Microprinting Market is anticipated to worth USD 668 million by 2025 | At a CAGR of 4.8%
Published | 08 April 2019
According to BlueWeave
Consulting, the global Microprinting market is anticipated to worth USD 668
million by 2025, with a CAGR of 4.8% during 2019-2025. The Global Microprinting
Market is expected to grow with a significant rate during the forecast period
2019-2025, owing to rising demand for microprinting in Currency and stamps
sector to avoid any misuse and fraud. The demand for Microprinting for its
development and introduction of innovative products, coupled with its
cost-effective, has improved its uses in various industries will boost the
Microprinting market in the upcoming year.
Moreover, the major factor
driving the market growth is the growing use of Microprinting in the healthcare
industry for biomaterials and biosensing applications. Furthermore, the rising
demand for microprinting in the packaging industry to stop duplicity and
fraudulent will accelerate the growth of the Microprinting market. Additionally, increasing demand for
microprinting in, education, and corporate applications, postage stamps,
employee ID cards, event badges, and membership ID cards will contribute to
Microprinting market growth during the forecast period.
Furthermore, the high adoption
of microprinting technology in packaging applications such as in consumer
electronics, for proper packaging, along with product information, which
enables easy product identification and avoids product duplicity, are major
drivers for the growth of global Microprinting market in the forecast period.
Also, the rise in infrastructure spending and R&D activities in
microprinting technology to improve more industries applications such as
consumer electronics, healthcare, and security will augment the global
Microprinting market in the forecast period.
Magnetic
Inks type of Microprinting market is projected to be the leading Ink segment of
the overall market during the forecast period.
Based on the Ink type, the
Microprinting market segmented into micro-embossing, special inks, magnetic
inks, UV invisible inks, infrared ink marking, and others. Magnetic inks
dominate the global Microprinting owing to the growing demand for magnetic inks
application in Private companies, government agencies, financial institutions,
and other organizations which provide increased security through avoiding
fraud. UV invisible inks market will influence by growing its application in
various industries like banking, tax stamps, etc. for its features like
transparent white or colorless and can only be detected under ultraviolet
light.
The
paper type of Microprinting market is projected to be the leading substrate
segment of the overall market during the forecast period.
Based on Substrate Type, the
global Microprinting market segmented into Plastic, Paper, and Metal. Paper
will lead the market due to the surge in demand for paper-based banknotes, tax
stamps, and check slips for security purposes. Moreover, paper-based notes and
documents made from cotton fibers to increase strength and durability. The
plastic substrate market will soar by its uses to protect security documents
against color separation or copying by subtly merging colors into each other.
Banking & Finance is expected to dominating the industry for utilizing applications of Microprinting during the forecast period.
Based on the Application
type, the Microprinting market segmented into Banking & Finance,
Government, Packaging, Healthcare, Education, and Corporate. By application
type, Banking & Finance will lead the market owing to the growing adoption
of Microprinting for preventing misuse of banknotes and checks. Packaging will
flourish by growing usage of microprinting for brand protection and product
safety against fraudulent.
The
Asia Pacific accounts for the lion’s share of the global Microprinting market
during the anticipated period.
Based on the region, the
Microprinting market segmented into North America, Europe, Asia Pacific, Middle
East & Africa, and Latin America. The Asia Pacific dominates the world
Microprinting market over the forecast period owing to the increasing need for
microprinting for official and government documents such as ID cards, driving
licenses, national ID cards, and passports. The North American market will boom
by the growing demand of microprinting for avoiding incidences of fraudulent
activities and the introduction of fake currency in banking and finance
organizations, government agencies, and corporate companies.
Browse Detailed Analysis
with TOC, “Global Microprinting Market
Size, by Ink Type (micro-embossing, special inks, magnetic inks, UV invisible
inks, infrared ink marking and others), by Substrate Type (Plastic, Paper,
Metal), by Application (Banking & Finance, Government, Packaging,
Healthcare, Education, Corporate), by Region (North America, Europe, Asia Pacific,
Middle East & Africa and Latin America); Growth Potential, Trends Analysis,
Competitive Market Size and Forecast, 2019-2025”
At https://www.blueweaveconsulting.com/global-microprinting-market-bwc19144
Global
Microprinting Market Competitive Landscape
Companies such as Xerox
Corporation, Videojet Technologies, Inc., Matica Technologies AG, Brady
Corporation, Zebra Technologies Corporation, HP Inc., Ricoh Company Ltd., Canon
Finetech Nisca Inc., Source Technologies, SAFEChecks, Xeikon, Domino Printing
Sciences PLC, Control Print Ltd., Data Carte Concepts, Evolis, Micro Format,
Inc., Spectrum Positive, Printegra, Trustcopy, and William Frick & Company
are the key players for manufacturing of Microprinting.
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