Market Research Future (MRFR), in its latest report on the global microprinting market 2020 discuss numerous factors that are likely to support the market. A detail analysis report of the influence of COVID 19 on the microprinting market is also provided. MRFR finding reveal that the microprinting market can rise at 5.91% CAGR across the forecast period. On the conclusion of the assessment period, the microprinting market value can escalate from USD 541.2 million to USD 751.8 million.
The growing adoption of security solutions by different sectors to prevent the rise in cases of fraudulent activities, such as forging of currencies, documents, and cheques is creating the need for the adoption of microprinting solutions. This is expected to promote the expansion of the microprinting market through the assessment period.
Market Segmentation
The segment analysis of the microprinting market is based on ink type, substrata type, and application.
The ink type based segments of the microprinting market are special inks, micro-embossing, magnetic inks, infrared ink marking, UV invisible inks, and others. The magnetic ink segment can generate considerably high revenue for the market across the analysis years. The rise in use of microprinting in the banking and finance industry to prevent counterfeiting can prompt the expansion of the market though the study period. The micro-embossing segment market can thrive at the highest CAGR in the forecast period.
The substrate type based segments of the microprinting market are paper, metal, and plastic. The paper segment can contribute largely to the microprinting market growth in the assessment period. The increase in the application of microprinting in cheques and currencies by banks can also support the expansion of the market through the analysis period. The plastic segment can rise at a high pace in the forecast period.
The application based segments of the microprinting market are education, healthcare, packaging, BFSI, government, consumer electronics, corporate, defense, and others. The banking and finance sector can thrive in the review period.
Microprinting Market@ https://stockmarketfunda.com/2020/11/09/covid-19-impact-on-microprinting-market-2020-growth-but-future-outlook-remains-positive-with-rising-demand-and-business-opportunity/
Key players
Saueressig GmbH Co KG (Germany), Ricoh Company Ltd. (Japan), Videojet Technologies, Inc. (US), Xerox Corporation (US), Domino Printing Sciences PLC (UK), Matica Technologies AG (Germany), Team NiSCA (US), Diagramm Halbach GMBH (Germany), Hewlett-Packard Company (US), Brady Corporation (US), Control Print Ltd. (India), Gallas Label & Decal (US), Printegra (US), SAFEChecks (US), Source Technologies (US), and Data Carte Concepts (Canada) are some prominent microprinting dealers in the market, listed by MRFR.
Detailed Regional analysis
In APAC, the rise popularity of the fineness of microprinting is extremely high, which cannot be read with the naked eye can boost the expansion of the regional. Confidential corporate or government documents are micro printed, so as to avoid counterfeiting. The well-known application of microprinting is in currency that demands the highest level of counterfeiting deterrence. These factors can promote the expansion of the regional microprinting market across the review period. In addition, the rise in the application of microprinting in miniaturized electronic components, wires and cables, and high-end personal care products to achieve product traceability can prompt the expansion of APAC microprinting market across the review period.
In North America, the high government standards and tight norms for currency and certificates are fuel the rise of the microprinting market in the review period. Furthermore, innovations in microprinting techniques that are cost-effective and have improved applications can boost the expansion of the market in the region. Similar growth factors observed in EU. The gradual increase in the use of microprinting in numerous industry verticals can boost the rise of the microprinting market in EU.
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TABLE OF CONTENTS:
- Market Introduction
- Research Methodology
- Market Dynamics
- Executive Summary
- Market Factor Analysis
- Microprinting Market, By Segments
- Competitive Analysis
Continued…
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Market size by End User
A wide-ranging Microprinting Market document underlines the primary and secondary drivers, market share, possible sales volume, leading segments and geographical analysis.
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The comprehensive market analysis report delivers a detailed study with present and upcoming opportunities to simplify the future investment in the market.Top Key Players of this Global Microprinting Market –Xerox Corporation; William Frick & Co.; Xeikon; HP Development Company, L.P.; Zebra Technologies Corp.; Matica Technologies AG; Brady Worldwide, Inc.; Videojet Technologies, Inc.; Ricoh Company Ltd.; SAFEChecks; Source Technologies; Canon Finetech Nisca Inc.; Data Carte Concepts; Security & Identity Solutions Ltd; Domino Printing Sciences plc; Evolis; CONTROL PRINT LTD.; Micro Format, Inc.; Trustcopy; Printegra, An Ennis Company; Micro Printing & Blueprint; 3D MicroPrint GmbH; Plus Technologies LLC and Micro Printing Ltd., among other domestic and global playersSegmentation of the Global Microprinting Market –Microprinting Market by Ink Type –Micro-EmbossingSpecialMagneticUV InvisibleInfrared Ink MarkingMicroprinting Market by Substrate Type –Plastic,PaperMetalMicroprinting Market by Application –BFSIGovernmentPackagingHealthcareConsumer ElectronicsDefense The reactions of consumers to a product already existing in the market can be known with this global market research report.
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According to the new market research report "Microprinting Market by Substrate Type (Plastic, Paper, Metal), Print Type (Single-Sided, Double-Sided), Type (Monochrome, Color), Application (Banking & Finance, Government, Packaging, Healthcare, Education, Corporate), Geography - Global Forecast to 2024", The microprinting market is projected to reach USD 670 million by 2024, growing at a CAGR of 5.0% from 2019 to 2024.
Standards and regulations in the banking sector, and technological advancement in microprinting technology are a few major factors driving the growth of the microprinting market.
Browse 66 market data Tables and 39 Figures spread through 137 Pages and in-depth TOC on "Microprinting Market - Global Forecast to 2024"Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=216162103 Single-sided print type to hold major share of microprinting market during forecast period Single-side microprinting is done on check slips, stamps, official documents, medical prescription and reports, packaging labels, and a few ID cards.
The growth of this market is mainly attributed to its widespread use in government, education, and corporate applications.
Microprinting technology focuses on fulfilling these demands by printing microscopic text.
APAC to hold major share of microprinting market by 2025 APAC is likely to be the leading region in the adoption of microprinting technology.
