Plastic Cards Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)
Explosive Growth Expected in Plastic Cards Market, Fueled by Technological Advancements and Rising Demand
As the global financial landscape continues to evolve, plastic cards are emerging as the cornerstone of modern banking and commercial transactions. A recent study conducted by Persistence Market Research anticipates the plastic cards market to witness a remarkable expansion, boasting a robust Compound Annual Growth Rate (CAGR) of 8% over the forecast period spanning from 2024 to 2031.
The pervasive adoption of plastic cards across various sectors including banking, telecommunications, and retail underscores their indispensable role in facilitating seamless transactions worldwide. The proliferation of banks and financial institutions, coupled with the escalating usage of mobile phones, has spurred an unprecedented demand for plastic cards, prompting manufacturers to innovate and introduce novel products to meet evolving consumer needs.
Key Insights Driving the Plastic Cards Market:
1. Rising Demand Across Various Applications: Plastic cards continue to experience heightened traction in banking services, SIM cards, and gift card applications, with a particularly impressive growth trajectory expected in the latter segment. The convenience and versatility offered by plastic cards have rendered them indispensable in modern payment ecosystems.
2. Shift Towards a Digital Economy: Governments and businesses worldwide are increasingly gravitating towards a digital-first approach, fueling the adoption of electronic payment solutions. This paradigm shift underscores the imperative for innovative payment methods, with plastic cards emerging as a frontrunner in facilitating cashless transactions.
3. Technological Innovations Driving Adoption: Smart cards, equipped with advanced features and enhanced security protocols, are poised to gain prominence in the market. The inherent advantages of smart cards over traditional counterparts position them as a preferred choice among consumers and businesses alike.
4. Regional Dynamics: The Asia Pacific region commands a significant share of the plastic cards market, driven by the proliferation of financial institutions and the growing usage of financial cards. Manufacturers are keenly focused on catering to the burgeoning demand for plastic cards in this dynamic region.
5. Dominance of Chip-Enabled Cards: Chip-enabled cards represent the vanguard of technological innovation in the plastic cards market, accounting for a substantial market share and projected to maintain their dominance in the foreseeable future.
Competitive Analysis
Key companies functioning in the global plastic cards market including:
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
dz card (International) Ltd.
TAG Systems SA
TAG Systems SA
QARTIS S.A.
Teraco, Inc.
Tactilis Pte. Limited
Arroweye Solutions, Inc.
CardLogix Corporation
CardLogix Corporation
Toppan Printing Co., Ltd.
Others.
Plastic Cards Market Segmentation
By Technology
Chip Enabled Cards
Regular Cards
Barcode Cards
Magnetic Strips Cards
Smart Cards
Contact Cards
Contactless Cards
Hybrid Cards
Dual-interface Cards
By Application
Payment Cards
Credit Cards
Charge Cards
Debit Cards
Prepaid Cards
Government/Health
National Identity Cards
Driving Licenses
Public & Private Health Cards
Others
SIM Cards
Transportation Cards
Gift Cards
Access Cards
Others
By Region
North America
Latin America
Europe
Asia Pacific
Middle East & Africa
Table of Contents
1. Executive Summary
1.1. Global Plastic Cards Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2023
1.5. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID-19 Impact Analysis
2.5.1. Supply
2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
2.7.1. World Economic Projections
2.8. PESTLE Analysis
3. Global Plastic Cards Market Outlook, 2018 - 2031
3.1. Global Plastic Cards Market Outlook, by Technology, Value (US$ Bn), 2018 - 2031
3.1.1. Key Highlights
3.1.1.1. Chip Enabled Cards
3.1.1.2. Regular Cards
3.1.1.2.1. Barcode Cards
3.1.1.3. Magnetic Strips Cards
3.1.1.4. Smart Cards
3.1.1.5. Contact Cards
3.1.1.5.1. Contactless Cards
3.1.1.6. Hybrid Cards
3.1.1.6.1. Dual-interface Cards
3.2. Global Plastic Cards Market Outlook, by Application, Value (US$ Bn), 2018 - 2031
3.2.1. Key Highlights
3.2.1.1.1. Payment Cards
3.2.1.1.1.1. Credit Cards
3.2.1.1.1.2. Charge Cards
3.2.1.1.1.3. Debit Cards
3.2.1.1.1.4. Prepaid Cards
3.2.1.1.2. Government/Health
3.2.1.1.2.1. National Identity Cards
3.2.1.1.2.2. Driving Licenses
3.2.1.1.2.3. Public & Private Health Cards
3.2.1.1.2.4. Others
3.2.1.1.3. SIM Cards
3.2.1.1.4. Transportation Cards
3.2.1.1.5. Gift Cards
3.2.1.1.6. Access Cards
3.2.1.1.7. Others
3.3. Global Plastic Cards Market Outlook, by Region, Value (US$ Bn), 2018 - 2031
3.3.1. Key Highlights
3.3.1.1. North America
3.3.1.2. Europe
3.3.1.3. Asia Pacific
3.3.1.4. Latin America
3.3.1.5. Middle East & Africa
4. North America Plastic Cards Market Outlook, 2018 - 2031
4.1. North America Plastic Cards Market Outlook, by Technology, Value (US$ Bn), 2018 - 2031
4.1.1. Key Highlights
4.1.1.1. Chip Enabled Cards
4.1.1.2. Regular Cards
4.1.1.2.1. Barcode Cards
4.1.1.3. Magnetic Strips Cards
4.1.1.4. Smart Cards
4.1.1.5. Contact Cards
4.1.1.5.1. Contactless Cards
4.1.1.6. Hybrid Cards
4.1.1.6.1. Dual-interface Cards
4.2. North America Plastic Cards Market Outlook, by Application, Value (US$ Bn), 2018 - 2031
4.2.1. Key Highlights
4.2.1.1.1. Payment Cards
4.2.1.1.1.1. Credit Cards
4.2.1.1.1.2. Charge Cards
4.2.1.1.1.3. Debit Cards
4.2.1.1.1.4. Prepaid Cards
4.2.1.1.2. Government/Health
4.2.1.1.2.1. National Identity Cards
4.2.1.1.2.2. Driving Licenses
4.2.1.1.2.3. Public & Private Health Cards
4.2.1.1.2.4. Others
4.2.1.1.3. SIM Cards
4.2.1.1.4. Transportation Cards
4.2.1.1.5. Gift Cards
4.2.1.1.6. Access Cards
4.2.1.1.7. Others
4.3. North America Plastic Cards Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
4.3.1. Key Highlights
4.3.1.1. U.S. Plastic Cards Market by Technology, Value (US$ Bn), 2018 - 2031
4.3.1.2. U.S. Plastic Cards Market by Application, Value (US$ Bn), 2018 - 2031
4.3.1.3. Canada Plastic Cards Market by Technology, Value (US$ Bn), 2018 - 2031
4.3.1.4. Canada Plastic Cards Market by Application, Value (US$ Bn), 2018 - 2031