Microprinting Market Size

Microprinting Market Size

Microprinting Market size valued at USD 550 million in 2018 and will grow at a CAGR of around 6% between 2019 and 2025. Introduction of stringent standards and regulations in the banking & finance, government and healthcare industries will drive the market growth.

Several government administrations are introducing legislations and regulations for controlling the misuse and preventing the occurrence of fraudulent activities. The technique is being used to print small text, numbers and symbols on stamps, currencies, and other security paper. The printed artwork is invisible with the naked eye but visible under magnification. High adoption of the technology in to avoid counterfeiting has led companies to develop innovative products.

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Implementation of the microprinting technology is increasing rapidly for product security and traceability. For instance, players operating in the packaging industry are focusing on implementing the technique to prevent counterfeiting of products and improving brand image. In the European Union, under the Tobacco Products Directive 2014/40/EU (TPD), articles 15 & 16 provide features such as security and traceability for tobacco products to help address the problem of illicit trade. Under the directive, all units of tobacco packets in the European market are required to carry a tamper-proof security feature that is made of invisible and visible inks, enabling consumers and authorities to verify the product authenticity.