Press release
Comprehensive analysis on Microprinting Market Size| Key Players are Videojet Technologies, Inc, Control Print Ltd, Zebra Technologies Corporation, Xerox Corporation, William Frick & Company, and Evolis
Asia Pacific microprinting market is predicted to grow substantially over the coming years due to the presence of various banks, government agencies, and corporate organizations in the region. The demand for high security and anti-counterfeit measures in government and financial sector is projected to propel the demand for microprinting solutions in the region. Countries such as India, Japan, and China are expected to witness high growth in the microprinting market due to the increasing developmental activities and rapid economic expansion.
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Microprinting Market is expected to exceed USD 800 million by 2025. The rise in fraudulent activities in official documents is encouraging governments to implement security printing techniques to detect counterfeiting. For instance, in April 2018, The General Directorate of Residency and Foreigner Affairs (GDRFA) of Dubai, detected over 1,000 forged travel documents at Dubai International Airport. The government adopting the technique for protection against counterfeiting in important travel documents. The Government of India is also using the technique text smaller than 0.25 mm as a security feature in passports. Companies are offering high security printing techniques for designing passport to cater to the growing demand Such factors are anticipated to drive the microprinting market growth over the coming years.
Increasing need for secure technology in wide range of government and packaging applications is predicted to drive the single-sided microprinting market growth. The government is using single sided printing in postal stamps, official documents and ID cards. Moreover, the packaging industry is using this technology in packaging labels to prevent product duplicity. Several manufactures are offering single sided microprinting solutions with secure and affordable feature. Team NiSCA, a manufacturer of plastic cards, is offering PR-C101, plastic card printer which supports single-sided microprinting. The PR-C101 printer offers an affordable solution for printing high quality and durable ID cards requiring low maintenance.
The microprinting market is expected to witness high growth due to the rapid adoption in packaging application. The industry is highly adopting the technique for proper packaging, product information, for easy product identification and avoiding duplicity. The incorporation of the technique in printers s has enabled manufacturers to initiate secure print capabilities, label information and brand protection in the global market. In addition, the shift in consumer demands for products is encouraging vendors to use these technologies to create product differentiation and boost revenues globally.
Rapid technological advancements and innovations in microprinting market has accelerated the adoption and demand of different printing solutions having quality, resolution and security. The manufacturers in microprinting market are continuously engaged in introducing advanced technologies that provide businesses capabilities to achieve high-resolution and quality printing. For instance, in April 2019, 2019, Xerox Corporation, announced launch of its Xerox AltaLink Multifunction Printers (MFPs), with enhanced security feature, which provides an extra layer of protection approach to network threats. Similarly, in April 2015, Videojet Technologies introduced 1650 High Resolution (HR) and 1620 HR Continuous Inkjet (CIR) printers, capable of printing 0.6mm small characters.
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Key players operating in the microprinting market are Videojet Technologies, Inc, Control Print Ltd, Zebra Technologies Corporation, Xerox Corporation, William Frick & Company, and Evolis, among others. These companies are engaged in manufacturing printing solutions that helps in protecting sensitive documents from unauthorized duplication. The companies are implementing advanced and high-quality features in providing in-line printing, coding, and marking products.
Table of Content:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Microprinting Industry Insights
Chapter 4. Microprinting Market, By Substrate Type
Chapter 5. Microprinting Market, By Print Type
Chapter 6. Microprinting Market, By Product Type
Chapter 7. Microprinting Market, By End-Use
Chapter 8. Microprinting Market, By Region
Chapter 9. Company Profiles
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Microprinting Market Insights 2019, Global and Chinese Analysis and Forecast to 2024
Microprinting Market Insights 2019, Global and Chinese Scenario is a professional and in-depth study on the current state of the global Microprinting industry with a focus on the Chinese market. The report provides key statistics on the market status of the Microprinting manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry. Overall, the report provides an in-depth insight of 2014-2024 global and Chinese Microprinting market covering all important parameters.
https://www.marketstudyreport.com/reports/microprinting-market-insights-2019-global-and-chinese-analysis-and-forecast-to-2024/?utm_source=openpr.com-AN
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