Europe Tactile Printing Market Market to Grow at a CAGR of 7.1% to reach US$ 553.67 Mn Million from 2021 to 2028

Europe Tactile Printing Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Application (Packaging & Labels, Tactile Graphics, and Secure Documentation) and End User (Braille Users, Industrial, and Government & Defense)

Publication Month : Jun 2021

  • Report Code : TIPRE00023004
  • Category : Electronics and Semiconductor
  • Status : Published
  • No. of Pages : 107
Inquire Before Buy

PRICING

$3000

$1800

The tactile printing market in Europe is expected to grow from US$ 342.11 million in 2021 to US$ 553.67 million by 2028; it is estimated to grow at a CAGR of 7.1% from 2021 to 2028.



France, Germany, Italy, UK, and Russia are major economies in Europe. Industries demanding for innovative packaging is the major factor driving the Europe tactile printing market. Tactile printing in packaging takes on many forms. For instance, the material can take the form of a rubber-like surface that makes the handing of hard-to-open and heavy containers easy during transport. This kind of packaging can draw the attention of customers and allow makers to thin the sidewalls without sacrificing top load strength. Tactile printed labels and packaging can also assist visually impaired people to ensure they are using the right product. These are underused elements meant for multiple senses to appeal customers with visual cues as well as with patterns that tempt the fingertips. To reach the masses, brands now-a-days are tapping into the personalization of packaging by leveraging technological advancements. The tactile printing technology is giving rise to high-end packaging designs for products from consumer goods categories, including food, beverage, beer & wine, medical, and beauty. In addition, it is being deployed to produce specialized labels for automotive products, including exterior, interior, and safety and security labels. In the chemicals industry, tactile warning symbols and Braille can be combined to generate custom printed labels for countries with requirements; for example, many EU countries require all toxic, harmful, and flammable products to carry a warning triangle. More recently, manufacturers of product categories such as pet foods, baby foods, dairy, fabric care, health care, and savory spreads are trying to explore the advantages of soft-touch packaging.

Germany, Spain, the UK, Italy, and France are among the notably affected European countries by the COVID-19 pandemic. Businesses are suffering from financial crises as they either had to suspend their operations or reduce their activities substantially in the initial stages of the pandemic. Europe has one of the world’s robust food &beverages industries. Hence, business lockdowns and travel bans led to the slowdown of the growth of this sector in 2020, and the impact is likely to continue to some extent in 2021. Moreover, disruptions in supply chain in the region led to imbalance in the demand and supply of products in 2020. Various countries in Europe, such as Italy, Spain, France, the UK, and Germany, have implemented drastic measures and travel restrictions to limit the spread of SARS-CoV-2.According to the EU legislation, Braille text and tactile labeling are mandatory on pharmaceutical products. However, suspension of business activities has affected product launches and new investments in various European countries, thus impacting the growth of the tactile printing market. In addition, disruptions in raw materials and equipment supply chain further worsen the conditions for tactile printing solution manufacturers in this region. As per a survey by the British Plastics Federation (BPF), ~80% of the surveyed packaging companies from the UK are expecting a drop in turnover, while ~90% of them have anticipated issues in supply chain.          

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe tactile printing market. The Europe tactile printing market is expected to grow at a good CAGR during the forecast period.
Europe tactile printing market

  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities

Europe Tactile printing Market Segmentation

Europe Tactile printing Market – By Application

  • Packaging & Labels
  • Tactile graphics
  • Secure Documentation

Europe Tactile printing Market – By End User

  • Braille Users
  • Industrial
  • Government & Defense

Europe Tactile printing Market, by Country

  • France
  • Germany
  • Italy
  • Russia
  • UK
  • Rest of Europe  

Europe Tactile printing Market - Companies Mentioned  

  • Altix
  • American Thermoform
  • Canon Inc
  • Index Braille
  • Kanematsu USA
  • Konica Minolta, Inc.
  • Roland DG Corporation
  • Sturdy Print & Design Ltd
  • ViewPlus Technologies Inc
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Application and End User

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

UK, Germany, France, Italy, Russia

  1. Altix
  2. American Thermoform
  3. Canon Inc
  4. Index Braille
  5. Kanematsu USA
  6. Konica Minolta, Inc.
  7. Roland DG Corporation
  8. Sturdy Print & Design Ltd
  9. ViewPlus Technologies Inc

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

Trends and growth analysis reports related to Europe Tactile Printing Market