Global Plastic Cards Market, By Type (Contact Cards, Contactless Cards), Technology (Chip Enabled Cards, Regular Cards, Smart Cards), Applications (Gift Cards, Access Cards, Payment Cards, SIM Cards, Transportation Cards, Government/Health, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of the Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Plastic Cards Market
The plastic cards market is expected to witness market growth at a rate of 8.2% in the forecast period of 2021 to 2028. Data Bridge Market Research report on the plastic cards market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the population globally is escalating the growth of the plastic cards market.
Plastic Cards refer to the type of cards that are utilized in numerous sectors such as government, banking, transportation, financial services, and insurance (BFSI), and healthcare for authentication and identification. These assist in offering individuals with authorized access to secured premises of an organization to ensure data security and confidentiality.
The increase in the use of plastic cards in banks and SIM cards among the population across the globe acts as one of the major factors driving the growth of the plastic card market. The rise in the acceptance of cashless payment options among consumers and the high adoption of modern banking operations, commercial transactions, and other payments worldwide accelerate the market growth. The increase in the penetration of smart phones making much more accessible to users through technological applications and surge in government initiatives to promote digitization further influence the market. Additionally, expansion of the banking sector, increase in secure & reliable payment transactions across various industries, and growing focus on e-payments positively affect the plastic cards market. Furthermore, advancements in the smart cards extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, competitive pricing from local players is expected to obstruct market growth. Lack of standardization and consumer awareness is projected to challenge the plastic cards market in the forecast period of 2021-2028.
This plastic cards market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on plastic cards market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Plastic Cards Market Scope and Market Size
The plastic cards market is segmented on the basis of type, technology, and application. The growth amongst the different segments helps you attain the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of type, the plastic cards market is segmented into contact cards and contactless cards.
- On the basis of technology, the plastic cards market is segmented into chip-enabled cards, regular cards, and smart cards.
- On the basis of application, the plastic cards market is segmented into gift cards, access cards, payment cards, SIM cards, transportation cards, government/health, and others.
Global Plastic Cards Market Country Level Analysis
The plastic cards market is analyzed, and market size, volume information is provided by country, type, technology, and application as referenced above.
The countries covered in the global plastic cards market report are the U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of the Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific is expected to witness high growth during the forecast period of 2021 to 2028 because of the economic growth in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Plastic Cards Market Share Analysis
The plastic cards market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to plastic cards market.
The major players covered in the plastic cards market reports are Thales Group, ABcorp, IDEMIA, Perfect Plastic Printing, CPI Card Group Inc., Giesecke+Devrient GmbH, QARTIS S.A, INTELIGENSA, Marketing Card Technology, LLC, dz card (International) Ltd, tag systems, Tactilis ltd, CardLogix Corporation, Watchdata, TOPPAN PRINTING CO., LTD., Goldpac, Hengbao Co Ltd, Eastcompeace Technology Co., Ltd., Wuhan Tianyu, and Datang Telecom Group, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America separately. DBMR analysts understand.
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