Middle East and Africa 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)
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The tactile printing market in MEA is expected to grow from US$ 65.90 million in 2021 to US$ 99.19 million by 2028; it is estimated to grow at a CAGR of 6.0% from 2021 to 2028.
Saudi Arabia, South Africa, and UAE are major economies in MEA. Upcoming of technologically and physically advanced tactile printers is the major factor driving the MEA tactile printing market. Lightweight, compact, and technologically advanced printers are emerging as a new trend in the tactile printing market. TactPlus is a small, lightweight, and mobile printing solution. It can be easily taken on the go to print documents in Braille anytime, anyplace. As a graphic tactile printer, TactPlus helps volunteers and educational institutions produce high-quality, colored 3D images. It is equipped with a voice guidance feature to make the printing job easy for visually impaired people. The launch more such printers is anticipated to foster the tactile printing market growth in the coming years. Printer manufacturers in South Africa are increasingly investigating in merger and acquisition opportunities to obtain the required skills, resources, and market shares. For instance, Golden Era built a large-scale plant and Mpact Group has commissioned liquid packaging recycling plant. This is driven by increased demand for consumer products from the continuously rising population of youth consumers and growing domestic economies in Africa. In 2020, the Saudi Arabian Monetary Authority issued new five-riyal banknotes printed on polymer. This denomination is now the first circulation-type polymer banknote of Saudi Arabia as well as the Middle East and Africa. A raised print application located to the lower-left corner of the notes is included to aid identification of the note by visually impaired persons. This is a major factor contributing to the tactile printing industry in the country. Thus upcoming of technologically and physically advanced tactile printers is the major factor driving the MEA tactile printing market.
Major economies in the MEA that are facing challenges due to the COVID-19 outbreak include Saudi Arabia, the UAE, Egypt, Morocco, and Kuwait, among others. The region is anticipated to report a swift decline in the supply of raw materials and products, which are procured from various manufacturers in North America, Europe, and APAC; these regions have halted or scaled down their production activities, subsequently lowering the export of components and products to other regions. As per a 2021 report by Labels & Labeling, the pharmaceutical, healthcare, and hygiene products segment saw a multifold increase in demand in 2020. The demand for food and personal care labels remained unchanged, but the cosmetic sector saw a drop in demand. Thus, the region is witnessing a slight decline in the tactile printing market growth.
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 MEA tactile printing market. The MEA tactile printing market is expected to grow at a good CAGR during the forecast period.
MEA Tactile printing Market Segmentation
MEA Tactile printing Market – By Application
- Packaging & Labels
- Tactile graphics
- Secure Documentation
MEA Tactile printing Market – By End User
- Braille Users
- Industrial
- Government & Defense
MEA Tactile printing Market, by Country
- Saudi Arabia
- South Africa
- UAE
- Rest of MEA
MEA Tactile printing Market - Companies Mentioned
- American Thermoform
- Canon Inc
- Index Braille
- Kanematsu USA
- Konica Minolta, Inc.
- Roland DG Corporation
- ViewPlus Technologies Inc
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the MEA tactile printing market
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- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth MEA market trends and outlook coupled with the factors driving the tactile printing market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution