North America Microprinting Market Size, Share & Industry Trends Analysis Report By Type (Monochrome and Color), By Ink Type, By Application, By Substrate Type (Paper, Plastic and Metal), By Print Type, By Vertical, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The North America Microprinting Market would witness market growth of 5.4% CAGR during the forecast period (2022-2028).
Currencies generally exhibit the highest quality (smallest size) of the microprint as they demand the highest level of defense against counterfeiting. For instance, on the 2004 United States’ $20 bill series, microprint is hidden within the border in the lower left corner of the front side, as well as the Twenty USA background.
Microprinting is also utilized in personal bank cheques, and numerous other valuable items. For instance, personal bank cheques typically place the characters' microprinting next to the signature line. These characters represent microprint and indicate that the signature line or other check features are characters that are microprinted. These characters are utilized as an anti-counterfeiting feature because of their difficult reproduction, whereas the prominent micro-printing serves as an overt deterrent warning that the item contains microprinting.
While microprinting at some scales may be readable to the human eyes without any magnifying tool, there is no differentiation between microprinting at these different scales. The first US postage stamp to use micro-printing was the American Wildflower series, which was introduced by the United States Postal Service (USPS) in 1992.
The government of Mexico has shown interest in expanding policies to promote generic pharmaceuticals in the nation. Mexico is a prominent market for pharmaceutics in North American nation. The United States is still the biggest supplier of pharmaceutical products to the Mexican market. In 2021, the United States exported USD 870 million to Mexico, 17% of the total market import. The United States Department of America (USDA) has announced investments to help build, equip and renovate healthcare facilities in rural areas.
The US market dominated the North America Microprinting Market by Country in 2021; thereby, achieving a market value of $244 million by 2028. The Canada market is poised to grow at a CAGR of 7.8% during (2022 - 2028). Additionally, The Mexico market would showcase a CAGR of 6.9% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Microprinting Market is Predict to reach $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.
Scope of the Study
Market Segments Covered in the Report:
By Ink Type
- Magnetic Inks
- UV Invisible Inks
- Infrared Ink Markings
- Special Inks
- Currency & Bank Cheque
- Stamps & Documents
- ID & Payment Cards
By Substrate Type
By Print Type
- Consumer Electronics
- IT & Telecom
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- 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.
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