Card Printer Ribbons Market Sales Revenue to Cross USD 964.2 million by 2025 – X herald
The global card printer ribbons industry was valued at USD 698.9 Million in 2020. By 2025, it is expected that it will reach USD 962 million. This growth rate of 6.6% is forecast for the forecast period.
The Global card printer ribbons market It is expected that it will experience significant growth over the forecast period. Card printer ribbons can be used in card printers to print high quality images and text on cards such as access cards, loyalty cards, and ID cards. Market growth is expected to be driven by the increasing demand for secure identification as well as the growing use plastic cards in different industries.
Companies such as Entrust Datacard. HID Global, Zebra Technologies. Evolis. NBS Technologies. Ultra Electronics.
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Market Dynamics for Card Printer Ribbons
Card Printers are Increasingly Popular: Card printers are in high demand due to increasing adoption. This is driving the demand to make card printer ribbons.
Advancements in Printing Technology. Innovations in the card printer ribbons market are being driven by advanced printing technologies such as dye-sublimation, thermal transfer, and other additives. These technologies are more efficient than traditional printing methods and offer high-quality printing.
Security is on the rise: Card printers, card printer ribbons, and other security products are in great demand. Card printer ribbons can also be used to print security measures such as holograms and UV printing.
Increased Use of Smart Cards: Card printer ribbons are in high demand due to the increasing use of smart card, which are embedded with microchips. These cards require special printing to ensure that the microchip is correctly embedded in the card.
Government Regulations – There are many government regulations that mandate the use ID cards and smartcards for identification and access control. This drives the demand to card printers and card printer ribbons.
Cost-effective Printing: Card printers ribbons are an economical way to print high quality cards in small quantities. This makes them ideal for small businesses as well as organizations that need to print ID cards and access control cards in-house.
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The market is segmented according to type, technology and application. The market can be divided into monochrome and color ribbons based on its type. The market’s dominant segment, color ribbons, is expected to be the most popular during the forecast period. This is due to the growing demand for high-quality images on plastic cards and text.
The market can be divided into three segments based on technology: dye sublimation and thermal transfer. The market’s dominant segment is expected be dye sublimation, which can print high-quality images on plastic cards and text.
The market is divided by application into access cards, loyalty cards and ID cards. Due to increasing demand for security in various industries, the ID cards segment will dominate the market over the forecast period.
The market can be divided by region into North America (Europe), Asia-Pacific (Asia-Pacific), and Rest of the World (rest of the world). The market is expected to be dominated by Asia-Pacific during the forecast period, due to the growing adoption of plastic card and the growing demand to secure identification.
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Competitive Landscape
Entrust Datacard Corporation and Evolis are the major players in this market. Zebra Technologies Corporation is also a major player. To maintain their market leadership, these companies are investing in product innovation and development. Entrust Datacard Corporation launched its new CR805 card printing machine in March 2021.
The market for card printer ribbons is expected to grow significantly over the forecast period. The increasing demand for secure identification as well as the increased use of plastic cards across various industries are driving the market. The market is highly competitive. Companies are focused on product innovation and new development to keep their market share. Entrust Datacard Corporation and Evolis are the major players in this market, as well as Zebra Technologies Corporation and Zebra Technologies Corporation.
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