The global Hybrid paper market is expected to reach USD 24.67 Billion by 2026, according to a new report by Reports and Data. Hybrid papers include features, which assist in identification or authentication of a document as original as opposed to a fake one. One of the most common forms of Hybrid paper is the Hybrid, and there are many features which have been integrated to prevent any attempt to tamper with the document such as when amounts are altered on a cheque. One of the major factors contributing to the growth of the market is the increasing incidences of document counterfeiting and fraud. In an attempt to curb these fraud attacks, the government along with other organizations including banks, and passport offices, among others are putting in efforts to make their paper works and documents more secure by the deployment of Hybrid papers.

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Competitive Landscape:

The global Hybrid Paper market is extremely competitive and comprise of various key players at regional and global levels. These players are focusing on developing strategic alliances such as mergers and acquisitions, partnerships, product launches, joint ventures, to strengthen their market position and enhance their product base.

Some of the key companies operating in the global market

·         aper Mill Inc.

·         China Bank Note Printing and Minting Corporation

·         Ciotola SRL

·         Document Hybrid Systems Inc

·         Hybrid Paper Limited

·         Sequana Group

·         Giesecke & Devrient

·         Fedrigoni Group

·         Goznak, and Hybrid Printing and Minting Corporation of India Limited

·         Others.

Market Overview:

The packaging industry is rapidly expanding in terms of revenue in the recent years, and is expected to register rapid revenue CAGR throughout the forecast period of 2016 to 2026. Rapid revenue growth is attributed to factors such as rising global population, changing lifestyle, increasing disposable income and rapid growth of the e-commerce sector. Increasing penetration of internet, social media, improving standard of living and rapid growth in the doorstep deliveries are some other factors boosting global market revenue growth. In addition, various manufacturers are focusing on offering sustainable packaging to cater to rising environmental concerns. Local dealers are focusing on innovative packaging to attract consumers.  

Key questions addressed in the report:

·         What size is the global Hybrid Paper market expected to reach over the forecast period?

·         Which revenue CAGR is the global market expected to register throughout the forecast period?

·         Which factors are expected to hamper global market growth during the forecast period?

·         Which key factors are expected to driver global Hybrid Paper market throughout the forecast period?

·         Which application segment is expected to register fastest revenue CAGR between 2016 and 2026?

·         Which region is expected to register fastest revenue CAGR throughout the forecast period?

·         What are the key outcomes of Porter’s Five Forces analysis and SWOT analysis?

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Further key findings from the report suggest

  • By type, the hybrid paper segment contributed to the largest market share in 2018 and is expected to have a CAGR of 6.0% in the forecast period. The market dominance of hybrid paper is owing to its increasing deployment in applications, including banknotes, passports, and legal documents, among others. Hybrid papers glow in ultra-violet light and comprise special chemical components, which prevent chemical and mechanical forgery.
  • By application, banknotes contributed to the largest market share in 2018 and are likely to witness a growth rate of 6.2% in the forecast period, due to growing cases of counterfeit notes coupled with increasing government initiatives to curb the issue and prevent fake notes from being circulated.
  • The market in the Asia Pacific region dominated the market in 2018 and is expected to grow at a rate of 6.7% in the forecast period. The market dominance of the Asia Pacific region may be attributed to the presence of huge population and increased spending on legal services in the region.

 

Global Hybrid Paper Market Segmentation:

Type Outlook:

  • Hybrid
  • Hologram
  • Hybrid Paper
  • Threads

 

Applications Outlook:

  • Banknotes
  • Passports
  • Identity Cards
  • Legal & Government

 

Regional Analysis covers:

·         North America

o   U.S.

o   Canada

o   Mexico

·         Europe

o   Germany

o   Italy

o   U.K.

o   Rest of EU

·         Asia Pacific

o   India

o   China

o   Japan

o   South Korea

o   Rest of APAC

·         Latin America

o   Brazil

o   Argentina

o   Rest of Latin America

·         Middle East & Africa

o   Saudi Arabia

o   South Africa

o   U.A.E

o   Rest of MEA

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