Microprinting Market Expects High Growth & Demand Due To Increasing Need To Prevent Fraudulent Activities and Expects To Continue Healthy Growth Till The End Of The Forecast Period.
According to the market research report “Microprinting Market: By Types (UV Invisible Marking, IR Marking, Embossing, Special Inks); By Application (Bank Checks, ID Cards, Currency, Packaging, Labeling) - Forecast (2017-2022)”, published by IndustryARC, estimates that North America will register high growth rate by the end of the forecast period.
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Microprinting is the process of printing some recognizable patterns or characters, that are not legible for the naked eye unless magnified many fold on a note or item. It has been termed by many as the tiny solution for big security problems.
This technique is most often used on currency as an additional anti-counterfeiting measure.
Anyhow, these days it is also being used in packaging, ID cards, bank checks and other items of value for the same purpose. The demand for microprinting has arisen due to focus on detecting and preventing fraudulent activities.
Hence, the Microprinting Market is witnessing great demand and growth.
Scope & Regional Forecast of the Microprinting Market
Development and introduction of innovative products and services is the major growth driver for the Microprinting Market. Increasing adoption of microprinting, for microprint on checks, identity cards and licenses as a security tool to avoid misuse and fraud, by government and corporate organizations is also driving significant growth for the market.
In addition, the microprinting is expected to register great demand due to its increasing adoption rate across different verticals, especially for licenses and employee ID cards.
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The global micro printing market is quite mature and there is limited scope for new entrants to survive. The market is expected to show double-digit growth during the forecast period.
Penn State University Researchers have recently discovered cost-effective artificial cells using micro printing technology, which can be used for drug and gene delivery devices. Also, many other universities researchers have focused on microprinting to enhance its scope and fuel future opportunities.
North America is leading the Microprinting Market, due to increasing adoption of micro 3D printer in both government and corporate sectors. Europe is leading in the second highest position followed by Asia-Pacific and Rest of the World.
Asia-Pacific is expected to register rapid growth with the rise in R & D activities in various fields such as consumer electronics, healthcare and security. Developing countries in the Rest of the World is also expected to witness moderate growth over the forecast period.
Segmentations & Key Players Involved in the Microprinting Market
The Microprinting Market can be broken down into various segmentations on the basis of -
- Types: UV Invisible Marking, Special Inks, Infrared Ink Marking, Magnetic Ink, Micro-Embossing and Others.
- Applications: Currency, Bank Checks, ID Cards, Labels, Packaging, Consumer Electronics, Defense and others.
- Region: Americas, Europe, Asia-Pacific and Rest of the World.
Some of the key players involved in the Microprinting Market are as follows:
- Sauressig GmbH+ Co KG
- Gallas Label & Decal
- Smith & Ouzman Ltd
- William Frick & Co
- Zebra Technologies
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* The overall market has been consolidated from the perspective of different geographic locations and key economies for this market.
* Identifies growth sectors and factors driving or constraining the market.
* The market is analyzed based on the key attributes such as the power in the hands of producers and consumers, analysis on the degree of competition, and threats from substitutes and new entrants.
* The study includes the demand of this particular market on a global and regional scale for a five year period of 2017 - 2022, to assess how the market will develop.
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