The global Microprinting market is projected to grow at a significant CAGR of over 5% during the forecast period. The market growth is mainly driven by the increasing application of microprinting in the BFSI sector due to the policies and regulations in the industry and growing government initiatives for enhancement of security printing techniques coupled with increasing document forging across the globe. For instance, in 2018, around 1,000 fake travel documents were detected at Dubai International Airport by Dubai's General Directorate of Residency & Foreign Affairs (GDRFA). These cases of document forging increase the demand of microprinting in government applications that further contribute to the microprinting market growth.
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Counterfeiting practices are particularly rampant in passports, identity cards, postage stamps, banknotes, stock certificates, and product authentication. Microprinting prevents tampering and forgery of the aforementioned instruments. The key end-user verticals in the microprinting industry include BFSI, passport industry, personal ID industry, birth certificates issuing, driving license industry, and ticketing industry.
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Global Microprinting Market Segmentation
By Substrate Type
• Others (Corporate)
• United States
• Rest of Europe
• Rest of Asia-Pacific
Rest of the World
• Brady Corp.
• Canon Inc.
• Control Print Ltd.
• Data Carte Concepts Inc.
• Domino Printing Sciences PLC
• HP Development Company, L.P.
• Matica Technologies AG
• Ricoh Company, Ltd.
• Source Technologies
• The Flesh Co.
• Trelleborg AB
• Videojet Technologies, Inc.
• William Frick & Co.
• Xeikon, a division of Flint Group
• Xerox Corp.
• Zebra Technologies Corp.
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