BRIC Hernia Repair Devices Market Outlook to 2023 Global Polymer Banknotes Market by Segment, Custom

Global Polymer Banknotes Market by Segment, Customers, Volume,
Economies, Analysis and Forecast to 2021
ReportsWeb.com published “Polymer Banknotes Market” from its database. The report covers
the market landscape and its growth prospects over the coming years. The report also includes a
discussion of the key vendors operating in this market.
Polymer notes in last few years have become very popular among central banks despite of
them being in use since 1988. These notes are primarily used to counter corruption and
practice of counterfeit money in an economy. Additionally, polymer notes prove to be more
cost effective in long run when compared to the production of paper banknotes because they
last at least 2.5 times longer than the paper alternative, which equates to an average of five to
six years in circulation.
Polymer notes, incorporated with many security features; proves to be more environmental
friendly than other types in circulation. Global polymer notes market is progressively increasing
at a robust growth rate with various central banks & governments heading towards its
adoption. Polymer notes are created using unique bubble process with substrate base film
based on a specialized form of Biaxial Orientated Polypropylene (BOPP).
For more information about this report: http://www.reportsweb.com/global-polymer-
banknotes-market-industry-analysis-and-outlook
Growth factors of the global polymer notes market include increasing banknote production &
circulation, cost effectiveness of polymer notes, and accelerating economic growth. Major trends
of the market include increasing replacement of old notes, willingness among people to switch
to polymer notes, and increased concerns over counterfeit currencies. The market growth is
hindered by reduced bargaining power of manufactures, and costly process.
The report offers an in-depth analysis of the global polymer note market. The polymer notes
market has only two players i.e. De La Rue and Innovia Security Private Limited, which have been
profiled in detailed.
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