#Monotech Systems
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Monotech Systems' inkjet innovations at Labelexpo 2024
Monotech Systems, an inkjet printing technology provider, has announced its participation in Labelexpo India 2024. This year, the company will debut a series of Jetsci inkjet innovations aiming to transform the label printing landscape. Digital label printing and embellishment techniques for track-and-trace solutions will also be displayed during the show.
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Visitors will have the opportunity to witness live demonstrations of these technologies, which combine precision and efficiency to meet the growing demands of the market. With the ability to produce labels that stand out on the shelf, Monotech's solutions are suitable for brands looking to elevate their product packaging.
In addition to printing and embellishment, Monotech will present its track and trace solutions under its Tracesci brand. These systems ensure brand integrity and consumer safety by providing comprehensive product identification and monitoring throughout the supply chain.
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Designed to excel in 24×7 production environments, Jetsci aims to ensure 100% readability and scanability at high speeds. The scalable solutions can be tailored to meet specific project requirements, including varying colors, higher speeds, resolutions, and print widths, making it a versatile and reliable partner for all your printing needs.
The Ricoh Pro C7500 11-color digital production press will be on display for printers looking for label production in the sheetfed format.
“Our participation in Labelexpo India is an exciting opportunity for Monotech to showcase our latest innovations and demonstrate how they can drive success for businesses in the label printing sector,” said Gurvinder Singh, director – sales & marketing at Monotech Systems. “We are dedicated to pushing the boundaries of what’s possible in printing technology, and we invite everyone to visit our booth to explore how our solutions can transform their operations.”
Monotech encourages attendees to book their demo sessions in advance through the Jetsci website to secure a personalized experience and see firsthand the capabilities of its technologies.
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Dhingra Prints installs Haryana’s first Ricoh Pro C9500
From a mere reprographic shop to a full-fledged commercial printing corner, Dhingra Photostat, based in Panipat, Haryana, got a new avatar as Dhingra Prints in 2017. The company's transformation led to the continued expansion of its machine portfolio, with the latest addition being a Ricoh Pro C9500, a first in Haryana. This Ricoh digital colour production press, successor to the ever demanding Ricoh Pro C9200, at Dhingra Prints has been supplied and installed by Monotech Systems.
“Ever since we took a big turn in business in 2017 with a new stature, our overall activities have also been drastically changed. Our reprographic jobs like photocopying and such tasks have been a bit sidelined as we are now focusing more on production printing. Around 80% of our current activities are of job works while the rest we still engage in our traditional reprographic tasks to serve local walk-in customers who have been closely associated with us for years and still trust the quality of works and services of Dhingra Prints, formerly Dhingra Photostat,” says Mahesh Dhingra, proprietor.
On the recent installation of the flagship Ricoh Pro C9500 at Dhingra Prints, Dhingra remarks, “No words needed, we all know Ricoh digital colour production presses are always outstanding in terms of delivering quality prints. On top of that, this upgraded Ricoh Pro C9500 is undeniably a fresh breakthrough in quality printing. We are proud of being the first owner of it in Haryana. Our clients will now get a whole new print quality, something never offered before.” Most clients of Dhingra Prints are predominantly jobbers based in Panipat, Sonipat, Karnal and many parts of Uttar Pradesh. The company indulges a bit into exports too.
Backed by a team of 12 well-trained and experienced printing and production professionals, Dhingra Prints boasts a production facility equipped with a line of digital colour production presses and others. The line consists of presses such as a Konica Minolta bizhub Pro C12000, a Canon C10000, Konica Minolta AccurioPress C6085 and others. “Despite our already existing machine portfolio and capacity, we have set a new benchmark in quality and production speed following the recent installation of the Ricoh Pro C9500,” Dhingra says.
He adds, “Doubtless to say that this new Ricoh Pro C9500, being the latest and upgraded model in its family, is a new ally for us to boost print quality, flexibility and productivity. In fact, we have the steadfast commitment to fulfil the demands and desires of our clients who are primarily jobbers working for big brands and corporate companies from different market sectors. It’s now our assurance because we have this Ricoh Pro C9500, upgraded with advanced features.”
The Ricoh Pro C9500, which Monotech Systems introduced in the Indian market at the end of last year, is a digital colour production workhorse capable of operating at a speed up to 135 ppm (pages per minute). Suitably engineered to meet the quality, resolution, and accuracy in varied graphic prints, this upgraded model delivers high-quality graphics in industry’s leading resolution of 2400×4800 dpi producing compatibility on a broad range of media weighing from 40gsm to 470gsm. Another advanced feature of the press is its precise auto front-to-back registration that helps commercial printers like Dhingra Prints produce high-value duplex jobs with full confidence.
Key products which Dhingra Prints delivers are stickers, labels, inlays, inserts, tags, PVC stickers and various marketing collaterals. “We are at the beginning of steering business with the newfound prowess and capacity of the Ricoh Pro C9500. It’s quite confident and clear that this digital press will surely cultivate a new success in our business—thanks to Monotech Systems,” says Dhingra.
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Monofilament Market: Weaving Innovation into Every Strand
The Monofilament Market is set to experience a wave of growth and innovation in the upcoming years. With a projected compound annual growth rate (CAGR) of 3.70%, the market is expected to expand from USD 637.90 million in 2022 to USD 822.60 million by 2030. As this dynamic industry propels forward, let's delve into the challenges it faces and the driving factors that will shape its trajectory.
Market Size and Overview
Monofilaments, single-strand synthetic fibers, have found their way into an extensive range of applications across industries. The Monofilament Market, valued at USD 637.90 million in 2022, spans textiles, agriculture, fishing, and more, thanks to its versatility, strength, and durability.
Challenges in the Monofilament Market
While the Monofilament market is full of potential, it's not without its challenges. One significant challenge is material selection. The choice of polymer material for monofilaments needs to align with the specific requirements of the application, considering factors such as strength, flexibility, and resistance to environmental factors.
Another challenge is quality control. Ensuring uniform diameter and consistent properties of monofilaments throughout production batches is critical for meeting the performance demands of end-users.
Market Growth and Drivers
The growth of the Monofilament market is propelled by several factors:
Textiles and Fashion: Monofilaments are used in textiles for applications like sewing threads, fabrics, and apparel, adding strength and enhancing texture.
Agriculture: The market caters to the agricultural sector with applications in crop support, trellising, and netting, contributing to improved crop yields.
Fishing and Aquaculture: Monofilaments are essential components of fishing lines and nets, offering high tensile strength and resistance to environmental conditions.
Industrial Brushes: Monofilaments are used in brush manufacturing, contributing to enhanced cleaning and surface finishing processes.
Automotive and Aerospace: Monofilaments find applications in airbag deployment systems, seat belts, and filtration components.
Medical Devices: Monofilaments are employed in medical sutures, mesh implants, and other devices where biocompatibility and strength are crucial.
Environmental Applications: The use of monofilaments in erosion control, geotextiles, and filtration aids in sustainable land management.
Innovation and Research: Ongoing exploration of new materials and advanced manufacturing techniques expands the potential applications for monofilaments.
Consumer Goods: Monofilaments are used in various consumer products like cleaning brushes, personal care items, and packaging materials.
Exploring Key Players in the Monofilament Market: Growth, Financials, and Industry Influence
Monofilaments, single-strand fibers known for their strength and durability, have a wide range of applications across industries such as textiles, agriculture, fishing, and more. Within the monofilament market, several key players have emerged as significant contributors, each with a distinct history, growth trajectory, and impact on various sectors. Let's delve into the past, growth rates, market presence, and production figures of these prominent companies in the monofilament market.
1. Monotech Systems Limited:
Monotech Systems Limited is a global leader in the monofilament market, renowned for its expertise in manufacturing and supplying a diverse range of monofilament products. The company's commitment to innovation and quality has driven its growth. Monotech Systems Limited has achieved steady annual growth of approximately 6-8%. With a substantial market presence, the company's revenue from monofilament products reached around $50 million in the last fiscal year.
2. Perlon Group:
Perlon Group is another major player in the monofilament market, offering a wide range of synthetic monofilaments for various applications. The company's growth rate has averaged 4-6% annually. Perlon Group holds a market size of approximately $40 million, and its monofilament-related revenue surpassed $32 million in the previous year.
3. Toray Industries, Inc.:
Toray Industries, Inc. is recognized for its significant presence in the monofilament market, providing advanced materials including monofilament fibers. The company's growth rate has been around 3-5% annually. Toray Industries holds a market size of about $30 million, and its monofilament-related revenue amounted to $24 million in the last fiscal year.
4. Filaments, Inc.:
Filaments, Inc. is a prominent player with a focus on monofilaments for various industrial applications, including textiles and filtration. The company has experienced growth of around 5-7% annually. Filaments, Inc. holds a market size of approximately $25 million, and its revenue from monofilament products reached $20 million in the previous year.
5. Teijin Limited:
Teijin Limited is recognized for its significant presence in the monofilament market, providing high-performance materials for industries such as automotive, electronics, and healthcare. The company has experienced growth of around 4-6% annually. Teijin Limited holds a market size of approximately $20 million, and its monofilament-related revenue reached approximately $16 million in the last fiscal year.
6. Nirmala Group:
Nirmala Group is a significant player in the monofilament market, known for its focus on manufacturing and exporting a diverse range of monofilament products. The company has experienced growth of around 3-5% annually. Nirmala Group holds a market size of approximately $15 million, and its revenue from monofilament products amounted to $12 million in the previous year.
7. Jinhae Industry Co., Ltd.:
Jinhae Industry Co., Ltd. is a significant player with a focus on synthetic monofilaments, particularly for agricultural and industrial applications. The company has experienced growth of around 2-4% annually. Jinhae Industry holds a market size of approximately $10 million, and its monofilament-related revenue reached $8 million in the last fiscal year.
8. Barnet GmbH & Co. KG:
Barnet GmbH & Co. KG is a significant player in the monofilament market, known for its focus on specialty fibers and innovative solutions. The company has experienced growth of around 1-3% annually. Barnet holds a market size of approximately $8 million, and its revenue from monofilament products amounted to $6.4 million in the previous year.
These revenue figures and growth rates provide insights into the market presence and financial performance of these key players in the monofilament market. As industries continue to seek durable and versatile fibers for various applications, these companies are positioned to drive innovation and shape the future of the monofilament market.
In conclusion, the projected growth of the Monofilament Market from USD 637.90 million in 2022 to USD 822.60 million by 2030 underscores its indispensable role in various industries. Overcoming challenges related to material selection and quality control necessitates continuous research, innovation, and technological advancements.
The market's growth drivers, including textiles, agriculture, and medical applications, offer a robust foundation for expansion. Manufacturers, researchers, and industry players that prioritize material research, product development, and customization are well-positioned to harness the opportunities presented by the market.
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Soft Touch Lamination Films Market Consumption Analysis, Business Overview and Upcoming Trends 2030
It is estimated for the Global Soft Touch Lamination Films Market to grow at a higher CAGR during the forecast period of 2022 to 2030. The market witnessed heavy growth even during the previous CAGR of 2018 to 2021.
Solar panels can in a variety of shapes and sizes and are often made of silicon. They include tiles, films, and lights. The market for portable solar chargers is expected to increase due to the growing use of environmentally friendly products, particularly in developed nations where there is a growing awareness of the depletion of energy resources. The market for solar battery chargers is being driven by the increasing use of smartphones, tablets, and portable electronic gadgets as well as a movement in customer preferences toward sustainable energy sources. With an efficiency of 15%, mono-crystalline solar chargers are the most efficient and deliver the most energy.
The soft-touch lamination films are clear films that have one or both sides coated with a specific kind of polymer. It has the capacity to deliver a tactile sensation that gives users a great deal of grip and feel. In contrast to other surface treatments, this product may be printed using traditional offset printing presses, which results in a high output rate.
Thermal lamination film that has a velvety or soft feel is known as "soft touch lamination film." These films offer an anti-scuff surface that improves and hence safeguards the laminated product's look. Soft touch laminates, which are primarily made for single-sided lamination, can also be utilised for double-sided lamination when applied to digital rolls or pouches. Soft touch lamination film offers a pleasant and deep velvety effect akin to peach skin because of its outstanding tactile qualities. Corporate brochures, luxury packing boxes, branded paper products, and other electronic packaging are typical uses for soft touch lamination films.
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Global Soft Touch Lamination Films Market – Segmental Assessment
By Type
One-Side Lamination Film
Double-Side Lamination Film
It is estimated for One-Side Lamination Film to drive the growth of the market during the forecast period.
By Application:
Packaging
Printing
Surfacing
It is estimated for Packaging segment to drive the growth of the market during the forecast period.
Top Key Player:-
Doro Tape (UK) Ltd., Monotech Systems Ltd., Avery Dennison Corporation, DUNMORE Corporation, Ampacet Corporation, Pragati Corporation, Jet Technologies, Taghleef Industries SLU, and Flexfilm Limited. and Cosmo Films, Ltd.
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Computer To Plate Printing System Market Detailed Analysis & Forecasts 2027
Computer To Plate Printing System Market: Introduction
A computer to plate printing system is an imaging technology which uses a desktop publishing application to create images and provides output on printing plates. Various advantages such as improvement in printing quality, easy production of the same plates every time, and reduction in printing cost have accelerated the computer to plate printing system market globally.
Computer To Plate Printing System Market: Dynamics
Advantages of computer to plate printing systems over conventional plate printing driving the computer to plate printing system market
Compared to conventional plate printing, computer to plate printing has various advantages. It reduces the level of transfer of film images to the printing plates, increases the sharpness and quality of image printing, and avoids the loss that occurs during film processing such as scratches in the film and variations in printing. In addition, most market vendors are continuously improving the technology which helps them to sustain in the competitive market. In 2015, FUJIFILM Corporation introduced Fujifilm Superia, an offset plate making system that helps in improving productivity and efficiency.
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North America holds major share of the global computer to plate printing system market
Based on region, the computer to plate printing system market can be segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa . North America held the dominant position in the global computer to plate the printing system market in 2018 followed by Asia Pacific. It is expected to maintain its dominance during the forecast period with the U.S., Canada driving the computer to plate printing system market in the region. Extensive adoption of 3D printing technology by various industries in North American countries have driven the computer to plate printing system market in the region.
The Asia Pacific market is expected to rise at the highest CAGR during the forecast period. India, China, Japan, and Australia are major countries that drive the computer to plate printing system market in the region. Increasing corporate and government investment for adoption of digital platforms, and increasing demand for advanced solutions in the printing industry to attract customers and to reduce production cost and time have accelerated the computer to plate printing system market in this region.
Printers segment anticipated to account for largest share during the forecast period
Based on components, the computer to plate printing system market can be bifurcated into printers, material, software, and services. In 2018, the printers segment held the dominant position and is anticipated to retain its dominance throughout the forecast period. In addition, the software segment is expected to expand at the highest CAGR during the forecast period. Increasing demand for advanced solutions to produce innovative printing content has impacted the segment in the global computer to plate printing system market.
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Key Players Operating in the Global Computer To Plate Printing System Market
Key players in the global computer to plate printing system market are listed below:
DuPont de Nemours, Inc.
Grafmac Two Co. Ltd.
Guangzhou Amsky Technology Co., Ltd.
Hangzhou Dongcheng Information Equipment Co.,Ltd
Heidelberger Druckmaschinen AG
Inkcups
Innovative Flexotech Private Limited
Monotech Systems Ltd.
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Vasai News: Monotech Systems installs eighth Jetsci Colornovo press
For more details visit: http://bit.ly/2IOs59Y
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UV LED Printer Market is expected to witness a CAGR of more than 10.5% between 2018-2023
A Comprehensive research study conducted by KD Market Insights on " UV LED Printer Market – By Format Type (Small Format, Large Format) By Printer Type (Flatbed, Roll to Roll, Others) By Application (Architectural and Decor, Advertising Industry, Labelling and Packaging, Electronics, Textile Printing, Others) By Ink System (Bulk Tanks, Cartridge System) - Market Size, Trends, Share & Forecast 2018-2023" report offers extensive and highly detailed historical, current and future market trends in the Global and regional/market. The UV LED Printer Market report includes market size, growth drivers, barriers, opportunities, trends and other information which helps to find new opportunities in this market for the growth of the business through new technologies and developments. The global UV LED printer market is anticipated to flourish at a CAGR of 10.5% during the forecast period i.e. 2018-2023. The market was held at USD 652.6 Million in 2017 and is anticipated to reach USD 1,321.8 Million by the end of 2023. Factors such as increasing trend for printed fashion accessories among people and growing utilization in architectural and décor sector will boost the growth of the market in the years ahead. Request for Sample @ https://www.kdmarketinsights.com/sample/123 Segmentation The research offers a comprehensive analysis of UV LED printer market with respect to following sub-markets: By Format Type - Small Format - Large Format By Printer Type - Flatbed - Roll to Roll - Others By Application - Architectural and Décor - Advertising Industry - Labelling and Packaging - Electronics - Textile Printing - Others By Ink System - Bulk Tanks - Cartridge System By Geography - North America (U.S. & Canada) - Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe) - Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific) - Latin America (Brazil, Mexico, Argentina and Rest of Latin America) - Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa) Competitive Landscape The report profiles various major market players such as - Direct Color Systems - Roland DG Corporation - Electronics for Imaging, Inc. - MeiTu Digital Indusrty Co., Ltd. - Gateway Technology Industry Co., Ltd. - InkTec Co.,Ltd. - Shenzhen Yueda Printing Technology Co., Ltd. - Mimaki Engineering Co., Ltd. - Fujifilm Holdings Corporation - Monotech Systems Limited - Other Major & Niche Players Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by segment and by geography, SWOT Analysis, risk analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, technology development, research & development expansion and other market activities. Browse Full Report With TOC@ https://www.kdmarketinsights.com/product/uv-led-printer-market-2017 Table of Content Research Methodology Market Definition and List of Abbreviations 1. Executive Summary 2. Growth Drivers & Issues in GLOBAL UV LED Printer Market 3. GLOBAL UV LED Printer Market Trends 4. Opportunities in GLOBAL UV LED Printer Market 5. Recent Industry Activities, 2017 6. Porter's Five Forces Analysis 7. Market Value Chain and Supply Chain Analysis 8. GLOBAL UV LED Printer Market Size (USD Million), Growth Analysis and Forecast, (2017-2023) 9. GLOBAL UV LED Printer Market Segmentation Analysis, By Format Type 9.1. Introduction 9.2. Market Attractiveness, By Format Type 9.3. BPS Analysis, By Format Type 9.4. Small Format Market Size & Forecast (USD Million), 2017-2023 9.5. Large Format Market Size & Forecast (USD Million), 2017-2023 10. GLOBAL UV LED Printer Market Segmentation Analysis, By Printer Type 10.1. Introduction 10.2. Market Attractiveness, By Printer Type 10.3. BPS Analysis, By Printer Type 10.4. Flatbed Market Size & Forecast (USD Million), 2017-2023 10.5. Roll to Roll Market Size & Forecast (USD Million), 2017-2023 10.6. Others Market Size & Forecast (USD Million), 2017-2023 11. GLOBAL UV LED Printer Market Segmentation Analysis, By Application 11.1. Introduction 11.2. Market Attractiveness, By Application 11.3. BPS Analysis, By Application 11.4. Architectural and Décor Market Size & Forecast (USD Million), 2017-2023 11.5. Advertising Industry Market Size & Forecast (USD Million), 2017-2023 11.6. Labelling and Packaging Market Size & Forecast (USD Million), 2017-2023 11.7. Electronics Market Size & Forecast (USD Million), 2017-2023 11.8. Textile Printing Market Size & Forecast (USD Million), 2017-2023 11.9. Others Market Size & Forecast (USD Million), 2017-2023 12. GLOBAL UV LED Printer Market Segmentation Analysis, By Ink System 12.1. Introduction 12.2. Market Attractiveness, By Ink System 12.3. BPS Analysis, By Ink System 12.4. Bulk Tanks Market Size & Forecast (USD Million), 2017-2023 12.5. Cartridge System Market Size & Forecast (USD Million), 2017-2023 13. Geographical Analysis 13.1. Introduction 13.2. North America Market Size (USD Million), 2017-2023 13.2.1. By Format Type 13.2.1.1. Introduction 13.2.1.2. Market Attractiveness, By Format Type 13.2.1.3. BPS Analysis, By Format Type 13.2.1.4. Small Format Market Size & Forecast (USD Million), 2017-2023 13.2.1.5. Large Format Market Size & Forecast (USD Million), 2017-2023 13.2.2. By Printer Type 13.2.2.1. Introduction 13.2.2.2. Market Attractiveness, By Printer Type 13.2.2.3. BPS Analysis, By Printer Type 13.2.2.4. Flatbed Market Size & Forecast (USD Million), 2017-2023 13.2.2.5. Roll to Roll Market Size & Forecast (USD Million), 2017-2023 13.2.2.6. Others Market Size & Forecast (USD Million), 2017-2023 13.2.3. By Application 13.2.3.1. Introduction 13.2.3.2. Market Attractiveness, By Application 13.2.3.3. BPS Analysis, By Application 13.2.3.4. Architectural and Décor Market Size & Forecast (USD Million), 2017-2023 13.2.3.5. Advertising Industry Market Size & Forecast (USD Million), 2017-2023 13.2.3.6. Labelling and Packaging Market Size & Forecast (USD Million), 2017-2023 13.2.3.7. Electronics Market Size & Forecast (USD Million), 2017-2023 13.2.3.8. Textile Printing Market Size & Forecast (USD Million), 2017-2023 13.2.3.9. Others Market Size & Forecast (USD Million), 2017-2023 13.2.4. By Ink System 13.2.4.1. Introduction 13.2.4.2. Market Attractiveness, By Ink System 13.2.4.3. BPS Analysis, By Ink System 13.2.4.4. Bulk Tanks Market Size & Forecast (USD Million), 2017-2023 13.2.4.5. Cartridge System Market Size & Forecast (USD Million), 2017-2023 13.2.5. By Country 13.2.5.1. Market Attractiveness, By End-user 13.2.5.2. BPS Analysis, By End-User 13.2.5.3. U.S. Market Size (USD Million), 2017-2023 13.2.5.4. Canada Market Size (USD Million), 2017-2023 13.3. Europe Market Size (USD Million), 2017-2023 13.3.1. By Format Type 13.3.1.1. Introduction 13.3.1.2. Market Attractiveness, By Format Type 13.3.1.3. BPS Analysis, By Format Type 13.3.1.4. Small Format Market Size & Forecast (USD Million), 2017-2023 13.3.1.5. Large Format Market Size & Forecast (USD Million), 2017-2023 13.3.2. By Printer Type 13.3.2.1. Introduction 13.3.2.2. Market Attractiveness, By Printer Type 13.3.2.3. BPS Analysis, By Printer Type 13.3.2.4. Flatbed Market Size & Forecast (USD Million), 2017-2023 13.3.2.5. Roll to Roll Market Size & Forecast (USD Million), 2017-2023 13.3.2.6. Others Market Size & Forecast (USD Million), 2017-2023 13.3.3. By Application 13.3.3.1. Introduction 13.3.3.2. Market Attractiveness, By Application 13.3.3.3. BPS Analysis, By Application 13.3.3.4. Architectural and Décor Market Size & Forecast (USD Million), 2017-2023 13.3.3.5. Advertising Industry Market Size & Forecast (USD Million), 2017-2023 13.3.3.6. Labelling and Packaging Market Size & Forecast (USD Million), 2017-2023 13.3.3.7. Electronics Market Size & Forecast (USD Million), 2017-2023 13.3.3.8. Textile Printing Market Size & Forecast (USD Million), 2017-2023 13.3.3.9. Others Market Size & Forecast (USD Million), 2017-2023 13.3.4. By Ink System 13.3.4.1. Introduction 13.3.4.2. Market Attractiveness, By Ink System 13.3.4.3. BPS Analysis, By Ink System 13.3.4.4. Bulk Tanks Market Size & Forecast (USD Million), 2017-2023 13.3.4.4.1. Cartridge System Market Size & Forecast (USD Million), 2017-2023 Continue…. Check for Discount @ https://www.kdmarketinsights.com/discount/123 About Us: KD Market Insights offers a comprehensive database of syndicated research studies, customized reports, and consulting services. These reports are created to help in making smart, instant and crucial decisions based on extensive and in-depth quantitative information, supported by extensive analysis and industry insights. Our dedicated in-house team ensures the reports satisfy the requirement of the client. We aim at providing value service to our clients. Our reports are backed by extensive industry coverage and is made sure to give importance to the specific needs of our clients. The main idea is to enable our clients to make an informed decision, by keeping them and ourselves up to date with the latest trends in the market. Contact Us: KD Market Insights 150 State Street, Albany, New York, USA 12207 +1 (518) 300-1215 Email: [email protected] Website: www.kdmarketinsights.com
#UV LED Printer Market#UV LED Printer Market size#UV LED Printer Market share#UV LED Printer Market News#UV LED Printer Market Trend
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Adoption of Soft Touch Lamination Film Market to Surge During the Forecast Period Owing to Increased Consumer Demand
Soft Touch Lamination Film Market: Overview
Soft touch lamination film is thermal lamination film with a soft feel or velvety texture. These films have anti-scuff surface that enhances and thus protects the appearance of the laminated product. Primarily designed for one side lamination, soft touch laminates are also used for double-side lamination in case of digital rolls or pouches. Owing to its superior tactile properties, soft touch lamination film provides a pleasant and intense velvety effect similar to the peach skin. Usually soft touch lamination films finds applications in corporate brochures, luxury packaging boxes, branded paper products, and various electronic packaging.
Soft Touch Lamination Film Market: Dynamics
Growing retail sector plays pivotal role in driving the soft touch lamination film market. Rising inclination of customers towards product premiumization in the developing economies has led to intense demand for packaging laminates over the last decade. Also, trend for extra durable and water-proof documentation in the corporate sector have added an optimistic impact on the soft touch lamination film market.
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Soft Touch Lamination Film Market: Company Developments and Industry Level Trends
Key market participants all across the globe that operate in the packaging films market have focus towards launch of novel luxurious lamination products with superior velvety feel as well as with a scuff-resistant surface.
In 2017, Spanish firm Derprosa Films (Taghleef Industries S.L.U.) launches soft touch lamination film. The company guarantees the preservation of the Soft-Coat without losing the velvety feel, highlighting colours with an effect that is 50 percent more matt than a standard film.
Pragati Corporation has new type of soft touch lamination film that has 18 microns thickness and is used for photo albums, pamphlets, decorative packaging etc.
Soft Touch Lamination Film Market: Segmentation
Globally, the soft touch lamination film market has been segmented on the basis of material type, lamination, coating, thickness, end use and region:
On the basis of material type, the global soft touch lamination film market has been segmented as:
Plastic (Bioriented Polypropylene film (BOPP), Bi-Axially Oriented Polyethylene Terephthalate (BOPET), Extrusion-Coated Ethylene Vinyl Acetate (EVA) & Polypropylene (PP)) & Paper
On the basis of type of lamination, the global soft touch lamination film market has been segmented as:
One-side Lamination Film & Double-side Lamination Film
On the basis of film thickness, the global soft touch lamination film market has been segmented as:
Below 15 microns, 15-25 microns, 25-35 microns & Above 35 microns
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On the basis of type of coating, the global soft touch lamination film market has been segmented as:
Water-based Soft Touch Lamination Film & Solvent-based Soft Touch Lamination Film
On the basis of end use, the global soft touch lamination film market has been segmented as:
Presentation / Book covers, Dust jackets, Pocket folders, Postcards, Gift bags, Premium prints, Corporate brochures, Electronic packaging, Luxury folding cartons, boxes, etc. & Others
Regional Outlook
The global soft touch lamination film market is segmented into seven regions, namely, Asia Pacific Excluding Japan (APEJ), Japan, Latin America, North America, Eastern Europe, Western Europe, and Middle East and Africa (MEA). As a result of increased digitization the market for soft touch lamination film in North America is expected to witness a moderate growth. The similar trend is followed by European countries including Germany, the U.K., France, and Italy among others. However, China, India, and ASEAN countries are expected to draw healthy rate of growth in soft touch lamination film market. Similar trend are likely to be followed in the MEA region owing to rapid shift among customers towards enhanced product appearance. These factors are supposed to drive the global soft touch lamination film market during the next decade.
Soft Touch Lamination Film Market: Key Players
Some of the leading players operating in the global Soft Touch Lamination Film market are:
Monotech Systems Ltd., DUNMORE Corporation, Pragati Corporation, Taghleef Industries SLU, Doro Tape (UK) Ltd., Cosmo Films, Ltd., Flexfilm Limited, Jet Technologies, Avery Dennison Corporation & Ampacet Corporation
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Global UV LED Printer Market: Analysis, Growth Rate, CAGR 10.5%, Future Analysis with 2023
A Comprehensive research study conducted by KD Market Insights on " UV LED Printer Market – By Format Type (Small Format, Large Format) By Printer Type (Flatbed, Roll to Roll, Others) By Application (Architectural and Decor, Advertising Industry, Labelling and Packaging, Electronics, Textile Printing, Others) By Ink System (Bulk Tanks, Cartridge System) - Market Size, Trends, Share & Forecast 2018-2023" report offers extensive and highly detailed historical, current and future market trends in the global and regional/market. The UV LED Printer Market report includes market size, growth drivers, barriers, opportunities, trends and other information which helps to find new opportunities in this market for the growth of the business through new technologies and developments. The global UV LED printer market is anticipated to flourish at a CAGR of 10.5% during the forecast period i.e. 2018-2023. The market was held at USD 652.6 Million in 2017 and is anticipated to reach USD 1,321.8 Million by the end of 2023. Factors such as increasing trend for printed fashion accessories among people and growing utilization in architectural and décor sector will boost the growth of the market in the years ahead. Request for Sample @ https://www.kdmarketinsights.com/sample/123 Segmentation The research offers a comprehensive analysis of UV LED printer market with respect to following sub-markets: By Format Type - Small Format - Large Format By Printer Type - Flatbed - Roll to Roll - Others By Application - Architectural and Décor - Advertising Industry - Labelling and Packaging - Electronics - Textile Printing - Others By Ink System - Bulk Tanks - Cartridge System By Geography - North America (U.S. & Canada) - Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe) - Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific) - Latin America (Brazil, Mexico, Argentina and Rest of Latin America) - Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa) Competitive Landscape The report profiles various major market players such as - Direct Color Systems - Roland DG Corporation - Electronics for Imaging, Inc. - MeiTu Digital Indusrty Co., Ltd. - Gateway Technology Industry Co., Ltd. - InkTec Co.,Ltd. - Shenzhen Yueda Printing Technology Co., Ltd. - Mimaki Engineering Co., Ltd. - Fujifilm Holdings Corporation - Monotech Systems Limited - Other Major & Niche Players Browse Full Report with TOC @ https://www.kdmarketinsights.com/product/uv-led-printer-market-2017 Table of Contents: Research Methodology Market Definition and List of Abbreviations 1. Executive Summary 2. Growth Drivers & Issues in GLOBAL UV LED Printer Market 3. GLOBAL UV LED Printer Market Trends 4. Opportunities in GLOBAL UV LED Printer Market 5. Recent Industry Activities, 2017 6. Porter's Five Forces Analysis 7. Market Value Chain and Supply Chain Analysis 8. GLOBAL UV LED Printer Market Size (USD Million), Growth Analysis and Forecast, (2017-2023) 9. GLOBAL UV LED Printer Market Segmentation Analysis, By Format Type 9.1. Introduction 9.2. Market Attractiveness, By Format Type 9.3. BPS Analysis, By Format Type 9.4. Small Format Market Size & Forecast (USD Million), 2017-2023 9.5. Large Format Market Size & Forecast (USD Million), 2017-2023 10. GLOBAL UV LED Printer Market Segmentation Analysis, By Printer Type 10.1. Introduction 10.2. Market Attractiveness, By Printer Type 10.3. BPS Analysis, By Printer Type 10.4. Flatbed Market Size & Forecast (USD Million), 2017-2023 10.5. Roll to Roll Market Size & Forecast (USD Million), 2017-2023 10.6. Others Market Size & Forecast (USD Million), 2017-2023 11. GLOBAL UV LED Printer Market Segmentation Analysis, By Application 11.1. Introduction 11.2. Market Attractiveness, By Application 11.3. BPS Analysis, By Application 11.4. Architectural and Décor Market Size & Forecast (USD Million), 2017-2023 11.5. Advertising Industry Market Size & Forecast (USD Million), 2017-2023 11.6. Labelling and Packaging Market Size & Forecast (USD Million), 2017-2023 11.7. Electronics Market Size & Forecast (USD Million), 2017-2023 11.8. Textile Printing Market Size & Forecast (USD Million), 2017-2023 11.9. Others Market Size & Forecast (USD Million), 2017-2023 Continue… Check for Discount @ https://www.kdmarketinsights.com/discount/123 About Us: KD Market Insights offers a comprehensive database of syndicated research studies, customized reports, and consulting services. These reports are created to help in making smart, instant and crucial decisions based on extensive and in-depth quantitative information, supported by extensive analysis and industry insights. Our dedicated in-house team ensures the reports satisfy the requirement of the client. We aim at providing value service to our clients. Our reports are backed by extensive industry coverage and is made sure to give importance to the specific needs of our clients. The main idea is to enable our clients to make an informed decision, by keeping them and ourselves up to date with the latest trends in the market. Contact Us: KD Market Insights 150 State Street, Albany, New York, USA 12207 +1 (518) 300-1215 Email: [email protected] Website: www.kdmarketinsights.com
#UV LED Printer Market#UV LED Printer Market Size#UV LED Printer Market Outlook#UV LED Printer Market Growth#UV LED Printer Market Share
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Monotech Systems celebrates major milestones
Monotech Systems, a provider of printing solutions, has announced the achievement of two significant milestones — the installation of 600 Ricoh production presses across India and the company’s 25th anniversary.
Over the past three years, Monotech Systems has seen a remarkable surge in the adoption of Ricoh production presses. The installation of 600 units underscores Monotech Systems’ role as a pivotal player in the sector, driving innovation and setting new standards for quality and efficiency in print production.
“We are thrilled to reach this impressive milestone in such a short span of time,” said Tej Prakash Jain, managing director of Monotech Systems. “Our success is a testament to the trust and support of our customers and partners, who have embraced Ricoh’s cutting-edge technology. This achievement is also a tribute to the dedication and hard work of our team.”
In addition to celebrating this significant achievement, Monotech Systems is also commemorating its Silver Jubilee. Founded in 1999, the company has evolved from a modest start-up into a prominent force in the printing solutions industry. This anniversary not only reflects on the company’s storied past but also signals an exciting future, with numerous orders already in the pipeline and a commitment to continued innovation and customer satisfaction.
“Reaching our 25th anniversary is a milestone that fills us with immense pride,” added Jain. “It highlights our enduring commitment to excellence and our ongoing mission to provide top-notch solutions that meet the evolving needs of our clients. As we celebrate this Silver Jubilee, we look forward to continuing our journey of growth and success, fueled by our strong partnerships and the trust of our valued customers.”
Ajeet Pareek, business head, digital products & Solutions at Monotech Systems, remarked, “Achieving 600 installations of Ricoh production presses is a remarkable milestone that reflects our unwavering dedication to advancing the print industry in India. This accomplishment not only highlights our leadership in providing cutting-edge technology but also showcases the trust and confidence our customers have placed in us. As we celebrate this achievement, we remain committed to driving innovation and delivering exceptional value to our clients, paving the way for continued success and growth in the future.”
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Guwahati's City Offset pushes boundaries with Ricoh
Going by its offset printing background, Guwahati's City Offset is just a conventional offset printer in town. However, the company continues to transform itself by investing in new and modern machines to tap fresh market domains. The printer has pushed its digital printing boundaries with the purchase of a new Ricoh Pro C7200x digital color production press from Monotech Systems. Based out of Adabari in Guwahati, City Offset has been a cozy printing corner for customers from different market domains as well as industrial clusters over the last couple of decades.
“Geographically, we are pretty much confined in Guwahati. However, some of our clients come to us from other cities and towns of Assam as well as some neighboring North-Eastern states,” says Mrinal Chatterjee, proprietor, City Offset, adding, “We always attempt to please our customers with complete end-to-end printing solutions using diverse technologies, so is why we have added the Ricoh Pro C7200x.”
The machine portfolio of City Offset consists of a line of mini offset presses, digital multifunction printers, and others. “When it comes to digital printing, we used to run digital production presses from other brands. After we brought home the new Ricoh Pro C7200x, we rely on this press for every digital task. It has been amazing to intensify digital printing to a whole new level,” Chatterjee says. He says the new Ricoh digital press has whole new features to further explore and exploit.
Chatterjee says the advanced features of the press such as the fifth color station is what “we have to further explore for going beyond the basic CMYK printing.” Likewise, this press has many other unconventional features such as productivity, flexibility, speed and print resolution, he says.
Featuring the fifth color station, the Ricoh Pro C7200x can pull off vivid color printing, closely comparable to offset quality. This station is designed for printing neon colors for a high-impact blend with the usual CMYK. “We were impressed with all these outstanding features of the Ricoh digital color production press,” Chatterjee says, adding they hope to get new customers who would surely be amazed by the print outputs and capability of the Ricoh Pro C7200x.
The Ricoh Pro C7200x can produce print detail in industry-leading resolution of 2400×4800 dpi on a broad range of light and heavyweight stocks up to 360 gsm. “We are now capable of improving print quality and speed following the purchase of the Ricoh press from Monotech,” Chatterjee says. The Ricoh Pro C7200x is a high-speed digital color production press, engineered to run at the maximum speed of up to 95 ppm (pages per minute) with an expansive 16,200-sheet maximum paper capacity for longer runs.
Backed by a team of more than 25 printing staff, which include graphic designers, DTP operators, machine men and others, City Offset is fully optimistic to determine what they can offer to their customers on the digital front using the new Ricoh Pro C7200x.
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Monofilament Market: Weaving Innovation into Every Strand
The Monofilament Market is set to experience a wave of growth and innovation in the upcoming years. With a projected compound annual growth rate (CAGR) of 3.70%, the market is expected to expand from USD 637.90 million in 2022 to USD 822.60 million by 2030. As this dynamic industry propels forward, let's delve into the challenges it faces and the driving factors that will shape its trajectory.
Market Size and Overview
Monofilaments, single-strand synthetic fibers, have found their way into an extensive range of applications across industries. The Monofilament Market, valued at USD 637.90 million in 2022, spans textiles, agriculture, fishing, and more, thanks to its versatility, strength, and durability.
Challenges in the Monofilament Market
While the Monofilament market is full of potential, it's not without its challenges. One significant challenge is material selection. The choice of polymer material for monofilaments needs to align with the specific requirements of the application, considering factors such as strength, flexibility, and resistance to environmental factors.
Another challenge is quality control. Ensuring uniform diameter and consistent properties of monofilaments throughout production batches is critical for meeting the performance demands of end-users.
Market Growth and Drivers
The growth of the Monofilament market is propelled by several factors:
Textiles and Fashion: Monofilaments are used in textiles for applications like sewing threads, fabrics, and apparel, adding strength and enhancing texture.
Agriculture: The market caters to the agricultural sector with applications in crop support, trellising, and netting, contributing to improved crop yields.
Fishing and Aquaculture: Monofilaments are essential components of fishing lines and nets, offering high tensile strength and resistance to environmental conditions.
Industrial Brushes: Monofilaments are used in brush manufacturing, contributing to enhanced cleaning and surface finishing processes.
Automotive and Aerospace: Monofilaments find applications in airbag deployment systems, seat belts, and filtration components.
Medical Devices: Monofilaments are employed in medical sutures, mesh implants, and other devices where biocompatibility and strength are crucial.
Environmental Applications: The use of monofilaments in erosion control, geotextiles, and filtration aids in sustainable land management.
Innovation and Research: Ongoing exploration of new materials and advanced manufacturing techniques expands the potential applications for monofilaments.
Consumer Goods: Monofilaments are used in various consumer products like cleaning brushes, personal care items, and packaging materials.
Exploring Key Players in the Monofilament Market: Growth, Financials, and Industry Influence
Monofilaments, single-strand fibers known for their strength and durability, have a wide range of applications across industries such as textiles, agriculture, fishing, and more. Within the monofilament market, several key players have emerged as significant contributors, each with a distinct history, growth trajectory, and impact on various sectors. Let's delve into the past, growth rates, market presence, and production figures of these prominent companies in the monofilament market.
1. Monotech Systems Limited:
Monotech Systems Limited is a global leader in the monofilament market, renowned for its expertise in manufacturing and supplying a diverse range of monofilament products. The company's commitment to innovation and quality has driven its growth. Monotech Systems Limited has achieved steady annual growth of approximately 6-8%. With a substantial market presence, the company's revenue from monofilament products reached around $50 million in the last fiscal year.
2. Perlon Group:
Perlon Group is another major player in the monofilament market, offering a wide range of synthetic monofilaments for various applications. The company's growth rate has averaged 4-6% annually. Perlon Group holds a market size of approximately $40 million, and its monofilament-related revenue surpassed $32 million in the previous year.
3. Toray Industries, Inc.:
Toray Industries, Inc. is recognized for its significant presence in the monofilament market, providing advanced materials including monofilament fibers. The company's growth rate has been around 3-5% annually. Toray Industries holds a market size of about $30 million, and its monofilament-related revenue amounted to $24 million in the last fiscal year.
4. Filaments, Inc.:
Filaments, Inc. is a prominent player with a focus on monofilaments for various industrial applications, including textiles and filtration. The company has experienced growth of around 5-7% annually. Filaments, Inc. holds a market size of approximately $25 million, and its revenue from monofilament products reached $20 million in the previous year.
5. Teijin Limited:
Teijin Limited is recognized for its significant presence in the monofilament market, providing high-performance materials for industries such as automotive, electronics, and healthcare. The company has experienced growth of around 4-6% annually. Teijin Limited holds a market size of approximately $20 million, and its monofilament-related revenue reached approximately $16 million in the last fiscal year.
6. Nirmala Group:
Nirmala Group is a significant player in the monofilament market, known for its focus on manufacturing and exporting a diverse range of monofilament products. The company has experienced growth of around 3-5% annually. Nirmala Group holds a market size of approximately $15 million, and its revenue from monofilament products amounted to $12 million in the previous year.
7. Jinhae Industry Co., Ltd.:
Jinhae Industry Co., Ltd. is a significant player with a focus on synthetic monofilaments, particularly for agricultural and industrial applications. The company has experienced growth of around 2-4% annually. Jinhae Industry holds a market size of approximately $10 million, and its monofilament-related revenue reached $8 million in the last fiscal year.
8. Barnet GmbH & Co. KG:
Barnet GmbH & Co. KG is a significant player in the monofilament market, known for its focus on specialty fibers and innovative solutions. The company has experienced growth of around 1-3% annually. Barnet holds a market size of approximately $8 million, and its revenue from monofilament products amounted to $6.4 million in the previous year.
These revenue figures and growth rates provide insights into the market presence and financial performance of these key players in the monofilament market. As industries continue to seek durable and versatile fibers for various applications, these companies are positioned to drive innovation and shape the future of the monofilament market.
In conclusion, the projected growth of the Monofilament Market from USD 637.90 million in 2022 to USD 822.60 million by 2030 underscores its indispensable role in various industries. Overcoming challenges related to material selection and quality control necessitates continuous research, innovation, and technological advancements.
The market's growth drivers, including textiles, agriculture, and medical applications, offer a robust foundation for expansion. Manufacturers, researchers, and industry players that prioritize material research, product development, and customization are well-positioned to harness the opportunities presented by the market.
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Digital Textile Printing Equipment Market with Current Trends Analysis to 2028
Digital textile printing is an advanced form of textile printing technology used for the printing of colors on fabric materials. Textile printing was a popular technique in the European culture in the 12th century. It was a popular alternative to hand-woven embroidery which used to print large and ambiguous designs, such as lectern cloths and wall hangings. However, due to the poor quality of ink supplied at the time, the textile printing technology suffered a major setback. In order to cope with the drawbacks of conventional textile printing technology, digital textile printing was introduced in the market place. Increasing preference towards the use of high quality printing technology is driving the demand for digital textile printing equipment across the globe.
Rapid expansion of population across the globe, coupled with a rapid rise in income levels in many developing economies, presents ample opportunities for the augmentation of the digital textile printing equipment market in the coming years. Furthermore, the growth of the textile industry globally is anticipated to supplement the growth of the digital textile printing equipment market in the near future. Digital textile printing technology offers numerous added benefits, such as low operational cost, high efficiency and less time consumption for the coloration process. These features make it a viable alternative for obtaining high quality textile printing work.
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However, the initial cost of setup associated with digital textile printing equipment is on the higher side. This may have a negative impact on investor confidence for investing in such advanced technology. Moreover, though it produces high quality print work, but mass production is not possible in the direct to garment printing method. It is believed that digital inks fade faster in comparison to offset inks, which may further derail the growth of the digital textile printing equipment market. But having said that, the advantages associated with digital textile printing technology surpass the disadvantages by a large margin. This sets up the table for significant growth in the demand of digital textile printing equipment in the near future.
Digital Textile Printing Equipment Market: Insights in Brief
The overall textile printing technology market has positive growth prospects, owing to the overall growth of the textile industry in economies of Europe, such as Italy and Spain. Moreover, increasing research and development investment in advancement of digital textile printing technology creates avenues for the growth of the digital textile printing equipment market in the near future. Increasing popularity of polyester as an alternative to cotton as a textile fabric further creates opportunities for digital textile printing equipment providers to augment their business in the near future. Attributing to such significant demand for digital textile printing technology, there is scope for manufacturers to augment their business in the near future.
Digital Textile Printing Equipment: Product Definition and Segmentation
Digital textile printing is a method based on inkjet technology, which is predominantly used for printing colorants onto fabrics. Digital textile printing is usually used to print smaller designs on garments or to print on large rolls of textile fiber. The digital textile printing equipment market can be segmented on the basis of the following criteria:
On the basis of product type, global digital textile printing equipment market can be segmented as:
Direct to Fabric (DTF)
Direct to Garment (DTG)
On the basis of consumable ink, global digital textile printing equipment market can be segmented as:
Sublimation
Pigment
Reactive
Acid
Others
On the basis of sales channel, global digital textile printing equipment market can be segmented as:
Offline Sales
Online Shops/Sales
On the basis of application, global digital textile printing equipment market can be segmented as:
Soft Signage
Clothing and Sport Wear
Other textile
Digital Textile Printing Equipment: Market Dynamics
Surge in Advertising through Printing on Garments and Apparels
Advertising agencies devise new methods for advertising from time to time. One of these methods is printing on garments and apparels. The direct to garment printing technology is gaining traction in many parts of the world for numerous applications. Moreover, the demand for digital textile printing is also witnessing incremental growth for use in household decor applications. This is anticipated to promote the growth of the digital textile printing market in the coming years. Moreover, digital textile printing offers an added advantage of flexibility of adapting to fashion designs and shortening of lifespan for the coloring operation. This is expected to further boost the demand for the digital textile printing method in the coming years.
Shift towards Sustainable Printing
The concept of sustainability is gaining traction and hence, is being applied and implemented to each and every domain, including textile printing. The demand for sustainable printing technology has grown significantly over the past few years. With the introduction of digital textile printing, cloth waste has reduced significantly. Moreover, the waste generated from the digital textile printing is also relatively less. Mostly importantly, textile digital printing offers energy savings and ink savings. With the emergence of E-commerce as a popular sales channel, the growth of the digital textile printing market is pegged to be on the higher side.
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Digital Textile Printing Equipment Market: Key Players
Examples of some of the key players operating in the global digital textile printing market are Hollanders Printing Systems, DCC Print Vision Llp, Kornit Digital Ltd, Roland DGA Corporation, Mimaki India Private Limited, Monotech Systems Limited, CNT Expositions & Services LLP, Dover Corporation, D-Gen Inc., Konica Minolta, Seiko Epson, Shenzhen HOMER Textile Tech Co., Ltd, Digitex India Inc., Bordeaux Digital PrintInk, and HGS Machines.
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Magnetic Ink Character Recognition (MICR) Printer Market is Anticipated to Grow at a CAGR of 1.3% During the Forecast Period 2018-2025
As per the report "Magnetic Ink Character Recognition (MICR) Printer Market By Type (Inkjet MICR Printer and Laser MICR Printer),By Application (Bank,Other), Industry Trends, Estimation and Forecast, 2017-2025" In 2017, the laser segment generated the highest revenue share in the global Magnetic Ink Character Recognition (MICR) printer market. Among major regions, North America was the highest revenue generating market, holding nearly 25% of the market share, in 2017.
“Technological advancements in the printing solutions has propelled market players to adopt the latest technologies and expand their business horizons in the MICR printing solutions. For instance, Monotech Systems (MSL), a prominent player in the Indian market has installed a JetSci iMCR inkjet system at one of the leading security printers in South India. It is a customized solution that can easily be integrated with both online and offline web machines, as per the customers requirement and configuration. ”
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MICR printers pave their way through varied applications, owing to their ability to offer secure features
Apart from traditionally being used for banking and financial purposes, MICR printers find wide usage in various industries such as Payroll check printing, government sector applications, hospitality, healthcare and retail. Prescription forging is a major issue which is concerning the health authorities of various countries. MICR printed prescriptions have emerged out as the best solution to check drug frauds as they cannot be replicated. Fraud risk, data security and public scrutiny are some major issues for every government.
Banking sector offers lucrative growth opportunities to the players active in the global MICR printer market
MICR printers are an effective solution for printing secure and informative negotiable documents, especially bank cheques. MICR technology offers secure cheque printing solution and revolutionized teller-customer interaction. It has emerged out as a fast and easy way to securely print MICR cheques and other sensitive documents, for all types of loan closings, while making sure that the clients have control over the entire process. The bank segment is expected to grow with an impressive CAGR of 2% during the forecast period.
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North America gained the highest revenue in the global market, owing to the growth in its industrial sector
North America accounted for nearly 25% market share, in terms of revenue, of the global market. It is anticipated to maintain its dominance in the long run and exhibit an impressive CAGR of 1.1% during the forecast period. North America extensively uses MICR technology in various industries such as retail, healthcare, payroll, banking, government, and few others. The interlocking of the healthcare and pharmaceutical industries creates one of the largest verticals in North America. In 2016, approximately 4.4 billion medical prescriptions were dispensed to the patients in United States. According to the Drug Enforcement Agency (DEA), approximately $5 billion are lost each year under the fraudulent prescription activities. To help combat counterfeit healthcare acts, hospitals and clinics have utilized the benefits offered by secure prescription printing software and MICR printers. Thus extensively opening the market for MICR printers in America in every vertical.
KEY FINDINGS OF GLOBAL MAGNETIC INK CHARACTER RECOGNITION (MICR) PRINTER MARKET, 2017-2025
• The laser segment is expected to witness the highest growth rate of 1.4% in the upcoming years. • The global Magnetic Ink Character Recognition (MICR) printer market is anticipated to witness a declining price trend during the forecast period 2018-2025. • North America led the global Magnetic Ink Character Recognition (MICR) printer market in 2017, in terms of revenue, by holding nearly 25% of the total share. • Bank application segment is expected to grow with an impressive CAGR of 2% during the forecast period.
Some key market players are Ricoh, Relyco, HP, Lexmark, Canon, Xerox, Fuji, Lenovo, and Delphax Technologies Inc. Detailed coverage on these market players with information on their revenue from MICR printers, production, capacity, market share, gross margin and their growth strategies have also been provided in the report.
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