South America Tactile Printing Market
SAM is a diverse territory with a prominence of domestic’s label and packaging markets of vastly differing sizes. In recent years, the countries such as Brazil, Argentina, Chile, Peru, and Colombia have been a focus for multinational converting groups willing to acquire local printing players for widening their networks. These factors are contributing to the tactile printing market growth in SAM. According to statistics from the World Health Organization (WHO), ~110 million people with visual impairments are residing in developing countries of South and Central America. However, most of the population in the region is unaware about visual disabilities. Hence, high prevalence of visual impairment and the role of tactile maps in aiding independence to blind and visually impaired people is one of the most relevant issues contributing to the tactile printing market growth in SAM.
Brazil has reported the highest number of COVID-19 cases in SAM, followed by countries such as Ecuador, Peru, Chile, and Argentina. The governments in various countries in the region have been imposing lockdown, trade ban, and travel restriction, among others, to protect people and to control COVID-19 spread. Thus, lack of access to workforces is limiting the production and supply of tactile substrates and printers in the region. Additionally, the supply chain disruptions and non-availability of raw materials would also aggravate the growth problems for various industries operating in this region. The countries in this region have strongest trade links with China, which further is leading them toward significant short-term challenges. Hence, the decline in business operations and industrial activities is directly affecting the performance of the tactile printing market players in SAM.
Strategic insights for the South America Tactile Printing provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 93.19 Million |
| Market Size by 2028 | US$ 135.70 Million |
| Global CAGR (2021 - 2028) | 5.5% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Application
|
| Regions and Countries Covered | South and Central America
|
| Market leaders and key company profiles |
The geographic scope of the South America Tactile Printing refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The tactile printing market in SAM is expected to grow from US$ 93.19 million in 2021 to US$ 135.70 million by 2028; it is estimated to grow at a CAGR of 5.5% from 2021 to 2028. 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 particular 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.
The SAM tactile printing market is segmented into application, end-user, and country. Based on application, the SAM tactile printing market is segmented into packaging & labels, tactile graphics, & secure documentation. Packaging and labels segment held a substantial market share in 2020. Based on end-user, the SAM tactile printing market is segmented into braille users, industrial sector, and government & defense sector. Industrial segment held a substantial market share in 2020.
A few major primary and secondary sources referred to for preparing this report on the tactile printing market in SAM are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are American Thermoform, Canon Inc, Index Braille, Kanematsu USA, Konica Minolta, Inc., Roland DG Corporation, and ViewPlus Technologies Inc.
The South America Tactile Printing Market is valued at US$ 93.19 Million in 2021, it is projected to reach US$ 135.70 Million by 2028.
As per our report South America Tactile Printing Market, the market size is valued at US$ 93.19 Million in 2021, projecting it to reach US$ 135.70 Million by 2028. This translates to a CAGR of approximately 5.5% during the forecast period.
The South America Tactile Printing Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South America Tactile Printing Market report:
The South America Tactile Printing Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South America Tactile Printing Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South America Tactile Printing Market value chain can benefit from the information contained in a comprehensive market report.
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