Rewritable PVC Cards Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Rewritable PVC Cards Market

Rewritable PVC Cards Market: Overview

The rewritable PVC cards are commonly used for the making of the credit/debit cards, access cards, identification, membership cards, and much more. Producing the cards with the use of the PVC enables durability and longevity. The rewritable PVC cards are ideal for the applications that are time-sensitive or changes often.

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Rewritable PVC Cards Market: Facts

A blank rewritable card has a layer of thermosensitive material which is applied to the substrate as a plastic layer. The commonly used substrates are PET for (0.25mm) 10 mil cards and PVC for (0.76mm) 30 mil cards. The PVC cards can be added with contactless chips and magnetic stripes in order to support the advanced applications.

Rewritable PVC Cards Market: Segmentation

The global market for the rewritable PVC cards is fragmented into its application and the end-user industry. On the basis of application, the global market is segregated into membership cards, ID card, business card, and others. On the basis of the end-user industry, the market is categorized into entertainment, hospitality, and safety & security.

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Rewritable PVC Cards Market: Growth Factors

The key factor that is driving the rewritable PVC cards market is its increased use in the shopping cards, id proof, and others. In order to eliminate the risk of carrying cash, there has been an increased use of the rewritable PVC cards. These rewritable PVC cards are linked to the single account of the user and can be recharged whenever necessary thus these cards are good to use and it is accepted everywhere. Another factor that is driving the growth of the market is the increasing admissions in the schools and the universities as the rewritable PVC cards are also used in making of the ID cards. There has been a growth in the large official infrastructures and the real estate which increases the requirement for the security and safety thus increasing the demand for the rewritable PVC cards as they are utilized in creating various types of exit and entry passes. In the developing and the underdeveloped regions, the consumers do not have knowledge about all these technologies thus limiting the growth of the market.

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Rewritable PVC Cards Market: Regional Analysis

A healthy growth of the rewritable PVC cards market is expected in the North American region owing to the increase in the adoption rate of the rewritable PVC cards. Furthermore, in the North American region, there are constant technology altercation and innovation being carried out for the development of the rewritable PVC cards so that they become more efficient and user-friendly. The region that holds the second position in the market is Western Europe owing to the wide adoption of this technology in order to meet several requirements. The market is developing at a significant rate in the Eastern Europe and Asia Pacific region.

Rewritable PVC Cards Market: Competitive Players

The key market players that are involved in the rewritable PVC cards market include ID Card Group, AlphaCard, Shenzhen SMART ONE Technology Company Limited among others.

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