North America Banknotes Market
- 5.1. United States Banknotes Production Facts
- 5.1.1. United States Banknotes Print Order
- 5.1.1.1. United States Banknotes Printing Costs
- 5.1.2. United States Banknotes Production
- 5.1.2.1. United States Banknotes Production by Denomination
- 5.1.2.2. United States Banknotes in Circulation
- 5.1.2.3. United States Banknotes Processed and Destroyed
- 5.2. Canada Banknotes Production Facts
- 5.2.1. Canada Banknotes in Circulation
- 5.2.2. Canada Adoption of Polymer Banknotes
- 5.2.3. Canada Counterfeit Banknotes
- 5.2.4. Canada Counterfeit Coins
- 5.3. Mexico Banknotes Production Facts
- 5.3.1. Mexico D Type Notes
- 5.3.2. Mexico Banknotes in Circulation
- 5.3.2.1. Mexico Banknotes and Coins in Circulation by Denomination
- 5.3.3. Mexico Banknote Market Digital Currency
- 5.3.4. Mexico Withdrawal of Banknotes
- 5.3.5. Mexico Introduction of Polymer Currency
- 5.3.6. Mexico Banknotes Counterfeit Facts
- 6. Europe Banknotes Market
- 6.1. Europe Banknotes Production Facts
- 6.1.1. Europe Banknotes Issued by Euro System
- 6.1.2. Europe Banknotes in Circulation by Country
- 6.1.2.1. Europe Banknotes in Circulation (Value)
- 6.1.2.2. Europe Banknotes in Circulation (Volume)
- 6.1.2.3. Europe Coins in Circulation (Volume & Value)
- 6.1.3. Europe Banknotes Transactions Facts
- 6.1.4. Europe Counterfeit Banknotes
- 6.1.5. United Kingdom Banknotes Facts
- 6.1.6. United Kingdom Banknote Timeline
- 6.1.7. United Kingdom Banknotes Production
- 6.1.7.1. United Kingdom Banknotes in Circulation
- 6.1.7.1.1. United Kingdom Banknotes in Circulation by Denomination
- 6.1.8. United Kingdom Exchanged Banknotes
- 6.1.9. United Kingdom Counterfeit Banknotes
- 6.1.10. United Kingdom Polymer Banknotes Key Highlights
- 7. Oceania Banknote Market
- 7.1. Australia Banknotes Key Facts
- 7.1.1. Australia Banknotes Production
- 7.1.2. Australia Banknotes Production by Denomination
- 7.1.3. Australia Banknotes in Circulation
- 7.1.4. Australia Counterfeit Banknotes
- 7.1.5. Australia Banknotes Cash Dominance vs Digital Payment Adoption
- 7.1.6. Australia Banknotes in Wallet
- 7.1.7. Australia Banknotes Cash Payments
- 7.1.8. Economic Crisis and Australian Banknotes in Circulation
- 7.2. New Zealand Banknotes Key Facts
- 7.2.1. New Zealand Banknotes in Circulation
- 7.2.1.1. New Zealand Banknotes in Circulation by Denomination
- 7.2.2. New Zealand Currency Interest Rate
- 7.2.3. New Zealand Counterfeit Banknotes
- 7.3. Fiji Banknotes Key Facts
- 7.3.1. Fiji Banknotes in Circulation
- 8. Other Asian Countries Banknote Market
- 8.1. India Banknotes Key Facts
- 8.1.1. India Banknotes Production
- 8.1.2. India Banknotes Circulation
- 8.1.2.1. India Banknotes Circulation by Denomination
- 8.1.3. India Banknotes Indent and Supply
- 8.1.4. India Polymer Banknotes Key Facts
- 8.1.5. India Counterfeit Banknotes
- 8.2. Japan Banknotes Key Facts
- 8.2.1. Japan Banknotes Issuance and Cost of Production
- 8.2.2. Japan Banknotes in Circulation
- 8.2.2.1. Japan Banknotes in Circulation by Denomination
- 8.2.3. Japan Cash Dominance vs Digital Payment Adoption
- 8.3. Laos Banknotes Circulation
- 8.4. Singapore Banknotes Key Facts
- 8.4.1. Singapore Banknotes Money Supply
- 8.4.2. Singapore Banknotes in Circulation
- 8.4.3. Singapore Banknotes Exchange Rates
- 8.5. Pakistan Banknotes Key Facts
- 8.5.1. Pakistan Banknotes Issued
- 8.5.2. Pakistan Banknotes in Circulation
- 8.6. Bangladesh Banknotes Key Facts
- 8.6.1. Bangladesh Banknotes Printing Expenditure
- 8.6.2. Bangladesh Banknotes Circulation
- 8.6.2.1. Bangladesh Banknotes Circulation by Denomination
- 8.7. Vietnam Banknotes Key Facts
- 8.7.1. Vietnam Types of Banknotes
- 8.7.2. Vietnam Banknotes Circulation
- 8.8. Indonesia Banknotes Key Facts
- 8.8.1. Indonesia Banknotes Production
- 8.8.2. Indonesia Banknotes Circulation
- 8.8.3. Indonesia Banknotes Counterfeiting
- 8.9. Philippines Banknotes Key Facts
- 8.9.1. Philippines Banknotes Production
- 8.9.2. Philippines Banknotes Circulation
- 8.9.3. Philippines Banknotes By Denominations
- 8.9.4. Philippines Polymer Banknotes
- 8.9.4.1. Philippines Polymer Banknotes Timeline
- 8.9.5. Philippines Counterfeit Banknotes
- 9. Global Banknotes Market – Competitive Landscape
- 9.1. Market Mergers/Partnerships/Acquisitions
- 9.2. Funding / Investment Timeline
- 10. Global Banknotes Market – Company Profiles
- 10.1. Company Profile: De La Rue
- 10.2. Company Profile: Giesecke+Devrient (G+D)
- 10.3. Company Profile: Crane Holding Co.
- 10.4. Company Profile: Orell Fussli AG
- 10.5. Company Profile: FNMT-RCM
- 10.6. Company Profile: Security Papers Limited (SPL)
- 10.7. Company Profile: Oberthur Fiduciaire SAS
- 10.8. Company Profile: CCL Secure
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
