According to a new market research report published by Credence Research, the Microprinting market was valued at US$ 490.17 million in 2017 and is estimated to grow with a CAGR of 4.8 per cent during the forecast period from 2018 to 2026.
Counterfeiting is one of the biggest problems facing modern human civilization, not only costing governments and brands across the globe, but also affecting millions of jobs across the globe. More than 5.4 million people worldwide are expected to lose their jobs in a recent report published by the European Union Intellectual Property Office (EUIPO) and the Organization for Economic Co-operation and Development (OECD). Several methods are being used by governments and global brands to fight forgery, and microprinting is one of the best ways to overcome such illicit acts to a greater extent. Owing to aforementioned factor, microprinting market and associated business are gaining momentum.
Browse the full report at “Microprinting Market”
Microprinting is used across a number of applications, such as currencies, stamps, official documents, and bank drafts & checks, to make sure the authenticity of such high-value documents. In addition to these documents, the consumer product, white goods and packages and logistics also use large-scale microprinting to facilitate and organize the storage and distribution structure. Furthermore, the significance of microprinting in defense applications and access control cards is also steadily increasing. Incorporation of innovative technology such as UV & infrared inks, magnetic inks and other special inks to enhance the authenticity of microprinting. The overall market for microprinting is expected to multiply along with the growth in the applications mentioned above.
Few of the major notable players profiled in this research study include Hewlett-Packard Company, Zebra Technologies Corporation, Diagramm Halbach GmbH & Co. KG, Gallas Label & Decal, Team NiSCA, Micro Format Inc., Brady Inc., Saueressig GmbH Co KG., Videojet Technologies, Inc., HP Inc., Ricoh Company Ltd., Huber Group, Xerox Corporation, Printegra, and Canon Finetech Nisca Inc. among others. Global microprinting market is characterized by a number of small as well as global players and hence are highly fragmented. Microprinting is associated with critical and classified documents and hence the companies involved in microprinting market needs to build their creditability. Acquire long term government contracts is one of the prime business strategies adopted by major microprinting companies. Several other business strategies are discussed in detail in the research study.
By Ink & Technology Type
- Magnetic Inks
- UV & Infrared Inks
- Special Inks
By Application Type
- Bank Cheques & Drafts
- ID & Access Cards
- Consumer Electronics
- Packing & Logistics
- Defense Application
By Geography Segment
- North America (U.S., Rest of North America)
- Europe (U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, Japan, India, Rest of Asia Pacific)
- Rest of the World (Middle East & Africa, Latin America)