Strong economic growth, increasing middle class population coupled with high disposable income, and rapid inclination towards luxury lifestyles are the key growth drivers of tipping foils market. Owing to convenience of payments, financial cards are increasingly being adopted around the world which in turn influence growth of the tipping foils market. Tipping foils increase the lifespan of raised numbers on cards, improve adhesion, surface hardness, provide more uniformity, and lower rejects of the card. These factors have led to an increase in the demand for tipping foils. Rising adoption of personalization process in card manufacturing is expected to be a driver determinant of the tipping foils market.
Adoption of financial cards is on the rise over the years with increasing use of electronic payment methods and replaying cash operations, which in turn is likely to fuel the tipping foils market. However, majority of transaction now processed electronically using magnetic strips over the use of embossed card which may hamper the growth of tipping foils market. The future growth opportunities of tipping foils market lie in deploying advanced technology to produce improvement in product quality. Growing focus of manufactures to produce tipping foils with improved resistance to abrasion and scratch for longer time span are estimated to enhance the lucrativeness of the market.
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Tipping Foils Market: Regional Outlook
Based on region, tipping foils market is segmented in terms of production and consumption. Asia Pacific is expected to be one of the lucrative regions for tipping foils market owing to the growing demand in emerging economies such as China and India with rapid adoption of financial smart cards. Tipping foils market in developed nations of North America and Europe are likely to witness a significant growth in the coming years. The US is expected to generate maximum sales of tipping foils in the North America region. Further, Middle East & Africa will continue to complement growth of the tipping foils market.
Tipping Foils: Key Market Participants
Key market participants in the tipping foils market are typically engaged in improving the product portfolio to suit typical specification of each end use industry. The products offered by the market players meet industrial quality and standard, thus increasing their span of usage and application. Some of the top players identified across the value chain include: ITW Card Technologies Zetatrade Caxton mark Tavani Oy Barcodes QuickLabel IIMAK Kede De Capture Technologies Quipu Zebra KROY LLC BRADY Peak-Ryzex
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The research report presents a comprehensive assessment of the tipping foils market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report on tipping foils market provides analysis and information according to market segments such as geographies, application and industry.
The report covers exhaustive analysis on: Tipping Foils Market Segments Tipping Foils Market Dynamics Tipping Foils Market Size Supply & Demand Current Trends/Issues/Challenges Competition & Companies involved Technology Value Chain
Regional analysis includes: Tipping Foils Market in the United States Tipping Foils Market in Europe Tipping Foils Market in China Tipping Foils Market in Japan Tipping Foils Market in Other Regions
The tipping foils market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The tipping foils market report also maps the qualitative impact of various market factors on market segments and geographies.
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