The Lifecycle of Banknotes to 2030

This report maps out the current lifecycle of a banknote, and the steps involved in the design, production and circulation of banknotes.

Table of Contents Key Facts and Figures
  • The global banknote printing market is expected to increase in value to $17.1 billion in 2029, a CAGR of 5.3% from 2024
  • In 2023, there were 54.6 billion US banknotes in circulation, with a combined face value of $2.3 trillion.  
Despite the growing dominance of contactless payments and digital wallets, banknotes remain indispensable for economic resilience, financial inclusion, cultural identity, and privacy. Towards 2030, the banknote lifecycle will be greatly influenced by the integration of advanced technology, evolving public needs, and a strong emphasis on security, sustainability, and accessibility.  

This report maps out the current lifecycle of a banknote, and the steps involved in the design, production and circulation of banknotes. It includes a detailed analysis of each stage in the cash cycle, and focuses on how changes within the banknote industry and geopolitical factors will influence this lifecycle over the next five years.  

Key Questions
  • What forces within the market are driving or hindering banknote use?
  • Which stages of lifecycle are affected by technological disruptions or developments?
  • How is the use of digital and physical currencies balanced geographically?
  • What is the influence of Central Bank Digital Currencies on the lifecycle of banknotes? 
This report is essential to:
  • Organisations active in the printing and distribution of cash
  • Central banks, state printers and mints
  • Security print consultants and analysts
About the author
Dr James Wojtyk has over 25 years of extensive experience in scientific research, technology innovation, and strategic leadership across Canadian academic, government, and industrial sectors. For three years Dr Wojtyk headed up Research and Development in Currency at the Bank of Canada, integrating new technologies into banknotes, advising on counterfeit threats and fostering international collaborations - all to drive innovation and security.
The Lifecycle of Banknotes to 2030

Name The Lifecycle of Banknotes to 2030

Date 8/1/2025

Price $6750.00
$6075.00

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“Technological advancements in materials have also extended the physical and functional lifespan of banknotes. New substrates are more resistant to wear and environmental damage, and they incorporate features that facilitate machine recognition and authentication.”

JAMES WOJITYK

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