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Microprinting Market By Ink & Technology (Micro-Embossing, Magnetic Ink, UV & Infrared Ink, Special Inks), By Application (Currency, Stamp, Bank Cheques & Drafts, ID & Access Cards, Consumer Electronics, Packing & Logistics, Defense Application) - Growth, Future Prospects, And Competitive Landscape, 2018 - 2026

Microprinting can be defined as fine printing that requires some degree of magnification to interpret the printed alphanumeric and symbolic information. Microprinting is a vital tool as a security measure to prevent counterfeiting. Microprinting is extensively used in printing national documents and other important circulations such as currency or postal stamps.

Reproduction of such documents through an unauthorized copier is not feasible as the micro prints will appear as dots, lines, or blurred text. Consequently, the incorporation of microprinting for official documents and even commercial documents to a greater extent is expected to expedite the demand for microprinting in the coming years, allowing the market to grow at a 4.8% CAGR throughout the forecast period from 2018 to 2026.

Market Synopsis

UV and Infrared Inks to Make Their Mark in the Global Microprinting Market

UV and infrared inks, also known as invisible inks, have grown in popularity in recent years. Microprinting is used extensively to fight to counterfeit, and UV and infrared inks play a vital role in the microprinting of stamps and currencies. Consistent growth in the printing of currencies, stamps, and bank documents is also contributing to the rapid growth of UV and infrared microprinting.

Micro-embossing is also showing considerable growth. Micro-embossing is used for printing on consumer electronics and ID and access cards. Growth in access security is expected to help micro-embossing grow considerably in the coming years.

The fastest-growing application for microprint marketing is identification and access cards.

Consistent growth in access control and security has certainly helped applications such as ID and access cards become the fastest-growing applications in the global micro printing market. However, the top spot is claimed by currency and bank checks and drafts, which are expected to retain their respective spots throughout the forecast period from 2018 to 2026.

Defense applications are also counted as major contributors to the global micro-printing market. Important documents and profiles in defense and military organizations extensively use microprinting for security and confidential parameters. The proliferation of microprinting across the stated applications is significant and expected to remain on a steady growth path.

Growing economic reforms and presence in Developing Countries are Encouraging the Growth of Microprinting.

Asia-Pacific is home to some of the fastest-developing nations across the globe. Countries such as India and China have been growing at an exponential rate over the past few years. This has certainly boosted the demand for economic and government documents such as currencies, stamps, bank checks, drafts, and defense applications.

All the aforementioned draughts heavily include micro printing, and Asia Pacific is one of the most prominent markets for microprinting. Besides, Asia Pacific is also a global hub for consumer electronics, and the growing trend of microprinting on consumer electronics in the region is also proliferating along with the growth of consumer electronics. Other regions, including North America and Europe, also contribute a notable share of the overall microprinting market. Furthermore, Latin America and Middle East Africa will become microprinting hotspots in the coming years.

Market Segmentation

Leading Industrial Shredder Companies Face Resistance in a Fragmented Market

The complexities and security issues associated with microprinting have kept all major as well as local microprinting companies on their toes. Stiff competition is brewing among the companies associated with microprinting. Furthermore, the market is quite competitive, and entry for new players is definitely not a cakewalk.

The research comprises the business approaches and modern evolution of a few of the most prominent companies in the microprinting market, including Hewlett-Packard Company, Huber Group, Diagramm Halbach GmbH & Co. KG, Gallas Label & Decal, Printegra, Team NiSCA, Xerox Corporation, Micro Format Inc., Brady Inc., Saueressig GmbH & Co. KG, Videojet Technologies, Inc., Zebra Technologies Corporation, HP Inc., Ricoh Company Ltd., and Canon Finetech Nisca Inc., among others.

Frequently Asked Question:

The market for Microprinting Market is expected to reach USD$ XX in 2026.

The Microprinting Market is expected to see significant CAGR growth over the coming years, at XX%.

The report is forecasted from 2018 -2026.

The base year of this report is 2017.

Huber Group, Diagramm Halbach GmbH & Co. KG, Gallas Label & Decal, Printegra, Team NiSCA, Xerox Corporation, Micro Format Inc., Brady Inc. are some of the major players in the global market.

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Godaddy
Published Date:  Apr 2019
Category:  Technology & Media
Report ID:   59675
Report Format:   PDF
Pages:   120
Rating:    4.6 (69)
Delivery Time: 24 Hours to 48 Hours   
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