Global card printer ribbons market was valued at USD 698.9 Million in 2020. It is projected to grow at 6.6% CAGR during the forecast period.
The Global card printer ribbons market The forecast period is expected to see significant growth. Card printer ribbons can be used to print high-quality images on cards like access cards, loyalty cards and ID cards. Market growth is expected to be driven by the increasing demand for security identification and increased use of plastic cards across various industries.
Companies such as Entrust Datacard. HID Global. Zebra Technologies. Evolis. NBS Technologies. Ultra Electronics.
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Market Dynamics for Card Printer Ribbons
Card printer adoption is increasing: There has been an increase in the use of card printers, such as payment cards and ID cards. This can be attributed to the increased use of access cards in many industries including banking, healthcare and government. This in turn is driving the demand to make card printer ribbons.
Advancements in Printing Technology. The market for card printer ribbons is thriving because of the development of advanced printing technologies like dye-sublimation or thermal transfer. These technologies provide high-quality printing, and are more efficient than traditional methods.
Growing Security Need: Card printers and ribbons are in high demand due to the need for security and access control systems. Card printer ribbons are used to print security features such as microtext, UV printing, and holograms. This helps prevent fraud and counterfeiting.
Card Printer Ribbons: Smart cards are becoming more popular. These cards require special printing to ensure that the microchip is correctly embedded in the card.
Government Regulations: There are many government regulations that require the use of smart cards and ID cards for access control and identification. This is driving demand for card printers as well as card printer ribbons.
High-Quality Printing at a Low Cost: Card printer ribbons can be used to print high quality cards in small quantities. This makes them ideal for small businesses as well as organizations that require access control cards or ID cards.
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The market is divided by type, technology and application. The market can be divided into monochrome and color ribbons based on its type. Because of the growing demand for high-quality images on plastic cards and text, the color ribbons market will be the dominant segment during the forecast period.
Based on technology, the market can be segmented into dye-sublimation, thermal transfers, and other. Due to its ability print high-quality images on plastic cards and text, the dye sublimation segment will dominate the market over the forecast period.
Based on their application, the market can be segmented into access cards, loyalty cards and ID cards. Because of the growing demand for secure identification in various industries, the ID card segment is expected to dominate this market.
The market can be divided by region into North America (Europe), Asia-Pacific (Asia-Pacific), and Rest of the World. Due to increasing use of plastic cards and growing demand for secure identification, Asia-Pacific will dominate the market over the forecast period.
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Competitive Landscape
Entrust Datacard Corporation and Evolis are the major players in this market. Zebra Technologies Corporation is also a key player. To maintain their market position, these companies are investing in product innovation and development. Entrust Datacard Corporation launched its new CR805 card printing machine in March 2021.
The market for card printer ribbons is expected to grow significantly over the forecast period. This market is driven by increasing demand for secure identification as well as the increased use of plastic cards across various industries. Companies are focused on product innovation and market development in order to stay ahead of the competition. Entrust Datacard Corporation (Evolis), Zebra Technologies Corporation, and other players are major players in the market.
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