Press release
Tactile Printing Market Analysis with Future Growth, Trends and Top Manufacturers are Altix, Konica Minolta, Rink Printing Company, Sturdy Print & Design and American Thermoform
According to our latest market study on “Tactile Printing Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Application and End-User”, the market was valued at US$ 1,353.27 million in 2021 and is projected to reach US$ 2,257.92 million by 2028; it is expected to grow at a CAGR of 7.6% from 2021 to 2028.Tactile printing finds various applications in pharmaceutical, medical packaging, human services, health science, agriculture, service, and other sectors. The demand for tactile printing is being majorly driven by the growing use of this technique in mapping, labeling, packaging, security, and secure documentation. Further, increasing investments in the Braille printing technology due to the escalating demand for customized solutions such as Braille printed games, wristbands, musical cards, pins, switches, visiting cards, location labels, stickers, greeting cards, and calculators is augmenting the growth of the tactile printing market. With many countries focusing on encouraging the employment of visually impaired people, the Braille printing industry is presenting significant opportunities to the tactile printing market players.
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In terms of geography, the tactile market is segmented into North America, Europe, APAC, MEA, and SAM. The Asia Pacific held the largest revenue share in 2020, followed by North America and Europe. Further, Asia Pacific is expected to witness the highest CAGR during the forecast period. The tactile printing market is segmented on the basis of application and end-user. Based on application, the market is segmented into packaging & labels, tactile graphics, and secure documentation. The packaging & labels segment led the overall market in 2020. Based on end-user, the tactile printing market is segmented into Braille users, industrial, and government & defense. The Braille users segment is expected to register the highest CAGR during 2021–2028.
Impact of COVID-19 Pandemic on Tactile Printing Market
The COVID-19 outbreak crisis is adversely affecting most industries across the world. Due to the disruptions in supply and demand across the value chain, companies operating in the global tactile printing market are witnessing a decline in revenue and business growth. Therefore, the outbreak restrained the overall growth of the market in 2020 to some extent. However, owing to the expected rise in demand from commercial and industrial users globally, the market growth is expected to normalize from the third quarter of 2021 and continue to grow at a steady rate from 2021 to 2028.
The List of Companies - Tactile Printing Market
Altix
Konica Minolta, Inc.
Rink Printing Company
Sturdy Print & Design Ltd
American Thermoform
Canon Inc
Index Braille
Kanematsu USA
ViewPlus Technologies Inc
Roland DG Corporation
Growing Demand for Tactile Graphics to Empower Visually Impaired People
Employers at small and medium-sized enterprises provide employment opportunities to a diverse range of candidates, accommodating physically disabled contenders in the workforce. Consequently, sectors such as marketing, business management, and administration, human services, health science, and agriculture are extensively employing visually impaired aspirants at a large scale. Several other sectors employing visually impaired individuals include non-profit organizations; local, state, and federal governments; and self-employed entrepreneurs. Legislative changes and civil rights laws also positively impact the career opportunities of visually impaired individuals. Therefore, tactile signage boards and maps are in high demand to assist these people at workplaces.
The Tactile Printing has been segmented as follows:
Tactile Printing Market – by Application
Packaging & Labels
Tactile graphics
Secure Documentation
Tactile Printing Market – by End User
Braille Users
Industrial
Government & Defense
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The Tactile Printing Market research study is designed to keep in focus all the major countries. Although all these countries & their market trends were accounted for while composing it, detailed sections are available for only the spearheads. In case if you would be interested in specific countries that are not covered in the current scope, kindly share the list & we can customize the study based on the geographical scope defined by you.
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Our research content is majorly focused on market trends in terms of market sizing, competitive landscaping, company analysis, regional or country analysis etc. We provide a detailed break-up of segmentation in terms of geography, technology, product and services etc.; which helps our clients to get deeper analysis on various research topics.
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