The global Microprinting Market size is expected to reach USD 1.14 billion by 2030, expanding at a CAGR of 5.9% over the forecast period, according to a new report by Grand View Research, Inc. Microprinting is the process of producing extremely small text and pictures that are generally not visible to the human eye. Various industries, such as BFSI, consumer electronics, and the government, are using microprinting to protect documentation and products against fake and illegal activities such as counterfeit checks, the duplicity of branded electronic gadgets, and illicit bonds.
ID cards, bank checks, and other valuable things such as currency notes and bank-issued withdrawal cards are all micro-printed to eliminate fraudulent activities. Moreover, microprinting technology is widely used to print official government papers and other significant circulations like postal stamps. When the photos and sentences are printed, they appear as tiny dots. Copies of these images and texts must be created using sophisticated image sensors. Consequently, microprinting technologies are employed to stop fraud.
One of the main factors propelling the growth of the global microprinting industry is the rising implementation of microprinting technology in identity cards, passports, as well as various documents in government organizations. Another element promoting global market expansion is government regulation in the banking and finance industry that safeguards currency security and offers anti-counterfeiting measures. For instance, the Reserve Bank of India is using microprinting on the currency notes to denote the denominational value, these microprinted currency notes have special characters and symbols that can only be seen through a very high-resolution sensor; this helps the legal tender issuer to identify the counterfeit currency notes.
A further factor supporting market growth is the expanding use of microprinting technology in the packaging industry due to growing concerns regarding product safety and the prevention of the circulation of counterfeit goods. For instance, consumer electronics boxes are microprinted with certain texts specific to each product; when scanned through an appropriate device, it reveals the texts, which buyers can cross-check from the official website of the original equipment manufacturer.
Key companies working in microprinting are Xerox Corporation, Brady Worldwide, Inc., HP Development Company L.P., Zebra Technologies Corp., Videojet Technologies, Inc., Canon Inc., Ricoh, Huber Group, and Matica Technologies Group SA, among others. Companies actively participate in various strategic initiatives such as mergers, acquisitions, and partnerships to gain a competitive advantage.
For instance, in May 2021, Brady Worldwide, Inc. announced the acquisition of Magicard Limited for USD 59 million. Magicard Limited specializes in printing identification cards featuring full-color, high-resolution images, integrated card security measures, and smart card encoding capabilities. This acquisition would help Brady Worldwide, Inc to expand its portfolio, especially in the field of high-resolution ID card printing.
List of Key Players of Microprinting Market
- Xerox Corporation
- Brady Worldwide, Inc.
- HP Development Company L.P.
- Zebra Technologies Corp.
- Videojet Technologies, Inc
- Canon Inc.
- Ricoh
- Matica Technologies Group SA
- Xeikon
- Domino Printing Sciences plc
- Evolis Group
- Source Technologies
Related Press Release@ Microprinting Market Report
Microprinting Market Report Highlights
- Key factors such as the expansion of the e-commerce industry, growing security laws and regulations in the banking sector, the launch of innovative microprinting printers, and rising demand for anti-counterfeiting product offerings are expected to drive market growth in coming years
- The global market is also driven by the growing use of microprinting in stamps and currency notes. Governments and corporate organizations have recently started using Microprinting technology for ID cards and licenses to curb abuse and thwart fraudulent practices
- The paper segment is expected to dominate the market and expand at the highest CAGR from 2022 to 2030. Factors such as increased currency printing by various countries in the post-COVID-19 period drive market growth. During the COVID-19 period, demand for all commodities was low; the main reason was people hesitated in spending to maintain liquidity. However, by printing more currency notes, governments in various countries have directly transferred the money to bank accounts under different financial aid. This has helped maintain the cash flow and increase the goods' demand
- The BFSI segment dominated the microprinting market in 2021. The increase in the number of bank account holders is driving market growth. For instance, as per the data released by the World Bank, 71% of the population of developing nations such as China, India, Vietnam, Philippines, and Brazil have a bank account. For example, the number of bank accounts in India doubled in 2011. The government schemes such as Pradhan Mantri Jan Dhan Yojana contributed by opening 45.60 crore new bank accounts by 2021
- Printing coins, stamps, and bank documents have been expanding steadily, contributing to the rapid expansion of UV Invisible ink microprinting. Micro-embossing is also expanding significantly as printing on consumer devices and ID & access cards uses micro-embossing
Related Reports@
Microprinting Market Report Scope
Report Attribute
Details
Market size value in 2022
USD 725.7 million
Revenue forecast in 2030
USD 1.14 billion
Growth rate
CAGR of 5.9% from 2022 to 2030
Historic year
2017 - 2020
Base year for estimation
2021
Forecast period
2022 - 2030
Microprinting Market Segmentation
Grand View Research has segmented the global microprinting market based on type, substrate type, ink type, print type, application, end-use, and region:
Microprinting Type Outlook (Revenue, USD Million, 2017 - 2030)
- Monochrome
- Color
Microprinting Substrate Type Outlook (Revenue, USD Million, 2017 - 2030)
- Plastic
- Paper
- Metal
Microprinting Ink Type Outlook (Revenue, USD Million, 2017 - 2030)
- Micro-Embossing
- Special Inks
- Magnetic Inks
- UV Invisible Inks
- Infrared Ink Markings
Microprinting Print Type Outlook (Revenue, USD Million, 2017 - 2030)
- Single-sided
- Double-sided
Microprinting Application Outlook (Revenue, USD Million, 2017 - 2030)
- Currency
- Stamps
- Bank Checks
- Labels
- ID and Payment Cards
- Documents
- Others
Microprinting End-use Outlook (Revenue, USD Million, 2017 - 2030
- BFSI
- Government
- Consumer Electronics
- Healthcare
- Education
- IT and Telecom
- Packaging
- Others
Microprinting Regional Outlook (Revenue, USD Million, 2017 - 2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- Germany
- France
- Asia-Pacific
- China
- India
- Japan
- South America
- Brazil
- Middle East & Africa
Market Research Future (MRFR), in its latest report on the global microprinting market 2020 discuss numerous factors that are likely to support the market.
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.
Market SegmentationThe 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 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.
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.
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.
A wide-ranging Microprinting Market document underlines the primary and secondary drivers, market share, possible sales volume, leading segments and geographical analysis.
Have a business at the highest level of growth with this credible market research report.
Moreover, this market report puts forth thorough overview of the market where it identifies industry trends, determines brand awareness and influence, provides industry insights and offers competitive intelligence.The Microprinting business report precisely collects the information about effective factors for the Microprinting industry which includes customer behaviour, emerging trends, product usage, and brand positioning.Get Download Free Sample Copy @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-microprinting-marketAnalysis and estimations derived through the massive information gathered in this Microprinting Market report are extremely necessary when it comes to dominating the market or creating a mark in the market as a new emergent.
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.
To understand the market in depth, Microprinting business report is the perfect solution.
With the specific base year and the historic year, estimations and calculations are performed in the report.Get Detailed Toc and Charts & Tables @ https://www.databridgemarketresearch.com/toc/?dbmr=global-microprinting-marketMajor goals of Microprinting Market report can be listed as;Identify the reasons for failure of a product already in the market.Discover the better methods of distributing the products to consumers.Know the types of consumers and their buying motives.Recognize opinions and get suggestion for improvement of a product by consumers.Measure the strength and weakness of the competitors.Know the dimensions of the marketing problems.Estimate the market share of a firm.Calculate the probable sales volume of a firm.Hence, an excellent Microprinting Report is suitably organized with a huge market data to help businesses achieve success.Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa)Want Full Report?
