Microprinting Market Size By Substrate Type (Plastic, Paper, Metal), By Print Type (Single-Sided, Double Sided), By Product Type (Monochrome, Color), By End-Use (Banking & Finance, Corporate, Government, Healthcare, Packaging), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2019 – 2025
Published on: 2024-07-28 | No of Pages : 240 | Industry : Professional-Services
Publisher : MRA | Format : PDF&Excel
Microprinting Market Size By Substrate Type (Plastic, Paper, Metal), By Print Type (Single-Sided, Double Sided), By Product Type (Monochrome, Color), By End-Use (Banking & Finance, Corporate, Government, Healthcare, Packaging), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2019 – 2025
Microprinting Market Size
Microprinting Market size valued at USD 550 million in 2018 and will grow at a CAGR of around 6% between 2019 and 2025. Introduction of stringent standards and regulations in the banking & finance, government and healthcare industries will drive the market growth.
Several government administrations are introducing legislations and regulations for controlling the misuse and preventing the occurrence of fraudulent activities. The technique is being used to print small text, numbers and symbols on stamps, currencies, and other security paper. The printed artwork is invisible with the naked eye but visible under magnification. High adoption of the technology in to avoid counterfeiting has led companies to develop innovative products.
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Implementation of the microprinting technology is increasing rapidly for product security and traceability. For instance, players operating in the packaging industry are focusing on implementing the technique to prevent counterfeiting of products and improving brand image. In the European Union, under the Tobacco Products Directive 2014/40/EU (TPD), articles 15 & 16 provide features such as security and traceability for tobacco products to help address the problem of illicit trade. Under the directive, all units of tobacco packets in the European market are required to carry a tamper-proof security feature that is made of invisible and visible inks, enabling consumers and authorities to verify the product authenticity.
Report Attribute | Details |
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Base Year | 2018 |
Microprinting Market Size in 2018 | 550 Million (USD) |
Forecast Period | 2019 to 2025 |
Forecast Period 2019 to 2025 CAGR | 6% |
2025 Value Projection | 800 Million (USD) |
Historical Data for | 2014 to 2018 |
No. of Pages | 180 |
Tables, Charts & Figures | 236 |
Segments covered | Substrate Type, Print Type, Product Type, End-Use and Region |
Growth Drivers |
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Pitfalls & Challenges |
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Microprinting Market Analysis
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Plastic-based microprinting market will showcase growth of around 7% through 2025, owing to rise in usage of the substrate type in banknotes. The substrate provides features such as longevity, strength, resilience, flexibility, elasticity, and durability. Using the technique, a small transparent window can be included as a security feature on the plastic-based printing material, making it difficult to counterfeit the currency using common methods. Several countries such as Mexico, New Zealand, UK, Chile, Israel, Singapore and Australia, are printing plastic-based banknotes, as it reduces the wear and tear.
The single-sided printing segment is poised to observe substantial growth during the forecast timeframe due to its growing implementation on ID cards, medical prescriptions, business cards, and other financial documents. Demand for the print type is increasingly being witnessed from the government, education, and corporate sectors. Moreover, the packaging industry is implementing this print technique to prevent duplicity among products. Rise in demand for secure technology has led companies to offer innovative single sided based microprinting products.
Healthcare applications accounted for more than 10% of the microprinting market share in 2018 impelled by the increasing demand of the technique to authenticate several medical products and prescriptions. The counterfeit or falsely labelled medical products pose significant risks for public health.
The pharmaceutical companies and healthcare providers are focusing on implementing innovative anti-counterfeiting technologies for better business practices. Growing standards and regulations in healthcare sector for product usage, specifications and its composition is also accelerating the adoption of technology. Several companies are providing specialized solutions to healthcare industries to increase efficiency and compliance with regulations.
Growing adoption of monochrome print technique in several application segments on account of its low price point and excellent printing quality is being witnessed in the market. The retail, government, education, corporate and publishing sectors are registering high adoption of monochrome printing led by its several benefits such as faster printing speed, lower cost per printed page, and superior text quality.
Increasing usage of monochrome printing for packaging and labelling of online orders in e-commerce sector will boost the market revenue. The monochrome printing will witness high adoption from e-commerce giants such as Amazon Inc., Alibaba Group, Walmart and eBay in the coming years. These companies are focusing on incorporating digital technology in the labelling of products as it helps them track the packages in the delivery chain.
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The Asia Pacific microprinting market held over 30% revenue share in 2018 driven by the increase in adoption of the technology in various industry verticals including banking and finance, government agencies, and corporate organizations. The demand for security and anti-counterfeit solutions is expected to increase in education, corporate and government sectors, thereby propelling the regional market growth.
The rise in development of business sectors and economic expansion plans by government organizations is expected to accelerate the market size expansion in countries such as India, Japan, and China. The regulatory bodies are focusing on introducing additional security features in the existing bank notes.
Microprinting Market Share
Key players operating in the market include
- Canon Finetech Nisca, Inc.
- Control Print, Ltd.
- Evolis
- Hewlett-Packard Company
- InkJet, Inc.
- Linx
- Printing Technologies
- Matica Technologies AG
- Micro Printing Systems Intl
- Source Technologies
- Videojet Technologies, Inc.
- Wuhan Willita Marking and Packing Technology Co., Ltd.
- Xerox Corporation
- Zebra Technologies Corporation
These companies are engaged in providing solutions that help in preventing fraud and counterfeiting of documents such as coupons, tickets, and invoices through special imaging technologies. They are offering packaging, print feeding and finishing solutions to healthcare, government and retail industries. Several industry leaders are collaborating with manufacturers in the printing market to offer advanced and secure solutions.
The microprinting market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2015 to 2025, for the following segments
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Market, By Substrate Type
- Metal
- Paper
- Plastic
Market, By Print Type
- Single-sided
- Double-sided
Market, By Product Type
- Monochrome
- Color
Market, By Application
- Banking & Finance
- Corporate
- Government
- Healthcare
- Packaging
- Others
The above information is provided on a regional and country basis for the following
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Asia Pacific
- China
- India
- Japan
- Australia
- Singapore
- Latin America
- Brazil
- Mexico
- MEA
- GCC
- South Africa
Table of Content
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