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Global Plastic Cards Market Report Description:
Global plastic cards market report gives comprehensive outlook on plastic cards across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The report on global market gives historical, current, and future market sizes (US$ Mn) on the basis of type, technology, application and region. This report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global plastic cards market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global plastic cards market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the global plastic cards market report include suppliers, manufacturers, marketers, policy makers, and service providers engaged in global plastic cards products.
Global Plastic Cards Market:
The global plastic cards market is poised to grow with a CAGR of 8.2% over 2020-2026. Growth in the usage of mobile phones, rapidly increasing global population along with rising spending power and per-capita income among individuals, growing e-Commerce platforms and services, rapid adoption of cashless payment options, growing debit card sector and various government initiatives promoting e-payments are some key factors fueling the market growth. However, factors such as lack of standardization, consumer awareness and competitive pricing from local players are restricting the market growth. In addition, technological advancements provides huge growth opportunity for the market growth.
Contactless Cards Accounts for Larger Market Revenue Share in Global Plastic Cards Market
Contactless Cards accounted for larger revenue share in global plastic cards market with a significant CAGR and is expected to grow over the forecast years. The rising consumer preference towards cashless payments along with the increasing acceptance of devices, with embedded circuits used in the healthcare, retail, BFSI, and hospitality sectors, are likely to certainly impact the industry. Several businesses are implementing contactless payment terminals and are also dependent on traditional contact-based POS card readers. In addition to this, technological explosion has led to the development of pioneering techniques such as contactless and multi-component card facilities.
Asia Pacific Accounts for Larger Market Revenue Share in Global Plastic Cards Market
Asia Pacific accounted for larger revenue share in global plastic cards market with a significant CAGR and is expected to grow over the forecast years. The growth is due to growing usage of cards for financial transactions and rising spending power on luxury consumer goods. Also, increasing number of financial institutions in emerging countries such as India, China, is other factor responsible for the market growth. North America held significant market share during estimated period owing to rising purchasing power among consumers in countries.
Competition Assessment
Key player’s profiles in the global plastic cards market include:
- Gemalto
- Giesecke & Devrient
- CPI Card Group
- American Banknote Corporation
- IDEMIA France
- Inteligensa Group
- Perfect Plastic Printing Corporation
- Goldpac Group
- Marketing Card Technology
- TAG Systems SA
- QARTIS
Global plastic cards market is surging owing to strategic alliances by key players for plastic cards to meet the demands of the customers in the market. For instance,
- In November 2016, Multi Packaging Solutions, a leader in packaging solutions and value-added print for the multi-media, branded consumer and healthcare markets, has acquired two companies, namely, AJS Labels and Featherstone U.K. The acquisition has helped the company to compliment other operations and also, in expanding their product portfolio so as to fulfil the growing demands of the customers
Key Findings of the Report:
- Global plastic cards market expanding at significant CAGR over 2020 to 2026 owing to growing e-Commerce platforms and services
- Based on region, Asia Pacific accounted for larger market revenue share in 2019 and projected gain market revenue share over the forecast period
- Players focusing on innovation of newer products and collaboration strategies to retain market position in global plastic cards market
Detailed Segmentation
By Type
- Contact Cards
- Contactless Cards
By Technology
- Chip Enabled Cards
- Regular Cards
- Smart Cards
By Application
- Payment Cards
- Government/Health
- SIM Cards
- Transportation Cards
- Gift Cards
- Access Cards
- Others
By Geography
North America
- US
- Canada
Europe
- UK
- Germany
- France
- Italy
- Spain
- Russia
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Au & NZ
- Rest of Europe
Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Middle East & Africa
- South Africa
- Turkey
- GCC
- Rest of MEA
Key Features of the Report:
- The report provides granular level information about the market size, regional market share, historic market (2015-2019) and forecast (2020-2026)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments and startup’s details that are actively working in the market
- The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
- The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Location
GEOGRAPHY
