Market Snapshot:
Card Printer Ribbons are also known as central components of the printer card that ensures the cards gets accurate color patterns, sharp barcodes, and crisp text through printing technologies. These ribbons happen to make sharp, vivid ID cards for the spectacular employee or student badges. It comes in different patterns as per the print, color, and the design of a badge and the user’s application. As the world is going through a cashless process these cards are mandatory to be fashionable. Rising trend of fashionable ID cards in the office, collages, etc. are driving the market for card printer ribbons.
Segment Analysis
AMA Research have segmented the market of Global Card Printer Ribbons market by Type, Application and Region. On the basis of Type, Full Color Print Ribbons are dominating the market in the year 2020 where as Monochrome Print Ribbons stood as second largest market share.
On the basis of geography, the market of Card Printer Ribbons has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Trend
Increasing Adoption of ID Cards in the Manufacturing Industry and Adoption of Being Cashless Globally
Market Drivers
Increasing Consumer’s Preference towards Cashless Payments, Security Issues, And Identity Proof, Increasing Usage of Cards for Withdrawal and Payments World Widely and Importance of Personal Identification Which Covers States Identification Card, Driver’s Licenses
Opportunities
Growing Safety Concerns towards Students by Collages or Schools and Growing Banking, Healthcare and Government Sector in Emerging Economies
Restraints
- Lack of Standards in Card Printing Methods
- Increased Cost Efficiency of Card Printing
In addition to the aforementioned factor, Increasing Consumer’s Preference towards Cashless Payments, Security Issues, And Identity Proof
is expected to propel the growth of the market over the forecast period.
The key Manufacturers profiled in the study are Zebra (United States), Barcodes, Inc. (United States), AlphaCard. (United States), DataCard Corporation (United States), Magicard Ltd (United Kingdom), Laminex-ID Systems Singapore Pte Ltd (Singapore), PREVOSYS (M) SDN BHD (Malaysia) and Dai Nippon Printing Co., Ltd. (Japan). A lot of Global players are profiled in the research study indicating a strong market dependence.