Microprinting Market Size
The microprinting market was worth $550 million in 2018 and will expand at a rate of about 6% per year from 2019 to 2025. The market will increase because of strict rules and standards in the banking and finance, government, and healthcare sectors.
Several government administrations are making laws and rules to stop people from using things in the wrong way and to stop fraud from happening. Printing little text, numbers, and symbols on stamps, money, and other secure material is what this method is being utilized for. You can't see the printed art with the naked eye, but you can see it when you look at it closely. A lot of people are using the technology to stop counterfeiting, which has pushed companies to come out with new goods.
Microprinting is becoming more and more common as a way to keep track of things and keep them safe. For instance, businesses in the packaging industry are adopting this method to stop fakes and promote their brand. The Tobacco Products Directive 2014/40/EU (TPD) says that all tobacco products sold in Europe must have security and traceability features. This features a label that can't be changed and uses both visible and invisible inks. This helps people and officials make sure the goods is real.
| Report Attribute | Details |
|---|---|
| Base Year | 2018 |
| Microprinting Market Size in 2018 | 550 Million (USD) |
| Forecast Period | 2019 to 2025 |
| Forecast Period 2019 to 2025 CAGR | 6% |
| 2025 Value Projection | 800 Million (USD) |
| Historical Data for | 2014 to 2018 |
| No. of Pages | 180 |
| Tables, Charts & Figures | 236 |
| Segments covered | Substrate Type, Print Type, Product Type, End-Use and Region |
| Growth Drivers |
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| Pitfalls & Challenges |
|
Microprinting Market Analysis
The market for microprinting on plastic will develop by about 7% through 2025 since more and more banknotes are using this type of substrate. The substrate has properties like strength, resilience, flexibility, elasticity, and durability that make it last. Using this process, a small clear window can be added to the plastic-based printing material as a security feature. This makes it hard to make fake money using typical procedures. Countries including Mexico, New Zealand, the UK, Chile, Israel, Singapore, and Australia are printing plastic-based banknotes because they endure longer.
The single-sided printing category is likely to have a lot of increase over the projection period since it is being used more and more on ID cards, medical prescriptions, business cards, and other financial documents. The government, education, and business sectors are all asking for more of this type of print. The packaging sector is also using this printing method to stop products from being the same. Companies are now making new single-sided microprinting devices since there is a growing need for safe technologies.
In 2018, healthcare applications made up more than 10% of the microprinting market share. This was because more and more people wanted to use the technique to verify the authenticity of medicinal supplies and prescriptions. Fake or mislabeled medical products are quite dangerous for public health.
To improve business processes, pharmaceutical companies and healthcare providers are working on new anti-counterfeiting technologies. The healthcare sector is also adopting technology more quickly because of stricter rules and standards for how products can be used, what they are made of, and how they are made. A number of businesses are offering specialist services to the healthcare industry to help it run more smoothly and follow the rules.
The market is seeing more and more people use monochrome printing because it is cheap and prints very well. Monochrome printing is becoming more popular in the retail, government, education, business, and publishing sectors because it has several benefits, such as faster printing speed, reduced cost per printed page, and better text quality.
More and more e-commerce companies are using black-and-white printing to package and label online orders. This will increase market income. In the next several years, big e-commerce companies like Amazon, Alibaba, Walmart, and eBay will start using monochrome printing a lot. These businesses are working on adding digital technology to product labels so they can keep track of the packages as they move through the delivery chain.
The Asia Pacific microprinting market held over 30% revenue share in 2018 driven by the increase in adoption of the technology in various industry verticals including banking and finance, government agencies, and corporate organizations. The demand for security and anti-counterfeit solutions is expected to increase in education, corporate and government sectors, thereby propelling the regional market growth.
The rise in development of business sectors and economic expansion plans by government organizations is expected to accelerate the market size expansion in countries such as India, Japan, and China. The regulatory bodies are focusing on introducing additional security features in the existing bank notes.
Microprinting Market Share
Key players operating in the market include
- Canon Finetech Nisca, Inc.
- Control Print, Ltd.
- Evolis
- Hewlett-Packard Company
- InkJet, Inc.
- Linx
- Printing Technologies
- Matica Technologies AG
- Micro Printing Systems Intl
- Source Technologies
- Videojet Technologies, Inc.
- Wuhan Willita Marking and Packing Technology Co., Ltd.
- Xerox Corporation
- Zebra Technologies Corporation
These companies are engaged in providing solutions that help in preventing fraud and counterfeiting of documents such as coupons, tickets, and invoices through special imaging technologies. They are offering packaging, print feeding and finishing solutions to healthcare, government and retail industries. Several industry leaders are collaborating with manufacturers in the printing market to offer advanced and secure solutions.
The microprinting market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2015 to 2025, for the following segments
Market, By Substrate Type
- Metal
- Paper
- Plastic
Market, By Print Type
- Single-sided
- Double-sided
Market, By Product Type
- Monochrome
- Color
Market, By Application
- Banking & Finance
- Corporate
- Government
- Healthcare
- Packaging
- Others
The above information is provided on a regional and country basis for the following
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Asia Pacific
- China
- India
- Japan
- Australia
- Singapore
- Latin America
- Brazil
- Mexico
- MEA
- GCC
- South Africa
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