Worldwide Banknote Marketplace Discussed by Koncept Analytics in New Research Report Now Available at MarketPublishers.com10 Sep 2015 • by Natalie Aster
LONDON – The demand for banknotes is set to keep on growing globally, with varied demand growth seen across different nations depending on their economic situation. The manufacturing and issuance of banknotes are influenced by the central banks’ decisions. Despite the hike in usage of electronic method of payment, the need to hold cash is still strong. Throughout the period of the global financial turmoil, cash seems to be the only trustworthy source and the demand for cash at that moment rises strongly owing to people’s faith in real currency. The central banks, commercial organisations and governments depend upon currency manufacturers and their products to provide confidence and security to tackle the menace of counterfeit and combat illicit trade of banknotes. Therefore, with cutting-edge banknote technology there lies a great future for cash.
The trends prevailing in the market encompass the uptake of polymer banknotes, change in customer behaviour and colour changing, as a key security feature in banknotes. But there are a range of challenges as well, including counterfeiting and security themes, overcapacity resulting in pricing pressure and an upsurge of cashless or digital payments, amongst others. Financial fragility of the economy, GDP of the economy and the retirement of banknotes are the major drivers of the market’s growth. De La Rue, Fortress Paper and Geisecke & Devrient (G&D) are amid the dominant players in the industry.
New report “Global Banknote Market Report: 2015 Edition” drawn up by Koncept Analytics presents an all-round analysis of the banknote market on a global scale, as well as focuses on the markets of the USA, the Eurozone, the UK, New Zealand, Australia and Switzerland. The report sheds light on the overall market dynamics, covering key market growth drivers, game-changing developments, challenges and opportunities. It also examines the existing and emerging market development trends and discusses the hottest industry issues. The research study scrutinises the competitive landscape and profiles the top players in terms of such aspects as business overview, financials, and key strategies.
Global Banknote Market Report: 2015 Edition
Date: September, 2015
Price: US$ 800.00
More studies by the publisher can be found at Koncept Analytics page.