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Functional Printing Market Research Report - Forecast till 2027

Functional Printing Market Research Report, By Material (Substrates (Glass, Plastic, Paper, Silicon Carbide, Gallium Nitride, Others), Inks (Conductive Inks, Graphene Ink, Dielectric Inks, Others), Printing Technology (Inkjet Printing, Screen Printing, Gravure Printing, Flexography, Others) Application (Sensor, Display, RFID Tags, Lighting, Battery, Photovoltaic, Others) - Forecast till 2027

ID: MRFR/SEM/6506-HCR | December 2022 | Region: Global | 111 Pages         

Functional Printing Market

Functional printing market is expected to grow from USD 10.52 billion in 2018 to USD 30.27 Billion by 2024, at a compound annual growth rate (CAGR) of 19.26% during the forecast period.

Segmentation

Functional Printing Market, By Material Inks Substrates Printing Technology Screen Printing Gravure Printing Inkjet Printing Other Printing Technologies Flexography
Functional Printing Market, By Application Display Lighting Sensor Photovoltaic RFID Tags Battery Other Applications
By Region North America Europe Asia-Pacific and Rest of the World (RoW)

Key Players

  • HP Development Company
  • L.P. (US)
  • Haiku Tech (US)
  • Avery Dennison Corporation (US)
  • BASF SE (Germany)
  • Blue Spark Technologies (US)
  • Display Corporation (US)
  • E Ink Holdings Inc. (Taiwan)
  • Eastman Kodak Company Ltd (US)
  • Enfucell Oy (France) and GSI Technologies LLC (US) Isorg (France)
  • Mark Andy Inc. (US)
  • Nanosolar Inc. (US)
  • Novaled AG (Germany)
  • Optomec Inc. (US)
  • Toppan Forms Co. Ltd (Japan)
  • Toyo Ink Sc Holding Co. Ltd (US)
  • Vorbeck Materials Corporation (US)
  • Xennia Technology Limited (UK)
  • Xaar PLC (UK)

Drivers

  • The surge in demand for low-cost and high-speed manufacturing. Low energy consumption and material wastage in manufacturing create a minimum impact on the environment which drives the adoption of functional printing.
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Functional Printing Market Overview


Functional printing market is expected to grow from USD 10.52 billion in 2018 to USD 30.27 Billion by 2024, at a compound annual growth rate (CAGR) of 19.26% during the forecast period. The functional printing is useful for three dimensional purposes. It is a printing based on silicone. Printing any design on a material is possible with this printing. Industries have exceptional demand for the functional printing. The consumer electronics is a crucial end user of the market. There is variety of applications of this market.


Battery, sensor, display, lighting and photovoltaic are some of the crucial applications. There are plenty of benefits of functional printing. The high productivity and cost efficiency are some of the advantages. The performance and flexibility of the printing is exceptional. The drawbacks with normal printing are preventable with the functional printing. The companies with high manufacture speed can find the functional printing useful. Today, many companies are adapting to the functional printing.


The expansion of the functional printing market is rapid. The graphical effects of this functional printing are in 3D form. Unlike, normal printing the wastage of Ink is less. It makes the overall process of printing cost efficient. Screen printing is an exceptional quality of this market. There are services and product segment that is gaining more traction. Industrial printing is high in the developing regions. Due to this, demand from the developing economy will be high. Due to all these factors Functional Printing Market Value is immense.


COVID Analysis


The outbreak of covid 19 is bringing unprecedented changes in global markets. The disruption in the supply and demand is affecting the functional printing market demand. Massive disturbance in shipments are crucial challenges in this market. The functional printing market is facing few challenges. Functional printing market is slowing down. There is shutdown of industries in many regions. The lockdowns and restrictions are leading to industry shutdowns.


Due to these factors the functional printing activities are reducing. From 2020, there is a decline in the overall market demand. However from 2021 the market activities are resuming. There is expected to be massive industrialization in upcoming years. From 2022, the need for functional printing is high. The key sectors such as consumer electronics markets and other industries will have high demand.  The functional printing market scenario will be positive in next few years.


Market Dynamics



  • Crucial Market Drivers


The efficient features of the functional printing are a crucial driver. There are plenty of features of functional features beneficial for industries. Especially, the material wastage is less with the functional printing. Industries that are large scale suffer from high wastage in normal printing. However, with the functional printing there is reduction in expenses for the wastage.


Low energy consumption of the functional printing is a crucial driver. The functional printing can create 3D Prints with less energy. The energy bill of the industries is less with the functional printing. Further, the investments for this printing market are high in the emerging nations. The developing countries such as India, chain and Japan are having high scope. The awareness about the functional printing is high in this region. The adoption rate of the functional printing is massive in these regions.


The high adoption rate will contribute to high revenue rate. Further, environmental features of the functional printing are exceptional. Basically, printers have little harmful impact on the environment. Especially, the large scale printers have these problems. However, the functional printing is eco-friendly. Its less environmental impacts raise the overall demand rate in forecast period.



  • The Market Growth Opportunities


The technological advancements are will create exceptional growth opportunities in the functional printing market. There is much advancement in this market in next few years. Especially, the rising demand in the inkjet marker will create high scope. The inkjet is a multimillion market with many applications. The art printing, electronic printing and biochip production are possible with it. The technologies advancements in inkjet will lead to market expansion. The enhancements in run time, volume expansion, and productivity will create more growth possibilities.


The digital versatility and mobilization will create high scope. These factors will contribute to the expansion of the market. The demand for the sensors, displays and RFID will contribute to more growth. The exceptional screen printing techniques will gain more traction in upcoming years. All these factors will enhance the revenue and expansion rate of overall functional printing market. New printing methods will spark more demand among end users.



  • The Market Restraints


The complex printing methods is a restraint of the market. The functional printing can make copies very accurately. Only experts can handle it. Due to the high accuracy and complex printing there are chances for high mistakes. The sophisticated process of the functional printing can affect the growth of the functional printing market.


The lack of experts in some regions can cause plenty of declines in market adoption. In the forecast period, the factors can hinder the demand from key end users. With complex techniques errors can increase. All these factors can affect the overall expansion of the functional printing market.



  • The Market Challenge


The functional printing is a high end technology. The method and techniques of this printing is modern. There are fewer systems that support the printing. The less compatibility of this modern printing technique is a challenge. Many companies and industry use old systems. The transformation to new system can increase expenses of the company.


The less compatibility can decline the adoption rate. Further, the adoption rate of this market is less in forecast period. All these factors can impede with the overall growth rate of the functional printing market. Also, lack of proper raw materials is a persistent problem in this pandemic. For the next few years, the effects of covid 19 will continue for the market. All these challenges can affect the profitability.



  • Cumulative Growth Analysis


Functional Printing Market Trends are steady in the forecast period. The factors that drive market demand are the exceptional features of the functional printing. The low cost, high speed and performance are factors that drive demand of this market. There is less impact of the functional printing in the environment. There are plenty of benefits and ease of functional printing.


There are several segments in this market such as the plastics, silicone and paper. However, there are factors that act as barriers in the functional printing market. Complex printing methods are restraints in the market. Less compatibility of electronics systems is a challenge. Technological advancements in the market will create plenty of growth possibilities. Due to all these factors favourable changes will occur in this market.



  • Value Chain Analysis


North America holds the maximum Functional Printing Market share. There is continuous growth in this region. The awareness about the functional printing is high among the industries. There is high financial support for this market by the government. Technological advancements are massive in this region.


The rising demand for the NFC plays an exceptional to raise demand. The spending power of the market is high. Further, presence of key players benefits the market. There is continuous growth in terms of technology and product the growth is higher. WE and Canada are regions with high investment for the functional printing market.


Segment Overview


Functional Printing Market, By Material



  • Inks

  • Substrates

  • Printing Technology

  • Screen Printing

  • Gravure Printing

  • Inkjet Printing

  • Other Printing Technologies

  • Flexography


Functional Printing Market, By Application



  • Display

  • Lighting

  • Sensor

  • Photovoltaic

  • RFID Tags

  • Battery

  • Other Applications


By Region


The U.S.



  • Canada

  • North America

  • Mexico


Europe



  • the UK

  • France

  • Germany

  • Rest of Europe

  • Italy


Asia-Pacific



  • Japan

  • India

  • South Korea

  • China

  • Rest of Asia-Pacific

  • Latin America

  • the Middle East

  • LAMEA

  • Africa


Competitive Landscape


The competition in the functional printing market is high. The entrance of new key players will create high competition. Also, the price competiveness will grow. As per Functional Printing Market Analysis there will be many acquisitions, mergers and collaborations in the market.


Regional Analysis


The functional printing market is fragmented in Asia pacific, Europe and North America. North America is a leading region with high shares. There is high need for the functional printing. The investments for the market are massive. The Smartphone industry in the market is witnessing high growth. The presence of key players will is an advantage to the market.


Asia pacific is the next largest market high number of shares. The low cost printing abilities increases the demand. The countries such as India, Japan and china have high investments for this market. Europe is the next region with highest shares. There are plenty of factor that will favor market growth. All these factors will make these regional players more profitable.


The key players of the functional printing market are



  1. HP Development Company, L.P. (US)

  2. Haiku Tech (US)

  3. Avery Dennison Corporation (US)

  4. BASF SE (Germany)

  5. Blue Spark Technologies (US)

  6. Display Corporation (US)

  7. E Ink Holdings Inc. (Taiwan)

  8. Eastman Kodak Company Ltd (US)

  9. Enfucell Oy (France)

  10. GSI Technologies LLC (US)


Functional Printing Market Recent Developments



  1. The key players are developing communication devices that enable effortless functional printing.

  2. The key players are developing functional printing technology that can perform heavy duty.


Functional Printing Market Report Overview 



  1. Market Overview Highlights 

  2. Analysis Based Upon COVID 19

  3. Explanation upon the Market Dynamics

  4. Value Chain Analysis

  5. Market Segmentation Overview

  6. The Regional Analysis

  7. Competitive Landscape Analysis

  8. Recent Developments



Report Scope:

Report Attribute/Metric Details
  Market Size   USD 30.27 Billion
  CAGR   19.26%
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Material, Printing Technology, Application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors

  • HP Development Company, L.P. (US), Haiku Tech (US), Avery Dennison Corporation (US), BASF SE (Germany), Blue Spark Technologies (US), Display Corporation (US), E Ink Holdings Inc. (Taiwan), Eastman Kodak Company Ltd (US), Enfucell Oy (France) and GSI Technologies LLC (US)
  • Isorg (France), Mark Andy Inc. (US), Nanosolar Inc. (US), Novaled AG (Germany), Optomec Inc. (US), Toppan Forms Co. Ltd (Japan), Toyo Ink Sc Holding Co. Ltd (US), Vorbeck Materials Corporation (US), Xennia Technology Limited (UK), Xaar PLC (UK)
  •   Key Market Opportunities   With advances in printing technologies and the availability of low-cost materials associated with printing, the companies can achieve high-speed manufacturing at lower costs.
      Key Market Drivers

  • The surge in demand for low-cost and high-speed manufacturing.
  • Low energy consumption and material wastage in manufacturing create a minimum impact on the environment which drives the adoption of functional printing.


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    Frequently Asked Questions (FAQ) :

    The revenues of USD 10.52 billion in 2018 are expected to rise to USD 30.27 Billion by 2024.

    The North American region is expected to control the market due to signs of progress in several technologies and financial backing from the governments.

    Blue Spark Technologies (US), BASF SE (Germany), E Ink Holdings Inc. (Taiwan), Display Corporation (US), Eastman Kodak Company Ltd (US), Enfucell Oy (France) and GSI Technologies LLC (US) are the market contenders.

    The absence of a high level of accuracy is expected to lower the growth pace of the market.

    The breakthroughs in 3D printing are predicted to transform the market's potential.