Global Plastic Cards Market Insights and Trends, Positive and Negative Factors, Areas to Focus on, Potential Markets, Key Developments, Segments and Verticals, and Forecast 2019 – 2028

Global Plastic Cards Market report provides insights on the various drivers, restraints, opportunities and ongoing trends in the target market and their effects on revenue growth of the global market. Besides presentation of revenues from segments in the regions, the report also presents revenues for major countries in each respective region. In addition, the report contains company profiles of the top 10 key players in the target market. The profiles provide an understanding of details such as company location, headcount, CEO (current), date of establishment, annual revenue, operating segments, revenue from key segments, recent developments, including mergers & acquisitions, strategic agreements, expansion, focus areas, legal challenges (if any), and contact information. In the report, the global plastic cards market has been segmented on the basis of technology, application, and region.

Product Overview

Plastic cards are used in various sectors and for a range of purposes and applications.  From the general ID card, to visiting card or business card. Plastic cards are used and issued by transportation sectors, banking and financial services, insurance (BFSI), healthcare, and government sectors. From authentication and identification for commercial transactions, to modern banking operations, and payment purposes, plastic cards seem to be in everyone’s back pocket.

Dynamics:

A rapidly increasing global population along with rising spending power and per-capita income among individual is a primary factor expected to drive growth of the global plastic cards market. Rapid adoption of cashless payment options, growing e-Commerce platforms and services, and increasing number of individuals preferring online shopping and making payments wirelessly owing to convenience and hassle-free efficiency are among other factors projected to drive growth of the global plastic cards market. Furthermore, a rapidly growing debit card sector and various government initiatives promoting e-payments are other factors expected to drive market growth.

Segmentation:

By Type:

Among the technology segments, the chip enabled card segment is expected to account for higher revenue share as compared to other segments. Revenue from the smart card segment is expected to register significant growth during the forecast period. Among the application segments, the payment card segment is projected to account for major revenue share over the forecast period.

Region Analysis:

The market in Asia Pacific is projected to account highest share in terms of revenue in the global market as compared to markets in other regions. This is primarily attributed to an increasing number of financial institutions in developing countries such as India, China, and others. In addition, growing usage of cards for financial transactions and rising spending power on luxury consumer goods are factors expected to support demand for plastic cards in countries in the region.

North America and Europe plastic cards market are expected to grow at a significant rate owing to rising purchasing power among consumers in countries in the region.

Global Plastic Cards Market Segmentation:

Segmentation by Technology:

• Chip Enabled Cards
• Regular Cards
• Smart Cards

Segmentation by Application:

• Payment Cards
• Government/Health
• SIM Cards
• Transportation Cards
• Gift Cards
• Access Cards
• Others

Segmentation by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa