Ease in production of duplicate documents without compromising the security of the documents have driven the global carbonless security papers market
Carbon papers reduce efforts in writing two similar documents by replicating the text on two documents at a time. Although, carbon paper are not preferred while printing of security papers owing to the possibility of fraud and imprecise printing. Thus, carbonless security paper come into play for replacing carbon paper in the high value documents multiple copies printing. Additional watermark on the carbonless security paper along with coin reactive property adds to the security of the high value documents. Leading carbonless security paper manufacturers have evolved unique methods for improving the security in the carbonless security papers. Inclining preference of urban population for documents in digital format over physical copies is one of the prominent restraining factor for the global carbonless security paper market. Since its Introduction by NCR Corporation in 1953, carbonless security paper has gained significant traction among financial service providers, banks and government organizations.
Global Carbonless Security Paper Market Dynamics
International touring has rapidly grown over the last decade increasing the number of security documents such as passports and visas along with associated documents for legal bodies to keep a track of activities and information of each traveler. Majority of the government organizations relies prominently on the physical documents for security purposes, driving the demand for carbonless security papers. Traditionally used carbon paper is not capable of providing as precise and small character printing as possible with carbonless security papers. Although, with the increasing preference of people for digital formats of documents over hard copies owing to the probability of misplacing or damaging the high valued documents, the number of documents in hard copies has significantly reduced. Furthermore, increasing digitization of large transactions and legal frameworks have impacted the requirement of physical documents and limiting the application of carbonless security papers across the globe. The number of internet users are rapidly rising in the emerging economies empowered by government emphasizing on digitization for maximum transactions has restrained the carbonless security papers market.
Global Carbonless Security Paper Market Segmentation
The global carbonless security paper market can be segmented on the basis of paper grade as
- Up to 80 GSM
- 81 to 90 GSM
- Above 90 GSM
The global carbonless security paper market can be segmented on the basis of printing technology compatibility as
- Dot matrix
The global carbonless security paper market can be segmented on the basis of paper type as
- Two Part
- Three Part
- Four Part
The global carbonless security paper market can be segmented on the basis of application as
- Bank Cheques
- Bank Notes
- Business and Government Documents
- Discrete and Payroll Envelopes
The global carbonless security paper market can be segmented on the basis of end-user industry as
- Financial Service Providers
- Healthcare Institutes
- Postal Services
- Government Organizations
Global Carbonless Security Paper Market Regional Outlook
In present global market scenario, Europe is attributed to be the leading geography in terms of carbonless security paper market size, followed by Asia Pacific and North America. Gradually rising per capita income in the emerging countries of Asia Pacific, specifically India, ASEAN countries and China, has resulted into the increased number of secured documents transactions leading to enhanced demand for carbonless security papers. The developed countries of North America and Europe are projected to witness sluggish growth in carbonless security papers market during the forecast period on the backdrop of high preference of digital documents over hard copies and strong awareness among people. Although, large rural population of Asia Pacific and Africa regions rely majorly on the physical copies of security documents, driving the carbonless security papers market in the geographies.
Global Carbonless Security Paper Market Key Players
Some of the key players operating in the global carbonless security paper market are
- NCR Corporation
- Appvion Operations, Inc.
- Xerox Corporation
- Blanks USA
- Paris Business Products
- PM Company
- Krpa Holding CZ, A.S.
- O'Neill Office Products, Inc.
- PASACO Sp. z o.o.
- TOPS Office Products
- Specialty Papers & Supplies, LLC
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