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Micro Printing Market Overview

The Micro Printing Market revenue totalled US$ 595.8 Mn in 2021 and is estimated to reach US$ 1,459.2 Mn by 2032, growing at a CAGR of 8.6% for 2022 – 2032.

Estimated year (2022) Market Value

US$ 637.5 Mn

Projected year (2032) Value

US$ 1,459.2 Mn

CAGR% (2022-2032)

8.6%

Top 5 Vendor Market Share

Around 35%

Micro Printing is mainly used for consumer electronics packaging to print product information. Microprinting is an anti-counterfeiting process for printing small text or numbers on stamps, bank checks, currency and other similar items. These traces are invisible to the naked eye. The purpose of using micro printing for these documents is to improvise a defence of their authenticity. Copiers and computer scanners cannot see microtext without a high-resolution image sensor.

In the future, micro printing will make it difficult for scanners and copiers to reproduce these documents. Micro printing is one of the key technologies used to prevent fraudulent activities such as document, currency and check counterfeiting. Micro printing is the printing of extremely small characters that could not be read by the naked eye. Documents which contains micro printed characters could not be copied because these characters appear as a series of dots or solid lines when printed.

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2017-2021 Micro Printing Market Demand Outlook Compared to 2022-2032 Forecast

The micro printing market demand is estimated to grow at an 8.6% CAGR between 2022 and 2032 in comparison with 2.8% CAGR registered during the historic period (2017-2021).

The micro-printing process is widely accepted in various industries, especially for improving the security of employee ID cards and driver's licenses, thus boosting the growth of the micro printing market. Currencies and stamps are both obvious growths in the micro printing market. Various government policies and agencies aimed at improving the security of currency and certificates are boosting the growth of the micro-printing market. In addition, advances in ingenious Micro printing coupled with cost-effective techniques have enhanced their applications in various industries. These factors are likely to boost the growth of the micro printing market.

Cost-effective Printing of The Micro Printing System to Appeal Corporate Organizations as well as Governments

Micro printing is gaining momentum in the development of the characters and identical patterns with the advent of the new printers such as copiers, image scanning systems and pantographs.

There has been a significant increase in R&D activity to extend and innovate the range of micro printing systems. Players in the micro printing market have strived to increase the attractiveness of their products by balancing budget constraints that affect system sales.

As a result, a low-cost micro-printing technology was developed that reduced the cost per print and increased the print speed per hour. This has impacted the adoption rate of these printers and is expected to remain so for the next few years and contributing to the growing size of the microprinting market.

Sudip Saha
Sudip Saha

Principal Consultant

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Regional Analysis

The East Asian regional market is estimated to grow by CAGR of 10.1% during the forecast period of 2022-2032 and the largest market share was held by North America of 23.3% in 2021.

East Asia's micro printing market held over 21.1% revenue share in 2021. This is due to the increased adoption of technology in various industries such as banking and finance, government agencies and corporate organizations. Demand for security and anti-counterfeiting solutions is expected to increase in education, enterprise, and government sectors, thereby driving the growth of the regional market.

North America has a large population, with strong economic conditions and has a large market for consumer electronics, packaging and ID cards.

Country-wise Insights

China is one of the leading country in the East Asia region

The China micro printing market accounted for the highest market share of 17.8% in 2021. This is due to the biggest population with increased adoption of e-commerce sector which emphasises risk for fraud and introduction of counterfeit currency are the factors driving the growth of the micro printing market in China.

Rising sales of consumer electronics in China coupled with exports to numerous countries are expected to increase the acceptance rate of micro-printing systems for labelling products and their packaging. In addition, China's established banking sector uses these systems extensively for printing currency and designing check books.

Customer base in India is showing the tremendous growth in the world.

The market for micro printing in India is estimated to grow at highest CAGR of 10.4% during the forecast period. owing to growing demand for microprinting of official and government documents such as ID cards, driver's licenses, passports, etc. The Indian market is booming due to the growing demand for microprinting to prevent fraud and the introduction of counterfeit currency in banks, financial institutions, government agencies and businesses.

Rise in financial fraud activities using counterfeit currency has increased the need for micro-printing devices, which is expected to provide lucrative growth opportunities for the Indian micro-printing market.

Implementation of the microprinting technology in USA is increasing rapidly for product security and traceability

The USA is predicted to remain the most attractive market during the forecast period. According to the study, the USA micro-printing market is set to account for nearly 12.5% market share of total North America region.

The USA is home to many banks, government financial institutions, and corporate organizations, which has increased the use of printers based on micro printing technology. Increased development activities and rapid economic expansion in the USA are expected to witness high growth of the micro printing market. In addition, banking sector standards and regulations, expanding e-commerce sector, and technological advancements in micro-printing technology in the BFSI sector are key factors driving the growth of the USA micro-printing market.

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Category-wise Insights

Why demand for the UV invisible ink is fuelling the growth of Micro Printing Market?

The market for UV invisible ink in micro printing is estimated to grow at highest CAGR of 9.8% during the forecast period. UV invisible ink are fluorescent. That is these inks are invisible to naked eye but appear to glow under blacklight or UV.

In recent years, UV invisible ink which is also known as invisible ink has rapidly developed. Moreover, micro printing is widely used for anti-counterfeiting with UV Invisible Inks playing an important role in the micro printing of stamps and currency. The consistent growth in printing currency, postage stamps and bank documents has also helped UV invisible inks micro printing grow at a significant rate.

How Packaging Application is supporting the overall growth of the Micro Printing Market?

Packaging application to hold largest market share of micro printing market during forecast period which is accounted for 17.5% in 2021. Micro printing is currently implemented on packages, boxes, tags, and labels used in packaging applications. Packaging applications require high-quality printing, security, rapid product identification and fast print turnaround times. All industries need product security and brand protection as counterfeit products can impact annual sales.

Therefore, industry players are now focused on implementing the micro printing in packaging applications to enable product security and avoid product duplication. Therefore, the micro printing market for packaging applications is expected to drive the market for micro printing.

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.

Scope of report

Attribute

Details

Market Value in 2022

US$ 637.5 Mn

Market CAGR 2022 to 2032

8.6%

Share of top 5 players

Around 35%

Forecast Period

2022-2032

Historical Data Available for

2017-2021

Market Analysis

USD Million for Value

Key Region Covered

North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa

Key Countries Covered

U.S., Canada, Germany, U.K., France, Italy, Spain, Russia, China, Japan, South Korea, India, Malaysia, Indonesia, Singapore, Australia & New Zealand, GCC Countries, Turkey, Northern Africa, and South Africa

Key Segments Covered

Type, Application and Region

Key Companies Profiled

Report Coverage

Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

Customization & Pricing

Available upon Request

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)

Frequently Asked Questions

How much is the Micro Printing Market worth?

The micro printing market was valued at US$ 595.8 Mn in 2021 and is estimated to grow at CAGR of 8.6% during the forecast period, which will reach the market value of US$ 1459.2 Mn by 2032.

Which country is expected to display highest growth rate in Micro Printing Market demand during the forecast period?

China market is expected to show a rapid growth during the forecast period, where it will represent a CAGR of around 10.4%.

What is the India micro printing market share outlook in 2021?

The micro printing market share in India was around 8.0% in 2021.

At what rate did the demand for micro printing market grow during 2022-2032?

The micro printing market growth between 2022 and 2032 is around 8.6%.

What are the top 3 countries driving demand?

The top 3 countries driving demand for cloud integration include the China, India and USA

Who are some of the leading companies offering Micro Printing solutions?

Some of the leading companies in this landscape are Xerox Corporation, Videojet Technologies, Matica Technologies AG, Team NiSCA , Ricoh Company Ltd. among others.

What will be the last 5-year micro printing market CAGR?

The market in last 5 years (2017 – 2021) has grown by a CAGR of 2.8%.

Which is the leading type segment in micro printing market?

UV invisible inks segment is expected to dominate the market in the year 2021, generating a maximum revenue, by the end of 2032.

What is the growth rate of currency in the application category, over the forecast period?

Currency has the CAGR of 5.5% for the forecast period.

What is the estimated market value of micro printing market for 2023?

The estimated market value for micro printing market for the year 2023 is US$ 683.9 Mn.

What is the growth rate for East Asia for micro printing market for the forecast period?

For East Asia region, the CAGR for the forecast period is estimated to be 10.1%.

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