Market Introduction
North America holds a major share of the tactile printing industry. The market growth in this region is mainly attributed to rise in demand for the food &beverages industry products. High product demand indicates increased production of labels and packages using tactile printing. For instance, Flair Flexible Packaging, a North American company, has launched Real Touch, which includes its tactile packaging program, to provide enhanced brand advantage and high-impact shelf differentiation. Real Touch is developed for food product packaging, and it provides visual impact by adding a tactile dimension to brand packaging designs. North America is home to renowned organizations and companies engaged in developing products and solutions for visually impaired people. Also, rising need for tactile graphics for better accessibility to visually impaired is the major factor driving the North America tactile printing market.
North America is one of the key regions in terms of adoption and development of new technologies due to favorable government policies that boost innovation and strengthen the infrastructure capabilities. Hence, any impact on the growth of industrial and commercial sectors directly affects the economic growth of the region. Presently, the US is the one of the world’s most affected country due to COVID-19 outbreak. The printing, labeling, and packaging industries in the country have been witnessing negative impact due to the shortage of raw materials and demand disruptions. Also, various industries procure large quantities of raw materials from India and China, and the manufacturing sectors in these countries have shut down or scaled down their operations as a part of efforts to contain the COVID-19 spread. On the other hand, the demand for packaging is increasing owing to demand for more take-out deliveries, online orders, groceries, sanitary products, facial masks, and FMCG. Companies in North America are also opening to improve supply chain and critical supply of several critical products and services. However, the imposition of lockdown by several state governments has resulted in a labor shortage in the food &beverages, pharmaceuticals, medical, and chemicals industries, among others. Hence, suspension of operations and travel bans has led to reduction in companies’ operations across the tactile printing value chain. All these factors impacted the tactile market growth in early 2021 in a negative manner and are anticipated to have some effect in coming few quarters also. However, with continuous efforts by companies and industries to improve supply chains and daily business operations, the market anticipated to grow at a steady pace over the forecast period from 2021 to 2028.
Market Overview and Dynamics
The tactile printing market in North America is expected to grow from US$ 375.73 million in 2021 to US$ 623.54 million by 2028; it is estimated to grow at a CAGR of 7.5% from 2021 to 2028. The National Braille Press (Boston), LightHouse of San Francisco, and University of Alabama (Huntsville) formed the Accessible Graphics Consortium (AGC), in 2021, to form a collaboration of a community of university researchers, teachers, and organizations engaged in offering common and standardized tactile graphics for visually impaired people. The aim of the consortium is to confer greater tactile graphic literacy through curriculum development, research, and improved production methods. It would analyze, collect advance, and disseminate best practices to the visually disabled community while focusing on recognized program for training tactile graphics in the stream of science, technology, engineering, arts, math (STEAM). The AGC would also form an Advisory Group to support these initiatives. The new consortium will work together to bring a unified approach for producing, teaching, and learning tactile graphics. Furthermore, developing countries lack the facilities and access to technology to assist the visually impaired community. Thus, increasing awareness about the advantages of tactile printing would boost the manufacturing of tactile printers to generate tactile graphics for various sectors. Such initiatives are likely to provide improved access through tactile graphics to the community of visually impaired people, thereby providing new opportunities for the growth of tactile printing market players.
Key Market Segments
The North America tactile printing market is segmented into application, end-user, and country. Based on application, the North America 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 North America tactile printing market is segmented into braille users, industrial sector, and government & defense sector. Industrial segment held a substantial market share in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the tactile printing market in North America 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.; Rink Printing Company; Roland DG Corporation; and ViewPlus Technologies Inc.
Reasons to buy report
North America Tactile Printing Market Segmentation
North America Tactile Printing Market - By Application
North America Tactile Printing Market - By End Use
North America Tactile Printing Market - By Country
North America Tactile Printing Market - Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 375.73 Million |
| Market Size by 2028 | US$ 623.54 Million |
| CAGR (2021 - 2028) | 7.5% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Application
|
| Regions and Countries Covered |
North America
|
| Market leaders and key company profiles |
|
The North America Tactile Printing Market is valued at US$ 375.73 Million in 2021, it is projected to reach US$ 623.54 Million by 2028.
As per our report North America Tactile Printing Market, the market size is valued at US$ 375.73 Million in 2021, projecting it to reach US$ 623.54 Million by 2028. This translates to a CAGR of approximately 7.5% during the forecast period.
The North 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 North America Tactile Printing Market report:
The North America Tactile Printing Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Tactile Printing Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Tactile Printing Market value chain can benefit from the information contained in a comprehensive market report.
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