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Security Paper Market to Grow by USD 8.4 Billion (2024-2028), Driven by Expanding Banknote Industry, Report on How AI is Redefining Market Trends – Technavio

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NEW YORK, Jan. 20, 2025 /PRNewswire/ — Report with market evolution powered by AI – The global security paper market size is estimated to grow by USD 8.4 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 7.36% during the forecast period. Growing global banknote industry is driving market growth, with a trend towards growing R and D activities. However, rising global e-passport industry poses a challenge. Key market players include Ciotola s.r.l., De La Rue PLC, DIPA Zrt, DREWSEN SPEZIALPAPIERE GmbH and Co. KG, EPL House, FEDRIGONI Spa, FNMT RCM, Gemini Graphics Pvt. Ltd., Giesecke Devrient GmbH, HG Technology Sdn Bhd, Joint Stock Co. Goznak, Pura Group, Rolland Enterprises Inc., Security Paper Mill Inc., Security Papers Ltd., Security Printing and Minting Corp. Of India Ltd., and Simpson Security Papers Inc.

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Forecast period

2024-2028

Base Year

2023

Historic Data

2017 – 2021

Segment Covered

Product (Currency note, Passport, and Others), Type (Hybrid paper, Watermark, Hologram, and Thread and UV fiber), Geography (APAC, North America, Europe, South America, and Middle East and Africa), and Application

Region Covered

APAC, North America, Europe, South America, and Middle East and Africa

Key companies profiled

Ciotola s.r.l., De La Rue PLC, DIPA Zrt, DREWSEN SPEZIALPAPIERE GmbH and Co. KG, EPL House, FEDRIGONI Spa, FNMT RCM, Gemini Graphics Pvt. Ltd., Giesecke Devrient GmbH, HG Technology Sdn Bhd, Joint Stock Co. Goznak, Pura Group, Rolland Enterprises Inc., Security Paper Mill Inc., Security Papers Ltd., Security Printing and Minting Corp. Of India Ltd., and Simpson Security Papers Inc.

Key Market Trends Fueling Growth

The Security Paper Market is witnessing significant trends and advancements, with a focus on alteration-resistant currency notes and banknote substrates made of natural materials like Cotton and Cotton fiber paper. The emergence of blockchain technology and digitization are creating business opportunities in data security applications for certificates, identity cards, and legal documents. Infrastructure modernization in the banking sector is driving the demand for customized papers with advanced security features such as holograms, micro print elements, and magnetic microwires. The large population base in Cash based economies is increasing the need for safety papers in Cash based payments. Companies like Louisenthal and Veridos are leading the way with technological developments in Hybrid security papers and Cylinder mold technology. However, the threat of counterfeiting of documents and forgery remains a challenge, necessitating continuous innovation in Security features such as UV fibers, Fluessent, and Watermarks. Product development plans should also consider the integration of Thread, Magnetic, and Polymer substrate for added security. 

Commercial vendors in the global security paper market are intensifying their research and development (R&D) investments to stay competitive. With numerous state-owned paper mills and printing companies present in the market, product differentiation is crucial for commercial entities. To sustain, vendors must invest frequently in advanced paper printing technologies and security features. For instance, De La Rue boosted its R&D budget by 100% in 2020, introducing six new products featuring four innovative security enhancements for currency printing. 

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Market Challenges

The Security Paper Market is experiencing significant growth due to the increasing demand for secure documents in various sectors. Challenges such as alteration and forgery of currency notes, banking applications, and legal documents continue to drive the need for advanced security features. The use of natural materials like Cotton fiber paper and Hybrid paper in Security Papers is becoming popular due to their durability and security features like holograms, micro print elements, and watermarks. Emerging technologies like blockchain technology, Cylinder mold technology, and UV fibers offer business opportunities for infrastructure modernization and data security applications. The large population base in Cash based economies and the increasing digitization of economy also present opportunities for customized papers and digitization of documents. Manufacturers like Louisenthal and Veridos are investing in product development plans to incorporate advanced security features like magnetic microwires, thread, and Fluescent fibers into their security papers. However, data leaks and technological developments in counterfeiting of documents pose challenges that need to be addressed. The use of original document and passport and visa security features like polymer substrate and safety papers is essential to mitigate these risks. Overall, the Security Paper Market is an exciting space with numerous business opportunities and challenges.The global e-passport market is experiencing notable growth due to increasing concerns over illegal immigration and trans-border crimes. E-passports offer enhanced security features, enabling quick identification and verification of travelers at international borders. Governments worldwide are implementing e-passports to strengthen border security and reduce passport fraud. The market’s growth can be attributed to heightened security concerns following terrorist attacks in the early 2000s, such as 9/11, Madrid, London, and Paris. E-passports ensure efficient and secure processing of travelers, making them a preferred choice for various government agencies.

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Segment Overview 

This security paper market report extensively covers market segmentation by

Product 1.1 Currency note1.2 Passport1.3 OthersType 2.1 Hybrid paper2.2 Watermark2.3 Hologram2.4 Thread and UV fiberGeography 3.1 APAC3.2 North America3.3 Europe3.4 South America3.5 Middle East and AfricaApplication

1.1 Currency note- The global automated teller machine (ATM) services market has experienced significant growth since 2010, particularly in North America where the US and Canada have been the leading contributors. The APAC and Latin American banking sectors have also remained stable despite financial crises. The Southeast Asian economies, such as Singapore, Taiwan, Thailand, and Vietnam, are driving growth in the APAC region. As of 2022, North America had the most ATMs, with over 3.2 million units worldwide. The growth of ATMs is attributed to their provision of value-added services like balance inquiries and checkbook requests. The emergence of cash recycler ATMs has further boosted growth. The number of installations is projected to increase by 5-9% during the forecast period due to expanding ATM services in underpenetrated areas. This growth in the banking sector and the increasing number of ATMs worldwide will fuel the demand for security paper, primarily for currency notes, thereby driving the security paper market growth.

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Research Analysis

The Security Paper Market is experiencing significant growth due to the increasing need for secure documentation in various sectors. Infrastructure modernization in governments and organizations worldwide is driving the demand for advanced security features in papers used for passports, visas, and other important documents. A large population base in developing countries also contributes to the market’s growth, as many of these countries rely heavily on cash-based transactions and require secure currency and document printing. Security papers incorporate various features such as watermarks, holograms, and thread to prevent fraud and counterfeiting. The shift towards hybrid security papers, which combine cotton fiber and polymer, offers enhanced security and durability. Digitization is also a trend in the market, with some countries exploring digital alternatives to physical documents. However, the risk of alteration, forgery, and document-related fraud remains a concern, making the demand for secure papers persistent. The printing of currency and counterfeiting of documents and bank/currency notes continue to be significant applications for security papers.

Market Research Overview

The Security Paper Market is witnessing significant growth due to the increasing demand for secure and authentic documents in various sectors. The market encompasses the production and supply of security papers used for currency notes, banking applications, identity cards, passports, and other legal documents. These papers incorporate advanced security features such as holograms, micro print elements, watermarks, UV fibers, and magnetic microwires to prevent counterfeiting and document-related fraud. Emerging technologies like blockchain technology and digitization are creating new business opportunities in the market. For instance, the use of hybrid security papers, which combine natural materials like cotton fiber paper with synthetic polymers, is gaining popularity. Infrastructure modernization in developing economies with large population bases is also driving demand for security papers. The market is witnessing technological developments in the printing stage, including Cylinder mold technology and Fluorescent technology, which enhance the security features of the papers. Natural materials like cotton and pulp are being used to create customized papers with unique textures and colors. The Cash-based economy and Cash-based payments continue to dominate in several regions, leading to a high demand for currency notes papers. However, the increasing threat of data leaks and data security applications is also driving demand for security papers in the digital data sector. Overall, the Security Paper Market presents significant business opportunities for companies and key players in the industry. The market is expected to witness continued growth due to the increasing need for secure and authentic documents in various sectors.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductCurrency NotePassportOthersTypeHybrid PaperWatermarkHologramThread And UV FiberGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And AfricaApplication

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Delixi Electric at the 140th Canton Fair Expanding Solutions Strengthening Global Partnerships

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50 minutes ago

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October 26, 2026

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GUANGZHOU, China, Oct. 26, 2026 /PRNewswire/ — The 140th China Import and Export Fair, widely known as the Canton Fair, opened in Guangzhou on October 15, 2026, marking the event’s 70th anniversary. Delixi Electric returned with an expanded portfolio spanning power distribution, industrial control, home electrical products and tools, while inviting distributors and business partners worldwide to explore new opportunities for cooperation.

Under the brand philosophy “Making it happen,” the company presented products for industrial, commercial and residential applications. The display was designed to give international customers more choice and help channel partners broaden their offerings.

A key highlight was the official Canton Fair debut of Delixi Electric’s tool portfolio. Presented under the theme “The right tool for every task,” the range covers hand tools, power tools and measuring tools. A dedicated trial area allowed visitors to experience the products firsthand.

Among Delixi Electric’s industrial offerings, the H500 Series high-performance vector drive and CDC8 Series AC contactor were key highlights. Winner of the 2025 iF Design Award and a CIIF industrial automation award, the H500 targets mid- to high-end drive applications, while the CDC8 supports reliable control in demanding equipment-manufacturing environments. The wider display also featured wall switches, multi-standard sockets and adapters, and power distribution products.

Qi Wenjie, General Manager of Delixi Electric’s Overseas Business Division, said:

“For many years, the Canton Fair has been an important platform for us to understand how market needs are evolving and to engage closely with customers and partners from around the world. As the Fair marks its 70th anniversary, we are pleased to meet global customers and partners here once again.”

“For Delixi Electric, participating in the Canton Fair is about more than presenting individual products. It is also an opportunity to better understand local needs, demonstrate our broader capabilities in power distribution, and explore long-term value together with our customers and partners.”

Since its Canton Fair debut in 2023, Delixi Electric has participated for four consecutive years. Its business network now covers more than 80 countries and regions.

Looking ahead, the company will continue investing in product development, quality management, international certification, supply chain capabilities and local service. By expanding its portfolio and working closely with local partners, Delixi Electric aims to support market development and create sustainable growth opportunities for distributors, customers and industry partners worldwide.

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SSI SCHAEFER’s Four-Way Pallet Roaming Shuttle Is Expanding Warehouse Design Possibilities

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2 hours ago

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October 26, 2026

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SEOUL, South Korea, Oct. 26, 2026 /PRNewswire/ — For warehouse operators in South Korea, warehouse design is increasingly shaped by competing demands: making better use of available space, managing labor constraints and maintaining reliable operations without committing to automation that exceeds business needs.

The challenge is not simply to store more pallets, but to determine how storage capacity can be configured around the inventory characteristics and the movement the operation actually requires.

Rethinking the use of warehouse space

Warehouse capacity is often assessed by the number of pallet positions available. However, the same building footprint can support different storage configurations, each with its own implications for accessibility, material flow and operating requirements.

Four-way pallet roaming shuttles, such as the SSI Pallet Roaming Shuttle, use onboard multi-sensor navigation to determine their position, monitor their surroundings in real time, and accurately detect obstacles. This enables flexible pallet handling across multiple storage levels, opening up greater possibilities for high-density, single- or multi-deep pallet storage configurations.

For facilities where building expansion is restricted, the ability to use available space more effectively can be an important design consideration. With system heights of 24 metres and options for 40 metres subject to configuration, solutions like the shuttle allow warehouse planners to evaluate storage designs that make greater use of the space.

Matching movement capability to operational needs

The significance of four-way movement lies in the flexibility it introduces into storage design. This can be particularly relevant to manufacturing operations storing raw materials or finished goods, food and beverage distribution, and temperature-controlled warehouses where storage conditions and space utilisation are crucial design considerations.

The shuttle supports payloads of up to 3000 kg and uses RFID and photoelectric positioning, with a specified positioning accuracy of ±5 mm. Operating at a maximum aislewise speed of 1.5 m/s when loaded and 1.6 m/s when unloaded, it provides a technical basis for evaluating its suitability against a warehouse’s storage and movement requirement.

Automation solving the right challenges, at the right time

For South Korean warehouse operators facing a rapidly aging population and labor constraints, the question is whether automating pallet storage and movement will address a meaningful operational need. Suited to medium-to-low SKU ranges and lower-throughput applications, the SSI Pallet Roaming Shuttle is worth considering where frequent retrievals and reduced reliance on repetitive manual handling are priorities, rather than high-volume pallet retrieval.

“The value of warehouse automation lies in how well a system fits the operation it is designed to serve. More automation does not automatically mean a better warehouse.

The real measure of an effective solution is how well its storage density, retrieval capability and throughput match the operation’s needs. Investing in capacity or performance that the business cannot fully utilise—or sacrificing retrieval flexibility for density—misses the point of warehouse automation,” said Jeon Jae Beom, Head of Sales, SSI Schaefer Korea.

For South Korean businesses balancing space, labor and investment pressures, the key is to select systems according to its intended role in the wider operation, not on the assumption that greater automation will resolve every capacity or productivity challenge.

For more information, visit www.ssi-schaefer.com/ko-kr.

About SSI SCHAEFER

The SSI SCHAEFER Group is a leading global solution provider for all areas of intralogistics. With innovative technologies and software, the company empowers small to medium-sized enterprises as well as large companies to increase the efficiency and sustainability of their storage, picking, and transport processes. SSI SCHAEFER offers complete solutions ranging from fully automated warehouses with tailored service and maintenance packages to robotics and automated guided vehicles, as well as manual and semi-automated systems such as workstations, racks and containers.

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SOURCE SSI Schaefer Korea

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Heybike Launches V1 Pro, a 72V Power Beast with 8,000W Peak Power and Bigger Attitude

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2 hours ago

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October 26, 2026

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ONTARIO, Calif., Oct. 23, 2026 /PRNewswire/ — Heybike today announced the launch of the V1 Pro, a 72V electric dirt bike designed for riders who want bigger tires, bigger attitude, and ultimate off-road performance. With 8,000W peak power, 17-inch front and 14-inch rear tires, and Wheelie Boost Assist, the V1 Pro delivers powerful off-road performance while featuring hydraulic disc brakes and a magnetic emergency kill switch. Available now on Heybike’s official website, the V1 Pro is offered at an Early Bird price of $1,999, compared with its $2,199 MSRP.

The 72V Power Beast, Ready for Every Trail

With its oversized Big Foot tires, bold styling, and powerful 72V drive system, the Heybike V1 Pro is built to stand out. Delivering 8,000W peak power and 250 N•m of wheel torque, it reaches speeds of up to 50 MPH and tackles inclines of up to 45°, bringing serious power to demanding off-road adventures.

Its staggered 17-inch front and 14-inch rear Big Foot tires provide a larger rear contact patch for traction, while 285 mm of ground clearance helps the bike clear rocks, roots, and ruts. A 150 mm-travel front fork and rear hydraulic shock help absorb bumps on uneven terrain.

Powered by a 72V 27Ah battery with 1,944 Wh of capacity, the Heybike V1 Pro offers a range of up to 60 miles on a single charge, with charging taking approximately 5.5–6 hours using the included 84V 5A charger.

Smart Control. Your Ride, Your Way.

The Heybike app lets riders adjust speed limits and throttle response, choose from ECO, LINEAR, and SPORT riding modes, and configure regenerative braking to suit their riding preferences and terrain.

For added personalization, an optional Bluetooth speaker and horn accessory supports music playback and multiple simulated motorcycle engine sounds.

Enhanced Protection for Every Adventure

The Heybike V1 Pro combines performance with multiple safety-focused features. Its 220 mm front and 190 mm rear hydraulic disc brakes provide stopping power, while regenerative braking adds another layer of deceleration control.

A magnetic emergency kill switch is designed to cut power if the rider falls or steps away from the bike. A throttle-reset safety mechanism prevents power delivery until the throttle has returned to its reset position.

The Heybike V1 Pro features a UL 2849-certified battery system and an IPX6 waterproof rating, offering added protection for outdoor riding in changing weather conditions.

Together, these features complement the V1 Pro’s performance-focused design with added control and protection for off-road riding.

Wheelie Boost Assist: Unleash Your Wild Side

Experience wheelies like never before. With just a single mode control, Wheelie Boost™ lifts the front wheel to a fixed angle, safely turning a complex trick into an exciting riding experience. Less effort, more wild — unleash your bigger attitude and take your V1 Pro ride to the next level.

Bring the Family Together. Conquer Every Terrain.

More than an off-road ride, the Heybike V1 Pro opens the door to shared outdoor adventures and memorable family moments. Designed to bring riders together, it makes weekend trail rides and outdoor exploration opportunities for parents and teens to connect, build confidence, and discover new terrain side by side.

From family outings to challenging off-road adventures, the V1 Pro brings power, excitement, and the freedom to explore together.

A Step Up From the Original Heybike V1

Launched in the first half of 2026, the Heybike V1 quickly gained popularity among teens across the United States. Building on that success, the V1 Pro takes off-road performance to the next level with nearly 100% more peak power, 43.8% greater battery capacity, 11% higher top speed, 20% more range, and a 50% higher maximum climbing angle.

Beyond raw power, the V1 Pro delivers 31.5% more wheel torque and 14.5% greater ground clearance, along with stronger front and rear suspension system for a smoother ride. Its larger 17-inch front and 14-inch rear Big Foot tires further enhance off-road control and rear traction, while the full-size frame is designed to accommodate a broader range of riders.

Make Their Next Ride Unforgettable

The Heybike V1 Pro is available now for $1,999 (MSRP $2,199). Customers can also receive a limited-quantity launch gift box with their purchase, while supplies last. 

More riding challenges, giveaways, and community activities are on the way. Stay tuned for more ways to ride, connect, and share the adventure.

Shop the Heybike V1 Pro on its official website.

About Heybike

Heybike is a leading global e-bike brand making joy easy to reach for every age and every terrain, from city commutes to off-road adventures, blending accessible innovation, safety-first engineering, and design that connects. Every ride connects you to a worldwide community — to your family, to your city, and to the simple joy of moving. Learn more on Heybike’s official website.

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