Global Card Printing Ribbon Market, Trends, Analysis, Opportunities, Share and Forecast – 2019-2025

Factors that are boosting the card printing ribbon market are security issues, card payments, and Id Proofs. Rise in the use of card payments are another source of stimulated demand for the Card Printing Ribbon market. In recent times customers are preferring to use debit/credit cards across their purchasing transactions, as a result, there is an increase in the demand for the card printing ribbon market. Card printing ribbon secures the identity and hence it is being utilized highly across various industries making it a highly demanded offering. With the latest card printing ribbons, the speed and accuracy are high which is driving the market at a fast pace. A key stimulant for this market is it has become a cost-effective method of printing methods that could be utilized across the various industries in the market.

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On the basis of product type, sales of full-color print ribbons will remain relatively higher in 2018 and beyond. Currently, global sales of full-color print ribbons represent close to 77% revenue share of the market. Towards the end of 2025, over US$ 800 Mn worth full-color print ribbons are anticipated to be sold across the globe. Dual-sided ribbons are most preferred by end-users due to their capability to hold printing ink on both sides. This feature enhances their usability as compared to single-sided ribbons. The dual-sided segment in the printing type category is expected to be highly attractive and the largest with respect to value and volume. This segment is anticipated to dominate the global market and is expected to reach a high market estimation of more than US$ 670 Mn by the end of 2025.

In terms of revenue, Asia-Pacific excluding Japan (APEJ) market is will dominate the global card printing ribbon market between 2018 and 2025. The region’s card printing ribbon market is projected to exhibit sound growth over the next couple of years. This is primarily owing to the rapid adoption of cards across sectors in countries such as China and India.

Prominent market players profiled in Transparency Market Research’s report include Zebra Technologies Corporation, IdentiSys Inc., Entrust Datacard Corporation, HID Global Corporation, Evolis SA, NBS Technologies Inc., AlphaCard, Dai Nippon Printing Co., Ltd., Unicard Systems Pty. Ltd., and Idp Corporation. 

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