Microprinting Market By Ink & Technology (Micro-Embossing, Magnetic Ink, UV & Infrared Ink, Special Inks), By Application (Currency, Stamp, Bank Cheques & Drafts, ID & Access Cards, Consumer Electronics, Packing & Logistics, Defense Application) - Growth, Future Prospects, And Competitive Landscape, 2018 - 2026

Microprinting can be defined as the fine printing which requires some degree magnification to interpret the printed alphanumerical and symbolic information. Microprinting is vital tool as a security measure to prevent counterfeiting. Microprinting is extensively used in printing national documents and other important circulations such as currency or postal stamps. Reproduction of such documents through unauthorized copier is not feasible as the micro prints will appear as dots, lines or blur texts. Consequently, incorporation of microprinting for official document and even in commercial document to a greater extent is expected to expedite the demand for microprinting in coming years and allowing the market to grow with a growth rate of 4.8% throughout the forecast period from 2018 to 2026.

"UV & Infrared Inks to Make its Mark in the Global Microprinting Market"

UV & infrared inks or in other terms invisible are gaining rapid growth in past few years. Microprinting is used extensively to fight counterfeiting and UV & infrared inks play a vital role in microprinting of stamps and currencies. Consistent growth in printing of currencies and stamps and bank dossiers also helping UV & infrared ink microprinting to grow with considerable rate. Micro-embossing is also showing considerable growth. Micro-embossing is used for printing on consumer electronics and ID & access cards. Growth in access security is expected to help micro-embossing to grow considerably in coming years.

"ID & Access Cards are Emerging as the Fastest Growing Application for Microprinting Marketing"

Consistent growth in access control & security has certainly helped application such as ID & access cards as the fastest growing application in the global microprinting market. However, the top spot is claimed by currency and bank cheques and drafts and expected to retain their respective spots throughout the forecast period from 2018 to 2026. Defense application is also counted as a major contributor in the global microprinting market. Importance documents and profiles in defense and military organizations extensively use microprinting for security and confidential parameters. The proliferation of microprinting across the stated application is significant and expected to remain on steady growth path.

"Growing Economic Reforms and Presence Developing Countries are Encouraging the Growth of Microprinting"

Asia Pacific is home to some of the fastest developing nations across the globe. Countries such as India and China are growing with an exponential rate from past few years. This has certainly boosted the demand for economic and government documents such as currencies, stamps, bank cheques & drafts and defense applications. All the aforementioned drafts heavily include microprinting and hence Asia Pacific is one of the most prominent markets for microprinting. Besides, Asia Pacific is also a global hub for consumer electronics and growing trend of microprinting on consumer electronics in the region is also proliferating along with the growth of consumer electronics. Other Region including North America and Europe also contribute notable share in the overall microprinting market. In addition, Latin America and Middle East Africa are also going to become a hotspot for microprinting in coming years.

"Fragmented Market Offers Resistance for Leading Industrial Shredder Companies"       

The complexities and the security issues associated with microprinting has kept all major as well as local microprinting companies on their toes. Stiff competition is brewing up among the companies associated with microprinting. Furthermore, the market is quite competitive and entry to new players is definitely not a cakewalk. The research comprises business approaches and modern evolution of few of the most prominent companies in microprinting market includes Hewlett-Packard Company, Huber Group, Diagramm Halbach GmbH & Co. KG, Gallas Label & Decal, Printegra, Team NiSCA, Xerox Corporation, Micro Format Inc., Brady Inc., Saueressig GmbH Co KG., Videojet Technologies, Inc., Zebra Technologies Corporation, HP Inc., Ricoh Company Ltd., and Canon Finetech Nisca Inc. among others.