Upcoming Publication on European Banknote Industry-Prospects for Printing and Paper Manufacturing |
In 2010, value of total banknotes in circulation grew at a rate 4.13% from previous year. Euro coins in circulation has increased by 6.20% |
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| Contact Information |
AM Mindpower Solutions
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Phone: 901537824
Email: ankur@ammindpower.com
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Market Press Release – December 18, 2011 6:38 pm – The upcoming report on “European Banknote Industry-Prospects for Printing and Paper Manufacturing” will provide a detailed study on European banknote demand and supply. The report will cover production and circulation of EU banknotes and coins by value and volume, industry developments, growth drivers and major issues prevailing in the industry. It will also include competitive environment in the EU banknote industry and profile of major players (DE LA RUE PLC, Giesecke & Devrient GmbH and Oberthur Technologies).
Euro cash in circulation is continuously increasing even outside Euro Zone and reflecting a rapid growth compared to GDP. Euro has a great significance in international market after USD and is rapidly gaining more importance. This trend is pressurizing European Central Bank to maximize production. Security printing market is already established in Western Europe while in Eastern Europe it is slowly gaining popularity. In terms of future prospects, security printing in Eastern Europe has a great potential due to the availability of low cost labor, developing economy, and growing investor’s interest in setting up their printing units in the region.
In 2010, demand for banknotes to be produced was low comparative to the previous year. There was a fall in number of EUR 20 and EUR 50 notes produced in 2010 comparative to previous year. Banknote circulation is increasing over a period of time due to increasing immigrations and countries adopting Euro currency.
At present, EU states are facing a shortfall in skilled workers due to a fall in number of immigrants to EU. With the fall in number of migrant workers to EU, circulation of EU currency in value and volume terms has also declined. This trend is momentarily and is expected to change soon with an improvement in European Economy.
Scope of the report
The present report may help security printing companies to find future prospects in the EU banknote market.
With the help of industry size and recent trends and developments new players can form strategies to enter safely in the EU region.
This report will benefit State printing works, Banknote substrate suppliers, Security technology suppliers and consultants.
Report covers latest industry figures and segments information.
For more information, please contact info@ammindpower.com
For more information, visit: http://ammindpower.com/press-release.php?a=92
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| Related Tags: Banknote printing, security printing, euro currency, production of Eurobanknotes, circulation of banknotes, Immigrations to Europe, polymer banknotes, counterfeit Euro |
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