PUBLISHER: The Business Research Company | PRODUCT CODE: 1556211
PUBLISHER: The Business Research Company | PRODUCT CODE: 1556211
Banknote Global Market Report 2024
A banknote is a form of paper currency issued by a central bank or government that functions as a medium of exchange. It represents physical currency, facilitating the exchange of goods and services. The banknote standardizes and simplifies the monetary exchange process, providing a stable and widely accepted medium for economic transactions and value storage.
The main types of banknotes are state-owned and commercial. State-owned refers to government-operated entities responsible for designing, printing, and distributing currency notes within a country. These organizations also help maintain national economic stability by regulating the money supply. Banknotes are made from various materials, such as paper and polymer, and are used in different printing techniques, including intaglio, offset, and letterpress printing.
The banknote market research report is one of a series of new reports from The Business Research Company that provides banknote market statistics, including banknote industry global market size, regional shares, competitors with a banknote market share, detailed banknote market segments, market trends, and opportunities, and any further data you may need to thrive in the banknote industry. This banknote market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The banknote market size has grown strongly in recent years. It will grow from $12.50 billion in 2023 to $13.15 billion in 2024 at a compound annual growth rate (CAGR) of 5.2%. The growth during the historic period can be attributed to advancements in printing technology, economic instability, inflation rates, a rising demand for secure currency, the expansion of international trade, changes in government policies, and the growth of global financial systems.
The banknote market size is expected to see exponential growth in the next few years. It will grow to $16.27 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The growth expected during the forecast period can be attributed to advancements in digital payment technologies, changing consumer preferences for digital currencies, potential regulatory changes, the rise of financial inclusion initiatives, a growing demand for high-security features, and ongoing improvements in anti-counterfeiting measures. Major trends for this period include the increased adoption of polymer banknotes, a greater focus on innovative banknote design, the integration of advanced security features, a rising demand for cash-handling automation technologies, and the use of data analytics and AI.
The rise in cash transactions is expected to drive growth in the banknote market. A cash transaction involves the exchange of physical currency, such as coins or banknotes, for goods or services. The increase in cash transactions is attributed to economic instability, use in the informal economy, security concerns, and small-scale purchases. Banknotes support cash transactions by offering a widely accepted and convenient medium of exchange. For instance, in September 2023, UK Finance, a UK-based financial services company, reported that the total number of cash transactions in the UK grew to 6.4 billion in 2022, up from 6.0 billion in 2021. Consequently, the increase in cash transactions is fueling the growth of the banknote market.
Leading companies in the banknote market are concentrating on developing advanced products, such as commemorative polymer banknotes, to enhance security features and extend the lifespan of currency. Commemorative polymer banknotes, printed on durable polymer, offer increased longevity and resistance to wear compared to traditional paper notes. These banknotes often feature unique designs and themes that honor historical events, cultural heritage, or notable figures, serving both as functional currency and collectible items. For example, in February 2023, CCL Secure, an Australia-based company specializing in polymer banknotes, partnered with Polish Security Printing Works (PWPW), a Poland-based producer of banknotes, to introduce the Guardian 20 zloty banknote. This 20-zloty banknote utilizes advanced polymer technology to enhance durability and wear resistance. It features a vibrant design celebrating Polish heritage, with high-resolution printing and advanced security elements, including micro printing, color-shifting inks, and embedded holograms to prevent counterfeiting.
In April 2023, Authentix, a US-based provider of authentication and information services, acquired Royal Joh. Enschede for an undisclosed amount. This acquisition is intended to bolster Authentix's capabilities in secure printing and anti-counterfeiting technologies, expand its product range, and extend its global presence in combating counterfeit goods and brand fraud. Royal Joh. Enschede, based in the Netherlands, is known for manufacturing custom banknotes.
Major companies operating in the banknote market are Banque de France, Barry-Wehmiller Companies, Giesecke+Devrient GmbH, Bank of Canada, THE ROYAL MINT LIMITED, SICPA HOLDING SA, Bundesdruckerei GmbH, De La Rue plc, Crane Currency, Landqart AG, Note Printing Australia Limited (NPA), Orell Fussli AG, Oberthur Fiduciaire, Hueck Folien GmbH, CCL Secure, Banknote World, Hungarian Banknote Printing Company, Polish Security Printing Works, Arjowiggins Security, Advast Suisse AG, South African Bank Note Company, Tumba Mill
North America was the largest region in the banknote market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the banknote market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the banknote market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The banknote market consists of sales of currency handling equipment, color-shifting inks, watermarks, holograms, and security threads. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Banknote Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on banknote market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Where is the largest and fastest growing market for banknote ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The banknote market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
- Markets Covered:1) By Type: State-Owned; Commercial
- 2) By Material: Paper; Polymer
- 3) By Application: Intaglio Printing; Offset Printing; Letterpress Printing
- Companies Mentioned: Banque de France; Barry-Wehmiller Companies; Giesecke+Devrient GmbH; Bank of Canada; THE ROYAL MINT LIMITED
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Table of Contents
1. Executive Summary
2. Banknote Market Characteristics
3. Banknote Market Trends And Strategies
4. Banknote Market - Macro Economic Scenario
- 4.1. Impact Of High Inflation On The Market
- 4.2. Ukraine-Russia War Impact On The Market
- 4.3. COVID-19 Impact On The Market
5. Global Banknote Market Size and Growth
- 5.1. Global Banknote Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
- 5.2. Global Banknote Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
- 5.3. Global Banknote Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)
6. Banknote Market Segmentation
- 6.1. Global Banknote Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- State-Owned
- Commercial
- 6.2. Global Banknote Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- Paper
- Polymer
- 6.3. Global Banknote Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- Intaglio Printing
- Offset Printing
- Letterpress Printing
7. Banknote Market Regional And Country Analysis
- 7.1. Global Banknote Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 7.2. Global Banknote Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. Asia-Pacific Banknote Market
- 8.1. Asia-Pacific Banknote Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Banknote Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 8.3. Asia-Pacific Banknote Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 8.4. Asia-Pacific Banknote Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. China Banknote Market
- 9.1. China Banknote Market Overview
- 9.2. China Banknote Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
- 9.3. China Banknote Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
- 9.4. China Banknote Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10. India Banknote Market
- 10.1. India Banknote Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 10.2. India Banknote Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 10.3. India Banknote Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11. Japan Banknote Market
- 11.1. Japan Banknote Market Overview
- 11.2. Japan Banknote Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 11.3. Japan Banknote Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 11.4. Japan Banknote Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Australia Banknote Market
- 12.1. Australia Banknote Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 12.2. Australia Banknote Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 12.3. Australia Banknote Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Indonesia Banknote Market
- 13.1. Indonesia Banknote Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 13.2. Indonesia Banknote Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 13.3. Indonesia Banknote Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. South Korea Banknote Market
- 14.1. South Korea Banknote Market Overview
- 14.2. South Korea Banknote Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 14.3. South Korea Banknote Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 14.4. South Korea Banknote Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. Western Europe Banknote Market
- 15.1. Western Europe Banknote Market Overview
- 15.2. Western Europe Banknote Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 15.3. Western Europe Banknote Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 15.4. Western Europe Banknote Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. UK Banknote Market
- 16.1. UK Banknote Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 16.2. UK Banknote Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 16.3. UK Banknote Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17. Germany Banknote Market
- 17.1. Germany Banknote Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 17.2. Germany Banknote Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 17.3. Germany Banknote Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. France Banknote Market
- 18.1. France Banknote Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 18.2. France Banknote Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 18.3. France Banknote Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19. Italy Banknote Market
- 19.1. Italy Banknote Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 19.2. Italy Banknote Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 19.3. Italy Banknote Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20. Spain Banknote Market
- 20.1. Spain Banknote Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 20.2. Spain Banknote Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 20.3. Spain Banknote Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. Eastern Europe Banknote Market
- 21.1. Eastern Europe Banknote Market Overview
- 21.2. Eastern Europe Banknote Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 21.3. Eastern Europe Banknote Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 21.4. Eastern Europe Banknote Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22. Russia Banknote Market
- 22.1. Russia Banknote Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 22.2. Russia Banknote Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 22.3. Russia Banknote Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. North America Banknote Market
- 23.1. North America Banknote Market Overview
- 23.2. North America Banknote Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 23.3. North America Banknote Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 23.4. North America Banknote Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. USA Banknote Market
- 24.1. USA Banknote Market Overview
- 24.2. USA Banknote Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 24.3. USA Banknote Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 24.4. USA Banknote Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. Canada Banknote Market
- 25.1. Canada Banknote Market Overview
- 25.2. Canada Banknote Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 25.3. Canada Banknote Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 25.4. Canada Banknote Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. South America Banknote Market
- 26.1. South America Banknote Market Overview
- 26.2. South America Banknote Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 26.3. South America Banknote Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 26.4. South America Banknote Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. Brazil Banknote Market
- 27.1. Brazil Banknote Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 27.2. Brazil Banknote Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 27.3. Brazil Banknote Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Middle East Banknote Market
- 28.1. Middle East Banknote Market Overview
- 28.2. Middle East Banknote Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 28.3. Middle East Banknote Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 28.4. Middle East Banknote Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Africa Banknote Market
- 29.1. Africa Banknote Market Overview
- 29.2. Africa Banknote Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 29.3. Africa Banknote Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 29.4. Africa Banknote Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Banknote Market Competitive Landscape And Company Profiles
- 30.1. Banknote Market Competitive Landscape
- 30.2. Banknote Market Company Profiles
- 30.2.1. Banque de France
- 30.2.1.1. Overview
- 30.2.1.2. Products and Services
- 30.2.1.3. Strategy
- 30.2.1.4. Financial Performance
- 30.2.2. Barry-Wehmiller Companies
- 30.2.2.1. Overview
- 30.2.2.2. Products and Services
- 30.2.2.3. Strategy
- 30.2.2.4. Financial Performance
- 30.2.3. Giesecke+Devrient GmbH
- 30.2.3.1. Overview
- 30.2.3.2. Products and Services
- 30.2.3.3. Strategy
- 30.2.3.4. Financial Performance
- 30.2.4. Bank of Canada
- 30.2.4.1. Overview
- 30.2.4.2. Products and Services
- 30.2.4.3. Strategy
- 30.2.4.4. Financial Performance
- 30.2.5. THE ROYAL MINT LIMITED
- 30.2.5.1. Overview
- 30.2.5.2. Products and Services
- 30.2.5.3. Strategy
- 30.2.5.4. Financial Performance
- 30.2.1. Banque de France
31. Banknote Market Other Major And Innovative Companies
- 31.1. SICPA HOLDING SA
- 31.2. Bundesdruckerei GmbH
- 31.3. De La Rue plc
- 31.4. Crane Currency
- 31.5. Landqart AG
- 31.6. Note Printing Australia Limited (NPA)
- 31.7. Orell Fussli AG
- 31.8. Oberthur Fiduciaire
- 31.9. Hueck Folien GmbH
- 31.10. CCL Secure
- 31.11. Banknote World
- 31.12. Hungarian Banknote Printing Company
- 31.13. Polish Security Printing Works
- 31.14. Arjowiggins Security
- 31.15. Advast Suisse AG
32. Global Banknote Market Competitive Benchmarking
33. Global Banknote Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Banknote Market
35. Banknote Market Future Outlook and Potential Analysis
- 35.1 Banknote Market In 2028 - Countries Offering Most New Opportunities
- 35.2 Banknote Market In 2028 - Segments Offering Most New Opportunities
- 35.3 Banknote Market In 2028 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies
36. Appendix
- 36.1. Abbreviations
- 36.2. Currencies
- 36.3. Historic And Forecast Inflation Rates
- 36.4. Research Inquiries
- 36.5. The Business Research Company
- 36.6. Copyright And Disclaimer
