According to a new study by Transparency Market Research (TMR), the business landscape in the global card printing ribbon market is highly competitive. Zebra Technologies, Entrust Datacard Corp., IdentiSys Inc., HID Global Corp., Evolis SA, NBS Technologies Inc., AlphaCard, Unicard Systems Pty. Ltd., Dai Nippon Printing Co. Ltd., and Idp Corp. are some of the leading players in this market. They are likely to focus on mergers and acquisitions in the years to come for further expansion in their businesses, states the report.
As per the research report, the global market for card
printing ribbon is registering a significant rise in their valuation and are
expected to remain doing so over the next few years. Among the card printing
ribbons, available across the world, the demand for full color print ribbons is
relatively greater than others and this trend will continue to over the period
of the forecast. The full color print ribbons segment is expected to acquire a
share of more than 65% in the global market by the end of 2017.
Additionally, the segment is expected to touch a valuation of US$600 mn
by the end of 2022. Based on the industry, the demand for card printing ribbons
is higher in the retail and hospitality industry and it is expected to continue
like this during the assessment period. Currently, the retail and hospitality
segment has occupied a share of nearly 33% and is projected to remain
increasing in the years to come, states the research report.
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In terms of the region, the worldwide market for card
printing ribbon reports its presence across Asia Pacific excluding Japan,
Europe, the Middle East and Africa, North America, and Latin America. With the
augmenting demand for card printing ribbons in emerging economies, such as
India and China, Asia Pacific excluding Japan has surfaced as the leading
regional market for card printing ribbons across the world and is expected to
retain its supremacy over the next few years, notes the market study.
Technological Advancements to Boost Global Card printing
ribbon Market
“The technological advancements in cards, nowadays, such as
equipping cards with security management tools, are influencing the global
market for card printing ribbons significantly,” says an analyst at TMR. In
addition to this, the enforcement of new safety and security rules and
regulations, has mandated the utilization of identity cards in many institutes
and offices, which, in result, is likely to boost this market over the next few
years. Apart from this, the increasing adoption of cards in the government and
medical and healthcare organizations is also expected to propel this market in
the years to come, states the research report.
Absence of Quality Standard to Hamper Market’s Growth
The lack of standards in card printing methods across the
world may hamper the growth of the global card printing ribbons market in the
near future. However, the increased cost efficiency of card printing due to the
rising usage of novel technologies is expected to normalize the impact of these
restraints over the forthcoming years, reports the research study.
The review is based on a report by Transparency Market
Research, titled “Card Printing Ribbon Market (Product Type - Full Color
Print Ribbons Card, Monochrome Print Ribbons Card; Sector - BFSI Card Printing
Ribbon, Government Card Printing Ribbon, Corporate Card Printing Ribbon, Retail
& Hospitality Card Printing Ribbon) - Global Industry Analysis, Size,
Share, Growth, Trends and Forecast 2017 - 2022.”
The global card printing ribbon market is segmented into:
By Product Type
- Full
color print ribbons
- Monochrome
print ribbons
By Application Sector
- BFSI
- Government
- Corporate
- Retail
and hospitality
- Other
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