Published via 11Press : According to HTF MI, “Global Banknote Printing Machine Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2029″. Global Banknote Printing Machine Market will grow at a CAGR of 10.4% between 2023 and 2028. The market is expected to reach USD 11.3 billion in 2023, and USD 29,7 billion by 2028.
A banknote-printing device is a machine that produces paper currency. The steps involved in creating banknote paper include cutting, defibering (removing fibers), cleaning, mashing and mixing, paper marking and counting. Original drawing, original plating, plate-making, printing, serial number printing, cutting, inspection/finishing, wrapping, and completion are all steps in the creation of banknotes. Banknotes should be appealing to consumers and easily recognizable. The banknotes must be a blend of tradition and innovation. They should also be machine-readable and robust, as well as providing reliable protection against copying.
In the future, we can expect to see a greater use of polymer substrates. Security features, such as embedded threads, which incorporate colour shifting, holographic imagery, de-metallization and UV luminescence properties, will also be a major change.
Traditionally, printing money has been the responsibility of central banks or governments. A number of central bankers have requested the private sector take on this role due to the growing financial markets and concentration of companies that specialize in the production of banknotes. On the basis of their structural makeup note printers can also be classified.
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As part of our coverage, we have highlighted the following players:
- Barry-Wehmiller Companies in the United States
- Bobst Group SA (Switzerland),
- Crane Holdings, Co. (United States),
- Flint Group (United States),
- Focus Technology Co., Ltd. (China),
- Goebel Capital GmbH (Switzerland),
- Heidelberger Druckmaschinen AG (Germany),
- Koenig & Bauer AG (Germany),
- Komori Corporation (Japan),
- Konica Minolta, Inc. (Japan).
Market Drivers
- An increasing number of cases of currency fraud and terrorist funding The large amount fake money that is in circulation can increase the amount available of cash, which may also lead to an excess demand for goods and commodities. Due to the increased demand for the goods, the price increases.
- Devaluation of the foreign currency occurs. The use of fake currency has a direct financial impact, as it lowers the value of the real currency and increases the price of consumer goods. This causes losses to businesses. The act of producing and selling cheap imitations, which are then sold to consumers is not considered counterfeiting anymore. It’s now seen as a type of organised crime. In addition to harming businesses’ reputations and forcing them to suffer losses, the sale of counterfeit and pirated goods also helps fund organised crime. Counterfeiting, which was once a simple criminal enterprise that generated money used to fund terrorists and other criminals, has now evolved into a legitimate business. In some circumstances, most notably during times of war, the infiltration of very good counterfeit notes has been used to assault the American economy in an effort to undermine confidence in the country’s currency.
- Money will need to be moved across borders because currency fraud is an international problem. Trafficking in counterfeit notes allows them to enter the regular money flow. In this regard, the techniques used to “place” illicitly created money through various forms of criminal activity are strikingly similar to those used to introduce fake currency into a cash register.
- This possibility, that a massive currency-fraud operation could be possible can only be considered fantastic when the laundering illegal earnings are also fantastic. According to the first-ever report on suspicious deposits made after the 2016 notes ban, the country’s banks acquired an all-time high number of fake currencies and also discovered a 488% increase in suspicious transactions after demonetization.
- The banks, private businesses, cooperatives, and other economic institutions have produced 400% more suspicious transactions reviews (STRs) when they work together.
Market Trend
- Increase Banknote Printer Security and Automation Security techniques can be simple at first, like printing on unique papers or adding watermarks. Controlling the substrate’s protection, rather than the information printed on it, is crucial. Print-related skills such as intaglio print, lithography or letterpress, microprinting, protective threads and inks, serial numbers, anti coping marks, registration effects, diagram effects, etc. are required in addition to the substrate security. Banknotes, like most other uncrackable documents, rely on their substrate for security.
- The watermark is a high-quality security device that can be found on protection papers. A watermark is just a picture that is included in the paper during the papermaking process by “varying the fibre thickness and as a result the paper translucency.” There are several different security printing techniques available today. With the right technology, security printers are able to produce archives that are tightly closed and pose little risk of counterfeiting.
- Nevertheless, when the technology on which security printers are based becomes more widespread, it will make secure files vulnerable to unauthorised copies. Digital computers, colour copiers, and picture scanners are all examples of low-value technology.
- Special files, such as banknotes, require multiple safety printing techniques to ensure their security and use in society. Counterfeit goods continue to undermine the value of authentic artefacts. This also holds true for fake currency, which is a major problem in today’s unexpectedly technologically advanced society.
Market Opportunities
- Banknote printers can benefit from the development of big data analytics. These include corporate banks, money transit groups, banks, and central banks.
- All ATMs can be used to collect data. Money processing machines can combine the data they collect on banknotes, designs, and counterfeit insurance policies to improve the performance of future policies.
- The use of big data analytics by information scientists is crucial because it enables them to dig deeper into massive amounts of data and uncover important, new insights.
- Big data analytics is important because it allows the government to streamline processes and improve customer service. Big data analytics are essential because relational databases and standard record warehouses are unable to handle the deluge of unstructured data that characterises today’s society. Ideal for structured data.
- Also, they are unable to respond to requests for information in real time. By leveraging massive data analytics, global firms improve their digital advertising strategy by utilizing facts.
- Big Data analytics is able to meet the increasing demand for real time perception of unstructured information. This is particularly important for businesses who depend on the popularity of mobile or online gaming, and the rapidly changing financial markets.
Market Restraints
- Digital Currency is Accepted More Widely: The increasing digital revolution can also lead to fundamental changes in the model of financial trade. Separation of money’s various functions; intensifying competition among specialised currencies.
- The unbundling currency that results from digital currencies tied to huge platform ecosystems could also promote differentiation and hinder platform interoperability.
- Digital currencies could potentially lead to a shift in the global financial systems: international locations that are socially and digitally integrated may experience digital dollarization. The creation of platforms with systemically significant value may also trigger the emergence or markets for digital currencies on an international level.
- Digitalization has revolutionized the cash and payment system. The concept of digital currency is not new in today’s economies. However, digital currencies make it possible to instantly send money from one person to another.
- New currencies will be the central lynchpin of large, systemically essential social and economic platforms which cross national borders and redefine processes.
- Where payments and user data is combined. These new currencies will change the way currencies compete and the way the global economy is organized. They may also affect how government issued money is used.
Market Challenges
- Governmental Efforts To Promote Cashless Trade In this type of economy, transactions are primarily carried out using debit cards, digital wallets and deposit cards.
- A Cashless Economy only allows a limited number of cash transactions. In this economy, transactions using physical notes or coins are preferable to those involving digital representations.
- In a cashless society, the transactions are supported more by debt, savings and pay-as you-go price instruments than they are by cash, notes or other forms of physical currency.
- A component of the government of India’s Digital India strategy is the cashless economy. India must be fundamentally transformed to become a society empowered by technology.
- The term “cashless economy” refers to an economic system where transactions are supported by the use of debit cards, savings cards, and other pay-as-you-go payment methods rather than being heavily dependent on cash notes, coins, or other physical forms of currency.
- The Government of India’s flagship initiative, the Digital India plan, aims to transform India fundamentally into a technologically advanced society and economy. One of Digital India’s stated goals is “Faceless, Paperless, Cashless”. The Ministry of Electronics & IT (MeitY) has primarily taken the following actions to promote digital payments: To further encourage the growth of digital transactions in the nation, MeitY has launched an incentive programme for the sale of RuPay Debit Cards and low-value BHIM-UPI transactions (P2M).
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Market Analysis by Application:
- Intaglio Printing,
- Offset Printing
- Silk Screen Printing
Market Analysis by Types
- Governments,
- Central banks
Report Scope
| The market size in 2023 | USD 11.3 Billion |
| Revenue Forecasts by 2033 | USD 29.7 Billion |
| Growth Rate | CAGR of 10.4% |
| Areas covered | North America, Europe and the Middle East, Latin America and Africa and the rest the world |
| Historical Years | 2018-2022 |
| Base Year | 2022 |
| Estimated Year | 2023 |
| Short-Term Projection Years | 2028 |
HTF Market Intelligence, in order to understand the market dynamics of various countries around the world, has developed a realistic research framework. Our experts also conduct detailed analyses of certain geographic areas to help customers and businesses succeed in Banknote Printing Machine Market niches and grow in developing countries.
The analysis of the global banknote printing machine market also demonstrates how the shifting player dynamics are influencing the market’s expansion. Our market researchers also examine in detail the products and services offered by the various players on the market for banknote printing machines that are competing to dominate the market.
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