The global card making PVC material market scaled from USD 1.05 billion in 2020 to USD 1.25 billion by the end of 2024 and is projected to reach USD 1.81 billion by 2032, at a CAGR of 4.7% over the forecast period, according to PW Consulting. Card making PVC material is the rigid PVC sheet used to produce identity, payment, access and membership cards.

Card making PVC material serves as the core substrate for bank cards, ID cards, smart cards and loyalty cards, and as the printable and laminatable layer in contactless and RFID card applications. Demand is tied to the expansion of smart card and payment systems, the growth of identity and access control, and the rising use of PVC card stock for durable, printable credentials. Asia-Pacific is the fastest-growing region, supported by extensive banking, identity and retail card programs in China, India and Southeast Asia.

North America and Europe sustain steady demand in premium payment and identity card applications. Continued smart card and identity growth positions card making PVC material as a steadily advancing rigid PVC specialty substrate.