The Global Card Printer Ribbons Market size is expected to grow from USD 1.5 billion in 2021 to USD 2.7 billion by 2028, at a CAGR of 7.3% during the forecast period (2021-2028). The market for Full-Color Print Ribbons is estimated to be the largest among all types and applications segments, while the Banking segment is expected to dominate the overall market with more than 40% share by 2028 end.
Card printer ribbons are the consumables used in card printers by banks, retailers, and other organizations for printing customer cards. They come with different types of polymer colors including full-color print ribbons, monochrome print ribbons, etc. A card printer ribbon is also known as PVC film or plastic material that is coated with colored ink on a fabric backing.
On the basis of Types, the market is segmented into Full-Color Print Ribbons, Monochrome Print Ribbons, and Others.
Full-color print ribbons are the type of card printer ribbons that come with a set of six colors, which include black. They provide better quality output than monochrome print ribbons and can be used for identification purposes like ePassports.
Monochrome ribbons are the type of card printer ribbons that come with a set of black and white colors. It can be used for printing text, bar codes, or images on paper.
On the basis of Applications, the market is segmented into Banking, Financial Services And Insurance (BFSI), Government, Retail, Wholesale Healthcare and Life Sciences Manufacturing Automotive Transportation Logistics Telecom IT Media, and Entertainment.
Banks have been using card printer ribbons to print a customer’s account number on credit or debit cards. Numbers are printed in magnetic ink which is difficult for hackers to duplicate.
Financial services providers have been using card printer ribbons to print financial statements on cards. This helps customers verify their balances and confirm the accuracy of transactions in real-time.
Insurance companies have been using card printer ribbons to print insurance cards which help customers verify their coverage and claim status.
Government agencies have been using card printer ribbons to print government IDs for citizens.
Retailers have been using card printer ribbons to print customer loyalty cards. This helps them with marketing as well as for providing discounts at checkout counters.
Wholesale distributors have been using card printer ribbons to print barcode stickers for products.
Doctors and hospitals have been using card printer ribbons to print patient ID cards.
Manufacturers and auto dealerships have been using card printer ribbons to print barcode stickers that are then applied on vehicle windows.
Card printer ribbons have been used for printing barcodes on shipping and logistics boxes.
Telecom carriers and IT service providers have been using card printer ribbons to print customer ID cards. Corporations have been using card printer ribbons to print barcode stickers for their products. The ribbons are then used by the companies as part of a time-tracking application or product serialization software.
Card printer ribbons have been used to print barcodes for out-of-home advertising. For instance, card printer ribbons can be used as a simple and effective method of tracking audience footfall at different locations in the city or state. The data on this is then compiled into reports that provide useful insights about their marketing campaign's effectiveness over time.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.
North American countries such as U.S., Canada, and Mexico are experiencing an increase in population which leads to increased demand for products that require barcode stickers. The rising trend in healthcare services also influences printing demands from these regions into the life sciences manufacturing segment.
Latin American countries such as Brazil and Argentina have seen an increase in demand for products that use barcode stickers due to the rapid growth of the population.
Europe has a number of developed countries with consistent printing demands from these nations into segments like BFSI, Government, Retail, Wholesale Healthcare, And Life Sciences Manufacturing Automotive Transportation Logistics Telecom IT Media and Entertainment.
The Asia Pacific is one of the fastest-growing regions globally that includes China India Thailand Philippines Singapore Malaysia Indonesia The market is characterized by low demand for print ribbons used in banking applications but high demand for downstream industrials like the healthcare manufacturing segment. Countries such as Japan are seeing increased adoption rates on card printers leading to higher consumption levels among life sciences manufacturers.
The Middle East & Africa region is the most rapidly growing region driving favorable growth prospects for card printer ribbons.
The growth factors for the Global Card Printer Ribbons Market include high adoption rates of card printers, increasing interest to use plastics in cards, and rising demand from downstream industries like healthcare manufacturing. Other Growth factors are the increased adoption of contactless card transactions and the rising number of POS devices.
Up Market Research published a new report titled “Card Printer Ribbons Market research report which is segmented by Types (Full-Color Print Ribbons, Monochrome Print Ribbons, Others), By Applications (Banking, Financial Services, And Insurance (BFSI), Government, Retail, Wholesale, Healthcare And Life Sciences, Manufacturing And Automotive, Transportation And Logistics, Telecom And IT, Media And Entertainment), By Players/Companies Entrust Datacard, HID Global, Zebra Technologies, Evolis, NBS Technologies, Ultra Electronics, Others”.
|Report Attributes||Report Details|
|Report Title||Card Printer Ribbons Market Research Report|
|By Type||Full-Color Print Ribbons, Monochrome Print Ribbons, Others|
|By Application||Banking, Financial Services, And Insurance (BFSI), Government, Retail, Wholesale, Healthcare And Life Sciences, Manufacturing And Automotive, Transportation And Logistics, Telecom And IT, Media And Entertainment|
|By Companies||Entrust Datacard, HID Global, Zebra Technologies, Evolis, NBS Technologies, Ultra Electronics, Others|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||204|
|Number of Tables & Figures||143|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Full-Color Print Ribbons, Monochrome Print Ribbons, Others and By Application Banking, Financial Services, And Insurance (BFSI), Government, Retail, Wholesale, Healthcare And Life Sciences, Manufacturing And Automotive, Transportation And Logistics, Telecom And IT, Media And Entertainment.
Some of the companies that are profiled in this report are:
Card Printer Ribbons Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Card Printer Ribbons Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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