Global Composite Cans Market – Trends, Analysis and Forecast till 2029

Commercial or corporate cards are special type of cards that are used by the individuals for various purposes such as travel, business, and purchasing. These cards provide easy payment option to the user across the globe as compared to the traditional payment process such as by check or by cash payment. There are various types of commercial or corporate cards available in the market such as purchase cards, gift cards, travel and entertainment cards, and business cards along with closed loop or open loop card system

The major key factor driving growth of the global commercial or corporate cards market is increasing trend of digitalization among individuals in developed and developing countries across the globe. Also, rising business travel expenditure is another key factor expected to propel growth of the global market over the forecast period. Rising preference for electronic payment option due to its various features such as highly secure way of transaction, no need to carry cash, and instant money transfer is boosting growth of the global market. In addition, increasing awareness among working individuals, coupled with rising online transactions options for various type of payment process across the globe are major factors fueling growth of the global market. However, online banking application is one of the major restraints hindering growth of the global market. Moreover, restrictions on some type of cards for specific type of purchases, and spending limit on cards are major factors expected to hamper growth of the global market over the forecast period.

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The global commercial or corporate cards market is segmented based on product type, card type, application, and region.

On the basis of product type, the global market is segmented into business cards, purchase cards, gift cards, and travel & entertainment cards. Based on card type, the target market is segm

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