The Europe Microprinting Market would witness market growth of 5.5% CAGR during the forecast period (2022-2028).
The interest in microprinting as a solution to store books in libraries is being widely considered. Many people prefer choosing microprinting over micro-film due to its less cost. It was also recommended that entire books be printed on the backs of the library catalog cards, which are usually blank, replacing the storage of full-sized books on library shelves.
Pharmaceutical sector widely uses the microprinting technology due to its application in the smart packaging of various medications. The packaging mainly involves apportioning, utilizing, and dosing the pharmaceutical item. Pharmaceutical packaging is essential in numerous end-use applications like contract packaging, retail pharmacies, pharmaceutical manufacturing, and others. Also, cohesive government guidelines for pharmaceutical packaging increase the need to utilize microprinting. According to the Poison Prevention Packaging ACT (PPPA) in the United States, numerous pharmaceutical substances are packaged in child-resistant packaging, which also requires microprinting.
The Parliament of the UK has announced a law to improve the competitiveness of the UK’s financial services and enhance the growth and investments across the UK. The Financial Services and Markets Bill will ensure consumer protection through legislation, safeguarding access to cash for generations to come. Also, this would enable the payment systems regulator to direct banks to reimburse victims of the Authorized Push Payment Fund.
The Germany market dominated the Europe Microprinting Market by Country in 2021; thereby, achieving a market value of $64.9 million by 2028. The UK market is anticipated to grow at a CAGR of 4.6% during (2022 - 2028). Additionally, The France market would witness a CAGR of 6.3% during (2022 - 2028).
Based on Type, the market is segmented into Monochrome and Color. Based on Ink Type, the market is segmented into Magnetic Inks, UV Invisible Inks, Infrared Ink Markings, Micro-Embossing, Special Inks and Others. Based on Application, the market is segmented into Labels, Currency & Bank Cheque, Stamps & Documents, ID & Payment Cards and Others. Based on Substrate Type, the market is segmented into Paper, Plastic and Metal. Based on Print Type, the market is segmented into Single-sided and Double-sided. Based on Vertical, the market is segmented into BFSI, Packaging, Government, Education, Consumer Electronics, Healthcare, IT & Telecom and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Microprinting Market will Hit $1 Billion by 2028, at a CAGR of 6.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Hewlett-Packard enterprise Company (HP Development Company L.P.), Canon, Inc., Videojet Technologies, Inc. (Danaher Corporation), Zebra Technologies Corporation, Xerox Corporation, Ricoh Company, Ltd, Brady Corporation, Xeikon N.V., Hubergroup Deutschland GmbH, Matica Technologies group S.A.
By Type
By Ink Type
By Application
By Substrate Type
By Print Type
By Vertical
By Country
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