Covid-19 pandemic cuts demand for plastic cards • NFCW

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By Tom Phillips ^[2] • 4 February 2021 • Updated 4 February 2021 • nfcw.com ^[3]

The total value of the global plastic cards market has fallen by US$3bn over the course of the Covid-19 pandemic, with the number manufactured worldwide falling by 19.7% from 37.1bn in 2019 to 29.8bn in 2020, according to the International Card Manufacturers Association ^[4] (ICMA).

The ICMA’s 2020 Global Card Market and Personalization and Fulfilment Statistics reports reveal that the total revenue from cards manufactured, personalised and fulfilled across the globe decreased by 10.8% from US$27bn in 2019 to US$24bn in 2020.

The reports also provide more detailed statistics for individual sectors of the plastic cards market.

These show that, while the financial card market experienced a decrease in unit volume from 6.6bn in 2019 to 5.2bn in 2020, it was the only sector to see a revenue increase, up by 9% to US$4.2bn.

Market segments experiencing decreases in global revenue include transportation cards (down 36.2% to US$994m), gift cards (down 26.6% to US$328m), prepaid phone cards (down 20% to US$180m), SIM cards (down 15% to US$3.9bn), retail and gas cards (down 5.7% to US$1.2bn) and government/health cards (down 4.5% to US$4.6bn).

Regionally, Asia Pacific has the largest share of the industry at 41%, followed

Covid-19 pandemic cuts demand for plastic cards • NFCW

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