The postage stamp paper market is anticipated to grow on the backdrop of developing postal services all over the world. It is widely used for various purposes such as judicial, non-judicial, postal services and personal interest (collection). The philatelists and stamp collectors understand the importance and uniqueness of postage stamp paper. This trend of individuals gathering postage stamp paper is anticipated to propel the need for the postage stamp paper during the conjectured time frame, 2018-2028.
Moreover, it proffers protection against fraud in postal delivery services. It is used in legal services to execute processes lawfully. Postage stamp paper is used as a payment method rather than cash transaction amid judicial work, to avoid forgery. Additionally, the government generates revenue via the postage stamp papers sale. These variables will drive the postage stamp paper market over the projected period.
New Developments & Product Innovations
To counter the increased incidences of the forgery, market players such as Tullis Russell, rely on TR security stamp paper to detect if anyone attempts to forge their stamps. The company expertly manufactures postage stamp paper in an entirely secure environment, operative enough to hold up the constantly evolving world’s postal systems, to stay ahead of the forgers.
Furthermore, to address the risk of physical damage or deterioration, manufacturers are now using water-activated and self-adhesive applications, excellent perforation, and lay flat attributes. With progressions in technologies market, players can now print under adhesive or silicone, creates better micro text quality, affixing foils and holograms, and use security inks
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COVID-19 Impact Analysis
Considering the nature of the COVID-19 outbreak, any exchange of physical documents appears to be difficult. The physical stamping of instruments has become obsolete, during this unprecedented period. This circumstance has triggered the usage of the internet. However, the growing use of electronic stamps in the market will hamper the postal stamp paper market in the approaching year. In addition, the facility of e-stamping could be only availed in some selected states/UTs
Regional Insights
Asia Pacific excluding Japan (APEJ) market is anticipated to lead the global market. It is due to the use of postage stamp paper in nations such as China and India with a robust network postal network. The APEJ market will foresee an above-average growth pace during the following decade. Western Europe and North America regions are projected to foresee sturdy growth during the projected period due to the rising trend of e-stamps in the regional market. The Middle East and Africa market is anticipated for higher growth during 2018-2028. A few countries in the Africa region will drive the demand because of the lack of technology in the market.
Competitive landscape
A few of the major companies operating in the global market are UPM Raflatac, Tullis Russell, Security Papers Limited, Goznak, Adminware Corporation, BN Paper Company, Kaizen Metal Forming Private Limited, Glatfelter, Stamped Paper Co., FNMT-RCM, and Seaman Paper Asia.
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