Press release
Microprinting Market Report Examines Latest Trends and Key Drivers Supporting Growth through 2026
Microprinting market
Microprinting Market is expected to rise from its initial estimated value of USD 492.90 million in 2018 to an estimated value of USD 750.16 million by 2026, registering a CAGR of 5.39% in the forecast period of 2019-2026. This rise in market value can be attributed to the growing levels of innovations and advancements currently undergoing in the market.
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Market Definition: Global Microprinting Market
Microprinting is a technique of printing extremely minute details on valuable documents. This method is usually utilized so as to prohibit frauds, counterfeiting as this results in details not being visible to the human eye making it seem invisible. This method is used to print certain characters and patterns that are read through specific specialised machines to ensure that the document it has been printed on is authentic.
Market Drivers:
Presence of strict regulations and compliances from the government, banking & finance sector for the authentication of documents is expected to drive the market growth
Growing demand from the healthcare market due to the growing applications is expected to drive the market growth
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Market Restraints:
High presence and adoption of digitalization methods and securing valuable information digitally instead of physical documentation is expected to restrain the market growth
Issues with heat setting in microprinters are expected to hinder the growth of the market
Segmentation: Global Microprinting Market
By Substrate Type
Plastic
Paper
Metal
By Print Type
Single-Sided
Double-Sided
By Type
Monochrome
Colour
By Application
Banking & Finance
Government
Packaging
Healthcare
Education
Corporate
Others
Geography
North America
US.
Canada
Mexico
South America
Brazil
Argentina
Rest of South America
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Turkey
Belgium
Netherlands
Switzerland
Rest of Europe
Asia-Pacific
Japan
China
South Korea
India
Australia
Singapore
Malaysia
Indonesia
Thailand
Philippines
Rest of Asia-Pacific
Middle East and Africa
South Africa
Egypt
Saudi Arabia
United Arab Emirates
Israel
Rest of Middle East and Africa
Key Developments in the Market:
In July 2018, Ricoh Company Ltd. announced the establishment of a new organization focused on manufacturing in Guangdong, China. This establishment is evidence of Ricoh’s intentions for strengthening the capabilities of servicing consumers globally
In May 2017, Xerox Corporation’s subsidiary announced that they had acquired MT Business Technologies, the company based out of Ohio, United States providing office-based printing services to organisations present in Ohio and Michigan, United States. This acquisition will help Xerox Corporation in expanding their reach and capabilities providing consumers with advanced technological offerings
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Competitive Analysis
Global microprinting market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of microprinting market for global, Europe, North America, Asia-Pacific and South America.
Major Market Competitors/Players
Few of the major competitors currently working in microprinting market are Xerox Corporation; William Frick & Co.; Xeikon; HP Development Company, L.P.; Zebra Technologies Corp.; Matica Technologies AG; Brady Worldwide, Inc.; Videojet Technologies, Inc.; Ricoh Company Ltd.; SAFEChecks; Source Technologies; Canon Finetech Nisca Inc.; Data Carte Concepts; Security & Identity Solutions Ltd; Domino Printing Sciences plc; Evolis; CONTROL PRINT LTD.; Micro Format, Inc.; Trustcopy; Printegra, An Ennis Company; Micro Printing & Blueprint; 3D MicroPrint GmbH; Plus Technologies LLC and Micro Printing Ltd.
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Key Insights in the report:
Complete and distinct analysis of the market drivers and restraints
Key market players involved in this industry
Detailed analysis of the market segmentation
Competitive analysis of the key players involved
Contact:
Data Bridge Market Research
Tel: +1-888-387-2818
Email: sopan.gedam@databridgemarketresearch.com
About Data Bridge Market Research:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
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