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Chip Cards Account for Majority Sales of Plastic Cards Sales Worldwide

Press release Description

Albany, New York, December 17, 2018: Modern technology has uplifted the adoption of plastic cards to a new level, with robust developments in plastic cards including chip cards and smart cards gaining traction among consumers. Chip cards account for majority sales of overall plastic cards worldwide, and is will continue to be a key technology of plastic cards in the foreseeable future.

Aforementioned insights are according to the report titled, “Global Market Study on Plastic Cards: Technological Advancements and Move Towards Digital World Driving Revenue Growth,” added recently to the all-inclusive repository of Market Research Reports Search Engine (MRRSE). With access to the internet becoming more and more convenient, demand for online shopping & banking has witnessed a tremendous surge.

In line with proliferation of online payments, security risks have piled up, and hence the preference for smart cards has gained significant momentum, as these reduce fraud risks, enhance security, and facilitate end-users to employ value-added services. Key end-use industries where smart cards have witnessed extensive adoption include governments, transportation, healthcare, telecommunication and banking. This has further influenced demand for plastic cards in recent years.

Lower commodity cost of plastic cards production in countries of Asia-Pacific has remained a key impediment to growth of the smart cards. Low commodity cost has further resulted an increase in number of unorganized and small players, which has resulted in counterfeit products palpability, thereby impacting sales of branded plastic cards.

Plastic Cards Market: Scope of the Report

This report offers a root-cause analysis on growth drivers, trends, challenges, and opportunities for the plastic cards market, along with a comprehensive segmental analysis. Key segments identified in the plastic cards market include technology (chip-enabled, regular, and smart), application (payment cards, government/health, SIM cards, transportation cards, gift cards, access cards, and others), and region (North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa).

Size of the plastic cards market has been delivered in terms of value (US$ Mn) and volume (Mn Units). The report further highlights latent opportunities for players in the plastic cards market to bank on, which in turn is expected to aid clients in gaining transparent decision-making insights. Macro- and micro-economic factors impacting demand & supply trends in the plastic cards market have also been studied in the report.

The report has provided in-depth analysis on the revenue forecast on the basis of absolute dollar opportunity. Study of absolute dollar opportunity is vital in the assessment of the level of opportunity, which key providers in the market seek continuously. This study further facilitates the identification of potential resources from the sales point of view in the plastic cards market.

Plastic Cards Market: Analysis on Competitive Landscape

The competition landscape of the plastic cards market has been assessed in detail, along with the identification and profiling of key players upholding the market growth. Performance of the market players has been studied based on their regional attractiveness. Recent developments made by the leading as well as emerging plastic cards market players have been included in the report.

The analysis on competition landscape is highly valuable for the report readers as they devise their strategies accordingly for growth of their business in the plastic cards market. The report further serves as an authentic database for the clients in the plastic cards market, who can make fact-based decision for future trajectory of their businesses.

Browse Full Global Plastic Cards Market Report with TOC :

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