Global Plastic Cards Market Forecast, Growth, Size, Share 2022-2027
The Global Plastic Cards Market is predicted to expand with a steady rate of growth throughout the forecast time. The plastic card market has been driven by the rising use of plastic cards at banks as well as SIM cards, as well as the high popularity of the cashless methods. A growing development in the use of gift cards will also boost the market's growth in the coming years. The population of the world is increasing at an alarming rate, along with a rise in consumption power and per capita incomes of people, which is positively impacting the market's growth until 2027. Here, we will discuss the Global Plastic Cards Market Forecast, Growth, Size, and Share 2022-2027.
The Global Plastic Cards Market is divided into segments according to the type, technology, application as well as company and location. Based on the technology the market has been classified into chip-enabled cards, regular cards, smart cards, and regular cards.
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The chip-enabled cards segment was the dominant segment up to 2021 and is predicted to remain dominant over the next five years due to the fact that it lowers the risk of losing money due to fraud. Based on the region it is the APAC region dominated the overall market for plastic cards and is expected to be the leading market over the forecast time as well. This is mostly due to the increasing number of financial institutions located in emerging nations such as India, China, and others countries. Additionally, the increase in the use of cards to make financial transactions is anticipated to boost the demand for plastic cards across the globe.
The main players in the Global Plastic Cards Market includes Gemalto N.V., CPI Card Group Inc., Giesecke & Devrient GmbH, American Banknote Corporation, IDEMIA France SAS, Perfect Plastic Printing Corporation, Goldpac Group Limited, Intelligence Group, Marketing Card Technology, LLC, TAG Systems SA and other.
The objective of the Study:
- To determine and analyze the size of the Global Plastic Cards Market between 2017 and 2020.
- To forecast and estimate the size of the worldwide plastic card market from 2021 until 2027 and the increase rate to 2027.
- To categorize and forecast the Global Plastic Cards Market based on the type of technology, application, as well as regional distribution.
- To identify the most dominant market segments or regions of the plastic cards market.
- To determine the drivers and obstacles to the global plastic card market.
- Examine the competitive landscape, such as expansions and new product launches mergers, and acquisitions. In the worldwide plastic cards market.
- To analyze the pricing for the Global Plastic Cards Market card.
- To analyze and identify the profiles of major players in the plastic card market.
- To find out the key sustainable strategies used by market players across the world plastic card market.
TechSci Research performed both primary as well as extensive secondary research to support this research. In the beginning, TechSci Research sourced a list of companies across the world. Following that, TechSci Research conducted primary survey research with the selected firms. When interviewing, respondents were also asked questions about their competition. This method, TechSci Research could include the companies that could not be recognized due to being unable to identify them due to secondary research. TechSci Research analyzed the manufacturers and the presence of important players around the world.
TechSci Research calculated the market size of the Global Plastic Cards Market using the bottom-up strategy using which data for different segments of the end-user were recorded and forecasted for the upcoming years. TechSci Research sourced these values from industry experts as well as company representatives, and then externally verified them by analyzing historical data on the various types of products and applications to arrive at an accurate global market size. Diverse secondary sources like news articles on company websites or press releases, annual reports from companies as well as investor presentations along with financial documents were analyzed through TechSci Research.
Key Target Audience for Global Plastic Cards Market
- Manufacturers of plastic cards
- Consulting and market research firms
- Authorities of the government, such as regulatory authorities as well as policymakers
- Alliances, forums, and organizations that are related to plastic cards
The study can be useful in providing solutions to a variety of crucial questions that are vital to the stakeholders in the industry including manufacturers as well as suppliers, partners and customers, and others. In addition, it assists them to plan investments and taking advantage of market opportunities.
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