Security Paper Market share 2021: Global Projection, Developments
Market Overview: Security papers are papers with incorporated features such as watermarks or invisible fibers embedded in the paper in order to avoid document tampering, forgery and other fraudulent activities. As per the report published by Market Research Future (MRFR), the global security paper market share is anticipated to project higher growth potential in the coming years. Market Drivers and Restraints: With the rapid increase in incidences of forgery, counterfeiting and document tampering, various companies, institutes and government organizations are utilizing security papers in order to secure valuable documents. Increasing use of security papers for printing cheques, banknotes, certificates, stamp papers, identity cards and passports is majorly propelling the growth of the global security paper market. With advancement in technology, the threat of high-tech counterfeiting has increased, leading to the rise in demand for security papers, which in turn...