A complete analysis of the global polymer note market is offered in the Global Polymer Banknotes Market: Industry Analysis and Outlook (2017-2021). De La Rue and Innovia Security Private Limited are the two major companies who produce polymer notes. They have been profiled in detail.
Although polymer notes were introduced in 1988, they have recently become more popular. These notes come with high-end security features which are very useful for curbing corruption and counterfeiting activities. They are more cost-effective than paper money since they are 2.5 times more durable with an average life of five to six years.
Apart from that, they are more environment-friendly and improve economic growth rate since they are cost-effective. They are made using unique bubble process with substrate base film based on a specialized form of Biaxial Orientated Polypropylene (BOPP).
Central Banks across the world are trying to replace old notes. People are also willing to accept Polymer notes. The cases of counterfeiting activities have also increased, leading to an increased demand for polymer notes. Reduced bargaining power of manufactures and costly process are two major reasons why certain Banks are not adopting polymer notes.
The report covers various topics like Market Overview, Banknotes Market Analysis, Polymer Notes Market Analysis, Market Dynamics, Challenges & Issues, Company Profiles etc.
Image Courtesy: Google Images