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    Plastic Cards Market Report

    Plastic Cards Market Report
    Report code - SRCG284 Delivery - 2 Weeks
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    Global Plastic Cards Market, Trends and Market Analysis
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    Impact of COVID-19 on Plastic Cards Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Plastic Cards Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and statergy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    The Global Plastic Cards Market is estimated to grow from USD xx million in 2020 to USD xx million by 2026 at a healthy CAGR of 7.5% during the forecast period.

    Figure: Global Plastic Cards Market Size, 2020-2026 (USD Million)

    Plastic-Cards-Market-Forecast

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    What are Plastic Cards?

    Plastic cards are a personalized mode of payment that enables to use of the card for non-cash payment of goods & services, as well as helps to withdraw cash at ATMs and bank branches. These cards find widespread applications in various industries such as government, banking, healthcare, financial services, transportation, and insurance (BFSI), for identification and authentication. Plastic cards help to offer individuals with authorized access to secured premises of an organization to secure data security and confidentiality.

    Key Players

    Key players operating in the global hair growth vitamins market are-

    • Gemalto N.V. (Netherlands),
    • CPI Card Group Inc. (The U.S.),
    • Giesecke & Devrient GmbH (Germany),
    • American Banknote Corporation (The U.S.),
    • IDEMIA France SAS (France),
    • Perfect Plastic Printing Corporation (The U.S.),
    • Goldpac Group Limited (Hong Kong),
    • Inteligensa Group (Venezuela),
    • Marketing Card Technology, LLC (The U.S.),
    • TAG Systems SA (Andorra),
    • QARTIS S.A. (Poland), and
    • Teraco, Inc. (South Africa)

    Segmentation

    Market Dynamics

    Asia Pacific is a key driver of the plastic cards market growth.

    • Increasing demand for reliable & secure payment transactions across different sectors further drives the product demand.
    • Also, favourable governmental policies towards digitalization coupled with increasing e-payment facilities further boost the market growth.
    • However, limited consumer awareness and lack of standardization are likely to restrain the product demand.

    Technology Trends

    The chip-enabled cards witnessed a substantial market share and are likely to reach over USD 32 billion, with a healthy CAGR of 7.8% during the review period.

    A chip-enabled plastic card is a standard-size plastic-based credit or debit card which is embedded with a microchip as well as a traditional magnetic stripe. Moreover, the segment holds around 80% of the overall plastic cards market by technology.

    Regional Trends

    The Asia Pacific market held the largest market share in 2020, due to an upsurge in the number of financial institutions in the region.

    The growing use of financials cards has further driven the demand for plastic cards in countries like China, India, and Japan. Product manufacturers are focusing on catering customer demands for plastic card in the region by collaborating with banks and government organizations.

    COVID-19 Impact on Global Plastic Cards Market

    The outbreak of COVID-19 has adversely affected the plastic card industry worldwide. The number of cards manufactured across the globe declined from 19.7 from 37 billion cards in 2019 to around 30 billion cards in 2020. Most regional markets and vertical markets have witnessed considerable declines in revenue.

    Critical Questions Answered in the Report

    • What are the key trends in the global plastic cards market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?
    • What is the impact of COVID-19 on global plastic cards market?
    • What are the key strategies adopted by the major vendors to lead in the global plastic cards market?
    • What is the market share of the top vendors?

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    Target Audience

    The following is a list of the customers that the Plastic cards market aims to convert the most:

    • Plastic Cards vendors
    • Payment companies
    • Banks
    • Gift card companies
    • Healthcare companies
    • Transportation companies
    • Government organizations

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    Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].

    Frequently Asked Questions (FAQs)

    The plastic cards market is expected to grow at a CAGR of 7.5% in the foreseeable future.

    Gemalto N.V. (Netherlands), CPI Card Group Inc. (The U.S.), Giesecke & Devrient GmbH (Germany), American Banknote Corporation (The U.S.), IDEMIA France SAS (France), Perfect Plastic Printing Corporation (The U.S.), Goldpac Group Limited (Hong Kong), Inteligensa Group (Venezuela), Marketing Card Technology, LLC (The U.S.), TAG Systems SA (Andorra), QARTIS S.A. (Poland), and Teraco, Inc. (South Africa) are among the key players in the plastic cards market.

    Asia Pacific held the largest share of plastic cards market in 2020, due to an upsurge in the number of financial institutions in the region.

    Plastic Cards vendors, Payment companies, Banks, Gift card companies, Healthcare companies, Transportation companies, Government organizations are among the key players in the plastic cards market.

    Increasing demand for reliable & secure payment transactions across different sectors, favourable governmental policies towards digitalization coupled with increasing e-payment facilities are the factors driving the plastic cards market.

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