Banking & finance application to dominate microprinting market

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MarketsandMarkets Presents
Microprinting Market by Substrate Type (Plastic,
Paper, Metal), Print Type (Single-Sided,
Double-Sided), Type (Monochrome, Color),
Application (Banking Finance, Government,
Packaging, Healthcare, Education, Corporate),
Geography - Global Forecast to 2024 The
microprinting market is projected to reach USD
670 million by 2024, growing at a CAGR of 5.0
from 2019 to 2024. Standards and regulations in
the banking sector, and technological advancement
in microprinting technology are a few major
factors driving the growth of the microprinting
market.
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MarketsandMarkets Presents
Single-sided print type to hold major share of
microprinting market during forecast
period Single-side microprinting is done on check
slips, stamps, official documents, medical
prescription and reports, packaging labels, and a
few ID cards. The growth of this market is mainly
attributed to its widespread use in government,
education, and corporate applications. Almost all
postage stamps, check slips, event ID cards
require single-sided microprinting. Download PDF
Brochure _at_ https//www.marketsandmarkets.com/pdfdo
wnloadNew.asp?id216162103 Moreover, the
packaging industry adopts single-sided
microprinting to protect products from duplicity.
Matica Technologies AG (Germany), one of the
leading financial card providers, offers XID8600
printer, which supports single-sided
microprinting on cards. The XID8600, a premium
quality printer, could be used for ID card
printing. It has the ability to produce up to 120
single-sided cards per hour.
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MarketsandMarkets Presents
Banking finance application to dominate
microprinting market during forecast period The
banking finance application is expected to hold
the largest market share of the microprinting
market during the forecast period. The growth of
this market is attributed to the increasing
demand from banking and financial sectors for
anti-counterfeit tools and printers for
counterfeit deterrence. Banking finance
application uses microprinting for various
banking documents, including check slips,
currency/banknotes, financial or payment cards,
ID cards. Microprinting technology focuses on
fulfilling these demands by printing microscopic
text.
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MarketsandMarkets Presents
Xerox Corporation (US), Videojet Technologies,
Inc. (US), Matica Technologies AG (Germany),
Brady Corporation (US), Zebra Technologies
Corporation (US), HP Inc. (US), Ricoh Company
Ltd. (Japan), Canon Finetech Nisca Inc. (Japan),
Source Technologies (US), SAFEChecks (US), Xeikon
(Netherlands), Domino Printing Sciences PLC (UK),
Control Print Ltd. (India), Data Carte Concepts
(Canada), Evolis (France), Micro Format, Inc.
(US), Spectrum Positive (UK), Printegra (US),
Trustcopy (Singapore), and William Frick
Company (US)  are major players in the
microprinting market. Read More _at_
https//www.marketsandmarkets.com/PressReleases/mi
croprinting.asp
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MarketsandMarkets Presents
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