Global Microprinting Market: Size, Growth, Trends, and Opportunities 2023-2033

microprinting market

The global micro printing market is expected to be worth $778.31 million in 2023, growing at a 5.9% CAGR from 2023 to 2033. In 2033, the market is expected to be worth $1,380.74 million USD.

The Advancement of Microprinting Technology Ignites the Market Growth

Advances in digital technology are increasingly being incorporated into enterprises’ core value-creation procedures. Microprinting is widely used by businesses in a variety of industries.

Key elements such as banking sector laws and regulations, the launch of novel products, growing e-commerce, and rising demand for anti-counterfeiting products are expected to grow significantly. The advancement of microprinting technology, as well as the growing demand for low-cost printing technology, are important drivers of market growth.

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Microprinting Market May Experience Sluggish Expansion Owing to Rising Digitization

The widespread use and adoption of digitalization techniques, the decision to save sensitive data digitally rather than on paper, problems with heat settings in micro printers, and other reasons could slow the market’s expansion.

The micro printing market growth would be constrained by the growing digitization. In light of how developed the global market is, it is challenging for new competitors to succeed.

Owing to the Presence of Banks and Financial Institutions, Asia Pacific Leads the Market

Due to the prevalence of numerous banks and financial institutions, governmental organizations, and corporate businesses, Asia Pacific dominates the micro printing market. When creating banknotes and chequebooks, the banking and finance industries in China, Japan, and India largely utilize microprinting technology.

The market for microprinting is expanding as the technology becomes more widely used in developed nations. The introduction of counterfeit money and rising instances of fraud are additional elements that support the market expansion.

Key Takeaways

  • With a revenue share of 60% throughout the anticipated period, the monochrome segment in the type category commanded the market.
  • During the projected period, it is expected that the color segment in the type category would expand at a sizable CAGR.
  • Between 2023 and 2033, the paper segment is expected to register a 46% revenue share in the Substrate Type category.
  • Over the projected period, the metal segment in the Substrate Type category is anticipated to expand with a sizable CAGR.
  • The market is projected to be dominated by the magnetic inks category within the ink type category, which is anticipated to register a market share of more than 33% between 2023 and 2033.
  • Between 2023 and 2033, the ink type category’s UV invisible inks segment is expected to experience a quicker CAGR growth.
  • In the print type category, the single-sided market segment is anticipated to rule, contributing a tremendous market share of over 66% during the forecast period.
  • Between 2023 and 2033, the labels application segment is expected to lead the market with a revenue share of almost 24%.

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Competitive Landscape

A lot of companies are emphasizing organic growth activities, such as new product releases, product approvals, and other things like patents and events. Various inorganic growth strategies seen in the market include acquisitions, alliances, and partnerships.

Participants in the market have been able to grow their clientele and revenue thanks to these measures. With the increasing demand for microprinting on the worldwide market, market players in the microprinting industry can anticipate profitable growth possibilities in the future.

Canon, Inc., Videojet Technologies, Inc. (Danaher Corporation), Zebra Technologies Corporation, Xerox Corporation, Ricoh Company, Ltd, Brady Corporation, Xeikon N.V., Hubergroup Deutschland GmbH, and Matica Technologies Group S.A. are a few of the leading firms mentioned in the research.

Recent Development

  • Acquisition

The primary global provider of printing solutions for MicroText markings is Xerox. It looks for acquisitions in certain growth areas to enhance portfolio blend and increase benefit.

To expand its business channels with multi-brand office arrangement vendors and improve its position in the Microprinting Market, Global Imaging Systems (GIS), a division of Xerox, purchased MT Business Technologies (US). Acquisitions are made by the organization as part of its growth strategy to increase distribution in underserved markets.

  • Launch

Manufacturers of physical access control systems (PACS) and its security integrator channels now have access to a card printer family from Matica Technologies AG.

Key Segments

By Type:

  • Monochrome
  • Color

By Ink Type:

  • Micro-Embossing
  • Special Inks
  • Magnetic Inks
  • UV Invisible Inks
  • Infrared Ink Markings

By Print Type:

  • Single-sided
  • Double-sided

By Application:

  • Currency
  • Stamps
  • Bank Checks
  • Labels
  • ID and Payment Cards
  • Documents
  • Others

By Region:

  • North America
  • Europe
  • Asia Pacific
  • South America
  • The Middle East & Africa

Author:

Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.

He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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