12-Nov-2020 | Zion Market Research
Microprinting market is predicted to undergo high development from 2019 to 2025, as per Zion Market Research. The microprinting market is predicted to develop to USD 690 Million by 2025 at a CAGR of 5.3% from USD 535 million in 2019. Regulations and standards in the banking industry and technical improvements in microprinting tech are the major reasons boosting the development of the global market.
Videojet Technologies, Inc., Xerox Corporation, Brady Corporation, Matica Technologies AG, HP Inc., Zebra Technologies Corporation, Canon Finetech Nisca Inc., Ricoh Company Ltd., SAFEChecks, Source Technologies, Domino Printing Sciences PLC, Xeikon, Data Carte Concepts, Control Print Ltd., Micro Format, Inc., Evolis, Printegra, Spectrum Positive, William Frick & Company, and Trustcopy are the key contenders in the global microprinting market.
Paper To Be Biggest Catalyst For The Development Of The Microprinting Market
The huge share of the global market can be credited to the high execution of microprinting tech in paper-based check slips, banknotes, and postage stamps to prevent counterfeit. For instance, the European Central Bank and the Federal Reserve System for security purpose broadly employ microprinting in its currency. Most banknotes are created from paper, and almost all papers are created from cotton fibers to elevate the durability and strength. In some instances, forensic fibers or linen are included to protect against counterfeiting and offer paper extra individuality.
Single-Sided Print Type To Add Up For Bigger Share Of The Global Market
Single-sided microprinting is expected to add up for a bigger share in terms of value of the global microprinting market by 2025. The development is majorly credited to the broad recognition of single-sided microprinting in education, government, and corporate scenarios. Almost all employee ID cards, postage stamps, membership ID cards, and event badges employ single-sided microprinting.
Asia Pacific Microprinting Market To Develop At Max CAGR In The Years To Come
Asia Pacific is undergoing rising employment of microprinting tech-based printers due to the existence of a huge number of finance and banking agencies, corporate companies, and government agencies. The finance and banking industry of Japan, China, and India are deeply deploying microprinting tech while developing check books and banknotes. Introduction of false currency and rising cases of fraudulent activities are reasons that assist boost the development of the microprinting market.
Moreover, the growth of the market is attributed to the high adoption of microprinting technology in packaging application. China is the biggest product manufacturer for consumer electronics, and it exports a huge number of products across the world. It is necessary for manufacturers to have proper packaging, along with product information, which enables easy product identification and avoids product duplicity.
Browse the full “Microprinting Market, by Type (Plastic, Metal, and Paper), by Print Type (Single-sided Printing, and Double-sided Printing), by Product Type (Colored, and Monochrome Products), by End-Use (Healthcare, Banking & Finance, Packaging, Government, and Corporate): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/microprinting-market
The global microprinting market is segmented as follows:
By Print type
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