The global plastic cards market is expected to grow at a steady CAGR during the forecast period. The global plastic card market is driven by the increasing use of plastic cards in banks and SIM cards coupled with the high acceptance of cashless payment options. Growing development in the gift card application is also expected to bolster the growth of the market over the next few years. World’s population is growing at an alarming rate along with rising spending power and per-capita income among individuals which is positively influencing the market growth through 2027.
The global plastic card market is segmented based on type, technology, application, company, and region. Based on technology, the market has been segmented into chip-enabled cards, regular cards, and smart cards. The chip-enabled cards segment dominated the market until 2021 and is anticipated to maintain its dominance over the next five years as well owing to its lower risk of fraud-related losses. Based on region, the APAC region led the overall plastic cards market and is projected to lead the market during the forecast period as well. This is primarily attributed to a surging number of financial institutions in developing nations like India, China, and others. In addition to this, an increase in the usage of cards for financial transactions is further expected to support demand for plastic cards in the region.
The major players operating in the plastic cards market are Gemalto N.V., CPI Card Group Inc., Giesecke & Devrient GmbH, American Banknote Corporation, IDEMIA France SAS, Perfect Plastic Printing Corporation, Goldpac Group Limited, Inteligensa Group, Marketing Card Technology, LLC, TAG Systems SA, and others.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers and presence of all major players across the globe.
TechSci Research calculated the market size of the global plastic cards market using a bottom-up approach, wherein data for various end-user segments were recorded and forecasted for the future years. TechSci Research sourced these values from industry experts and company representatives and externally validated them by analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations, and financial reports were also studied by TechSci Research.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers, partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Attribute | Details |
Base Year | 2021 |
Historical Data | 2017 – 2020 |
Estimated Year | 2022 |
Forecast Period | 2023 – 2027 |
Quantitative Units | Revenue in USD Million, Volume in Units, and CAGR for 2017-2021 and 2022E-2027F |
Report Coverage | Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered | Type Technology Application |
Regional scope | North America; Europe; Asia Pacific; South America; Middle East & Africa |
Country scope | United States, Mexico, Canada, China, India, Japan, South Korea, and Australia; Germany, France, United Kingdom, Spain, Italy, South Africa, UAE, Saudi Arabia, Brazil, Argentina, Colombia; |
Key companies profiled | Gemalto N.V., CPI Card Group Inc., Giesecke & Devrient GmbH, American Banknote Corporation, IDEMIA France SAS, Perfect Plastic Printing Corporation, Goldpac Group Limited, Inteligensa Group, Marketing Card Technology, LLC, TAG Systems SA. |
Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
In this report, the global plastic cards market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
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