Global Banknote Market Report: 2015 Edition
Banknote is a promissory note which is issued by banks that is payable on demand to the bearer. The production and distribution of new banknotes and destruction of the unfit banknotes is the responsibility of the central bank of the respective countries. The demand for banknotes and substrate is fulfilled by state print works (SPW), state paper mills (SPM) and handful number of commercial print and paper manufacturers. SPWs and SPMs can also turn in to commercial providers to cater the unmet demand for banknotes.
As per the global banknote market, the demand for banknotes will continue to grow globally with varied demand growth across different countries as per their economic conditions. The production and issuance of banknotes are impacted by decisions of the central banks. Despite the increase in usage of electronic mode of payment, demand for holding cash remains strong. During the period of financial crisis, cash appear to be the only reliable source and the demand for cash at that point of time rises sharply due to the faith of people in real currency. The central banks, governments and commercial organizations depend on currency manufacturers and their products to deliver security and confidence to combat counterfeiting and illicit trade of banknotes. Hence, with latest banknote technology there lies a bright future for cash.
The key trends observed in the market include adoption of polymer banknotes, change in behavior of customers and color changing, as a dominant security feature in banknotes. But there are certain challenges too which include counterfeiting & security issues, overcapacity leading to pricing pressure and rise of digital or cashless payment among others. The market’s main growth drivers include financial instability of the economy, GDP of the economy and retirement of banknotes.
The report provides a comprehensive study of the global banknote market. The industry comprises few large players such as De La Rue, Geisecke & Devrient (G&D) and Fortress Paper. All these companies have been profiled in the present report highlighting their key financials and business strategies for growth.
As per the global banknote market, the demand for banknotes will continue to grow globally with varied demand growth across different countries as per their economic conditions. The production and issuance of banknotes are impacted by decisions of the central banks. Despite the increase in usage of electronic mode of payment, demand for holding cash remains strong. During the period of financial crisis, cash appear to be the only reliable source and the demand for cash at that point of time rises sharply due to the faith of people in real currency. The central banks, governments and commercial organizations depend on currency manufacturers and their products to deliver security and confidence to combat counterfeiting and illicit trade of banknotes. Hence, with latest banknote technology there lies a bright future for cash.
The key trends observed in the market include adoption of polymer banknotes, change in behavior of customers and color changing, as a dominant security feature in banknotes. But there are certain challenges too which include counterfeiting & security issues, overcapacity leading to pricing pressure and rise of digital or cashless payment among others. The market’s main growth drivers include financial instability of the economy, GDP of the economy and retirement of banknotes.
The report provides a comprehensive study of the global banknote market. The industry comprises few large players such as De La Rue, Geisecke & Devrient (G&D) and Fortress Paper. All these companies have been profiled in the present report highlighting their key financials and business strategies for growth.
1. BANKNOTE INDUSTRY
1.1 Overview
1.2 Banknote Lifecycle
1.2.1 Banknote Manufacturing Process
1.2.2 Banknote Printing, Packaging and Waste Management
1.2.3 Banknote Distribution Logistics Model
2. BANKNOTE INDUSTRY
2.1 Global Market
Share of Major Currencies
Global Banknote Issuance
Market Segmentation
2.2 Regional Markets
2.2.1 The US
Production by Volume
Production by Value
Breakdown by Denomination
2.2.2 The Eurozone
Circulation by Value
Circulation by Volume
Issuance by Volume
Production Volume by Denomination
Production Value by Denomination
2.2.3 The UK
Circulation by Value
Issuance by Value
Issuance by Volume
Breakdown by Denomination
Destruction by Value/Volume
Counterfeit by Value/Volume
2.2.4 Australia
Production by Volume
Issuance by Value
Breakdown by Denomination
2.2.5 New Zealand
Circulation by Value
Breakdown by Denomination
2.2.6 Switzerland
Circulation by Value
Circulation by Volume
Breakdown by Denomination
3. MARKET DYNAMICS
3.1 Growth Drivers
3.1.1 Financial Instability of the Economy
3.1.2 GDP of the Economy
3.1.3 Retirement of Banknotes
3.2 Key Trends
3.2.1 Adoption of Polymer Banknotes
3.2.2 Change in Behavior of Customers
3.2.3 Color Changing Security Feature in Banknotes
3.3 Significant Developments
3.3.1 Australian Banknotes for People with Vision Impairment
3.3.2 New Product Developments
3.4 Challenges
3.4.1 Counterfeiting & Security Issues
3.4.2 Rise of Digital or Cashless Payment
3.4.3 Secured Production of Banknotes
3.4.4 Overcapacity Leading to Pricing Pressure
4. COMPETITIVE LANDSCAPE
4.1 Global Market
5. COMPANY PROFILES
5.1 De La Rue plc.
5.1.1 Business Overview
5.1.2 Financial Overview
5.1.3 Business Strategies
5.2 Geisecke & Devrient (G&D) Group
5.2.1 Business Overview
5.2.2 Financial Overview
5.2.3 Business Strategies
5.3 Fortress Paper Ltd.
5.3.1 Business Overview
5.3.2 Financial Overview
5.3.3 Business Strategies
1.1 Overview
1.2 Banknote Lifecycle
1.2.1 Banknote Manufacturing Process
1.2.2 Banknote Printing, Packaging and Waste Management
1.2.3 Banknote Distribution Logistics Model
2. BANKNOTE INDUSTRY
2.1 Global Market
Share of Major Currencies
Global Banknote Issuance
Market Segmentation
2.2 Regional Markets
2.2.1 The US
Production by Volume
Production by Value
Breakdown by Denomination
2.2.2 The Eurozone
Circulation by Value
Circulation by Volume
Issuance by Volume
Production Volume by Denomination
Production Value by Denomination
2.2.3 The UK
Circulation by Value
Issuance by Value
Issuance by Volume
Breakdown by Denomination
Destruction by Value/Volume
Counterfeit by Value/Volume
2.2.4 Australia
Production by Volume
Issuance by Value
Breakdown by Denomination
2.2.5 New Zealand
Circulation by Value
Breakdown by Denomination
2.2.6 Switzerland
Circulation by Value
Circulation by Volume
Breakdown by Denomination
3. MARKET DYNAMICS
3.1 Growth Drivers
3.1.1 Financial Instability of the Economy
3.1.2 GDP of the Economy
3.1.3 Retirement of Banknotes
3.2 Key Trends
3.2.1 Adoption of Polymer Banknotes
3.2.2 Change in Behavior of Customers
3.2.3 Color Changing Security Feature in Banknotes
3.3 Significant Developments
3.3.1 Australian Banknotes for People with Vision Impairment
3.3.2 New Product Developments
3.4 Challenges
3.4.1 Counterfeiting & Security Issues
3.4.2 Rise of Digital or Cashless Payment
3.4.3 Secured Production of Banknotes
3.4.4 Overcapacity Leading to Pricing Pressure
4. COMPETITIVE LANDSCAPE
4.1 Global Market
5. COMPANY PROFILES
5.1 De La Rue plc.
5.1.1 Business Overview
5.1.2 Financial Overview
5.1.3 Business Strategies
5.2 Geisecke & Devrient (G&D) Group
5.2.1 Business Overview
5.2.2 Financial Overview
5.2.3 Business Strategies
5.3 Fortress Paper Ltd.
5.3.1 Business Overview
5.3.2 Financial Overview
5.3.3 Business Strategies
LIST OF CHARTS
Banknote Lifecycle
Banknote Printing Process
Banknote Distribution Model
COFER of Major Currencies Worldwide (1Q14-1Q15)
Share of Major Currencies Worldwide (2006-2014)
Global Banknote Issuance (2009-2017E)
Global Banknote Substrate Market by Segments (2014)
Global Banknote Print Market by Segments (2014)
Global Print Market Overspill on Order Basis (2009-2015E)
Annual Production Volume of US Currency Notes (2000-2014)
Production Share of US Currency Notes by Denomination (2014)
Euro Banknotes Production Volume (2003 July, 2015)
Euro Banknotes Production Share by Denomination (July 2015)
Number of Euro Banknotes in Circulation (2009 July, 2015)
Euro Banknotes in Circulation by Denomination (2010 July, 2015)
Value of Euro Banknotes in Circulation (2009 July, 2015)
Volume Share of Euro Banknote Issued by Denomination (June, 2015)
Number of Euro Counterfeits Removed from Circulation (2Q11-2Q14)
Counterfeit Euro Banknotes Removed from Circulation (2Q14)
Banknotes Production Volume in UK by Denomination (2014/15)
Volume Share of Banknotes Issued in UK by Denomination (2014/15)
Volume of Destructed Banknotes in UK by Denomination (2014/15)
Number of Counterfeits Removed from Circulation (2005-2014)
Counterfeits Removed from Circulation by Denomination (2014)
Notional Value of Counterfeits Removed from Circulation (2005-2014)
Australian Banknote Production Volume (2001-2014)
Australian Banknotes Issued by Value (2004-2014)
Australian Banknotes Issued by Denomination by Value (2014)
Number of Swiss Banknotes in Circulation (2001-2014)
Number of Swiss Banknotes in Circulation by Denomination (2014)
Global GDP World & Regions (2009-2014)
Overcapacity in Paper Market (2010-2017E)
Global Commercial Banknote Substrate Market Share (2014)
Global Commercial Banknote Print Market Share (2014)
De La Rue's Revenue Share by Business Segments (2015)
De La Rue's Revenue Share by Regions (2015)
De La Rue's Revenue and Profit (2011-2015)
De La Rue's Currency Segment Revenue (2011-2015)
G&D Group's Revenue Share by Business Segments (2014)
G&D Group's Revenue and Net Income (2010-2014)
G&D Group's Banknotes Revenue (2010-2014)
Fortress Paper Group’s Revenue Share by Business Segments (2014)
Fortress Paper Group’s Revenue Share by Regions (2014)
Fortress Paper Group’s Revenue and Net Income (2010-2014)
Fortress Paper Group’s Security Paper Revenue (2010-2014)
Banknote Lifecycle
Banknote Printing Process
Banknote Distribution Model
COFER of Major Currencies Worldwide (1Q14-1Q15)
Share of Major Currencies Worldwide (2006-2014)
Global Banknote Issuance (2009-2017E)
Global Banknote Substrate Market by Segments (2014)
Global Banknote Print Market by Segments (2014)
Global Print Market Overspill on Order Basis (2009-2015E)
Annual Production Volume of US Currency Notes (2000-2014)
Production Share of US Currency Notes by Denomination (2014)
Euro Banknotes Production Volume (2003 July, 2015)
Euro Banknotes Production Share by Denomination (July 2015)
Number of Euro Banknotes in Circulation (2009 July, 2015)
Euro Banknotes in Circulation by Denomination (2010 July, 2015)
Value of Euro Banknotes in Circulation (2009 July, 2015)
Volume Share of Euro Banknote Issued by Denomination (June, 2015)
Number of Euro Counterfeits Removed from Circulation (2Q11-2Q14)
Counterfeit Euro Banknotes Removed from Circulation (2Q14)
Banknotes Production Volume in UK by Denomination (2014/15)
Volume Share of Banknotes Issued in UK by Denomination (2014/15)
Volume of Destructed Banknotes in UK by Denomination (2014/15)
Number of Counterfeits Removed from Circulation (2005-2014)
Counterfeits Removed from Circulation by Denomination (2014)
Notional Value of Counterfeits Removed from Circulation (2005-2014)
Australian Banknote Production Volume (2001-2014)
Australian Banknotes Issued by Value (2004-2014)
Australian Banknotes Issued by Denomination by Value (2014)
Number of Swiss Banknotes in Circulation (2001-2014)
Number of Swiss Banknotes in Circulation by Denomination (2014)
Global GDP World & Regions (2009-2014)
Overcapacity in Paper Market (2010-2017E)
Global Commercial Banknote Substrate Market Share (2014)
Global Commercial Banknote Print Market Share (2014)
De La Rue's Revenue Share by Business Segments (2015)
De La Rue's Revenue Share by Regions (2015)
De La Rue's Revenue and Profit (2011-2015)
De La Rue's Currency Segment Revenue (2011-2015)
G&D Group's Revenue Share by Business Segments (2014)
G&D Group's Revenue and Net Income (2010-2014)
G&D Group's Banknotes Revenue (2010-2014)
Fortress Paper Group’s Revenue Share by Business Segments (2014)
Fortress Paper Group’s Revenue Share by Regions (2014)
Fortress Paper Group’s Revenue and Net Income (2010-2014)
Fortress Paper Group’s Security Paper Revenue (2010-2014)
LIST OF TABLES
Overview of Technological Changes in Banknote Industry
Production Value of US Currency Notes by Denomination (1980-2014)
Euro Banknotes Issued By Eurosystem by Volume (2008 June, 2015)
Stock of Notes in Circulation in the UK by Value (2004-2015)
Stock of Notes in Circulation in the UK by Volume (2004-2015)
Production of Bank of England Banknotes by Volume (2003-2015)
Issue of Bank of England Banknotes by Volume (2003-2015)
Issue of Bank of England Banknotes by Value (2003-2015)
Destruction of Bank of England Banknotes by Volume (2003-2015)
Destruction of Bank of England Banknotes by Value (2003-2015)
Damaged Bank of England Notes Claims Received (2010-2014)
Number of Australian Banknotes Circulated by Denomination (2014)
Counterfeit Banknotes in Australia (2013/2014)
New Zealand’s Low Denomination Notes in Circulation (2000-2015)
New Zealand’s High Denomination Notes in Circulation (2000-2015)
Swiss Banknotes in Circulation by Value by Denomination (2000-2014)
Overview of Technological Changes in Banknote Industry
Production Value of US Currency Notes by Denomination (1980-2014)
Euro Banknotes Issued By Eurosystem by Volume (2008 June, 2015)
Stock of Notes in Circulation in the UK by Value (2004-2015)
Stock of Notes in Circulation in the UK by Volume (2004-2015)
Production of Bank of England Banknotes by Volume (2003-2015)
Issue of Bank of England Banknotes by Volume (2003-2015)
Issue of Bank of England Banknotes by Value (2003-2015)
Destruction of Bank of England Banknotes by Volume (2003-2015)
Destruction of Bank of England Banknotes by Value (2003-2015)
Damaged Bank of England Notes Claims Received (2010-2014)
Number of Australian Banknotes Circulated by Denomination (2014)
Counterfeit Banknotes in Australia (2013/2014)
New Zealand’s Low Denomination Notes in Circulation (2000-2015)
New Zealand’s High Denomination Notes in Circulation (2000-2015)
Swiss Banknotes in Circulation by Value by Denomination (2000-2014)
