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

The tactile printing 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 is a process of creating a texture on a printing substrate, which can be sensed with touch. 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.

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Tactile Printing Market: Strategic Insights

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Impact of COVID-19 Pandemic on Tactile Printing Market

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.

Tactile Printing Market Insights

Growing Demand for Tactile Graphics to Empower Visually Impaired People

Employers at small and medium-sized enterprises provide employment opportunities to a diverse range of candidates, accommodating physically disabled contenders in the workforce. Consequently, sectors such as marketing, business management and administration, human services, health science, and agriculture are extensively employing visually impaired aspirants at a large scale. Several other sectors employing visually impaired individuals include non-profit organizations; local, state, and federal governments; and self-employed entrepreneurs. Legislative changes and civil right laws also positively impact the career opportunities of visually impaired individuals. Therefore, tactile signage boards and maps are in high demand to assist these people at workplaces.

Application-Based Market Insights

Based on application, the tactile printing market is segmented into packaging and labels, tactile graphics, and secure documentation. The packaging and labels segment led the market in 2020. Tactile printing finds a major application in packaging and labeling operations across various verticals, which helps enterprises in grabbing a broader customer base. Tactile printed packaging materials and labels also assist the visually impaired people. Moreover, the use of tactile print helps the brands with trendy presentation and decorative embellishment in packaging, offering barrier and others special features.

The players operating in the

tactile printing

market adopt strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:

• In 2020, ViewPlus Technologies Inc. introduced the strongest and most readable Braille dot of any desktop Braille printer, while maintaining a pleasing rounded dot shape with Power-Dot Braille that is now available. The VP Delta 2 and VP Columbia 2 still emboss high-resolution tactile graphics and Library of Congress (LOC) Braille.

• In 2021, Roland DGA Corporation announced the launch of VersaUV LEC2-640 and LEC2-330, next-generation UV printer/cutters uniquely engineered to take label, packaging, sign, display, and interior décor production to another level.

Tactile Printing Market Regional Insights

The regional trends and factors influencing the Tactile Printing Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Tactile Printing Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Tactile Printing Market Report Scope

Tactile Printing Market Players Density: Understanding Its Impact on Business Dynamics

The Tactile Printing Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Tactile Printing Market are:

1. Altix
2. Konica Minolta, Inc.
3. Rink Printing Company
4. Sturdy Print & Design Ltd
5. American Thermoform

Disclaimer: The companies listed above are not ranked in any particular order.

The tactile printing market has been segmented as follows:

Tactile Printing Market – by Application

• Packaging & Labels
• Tactile graphics
• Secure Documentation

Tactile Printing Market – by End User

• Braille Users
• Industrial
• Government & Defense

Tactile Printing Market – by Geography

• North America

  • US
  • Canada
  • Mexico

• Europe

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

• Asia Pacific (APAC)

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

• Middle East and Africa (MEA)

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

• South America (SAM)

  • Brazil
  • Argentina
  • Rest of SAM

Company Profiles

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