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The microprinting market is projected to reach USD 670 million by 2024, growing at a CAGR of 5.0% from 2019 to 2024<br>https://www.marketsandmarkets.com/Market-Reports/microprinting-market-216162103.html
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MarketsandMarkets Presents Microprinting Market by Substrate Type (Plastic, Paper, Metal), Print Type (Single-Sided, Double-Sided), Type (Monochrome, Color), Application (Banking & Finance, Government, Packaging, Healthcare, Education, Corporate), Geography - Global Forecast to 2024 The microprinting market is projected to reach USD 670 million by 2024, growing at a CAGR of 5.0% from 2019 to 2024. Standards and regulations in the banking sector, and technological advancement in microprinting technology are a few major factors driving the growth of the microprinting market.
MarketsandMarkets Presents Single-sided print type to hold major share of microprinting market during forecast period Single-side microprinting is done on check slips, stamps, official documents, medical prescription and reports, packaging labels, and a few ID cards. The growth of this market is mainly attributed to its widespread use in government, education, and corporate applications. Almost all postage stamps, check slips, event ID cards require single-sided microprinting. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=216162103 Moreover, the packaging industry adopts single-sided microprinting to protect products from duplicity. Matica Technologies AG (Germany), one of the leading financial card providers, offers XID8600 printer, which supports single-sided microprinting on cards. The XID8600, a premium quality printer, could be used for ID card printing. It has the ability to produce up to 120 single-sided cards per hour.
MarketsandMarkets Presents Banking & finance application to dominate microprinting market during forecast period The banking & finance application is expected to hold the largest market share of the microprinting market during the forecast period. The growth of this market is attributed to the increasing demand from banking and financial sectors for anti-counterfeit tools and printers for counterfeit deterrence. Banking & finance application uses microprinting for various banking documents, including check slips, currency/banknotes, financial or payment cards, ID cards. Microprinting technology focuses on fulfilling these demands by printing microscopic text.
MarketsandMarkets Presents Xerox Corporation (US), Videojet Technologies, Inc. (US), Matica Technologies AG (Germany), Brady Corporation (US), Zebra Technologies Corporation (US), HP Inc. (US), Ricoh Company Ltd. (Japan), Canon FinetechNisca Inc. (Japan), Source Technologies (US), SAFEChecks (US), Xeikon (Netherlands), Domino Printing Sciences PLC (UK), Control Print Ltd. (India), Data Carte Concepts (Canada), Evolis (France), Micro Format, Inc. (US), Spectrum Positive (UK), Printegra (US), Trustcopy (Singapore), and William Frick & Company (US) are major players in the microprinting market. Read More @ https://www.marketsandmarkets.com/PressReleases/microprinting.asp
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