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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report according to your need.
FOR MORE DETAILS – https://www.marketresearchfuture.com/reports/microprinting-market-7678
TABLE OF CONTENTS:
1.
Market Introduction
2.
Research Methodology
3.
Market Dynamics
4.
Executive Summary
5.
Market Factor Analysis
6.
Microprinting Market,
By Segments
7.
Competitive Analysis
Continued…
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