Plastic card materials Market to Grow with a CAGR of 6.32% through 2030
Expansion in Financial Services and Banking Sector and Rise of E-Commerce and Cashless Transactions are expected to drive the Global Plastic Card Materials Market growth in the forecast period, 2026-2030
According to TechSci Research report, “Plastic Card
Materials Market – Global Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2030F”, the Global Plastic Card Materials
Market stood at USD 696.95 Million in 2024 and is anticipated to grow with a
CAGR of 6.32% in the forecast period.
The global expansion of mobile services, particularly in emerging markets, continues to drive robust demand for plastic SIM cards, which are primarily manufactured from PVC and composite materials. With a growing base of billions of mobile users and ongoing investments in 4G and 5G infrastructure, telecom providers are issuing SIM cards at scale, directly increasing the consumption of plastic card materials. The rise in mobile number portability, coupled with consumers using multiple devices, has led to a surge in the distribution of multi-SIM kits, further intensifying material requirements within the telecom segment.
Organizations across sectors including corporate enterprises, universities, hospitals, and urban transit systems are increasingly deploying smart cards for identity verification, secure access, ticketing, and data authentication. These applications demand high-performance materials that can endure heat, lamination, wear and tear, and integrate advanced functionalities. The adoption of contact and dual-interface smart cards in settings such as metro rail systems, office campuses, and academic institutions is accelerating the use of engineered plastic substrates like ABS and polycarbonate, which support enhanced durability and embedded security features. Heightened environmental awareness and regulatory pressure are prompting a strategic pivot toward sustainable card solutions. Financial institutions and fintech firms are leading this transition by introducing eco-friendly payment cards made from recycled PVC (rPVC), ocean-bound plastics, and bio-based alternatives such as PLA.
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Plastic Card Materials Market”
Global Plastic Card Materials Market is segmented
into material type, type of card, application, regional distribution, and
company
Based on its application, the BFSI segment held the
largest share in the market. The BFSI sector accounts for the highest volume of plastic card issuance globally, with billions of cards in circulation. These include EMV chip-enabled credit and debit cards, contactless tap-to-pay cards, co-branded retail finance cards, and prepaid instruments for digital and in-store use. The routine replacement cycle due to card expiration, upgrades to contactless formats, or reissues for security reasons continues to fuel high-volume material consumption. Financial inclusion initiatives in emerging economies (e.g., India, Indonesia, Nigeria) have led to mass issuance of no-frills banking cards, further expanding demand.
The BFSI segment is at the forefront of the transition toward contactless payments and dual-interface card technologies, which require enhanced materials that support chip embedding, antenna integration, and greater durability under repeated use. These innovations demand multi-layer plastic substrates that are both tamper-resistant and secure, making engineered materials like polycarbonate and high-grade PVC essential for card production. Banks are also increasingly investing in biometric-enabled cards, which require highly specialized material support. Financial cards are subject to strict regulatory and security standards, such as EMVCo, PCI-DSS, and ISO certifications. This drives the need for materials with precise performance specifications—in terms of heat resistance, card thickness consistency, and print fidelity to enable secure personalization and encryption. As fraud prevention measures intensify globally, the BFSI sector’s requirement for reliable, secure card materials continues to rise, reinforcing its leadership position.
Based on region, North America is poised to witness the fastest growth in the Global Plastic Card Materials Market, driven by a combination of technological advancement, accelerated adoption of contactless payments, regulatory shifts, and the rapid expansion of digital banking and fintech ecosystems. While the region is already highly mature in terms of card usage, evolving consumer behavior and infrastructure modernization are creating fresh demand for next-generation card materials that support enhanced security, durability, and sustainability. North America particularly the United States and Canada has seen a dramatic increase in the adoption of contactless and EMV-compliant cards in recent years. With over 300 million contactless cards issued in the U.S. alone by the end of 2023, the demand for materials that can support dual-interface chips, NFC antennas, and high-wear resistance has intensified. Financial institutions are actively replacing legacy magnetic stripe cards with advanced, chip-enabled plastic cards, requiring more robust substrates such as polycarbonate and composite PVC. This transition cycle is expected to sustain high material consumption through the forecast period.
North America is a hub for digital banking and fintech innovation, with a growing number of challenger banks, neobanks, and mobile payment platforms issuing physical companion cards for account access and retail use. These fintech players prioritize customization, rapid deployment, and high visual quality, which drives demand for specialty plastic card materials capable of supporting premium finishes, biometric elements, and eco-friendly branding. The growing issuance of co-branded and prepaid cards by fintech platforms is expanding material consumption across new customer segments, including the underbanked.
Major companies operating in Global Plastic Card
Materials Market are:
- Eastman Chemical Company
- PetroChina Company Limited
- Solvay S.A.
- KEM ONE
- SABIC
- 3A Composites GmbH
- Teijin Limited
- LG Chem
- BASF SE
- Westlake Chemical Corporation.
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“The Global Plastic Card Materials Market is poised for sustained growth, driven by the rising demand for secure, durable, and versatile card solutions across banking, telecommunications, retail, government, and healthcare sectors. Despite the growing influence of digital alternatives, physical plastic cards continue to play a vital role in enabling seamless access, payments, and identification particularly in regions with strong infrastructure and evolving regulatory frameworks. As market dynamics shift toward eco-friendly innovations and smart card technologies, manufacturers and material suppliers that prioritize sustainability, compliance, and performance will be best positioned to capitalize on emerging opportunities and reinforce their competitive edge in the global landscape.,” said Mr.
Karan Chechi, Research Director with TechSci Research, a research-based
management consulting firm.
“Plastic Card Materials Market - Global Industry Size, Share, Trends, Opportunity & Forecast, Segmented By Material Type (Polyvinyl Chloride (PVC), Polycarbonate (PC), Acrylonitrile Butadiene Styrene (ABS), Polyethylene Terephthalate-Glycol (PETG), Others), By Type of Card (Contact Cards, Contactless Cards, Multi-Component Cards), By Application (BFSI, Healthcare, Retail, Government, Others), By Region & Competition, 2020-2030F”, has evaluated
the future growth potential of Global Plastic Card Materials Market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Plastic Card Materials Market.
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