Polycarbonate Passports Set to Become the Norm

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By Sam Gazeley | 1Q 2021 | IN-6025

 

The COVID-19 Impact on the Passport Market

NEWS


As countries continue to enter and exit lockdowns and experience disruption to everyday life, the passport market has seen a sharp downturn as international travel opportunities remain largely reduced and inconsistent. At a more granular perspective, the effect of COVID-19 on the global passport market has been twofold:

  • First, significant travel restrictions and closures of borders have limited the use cases of the passport to an in-country form of identification. For countries that already use another credential—such as a national ID and driver’s license—as their primary ID format, the passport is struggling to find traction especially as it relates to replacement rates owing to a high end-user cost.
  • Second, those citizens who have elected to renew their passports throughout 2020 will meet significant delays in the credential issuance due to closures of enrollment an...

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