Card Printer Ribbons Market Growth Expected to Dominate Worldwide by 2027

Card printer ribbons are used for printing various cards including smart cards, identity card, payments cards, etc. and are used to print in the variety of colors such as yellow, magenta, cyan and black. By using these colors, it can create various realistic photo effects, and an overlay layer is added as a protective layer which eliminates the need of laminator. Card printer ribbons are used in various cards which are user-friendly, efficient, and realistic. Card printer ribbons are widely used in number of applications such as student ID cards, club membership cards, and transportation ID badges, national ID cards, employee ID badges and driver’s licenses. In several cases, card printer ribbons are used on blank ID cards, but it can also be used on pre-printed ID cards.

Card printer ribbons market: Dynamics

The key driving factors of global Card printer ribbons market are rapidly growing banking financial service insurance industry, high investment in technology printing machines industry along with rapidly increasing educational institutions. The macroeconomic factors responsible for the growth of the global card printer ribbons market are emerging economies such as Brazil, Argentina, India and China, the rapid rate of urbanization, changing lifestyle and per capita income. Another factor which drives the Card printer ribbons market across the globe is growing information technology industries, owing to a high demand of card access for authentication purpose. Increasing digitization and growing transport and logistics industry are the major driving factor of global ribbon cable market, attributed to technological advancement in card based solutions. Few factors such as mergers and acquisitions with domestic players and increasing distribution channels will help to grow card printer ribbons market across the globe. The key restraining factors which restricts global ribbon market is low-temperature resistance, owing to low concentration colorants polyethylene terephthalate (PET) and government taxes for manufacturing Card printer ribbons. The key trends of the card printer ribbons market are using to manufacture in high secure RFID (Radio Frequency Identity Cards) for students and employees across the globe.

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Card printer ribbons market: Segmentation

Card printer ribbons market can be segmented by end-use industry type, product type, printing type, and region type globally

Card printer ribbons market can be segmented by end-use industry type as follow:-

Healthcare & Pharmaceuticals

Information Technology

Transportation & logistics

BFSI (Banking & Financial services Insurance)

Education

Printing

Manufacturing

Aviation

Defense

Card printer ribbons market can be segmented on Product type as follow:-

Monochrome

Color

Card printer ribbons market can be segmented by printing type as follow:-

Single sided printing

Dual-sided printing

Card printer ribbons market: Regional Outlook

Based on geographies, card printer ribbons market is segmented into seven regions; Western Europe, North America, Latin America, Eastern Europe, Japan, Asia-Pacific except Japan and Middle East & Africa. Among above-mentioned regions, North America accounts a significant market share in Card printer ribbons market across the globe followed by Western Europe, owing to high technological advancement for security concerns in most of the industries. Asia Pacific is estimated to witness a high growth in Card printer ribbons market, owing to growing electronics manufacturing and increasing number of educational institutions in emerging countries like China, India. The Middle East and Africa is estimated to witness a positive growth due to a high demand of card printer ribbons in the retail industry. It is estimated that Malaysia will have high growth in card printer ribbons market, attributed to high investment by prominent market players for opening new business unit to focus printing industry in Asia Pacific region. Germany is estimated to witness a high growth in card printer ribbons in Western Europe due to a rapid increase of manufacturing and automotive industry. Due to technological innovation in card printer ribbons such as transparent hologram ribbon for protecting ID card surface, Japan is predicted to witness high growth rate in global card printer ribbons.

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Few prominent players of the Card printer ribbons market as follows:-

Barcodes, Inc.

ZIH Corp

AlphaCard.

Evolis

DataCard Corporation

Magicard Ltd

Laminex-ID Systems Singapore Pte Ltd

PREVOSYS (M) SDN BHD

Dai Nippon Printing Co., Ltd.

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This release was published on openPR.