Tactile Graphics Segment is Expected to be Fastest Growing During the Forecast Period for SAM Region
According to this research study titled “SAM Tactile Printing Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast by Application and End User,” the market is expected to reach US$ 135.70 million by 2028 from US$ 93.19 million in 2021. The market is estimated to grow at a CAGR of 5.5% from 2021 to 2028. The report provides trends prevailing in the SAM tactile printing market along with the drivers and restraints pertaining to the market growth. Need for unique packaging is rising in numerous industries is the major factor driving the growth of the SAM tactile printing market. However, issues associated with initial and ongoing high costs hinders the growth of SAM tactile printing market.
The SAM tactile printing market is segmented into application, end-user, and country. Based on application, the SAM tactile printing market is segmented into packaging & labels, tactile graphics, & secure documentation. Packaging and labels segment held a substantial market share in 2020. Based on end-user, the SAM tactile printing market is segmented into braille users, industrial sector, and government & defense sector. Industrial segment held a substantial market share in 2020.
Brazil has reported the highest number of COVID-19 cases in SAM, followed by countries such as Ecuador, Peru, Chile, and Argentina. The governments in various countries in the region have been imposing lockdown, trade ban, and travel restriction, among others, to protect people and to control COVID-19 spread. Thus, lack of access to workforces is limiting the production and supply of tactile substrates and printers in the region. Additionally, the supply chain disruptions and non-availability of raw materials would also aggravate the growth problems for various industries operating in this region. The countries in this region have strongest trade links with China, which further is leading them toward significant short-term challenges. Hence, the decline in business operations and industrial activities is directly affecting the performance of the tactile printing market players in SAM.
American Thermoform; Canon Inc, Index Braille, Kanematsu USA, Konica Minolta, Inc., Roland DG Corporation, and ViewPlus Technologies Inc are among the leading companies in the SAM tactile printing market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, Konica Minolta, Inc. announced new MGI JETvarnish 3DS with iFOIL Installation in Colorado.
The report segments the SAM Tactile Printing Market as follows:
SAM Tactile Printing Market - By Application
SAM Tactile Printing Market - By End User
SAM Tactile Printing Market - By Country
The SAM tactile printing market is segmented into application, end-user, and country. Based on application, the SAM tactile printing market is segmented into packaging & labels, tactile graphics, & secure documentation. Packaging and labels segment held a substantial market share in 2020. Based on end-user, the SAM tactile printing market is segmented into braille users, industrial sector, and government & defense sector. Industrial segment held a substantial market share in 2020.
Brazil has reported the highest number of COVID-19 cases in SAM, followed by countries such as Ecuador, Peru, Chile, and Argentina. The governments in various countries in the region have been imposing lockdown, trade ban, and travel restriction, among others, to protect people and to control COVID-19 spread. Thus, lack of access to workforces is limiting the production and supply of tactile substrates and printers in the region. Additionally, the supply chain disruptions and non-availability of raw materials would also aggravate the growth problems for various industries operating in this region. The countries in this region have strongest trade links with China, which further is leading them toward significant short-term challenges. Hence, the decline in business operations and industrial activities is directly affecting the performance of the tactile printing market players in SAM.
American Thermoform; Canon Inc, Index Braille, Kanematsu USA, Konica Minolta, Inc., Roland DG Corporation, and ViewPlus Technologies Inc are among the leading companies in the SAM tactile printing market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, Konica Minolta, Inc. announced new MGI JETvarnish 3DS with iFOIL Installation in Colorado.
The report segments the SAM Tactile Printing Market as follows:
SAM Tactile Printing Market - By Application
- Packaging & Labels
- Tactile graphics
- Secure Documentation
SAM Tactile Printing Market - By End User
- Braille Users
- Industrial
- Government & Defense
SAM Tactile Printing Market - By Country
- Brazil
- Argentina
- Rest of SAM
Table of Contents
1. Introduction
3. Research Methodology
4. SAM Tactile Printing Market Landscape
5. SAM Tactile Printing Market - Key Market Dynamics
6. Tactile Printing Market - SAM Analysis
7. SAM Tactile Printing Market Analysis - By Application
8. SAM Tactile Printing Market Analysis- By End-User
9. SAM Tactile Printing Market - Country Analysis
10. SAM Tactile Printing Market- COVID-19 Impact Analysis
11. Industry Landscape
12. Company Profiles
13. Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- American Thermoform
- Canon Inc
- Index Braille
- Kanematsu USA
- Konica Minolta, Inc.
- Roland DG Corporation
- ViewPlus Technologies Inc
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 90 |
| Published | June 2021 |
| Forecast Period | 2021 - 2028 |
| Estimated Market Value ( USD | $ 93.19 Million |
| Forecasted Market Value ( USD | $ 135.7 Million |
| Compound Annual Growth Rate | 5.5% |
