Tactile Printing Market is expected to reach US$ 2,257.92 Mn by 2028

Increasing Efforts to Boost Adoption of Tactile Graphics in Developing Regions to Provide Growth Opportunities for Tactile Printing Market during 2021–2028

According to our latest market study on “Tactile Printing Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Application and End-User”, the market was valued at US$ 1,353.27 million in 2021 and is projected to reach US$ 2,257.92 million by 2028; it is expected to grow at a CAGR of 7.6% from 2021 to 2028.

Tactile printing finds various applications in pharmaceutical, medical packaging, human services, health science, agriculture, service, and other sectors. The demand for tactile printing is being majorly driven by the growing use of this technique in mapping, labeling, packaging, security, and secure documentation. Further, increasing investments in the Braille printing technology due to the escalating demand for customized solutions such as Braille printed games, wristbands, musical cards, pins, switches, visiting cards, location labels, stickers, greeting cards, and calculators is augmenting the growth of the tactile printing market. With many countries focusing on encouraging the employment of visually impaired people, the Braille printing industry is presenting significant opportunities to the tactile printing market players.

In terms of geography, the tactile market is segmented into North America, Europe, APAC, MEA, and SAM. Asia Pacific held the largest revenue share in 2020, followed by North America and Europe. Further, Asia Pacific is expected to witness the highest CAGR during the forecast period. The tactile printing market is segmented on the bases of application and end-user. Based on application, the market is segmented into packaging & labels, tactile graphics, and secure documentation. The packaging & labels segment led the overall market in 2020. Based on end-user, the tactile printing market is segmented into Braille users, industrial, and government & defense. The Braille users segment is expected to register the highest CAGR during 2021–2028.

Impact of COVID-19 Pandemic on Tactile Printing Market         

The COVID-19 outbreak crisis is adversely affecting the most of the industries across the world. Due the disruptions in supply and demand across the value chain, companies operating in the global tactile printing market are witnessing decline in revenue and business growth. Therefore, the outbreak restrained the overall growth of the market in 2020 to some extent. However, owing to the expected rise in demand from commercial and industrial users globally, the market growth is expected to normalize from third quarter of 2021 and continue to grow at a steady rate from 2021 to 2028.

A few major players operating in the global tactile printing market are Altix; Konica Minolta, Inc.; Rink Printing Company; Sturdy Print & Design Ltd; American Thermoform; Canon Inc; Index Braille; Kanematsu USA; ViewPlus Technologies Inc; and Roland DG Corporation.

Tactile Printing Market — by Geography, 2020 and 2028 (%)

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Tactile Printing Market to Grow at a CAGR of 7.6% to reach US$ 2,257.92 Million from 2020 to 2028

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

The report segments the tactile printing market as follows:

By Application

• Packaging & Labels
• Tactile Graphics
• Secure Documentation

By End-user

• Braille Users
• Industrial
• Government & Defense

By Geography

• North America

• US
• Canada
• Mexico

• Europe

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

• Asia Pacific

• Australia
• China
• India
• Japan
• South Korea
• Rest of APAC

• Middle East and Africa

• South Africa
• Saudi Arabia
• UAE
• Rest of MEA

• South America

• Brazil
• Argentina
• Rest of SAM