Security Paper Market Size

Security Paper Market size is estimated at USD 16.4 billion in 2024 and is expected to surpass USD 37.1 billion by the end of 2037, growing at a CAGR of 6.5% during the forecast period, i.e., 2025-2037. In 2025, the industry size of security paper is assessed at USD 17.4 billion.

Global government policies to curb counterfeiting and fraudulent activities drive demand for paper products with improved security features. Security papers with characteristics such as holograms, watermarks, and security threats are in high demand in industries dealing with legal documents, currencies, and certificates. This governmental push encourages investment in research and development of additional security features by ensuring continued market demand and innovation in security paper technology.

The industry is also being driven by the rise in tourism, raising the need for passports and visas. According to the European Travel Commission, the Middle East, Africa, and Asia Pacific are expected to see significant increases in inbound tourist visitor growth in 2021, with percentages of 6%, 5.2%, and 4.7%, respectively. This rising tourism across the globe is in turn expected to increase the sales of security papers in the coming years.