The Lifecycle of Banknotes: Scenarios and forecasts to 2022

The banknote industry is tight knit and its information is carefully controlled. Consequently, there are very few publications that report on the lifecycle of banknotes.

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Product detail
Product type: Market report
Date of publication: 14 Dec 2012
Product format: Digital Copy, Hard Copy
Number of pages: 167
Number of tables: 14
Number of figures: 92
Forecast range: 2012-2022

The banknote industry is tight knit and its information is carefully controlled. Consequently, there are very few publications that report on the lifecycle of banknotes. Based on exclusive primary research and leveraging Smithers Pira's network of contacts and industry reports, The Lifecycle of Banknotes: Scenarios and Forecasts to 2022 is the definitive market report for the banknote industry. Despite the growth of alternate methods of payment, such as plastic cards and online payment, the overall use of cash has not declined and the number of notes in circulation continues to rise. This report provides exclusive strategic analysis on banknote markets - essential reading.

Description

INCLUDED IN THIS REPORT:

  • Quantitative and qualitative forecasts for global banknote markets to 2022
  • Primary and secondary research highlighting major players in the industry, market drivers andgeographic trends
  • Nearly 100 exclusive tables and figures showing trends influencing global banknote demand

METHODOLOGY

The Lifecycle of Banknotes: scenarios and forecasts to 2022 is based on extensive primary research, comprised of detailed
interviews and discussions with a wide cross section of industry experts. Additionally, secondary sources, including industry reports and government sources, published literature and statistics, in-house market and technology reports, and conference presentations have all been consulted to achieve a high level of contextual information, covering materials, banknote security features, equipment and devices. The scope of this study is on a global scale, and so research for this report covers a wide spectrum of data in each key region, as well as literature and internet research.

FIND OUT ABOUT

  • Drivers and trends affecting banknote demand to 2022
  • The latest banknote design trends - what has driven them and how they vary geographically
  • Cutting-edge security technologies

HOW WILL THIS MARKET INTELLIGENCE REPORT BENEFIT YOU?

  • Receive clear, concise and accurate market forecasts by region to 2022
  • Gain insight into design trends and standards shaping the industry
  • Access detailed quantitative and insightful qualitative data and analysis

WHO SHOULD BUY THIS REPORT?

  • Central banks
  • State printing works
  • High-security printers
  • Banknote substrate suppliers
  • Security technology suppliers
  • Consultants and analysts

WHAT'S INCLUDED IN THE PRICE?

  • One hard copy of the report sent to you on publication date
  • Electronic copy with searchable PDF
  • Global intranet licence allowing everyone in your organisation electronic access to the study

Table of Contents

EXECUTIVE SUMMARY 

  • Banknote demand
  • ↘↘ Banknote design
  • ↘↘ Banknote substrates and security technologies
  • ↘↘ Banknote printing
  • Postprint operations, circulation and cash handling
  • Unmet needs of central banks Introduction and methodology
  • Report scope
  • Report objective
  • Methodology
  • Data sources
  • Security printing technology definitions

BANKNOTE DEMAND: DRIVERS AND TRENDS TO 2022

  • Key drivers and trends
  • ↘↘ Ten key drivers for banknote demand
  • Current market for banknotes
  • Production
  • ↘↘ Machinery suppliers
  • ↘↘ Substrate suppliers
  • ↘↘ Currency paper suppliers
  • ↘↘ Banknote ink suppliers
  • ↘↘ DOVID, hologram and specialist foil suppliers
  • ↘↘ Banknote printers
  • Banknote usage
  • ATMs
  • Credit cards
  • Electronic money
  • ↘↘ Fare collection systems
  • ↘↘ Toll collection systems
  • ↘↘ Online payment systems
  • ↘↘ Electronic currencies
  • ↘↘ Transactions via mobile telephones
  • ↘↘ Contactless smartcards
  • ↘↘ Pre-paid and re-loadable debit cards
  • Geographic trends
  • Scenarios and forecasts to 2022
  • ↘↘ Cash as a means of storing value
  • ↘↘ Cash as a means of payment
  • Banknote Design Trends
  • Key drivers and trends
  • Changes in political regime, leader or signatory
  • Anniversaries and events
  • Changes in the denominational structure or currency type
  • Changes in level of counterfeiting
  • Key drivers for continuity
  • Stakeholders in banknote design
  • Design software
  • ↘↘ Guilloché patterns
  • ↘↘ Digital anti-copy
  • ↘↘ The EURion Constellation
  • ↘↘ The counterfeit deterrence system
  • Future design
  • Geographic trends
  • Scenarios and forecasts to 2012
  • Banknote substrates and security technologies
  • Key drivers and trends
  • Anti-counterfeiting
  • Overt features
  • Covert features
  • Production of substrates: raw materials
  • Raw materials: cotton vs polymer
  • ↘↘ Increase in the price of cotton vs constituents of polymer
  • Paper manufacture
  • ↘↘ Paper made of cotton
  • >> Manufacturing of cotton paper vs polymer and hybrid substrates
  • ↘↘ Other banknote substrates with polymer layers or fibres
  • >> Diamone Composite
  • >> Hybrid
  • >> Durasafe
  • >> Fusion
  • >> Flexycoin
  • Security features added by the polymer substrate manufacturer
  • Security features added by the paper manufacturer
  • Watermarks
  • ↘↘ Multi-tonal watermarks
  • ↘↘ Duotone watermarks
  • ↘↘ Electrotype watermarks
  • Security threads
  • Stripes and straps
  • Security fibres and planchettes
  • ↘↘ Security fibres
  • ↘↘ Planchets
  • Sheeting, finishing and packing

GEOGRAPHIC TRENDS

  • ↘↘ Asia
  • ↘↘ Australasia
  • ↘↘ Europe
  • ↘↘ North America
  • >> US
  • Scenarios and forecasts to 2022

BANKNOTE PRINTING 

  • Key drivers and trends
  • Plate design and engraving and production of plates by electroforming
  • Intaglio portrait design
  • Intaglio plate replication
  • Computer to intaglio plate technology (CTIP)
  • Printing of banknotes security features added by the printer
  • ↘↘ Intaglio, offset, screen and letterpress printing
  • ↘↘ Hot-stamping foil
  • ↘↘ Digital printing
  • ↘↘ Laser ablation
  • ↘↘ Security inks
  • ↘↘ Colour-shifting inks
  • ↘↘ Machine-readable optically variable ink
  • ↘↘ Metameric optically variable ink
  • ↘↘ Thermochromic inks
  • Ultraviolet inks
  • Infrared inks
  • Magnetic inks
  • ↘↘ Magnetic OVI
  • DOVIDs and holograms
  • OVIDs
  • DIDs

GEOGRAPHIC TRENDS 

  • ↘↘ Asia
  • ↘↘ Eastern Europe
  • ↘↘ North America
  • >> Reduction in the use of cash in the US
  • ↘↘ South America
  • ↘↘Western Europe
  • ↘↘ The rest of the world

SCENARIOS AND FORECASTS TO 2022

  • Postprint Operations, Circulation and Cash Handling
  • Final banknote inspection and currency quality management
  • Sheet or single note inspection
  • Sequential or non-sequential numbering
  • Cutting, bundling and packaging
  • Circulation and cash handling
  • Banknotes and coins
  • The changing role of the Central Bank
  • Centralised or localised processing
  • Ultra-high and high-speed note sorting
  • Banknote recycling devices
  • Cash logistics
  • Destruction, cancellation
  • Recycling and disposal of destroyed banknotes/banknote briquettes

UNMET NEEDS OF CENTRAL BANKS

  • Key drivers and trends
  • ↘↘ Speed of change
  • ↘↘ Denominational mix and the note/coin boundary
  • ↘↘ Counterfeits
  • ↘↘ Currency recirculation
  • ↘↘ Case studies
  • >> US, Federal Reserve System
  • >> Australia, Reserve Bank of Australia
  • >> Netherlands, Dutch National Bank
  • ↘↘ A cashless or less cash society
  • Market opportunities/scenarios and forecasts to 2022
  • ↘↘ Impact of non-cash payment mechanisms
  • ↘↘ Cash forecasting and cash management
  • ↘↘ Currency recirculation
  • ↘↘ Durability, quality and authenticity
  • ↘↘ Serial number tracking/law enforcement
  • ↘↘ Currency unions

Tables and Figures

  • Bank of England banknotes in circulation
  • Quantity of US banknotes printed, 1990-2011
  • Quantities of $1 notes in circulation, 1990-2011 (billions)
  • Quantity of US banknotes in circulation, 1990-2011
  • Global currency in circulation, 2002-11 and forecast to 2022 ($ trillion)
  • The banknote printing process
  • The EyeNote application for the blind and visually impaired
  • DLR 9000 single note inspection machine
  • Currency in circulation
  • The composition of global cash, banknotes and coins
  • Estimated global value of MO, 2002-22
  • State printing works, banknote production, 2012
  • Banknote paper production, 2012
  • Banknote substrates: available market share
  • Commercial banknote printers
  • Top 20 countries served by HSPs, estimated percentage share of volume, 2012
  • The distribution of the available commercial printing market for banknotes, 2012
  • US currency in circulation, 1985-2012
  • Composition of US dollar value by banknote denomination
  • The percentage proportion of Federal Reserve notes in circulation, by quantity, 2011
  • Value of US currency in circulation, 1990-2011
  • Growth in the number of automated teller machines (ATMs) per million inhabitants for selected countries, 2006-10
  • Growth in the number of ATMs by region, 2010
  • The global growth of ATMs, 1972-2012 and forecast to 2022
  • Total consumer credit outstanding in the US, 2000-12
  • Different forms of digital payment systems and their threat to cash
  • The forecast use of pre-paid cards, 2012-22 ($ billions)
  • Circulation of Euro banknotes, 2002-12 and forecast to 2022, by value
  • Growth of the currency component of M1 in the US, 2000-12 and forecast to 2022
  • MO for China, 2000-12 and forecast to 2022
  • Banknotes and coins in circulation in Japan, 2002-10 and forecast to 2022, ($ billions)
  • Composition of US dollar value bybanknote denomination
  • Composition of Euro Value by banknote denomination
  • Banknotes and coins in circulation as percentage of GDP, 2010
  • Percentage of citizens living on $20 a day (PPP), 2011
  • Design of the $1 note
  • Counterfeit Canadian banknotes, passed 1992-2010
  • Canadian polymer $20 note
  • ONE Studio from KBA NotaSys
  • Guilloché patterns on a British £10 note
  • Screenshot of guilloché design being created
  • The EURion Constellation on three notes
  • Moiré caused by digital scanning of $100 note
  • Augmented reality application for banknotes
  • Japanese 5,000 yen bill
  • Multi-variable colour feature from Goznak
  • Goznak plastic window area on promotional banknote
  • 1,000 Rupee note
  • Designing for Guardian polymer substrate
  • Barcodes on banknote designed for the Central Bank of Sweden
  • The system boundaries for the comparison study of paper vs polymer
  • Clarity bubble formation
  • De La Rue's Flexycoin currency substrate
  • Stripes of foil applied to banknote paper
  • OVD Kinegram's Kingram dynamic
  • De La Rue's Optkis
  • Countries which have issued a Guardian substrate denomination
  • Shares of global middle class consumption, 2000-50
  • Aegis chemical watermarks shown on YouTube
  • Electroforming tank and plates
  • The Komori currency IC532111 intaglio press
  • Offset rainbow printing
  • The SPARK module on the KBA NotaSys NotaScreen printer
  • Array of banknote numbering boxes
  • Construction of optically variable pigment
  • Metameric optically variable inks
  • Example of multi-colour ultra-violet ink feature
  • UV features of genuine vs counterfeit Euro banknotes
  • Sample banknote with SICPA's SPARK feature
  • Foil-on-foil counterfeit of the hologram stripe on £20 note
  • Foil-on-foil counterfeit of the Canadian Journey stripe series
  • RFID Crystagram DOVID antenna for contactless IC chips
  • Diffractive identify device (DID) patch on Philippines banknote
  • Global demand for currency in 2011, percentage share by region
  • Global banknote production, top 20 countries
  • Distribution of banknote demand in Asia, 2011
  • Distribution of banknote demand in eastern Europe
  • Banknote demand in North America by region, 2011
  • Cost of printing US banknotes, 1990- 2011
  • Distribution of banknote demand in South America
  • Distribution of banknote demand in western Europe, 2010
  • Printers of Euro banknotes
  • Distribution