은행권 인쇄 시장 : 제공 제품별, 인쇄 유형별, 제품 유형별, 디노미네이션(denomination)별, 생산능력별, 보안 기능별, 최종사용자별 - 세계 예측(2025-2030년)

The Banknotes Printing Market was valued at USD 15.92 billion in 2024 and is projected to grow to USD 17.02 billion in 2025, with a CAGR of 7.23%, reaching USD 24.22 billion by 2030.

Setting the Stage for Banknote Printing Excellence with State-of-the-Art Technologies in an Evolving Global Security Landscape

The banknote printing sector stands at a pivotal moment, shaped by mounting demands for enhanced security features, environmental sustainability, and digital integration. Central and commercial banks increasingly prioritize intricate anti-counterfeiting measures, forcing printers to blend traditional craftsmanship with cutting-edge technological advances. Meanwhile, the emergence of central-bank digital currencies exerts indirect pressure on physical currency producers to demonstrate irreplaceable value through innovation. Beyond security and digital discourse, regulatory scrutiny intensifies as governments seek to counter illicit finance, compelling currency issuers to adopt robust design elements and traceability solutions. This confluence of drivers has elevated printing equipment and services providers from mere vendors to strategic partners, challenged to deliver integrated solutions that span design, material selection, and lifecycle management.

Against this backdrop, the industry must reconcile long-standing production paradigms with agile, forward-thinking approaches. Emerging materials, refinements in printing technology, and the push for plant efficiency converge to reshape operational blueprints. Stakeholders require a comprehensive understanding of each element-from gravure and intaglio presses to polymer-based substrate trials-while ensuring that every banknote withstands counterfeiting threats and aligns with sustainability targets. This executive summary sets the stage by highlighting transformative trends, regulatory impacts, segment-specific insights, and actionable recommendations, guiding decision-makers toward informed strategies in an increasingly complex financial security landscape.

Unraveling the Transformative Shifts Redefining Banknote Printing from Security Innovations to Sustainable Material Adoption Worldwide

Recent years have witnessed a paradigm shift in banknote printing, driven by a fusion of technological leaps and evolving stakeholder expectations. Advances in color-shifting inks, microscopic engraving techniques, and nanofiber embedding now enable more resilient anti-counterfeiting defenses. Simultaneously, eco-conscious policies are triggering a move toward polymer substrates and sustainable production chemicals, reflecting an industry striving to reduce ecological footprints without compromising security. In parallel, strategic alliances between ink manufacturers and press fabricators foster seamless integration of novel features directly into printing lines, streamlining workflows and shortening time-to-market for new banknote designs.

Moreover, the landscape is being reshaped by geopolitical considerations and evolving tender processes for currency printing contracts. Currency-issuing authorities are emphasizing risk diversification, often awarding work across multiple vendors to ensure supply chain redundancy. This shift pressures traditional incumbents to optimize capacity utilization, embrace modular production cells, and demonstrate end-to-end traceability through digital platforms. As these transformative patterns coalesce, industry participants must remain vigilant and adaptive, forging partnerships that marry security innovation with sustainable practices to meet the broader imperatives of financial integrity and environmental stewardship.

Assessing the Comprehensive Repercussions of 2025 United States Tariff Measures on the Global Banknote Printing Ecosystem

In 2025, the implementation of heightened United States tariff measures introduced notable reverberations across the banknote printing ecosystem. Suppliers exporting specialized press components and security substrates to the US market faced escalated input costs, prompting some to reassess production allocations and sourcing strategies. These adjustments led to greater intra-regional collaboration as North American printers sought to mitigate cost pressures by increasing their reliance on domestic equipment manufacturers. Conversely, certain European and Asia-Pacific fabricators leveraged existing free-trade agreements to fill capacity gaps, bolstering their order books at the expense of higher-tariff importers.

Despite these challenges, the broader industry response underscored resilience. End users renegotiated contracts to secure fixed pricing arrangements and longer-term supply commitments, cushioning themselves against tariff volatility. Concurrently, research and development investments persisted, as many firms recognized that advanced security printing innovations could offset margin risks through value differentiation. Ultimately, the 2025 tariff landscape catalyzed a shift toward localized production networks and reinforced the strategic importance of diversified sourcing, even as it reaffirmed the benefits of technological leadership in maintaining competitive advantage.

Delivering Strategic Clarity through In-Depth Segmentation Analysis Spanning Offerings Technologies Materials Denominations Security and End Users

A nuanced analysis of market segments reveals the critical role of tailored solutions across the full spectrum of offerings, technologies, materials, denominations, security features, production scales, and end-user requirements. When considering offerings, printing equipment vendors have evolved their portfolios to deliver integrated systems alongside auxiliary services, ensuring that central banks and commercial institutions receive turnkey support that covers press commissioning, maintenance, and software upgrades. In the realm of printing technologies, gravure and intaglio methods continue to dominate high-security banknote production, while offset printing has gained traction for mid-volume runs and letterpress retains strategic relevance for select security elements. Manufacturers experimenting with polymer-based substrates are evaluating their adhesion compatibility and long-term durability, even as paper-based solutions comprising 100% cotton or cotton-linen blends remain the benchmark for many legacy issuers.

Denomination segmentation highlights distinct requirements for low-, medium-, and high-value notes, each demanding different combinations of inks, foils, and threads to balance cost efficiency with deterrence efficacy. Security features such as color-shifting inks, holograms, microprinting, raised tactile elements, embedded threads, and watermark motifs must be calibrated to the intended circulation environment. At the same time, production capacity tiers ranging from small artisanal batches to large-scale series presses influence capital expenditure priorities and floor-space planning. Finally, end-user profiles underscore the divergent objectives of central banks, commercial banks, and currency-issuing authorities, each converging on the need for reliability, variant customization, and post-issuance analytics to refine anti-counterfeiting strategies.

Navigating Regional Dynamics Driven by Americas Innovations Europe Middle East Africa Collaborations and Asia-Pacific Growth Trajectories

The Americas region continues to benefit from robust infrastructure investment and a strong tradition of collaboration between equipment makers and currency authorities. North American central banks have placed heightened emphasis on domestic press manufacturing, supporting local supply chains and advanced research in next-generation security substrates. In South America, cost sensitivity drives experimentation with polymer-based blends that offer extended lifespan under harsh environmental conditions, while several governments explore shared printing facilities to optimize regional capacity.

In Europe, Middle East & Africa, a juxtaposition of established mints and emerging currency markets has created a dynamic interplay of demand for bespoke security solutions. European issuers lean heavily on specialized intaglio techniques and sophisticated microprinting, whereas Middle Eastern and African nations often adopt modular printing cells to manage budget constraints while gradually increasing print volumes. Cross-border alliances have gained momentum, facilitating technology transfer and joint pilot programs for new security elements. Meanwhile, Asia-Pacific represents a hotbed of growth, driven by rising cash usage in select markets, considerable investments in polymer note trials, and a burgeoning equipment manufacturing sector. Regional players are expanding their global footprints, leveraging cost-competitive fabrication and rapid prototyping capabilities to meet both domestic and export needs.

Illuminating Competitive Leadership Strategies and Technological Prowess Demonstrated by Preeminent Banknote Printing Industry Players Worldwide

Leading companies in the banknote printing sphere are distinguished by their ability to blend heritage craftsmanship with relentless innovation. Several European-based firms have maintained dominance through continuous enhancement of intaglio press precision and deepening expertise in anti-counterfeiting inks. Simultaneously, a cohort of manufacturers in Asia-Pacific has expanded capacity by investing in digital inspection systems and automated substrate handling, strengthening their position as cost-effective partners for emerging central banks.

Corporate strategies increasingly revolve around vertical integration, with suppliers acquiring specialized ink formulators or security thread producers to deliver end-to-end solutions. Collaboration with technology startups further amplifies competitive advantage, enabling early adoption of nanostructured foils and blockchain-enabled note authentication platforms. These strategic moves not only diversify revenue streams but also fortify customer relationships by reducing time-to-market for complex banknote series. As the competitive landscape intensifies, the most successful organizations will be those that harness cross-functional expertise, leverage data analytics to anticipate end-user requirements, and maintain rigorous quality management systems across global production networks.

Empowering Industry Leaders with Tactical Recommendations to Strengthen Security Efficiency and Sustainability in Banknote Production Operations

To thrive amid evolving security threats and market complexities, industry leaders should prioritize several key initiatives. First, investing in research partnerships with material science experts will accelerate the development of sustainable substrates and advanced inks that meet rigorous durability and ecological standards. Second, forging strategic alliances across the supply chain-from substrate mills to electronic tracking providers-will enhance resilience and ensure seamless integration of cutting-edge features. Furthermore, upgrading existing press lines with modular automation and real-time quality monitoring can significantly reduce production defects and cut operational costs.

Organizations should also cultivate a data-driven mindset by capturing and analyzing post-issuance performance metrics, enabling rapid refinement of security elements and print processes. Additionally, expanding pilot programs for polymer-based banknotes in diverse circulation environments will generate critical insights for broader rollouts. Finally, embedding sustainability targets into capital expenditure planning and aligning with international green manufacturing standards will not only fulfill regulatory expectations but also strengthen brand reputation among end-users and stakeholders.

Unveiling Rigorous Research Methodology Underpinning Insights Through Comprehensive Data Collection Validation and Analytical Frameworks

This research draws on a rigorous, multi-stage methodology designed to ensure both depth and accuracy. Primary data were collected through structured interviews with central bank officials, currency issuing authorities, and senior executives at printing and ink manufacturing firms. Field visits to leading production sites complemented these interviews, providing firsthand observations of press configurations, substrate handling systems, and in-line inspection technologies. Secondary research incorporated a thorough review of regulatory frameworks, patent filings, and technical whitepapers to contextualize emerging innovations.

Data triangulation was achieved by cross-referencing insights from industry analysts, trade associations, and academic publications, while detailed case studies of recent banknote launches offered real-world validation of key trends. Both qualitative assessments and quantitative performance indicators were analyzed to distill actionable insights. This layered approach-combining expert consultation, empirical observation, and comprehensive literature review-underpins the reliability of the findings and ensures that the recommendations align with the strategic priorities of decision-makers across the banknote printing value chain.

Synthesizing Critical Insights into the Future of Banknote Printing to Illuminate Strategic Imperatives and Industry Evolution Pathways

The banknote printing industry stands at the confluence of security innovation, sustainable practice, and operational excellence. As advanced printing technologies converge with heightened regulatory scrutiny and environmental imperatives, stakeholders must adopt integrated approaches that span equipment, materials, and post-issuance analytics. The segmentation analysis underscores the need for bespoke solutions, whether through high-precision intaglio presses for high-value denominations or cost-effective offset lines for routine circulation notes. Regional insights reveal that while established markets continue to refine capabilities, emerging economies present fertile ground for polymer-based trials and collaborative capacity sharing.

Moreover, the impact of trade measures and geopolitical shifts highlights the importance of diversified sourcing strategies and local production partnerships. Industry leaders are thus called to harness cross-sector alliances, strengthen data-driven decision-making, and embed sustainability into every aspect of operations. By aligning strategic investments with evolving end-user requirements and advancing security feature development, organizations can navigate complexity and secure their competitive edge. Ultimately, the insights presented here chart a path for banknote printers to deliver greater value, resilience, and trust in an increasingly cash-centric world.

Table of Contents

1. Preface

• 1.1. Objectives of the Study
• 1.2. Market Segmentation & Coverage
• 1.3. Years Considered for the Study
• 1.4. Currency & Pricing
• 1.5. Language
• 1.6. Stakeholders

2. Research Methodology

• 2.1. Define: Research Objective
• 2.2. Determine: Research Design
• 2.3. Prepare: Research Instrument
• 2.4. Collect: Data Source
• 2.5. Analyze: Data Interpretation
• 2.6. Formulate: Data Verification
• 2.7. Publish: Research Report
• 2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

• 4.1. Introduction
• 4.2. Market Sizing & Forecasting

5. Market Dynamics

• 5.1. Increasing adoption of advanced anti-counterfeiting features such as color-shifting inks and nano-optic security threads
• 5.2. Rising demand for polymer substrate banknotes driven by longevity and cost-effectiveness compared to cotton-based notes
• 5.3. Integration of embedded electronic components for digital authentication and traceability of banknotes
• 5.4. Shift towards eco-friendly printing processes using recycled substrates and UV-curable inks to reduce environmental impact
• 5.5. Growing investment in automation and AI-driven quality inspection systems in banknote printing operations
• 5.6. Collaboration between central banks and private security printers to develop customized currency designs with enhanced security
• 5.7. Impact of COVID-19 on contactless payment adoption and its influence on reduced banknote circulation and printing volumes

6. Market Insights

• 6.1. Porter's Five Forces Analysis
• 6.2. PESTLE Analysis

7. Cumulative Impact of United States Tariffs 2025

8. Banknotes Printing Market, by Offering

• 8.1. Introduction
• 8.2. Printing Equipment
  • 8.2.1. Cutting & Packaging Equipment
  • 8.2.2. Embossing & Foiling Machines
  • 8.2.3. Inspection & Sorting Machines
  • 8.2.4. Printing Presses
• 8.3. Software & Services

9. Banknotes Printing Market, by Printing Type

• 9.1. Introduction
• 9.2. Digital Printing
• 9.3. Gravure Printing
• 9.4. Intaglio Printing
• 9.5. Letterpress Printing
• 9.6. Offset Printing
• 9.7. Screen Printing

10. Banknotes Printing Market, by Material Type

• 10.1. Introduction
• 10.2. Cotton-Based Paper
• 10.3. Paper-Based
• 10.4. Polymer-Based

11. Banknotes Printing Market, by Denomination

• 11.1. Introduction
• 11.2. High-denomination Banknotes
• 11.3. Low-denomination Banknotes
• 11.4. Medium-denomination Banknotes

12. Banknotes Printing Market, by Production Capacity

• 12.1. Introduction
• 12.2. Large-scale Production
• 12.3. Medium-scale Production
• 12.4. Small-scale Production

13. Banknotes Printing Market, by Security Features

• 13.1. Introduction
• 13.2. Covert Features
  • 13.2.1. Infrared Ink
  • 13.2.2. Magnetic Inks
  • 13.2.3. Microtext
  • 13.2.4. UV Features
• 13.3. Overt Features
  • 13.3.1. Color-Shifting Ink
  • 13.3.2. Holographic Strips
  • 13.3.3. Optically Variable Ink
  • 13.3.4. Security Threads
  • 13.3.5. Watermarks

14. Banknotes Printing Market, by End-user

• 14.1. Introduction
• 14.2. Central Banks
• 14.3. Commercial Banks
• 14.4. Currency Issuing Authorities

15. Americas Banknotes Printing Market

• 15.1. Introduction
• 15.2. United States
• 15.3. Canada
• 15.4. Mexico
• 15.5. Brazil
• 15.6. Argentina

16. Europe, Middle East & Africa Banknotes Printing Market

• 16.1. Introduction
• 16.2. United Kingdom
• 16.3. Germany
• 16.4. France
• 16.5. Russia
• 16.6. Italy
• 16.7. Spain
• 16.8. United Arab Emirates
• 16.9. Saudi Arabia
• 16.10. South Africa
• 16.11. Denmark
• 16.12. Netherlands
• 16.13. Qatar
• 16.14. Finland
• 16.15. Sweden
• 16.16. Nigeria
• 16.17. Egypt
• 16.18. Turkey
• 16.19. Israel
• 16.20. Norway
• 16.21. Poland
• 16.22. Switzerland

17. Asia-Pacific Banknotes Printing Market

• 17.1. Introduction
• 17.2. China
• 17.3. India
• 17.4. Japan
• 17.5. Australia
• 17.6. South Korea
• 17.7. Indonesia
• 17.8. Thailand
• 17.9. Philippines
• 17.10. Malaysia
• 17.11. Singapore
• 17.12. Vietnam
• 17.13. Taiwan

18. Competitive Landscape

• 18.1. Market Share Analysis, 2024
• 18.2. FPNV Positioning Matrix, 2024
• 18.3. Competitive Analysis
  • 18.3.1. Bundesdruckerei GmbH
  • 18.3.2. Canadian Bank Note Company, Limited
  • 18.3.3. Banque de France
  • 18.3.4. Bobst Group
  • 18.3.5. CCL Industries Inc.
  • 18.3.6. China Banknote Printing and Minting Corporation
  • 18.3.7. Crane & Co., Inc.
  • 18.3.8. De La Rue Plc.
  • 18.3.9. Giesecke+Devrient GmbH
  • 18.3.10. Koenig & Bauer AG
  • 18.3.11. Komori Corporation
  • 18.3.12. Korea Minting and Security Printing Corporation
  • 18.3.13. MABEG Systems GmbH
  • 18.3.14. NanoMatriX International Limited
  • 18.3.15. Note Printing Australia Limited
  • 18.3.16. Oberthur Fiduciaire SAS
  • 18.3.17. Orell Fussli AG
  • 18.3.18. Oumolat
  • 18.3.19. Security Printing and Minting Corporation of India Ltd.
  • 18.3.20. SICPA Holding SA
  • 18.3.21. The Hungarian Banknote Printing Company

19. ResearchAI

20. ResearchStatistics

21. ResearchContacts

22. ResearchArticles

23. Appendix