The Asia Pacific Microprinting Market would witness market growth of 6.9% CAGR during the forecast period (2022-2028).
Usually, all currency notes use microprinting of some kind. State and national-issued identification cards generally have smartly placed microprinting along the border or in less noticeable areas of the card, which makes it much easier for the authorities to check for fake currencies. Microprinting creates an additional layer of security with other anti-counterfeit measures like complex holograms, watermarks, and ultra-violate ink.
Another wide usage of micro-printing is in pharmaceutical labeling and packaging. Microprinting technology has reached the point where it is a standard safety measure for sensitive industries. Without micro-printing, criminals would find it much easier to duplicate daily use and essential products like ID cards, notes labels or packaging, etc. Microprinting is pushing the limits of standard printing technology, as the print must be reasonably legible when viewed through a magnification device.
The tiny graphics and text should be sharp and clear with zero blurring. The slightest change in the microprint text or picture can appear fake at first glance, even though it may be a genuine product. That’s why a piece of proper high-tech machinery is required for micro-printing.
The electronic industry in China has played a significant role in the nation's GDP growth. The Chinese government is a strong proponent of industry consolidation, pushing leading vendors in electronic industry to dominate the sector and support further development. Aside from consumer electronics, the sector is also heavily impacted by foreign-invested enterprises, which are owners of most of the core technologies used in production. India is one of the fastest-growing industries for electronics.
The China market dominated the Asia Pacific Microprinting Market by Country in 2021; thereby, achieving a market value of $80.8 million by 2028. The Japan market is estimated to grow at a CAGR of 6.2% during (2022 - 2028). Additionally, The India market would exhibit a CAGR of 7.5% during (2022 - 2028).
Based on Type, the market is segmented into Monochrome and Color. Based on Ink Type, the market is segmented into Magnetic Inks, UV Invisible Inks, Infrared Ink Markings, Micro-Embossing, Special Inks and Others. Based on Application, the market is segmented into Labels, Currency & Bank Cheque, Stamps & Documents, ID & Payment Cards and Others. Based on Substrate Type, the market is segmented into Paper, Plastic and Metal. Based on Print Type, the market is segmented into Single-sided and Double-sided. Based on Vertical, the market is segmented into BFSI, Packaging, Government, Education, Consumer Electronics, Healthcare, IT & Telecom and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Microprinting Market is Projected to reach USD 1 Billion by 2028, at a CAGR of 6.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Hewlett-Packard enterprise Company (HP Development Company L.P.), Canon, Inc., Videojet Technologies, Inc. (Danaher Corporation), Zebra Technologies Corporation, Xerox Corporation, Ricoh Company, Ltd, Brady Corporation, Xeikon N.V., Hubergroup Deutschland GmbH, Matica Technologies group S.A.
By Type
By Ink Type
By Application
By Substrate Type
By Print Type
By Vertical
By Country
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