LONDON, ENGLAND—  ‘The Future of Global Security Printing to 2024’ by Smithers Research  forecasts the global security printing market value will increase from $29.5 billion in 2019 to $36 billion by 2024, with a compound annual growth rate  of 4.1%. As the market transforms, demand for printed banknotes will increase, but the market must adjust to overcapacity and completion from non-cash payment. The shift to polymer banknotes is progressing with over 20 countries and an increasing range of denominations are being issued. This shift will continue and counterfeits will increase, enabled by technology.