Albany, New York, October 6, 2017: Identity cards are being mandated at almost every place, be it educational campuses or workplaces and due to this, the requirement for card printing has significantly increased. A report based on card printing ribbon market with title “Card Printing Ribbon Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2022” is submitted recently with Market Research Reports Search Engine (MRRSE). This comprehensive report gives readers an overview of global industry analysis including current updates, historical trends and future prospects of card printing ribbon market.
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The report shares the trends of the market stating the demand for card printing technologies has increased over the last few years as the requirement of cards grow. The higher demand for card printing makes manufacturers enhance card printing machines and improve their machine components. In today’s modern world, cards are incorporated in operations of government, enterprise and corporation outfits thereby helping grow the usage of card printing ribbons.
According to the report, as the adoption of cards for identification and security purpose increases rapidly, the healthcare management and government administrations are also influencing positively the global sales of card printing ribbon. Additionally, card printing ribbons are cost-efficient and reliable due to which there are constant developments in the printing technology. As per the report, the latest card printing ribbons provide high speed printing with finest accuracy. The report estimates the global card printing ribbon market to reach a value of around US$ 830 Mn by the end of 2022 with a strong CAGR during the forecast period.
There are two types of ribbons used commonly which are full color print ribbon and monochrome print ribbon. As per the report findings, the card printing ribbons are used in printers that are only used for printing of plastic cards either in mono-color format or in full color format. The primary objective of the manufacturers is to provide sharp text imprints and highly accurate image patterns of the ribbon. The quality of card printing ribbons is enhanced with developments in card printing technology.
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Geographically, the report finds the region Asia-Pacific excluding Japan (APEJ) to dominate the global card printing ribbon market in terms of revenue during the forecast period 2017 and 2022. The card printing ribbon market of Asia-Pacific excluding japan is expected to exhibit a decent growth in the next couple of years primarily due to the rapid adoption of cards across sectors in developing countries such as China and India.
The report predicts the sales of full color print ribbons to remain relatively higher from 2017 onwards whereas the current market share of full color print ribbons is nearly 77% globally. According to the report, full color print ribbons expected to be sold over US$ 600 Mn by the end of 2022 across the globe.
As per the report, the key players in the card printing ribbon market are Idp Corporation, Unicard Systems Pty. Ltd., Dai Nippon Printing Co., Ltd., AlphaCard, NBS Technologies Inc., Evolis SA, HID Global Corporation, Entrust Datacard Corporation, IdentiSys Inc. and Zebra Technologies Corporation.
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