Functional Printing Market Size (2024 - 2029)

The functional printing market is poised for significant expansion, driven by the increasing demand for affordable electronic products and the development of new printing technologies. This market's growth is supported by the ability to achieve high-speed manufacturing at low costs, along with reduced energy consumption and material wastage, which lessens environmental impact. However, the market faces challenges due to the limitations of current electrically functional inks. The COVID-19 pandemic has disrupted production and demand cycles, impacting the market's trajectory.

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Market Size of Functional Printing Industry

Functional Printing Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 21.59 %
Fastest Growing Market North America
Largest Market North America
Market Concentration Low

Major Players

Functional Printing Market Major Players

*Disclaimer: Major Players sorted in no particular order

Functional Printing Market Analysis

The functional printing market is expected to grow at a CAGR of 21.59% over the forecast period 2021 - 2026. Printing technologies are currently not specifically designed for applications in functional printing, leading various organizations to conduct extensive research in the development of new technologies for this purpose.

  • One of the major factors boosting the adoption of functional printing is the increasing demand for a variety of low-cost electronic commodities. With a broad range of printing technologies and materials available, various organizations can achieve high-speed manufacturing at low costs.
  • There is a considerable development for the promising future of functional printing, an evolving technology that has the potential to enable what is seen as the next wave, in high-volume electronic production.
  • Other significant factors supervising the growth of the functional printing market include lower energy consumption and material wastage, leading to a smaller impact on the environment, caused by the manufacturing of electronic devices. However, limitations of the electrically functional inks currently used for functional printing pose as a restraint in the growth of this market.
  • The pandemic COVID-19 has severely affected the global functional printing market. The economy has been affected due to the disturbance caused in the cycle of production and demand. The lockdown imposed across various countries is likely to bring a massive disturbance in the market.

Functional Printing Industry Segmentation

Functional printing is a process of forwarding functionality in 2-dimensional and 3-dimensional components based on silicon. It is utilized to print on diverse substrates, including paper and glass using inks and substrates. Some of the familiar applications are RFID tags, display, and sensors, which are likely to boost the market growth. Furthermore, it helps in depositing and controlling the desired pattern on the material.

Material
Substrates
Inks
Printing Technology
Inkjet Printing
Screen Printing
Gravure Printing
Flexography
Other Printing Technologies
Application
Sensor
Display
Lighting
Battery
Photovoltaic
RFID Tags
Other Applications
Geography
North America
Europe
Asia Pacific
South America
Middle East and Africa
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Functional Printing Market Size Summary

The functional printing market is poised for significant growth, driven by the increasing demand for cost-effective electronic products and the advancement of printing technologies. This sector is experiencing a surge in interest as organizations invest in research to develop new technologies tailored for functional printing applications. The market's expansion is further supported by the benefits of reduced energy consumption and material wastage, which contribute to a lower environmental impact in electronic device manufacturing. However, the market faces challenges due to limitations in the electrically functional inks currently available. The COVID-19 pandemic has disrupted global supply chains, impacting production and demand cycles, which has posed additional challenges to market growth.

Inkjet technology, initially used for office and graphic arts printing, has expanded into diverse applications such as product decoration, flat panel display fabrication, biochip production, and printable electronics, contributing to the market's robust growth. The technology's rapid turnaround times, flexibility, and ability to print variable data make it a valuable tool for print-service providers. The growing demand for near-field communication (NFC) and RFID technologies, particularly in North America, is expected to drive market growth, with these technologies being increasingly integrated into retail and supply chain management. The market is highly competitive, with major players like Eastman Kodak, BASF SE, and DuPont investing in innovative solutions through partnerships and acquisitions to maintain their competitive edge.

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Functional Printing Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Introduction to Market Drivers and Restraints

    3. 1.3 Market Drivers

      1. 1.3.1 Increasing Demand for Low Cost and High-speed Manufacturing

      2. 1.3.2 Simplified Additive Manufacturing and a Wide Range of Substrates

    4. 1.4 Market Restraints

      1. 1.4.1 Existing Technologies are not Suitable for Electronic Printing

    5. 1.5 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.5.1 Threat of New Entrants

      2. 1.5.2 Bargaining Power of Buyers/Consumers

      3. 1.5.3 Bargaining Power of Suppliers

      4. 1.5.4 Threat of Substitute Products

      5. 1.5.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Material

      1. 2.1.1 Substrates

      2. 2.1.2 Inks

    2. 2.2 Printing Technology

      1. 2.2.1 Inkjet Printing

      2. 2.2.2 Screen Printing

      3. 2.2.3 Gravure Printing

      4. 2.2.4 Flexography

      5. 2.2.5 Other Printing Technologies

    3. 2.3 Application

      1. 2.3.1 Sensor

      2. 2.3.2 Display

      3. 2.3.3 Lighting

      4. 2.3.4 Battery

      5. 2.3.5 Photovoltaic

      6. 2.3.6 RFID Tags

      7. 2.3.7 Other Applications

    4. 2.4 Geography

      1. 2.4.1 North America

      2. 2.4.2 Europe

      3. 2.4.3 Asia Pacific

      4. 2.4.4 South America

      5. 2.4.5 Middle East and Africa

Functional Printing Market Size FAQs

The Functional Printing Market is projected to register a CAGR of 21.59% during the forecast period (2024-2029)

Avery Dennison Corporation, BASF SE, Altana AG, Mark Andy Inc. and AGFA-Gevaert Corporation are the major companies operating in the Functional Printing Market.

Functional Printing Market Report Snapshots

Functional Printing Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)