The revenue for the Micro Printing Market was US$ 595.8 million in 2021 and is projected to increase to US$ 1,459.2 million by 2032, rising at a CAGR of 8.6% from 2022 to 2032.
Micro printing is an anti-counterfeit technique of printing alphabetic letters and numbers on currency, stamps, bank checks and others item of value for security purposes. Micro print is generally invisible with our naked eyes and is generally placed at an unnoticeable area of the item. The computer scanner and photocopier machines cannot view the micro print and hence display it in the form of line or dots.
The demand for micro printing has arisen due to focus on detecting and preventing fraudulent activities. The global micro printing market has witnessed tremendous growth due to its global adoption across different verticals, especially for driving licences and employee ID cards.
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Micro Printing Market Dynamics
The main factor that drives the growth of micro printing market is development and introduction of innovative products and services. Government and corporate organizations are increasingly adopting micro printing for identity cards and licences as a security tool to avoid misuse and fraud. This is another factor that has boosted the growth of global micro printing market. Currency and stamps are the prominent sectors for micro printing market.
The global micro printing market is quite mature and there is limited scope for new entrants to survive. The market is expected to show double-digit growth during the forecasted period.
The US$ 100 bill has been released recently with micro printing along the quill of the note. Development of cost-effective micro printing technology has further enhanced its application range along different verticals. The different universities around the world are researching on micro printing to enhance its scope and fuel future opportunities. Researchers from Penn State University have recently discovered cost-effective artificial cells using micro printing technology, which can be used for drug and gene delivery devices.
Competitive Landscape
Acquisitions and mergers are the default expansion strategies of players operating in the micro printing market. In the micro printing market, we are also seeing trends in the development of novel printers that utilize cutting-edge technology and eco-friendly printers. For instance,
In May 2022, Matica, is a leading provider of the secure issuance and digital identity solutions Matica announced the acquisition of the NBS Technologies and UbiQ software from Ai Holdings. The addition of NBS hardware solutions which includes Horizon and Imagemaster and Javelin, which strengthens Matica’s secure issuance range.
In March 2022, Ricoh Company, Ltd. announced the launch of three industrial grade inkjet printheads: RICOH MH5442, RICOH MH5422 and RICOH MH5422. It can be used as a key component in digital printing systems. New printheads provide superior image quality and productivity.
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Micro Printing Market Key Players
Diagramm Halbach GMBH (Germany), Saueressig GmbH Co KG (Germany), Team NiSCA (U.S.),Xerox Corporation (U.S.),Micro Format Inc. (U.S.), Hewlett-Packard Company (U.S.), Gallas Label & Decal (U.S.),Brady Inc. (U.S.), Printegra (U.S.), Huber Group (India) etc. among others are some of the top players in global micro printing market.
These companies adopt the strategy of innovation, mergers and acquisition in order to grab maximum market share in global micro printing market. Innovative efforts are needed to improve the output quality of micro printing, reduce the cost of micro printing devices and development of end user acceptable product.
Micro Printing Market by Category
Type:
Micro-Embossing
Special Inks
Magnetic Inks
UV Invisible Inks
Infrared Ink Marking
Others
Application:
Currency
Stamps
Bank Checks
Labels
Defense
Packaging
ID Cards
Consumer Electronics
Others
Region:
North America
Latin America
Europe
East Asia
South Asia & Pacific
Middle East and Africa (MEA)