Functional Printing Market by Types (Screen Printing, Gravure Printing, Flexography, Inkjet Printing, and Others), Applications (Sensors, Displays, Batteries, RFID Tags, Lighting, Photovoltaic, and Others), and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa)- Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
The global functional printing market size was USD 13.7 Billion in 2020 and is expected to expand at a CAGR of 21.5% during the forecast period, 2021-2028. The growth of the market is attributed to the increasing demand for a variety of low-cost electronic commodities. Moreover, increasing number of printing technologies and advancement in the same are driving the market growth.
Functional printing is a production process that deposits a functional material in a controlled and selective pattern on a material. The existing printing technologies are not only used for printing graphics, but also have extended their application for printing electronic components and are used for functional printing. It is used for a number of novel applications such as production of photovoltaic, OLED displays, sensors, RFID, batteries, and OLED lighting.
Market Drivers, Restraints, Trends, and Opportunities
- The deployment of low cost manufacturing process is expected to propel the market growth.
- The COVID-19 pandemic had resulted in the halt of production activities. However, the market is expected to recover soon.
- Limitations of electrically functional inks cam restraint the growth of the market. However, the technologically advancements can break the limitation, creating lucrative opportunities for industry players in the market.
Scope of the Report
The report on the global functional printing market includes an assessment of the market, trends, segments and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Functional Printing Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2020 |
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Historic Data |
2018–2019 |
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Forecast Period |
2021–2028 |
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Segmentation |
Type (Screen Printing, Gravure Printing, Flexography, Inkjet, Others), Application (Sensors, Displays, Batteries, RFID Tags, Lighting, Photovoltaic, Others) |
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Regional Scope |
North America, Latin America, Europe, Asia Pacific and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
GSI technologies, Eastman Kodak Company, Mark Andy Inc, Toppan Printing Co.Ltd, BASF SE, DuPont, KovioInc, Toya Ink International Corp, Vorbeck Materials, Haiku Tech, Xaar, Avery Dennison, Blue spark Technologies Inc, and Universal Display Corporation |
Global Functional Printing Market Segment Insights
Inkjet printing segment to account a large market share
Based on type, the market is divided as screen printing, gravure printing, flexography, inkjet printing, and others. The inkjet printing segment is expected to account for large market share and is expected to expand at a CAGR of 5.3% during the forecast period. This is attributed to the low cost, easy usability, high quality of output, and its ability to print intricate details.
Lighting and displays segments to account a significant market share.
Based on application, the market is classified as sensors, displays, batteries, RFID tags, lighting, photovoltaic and others. The lighting and displays segment are expected to account for a significant market share during the forecast period. The display and lighting markets have realized the potentials of OLED technology, which are driving the growth of these segments. Moreover, growing number of OLED technology is expected to propel the segments growth.
North America to hold a major market Share
Based on regions, the market is divided into North America, Latin America, Europe, Asia Pacific and Middle East & Africa. North America is projected to hold a major market share owing to the increasing adoption of near-field communication (NFC) technology. The market in Asia Pacific is anticipated to exhibit a high CAGR owing to increasing investment in the functional printing market from countries such as India and China. Moreover, the implementation of low-manufacturing processes is expected to drive the market growth in the region.
2. Assumptions and Acronyms Used
3. Research Methodology
4. Functional Printing Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Functional Printing Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Functional Printing Market - Supply Chain
4.5. Global Functional Printing Market Forecast
4.5.1. Functional Printing Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Functional Printing Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Functional Printing Market Absolute $ Opportunity
5. Global Functional Printing Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Functional Printing Market Size and Volume Forecast by Types
5.3.1. Screen Printing
5.3.2. Gravure Printing
5.3.3. Flexography
5.3.4. Inkjet
5.3.5. Others
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Functional Printing Market Analysis and Forecast by Applications
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Applications
6.2.2. Y-o-Y Growth Projections by Applications
6.3. Functional Printing Market Size and Volume Forecast by Applications
6.3.1. Sensors
6.3.2. Displays
6.3.3. Batteries
6.3.4. RFID Tags
6.3.5. Lighting
6.3.6. Photovoltaic
6.3.7. Others
6.4. Absolute $ Opportunity Assessment by Applications
6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Functional Printing Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Functional Printing Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Functional Printing Demand Share Forecast, 2019-2026
8. North America Functional Printing Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Functional Printing Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Functional Printing Market Size and Volume Forecast by Types
8.4.1. Screen Printing
8.4.2. Gravure Printing
8.4.3. Flexography
8.4.4. Inkjet
8.4.5. Others
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Functional Printing Market Size and Volume Forecast by Applications
8.7.1. Sensors
8.7.2. Displays
8.7.3. Batteries
8.7.4. RFID Tags
8.7.5. Lighting
8.7.6. Photovoltaic
8.7.7. Others
8.8. Basis Point Share (BPS) Analysis by Applications
8.9. Y-o-Y Growth Projections by Applications
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Functional Printing Demand Share Forecast, 2019-2026
9. Latin America Functional Printing Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Functional Printing Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Functional Printing Market Size and Volume Forecast by Types
9.4.1. Screen Printing
9.4.2. Gravure Printing
9.4.3. Flexography
9.4.4. Inkjet
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Functional Printing Market Size and Volume Forecast by Applications
9.7.1. Sensors
9.7.2. Displays
9.7.3. Batteries
9.7.4. RFID Tags
9.7.5. Lighting
9.7.6. Photovoltaic
9.7.7. Others
9.8. Basis Point Share (BPS) Analysis by Applications
9.9. Y-o-Y Growth Projections by Applications
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Functional Printing Demand Share Forecast, 2019-2026
10. Europe Functional Printing Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Functional Printing Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Functional Printing Market Size and Volume Forecast by Types
10.4.1. Screen Printing
10.4.2. Gravure Printing
10.4.3. Flexography
10.4.4. Inkjet
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Functional Printing Market Size and Volume Forecast by Applications
10.7.1. Sensors
10.7.2. Displays
10.7.3. Batteries
10.7.4. RFID Tags
10.7.5. Lighting
10.7.6. Photovoltaic
10.7.7. Others
10.8. Basis Point Share (BPS) Analysis by Applications
10.9. Y-o-Y Growth Projections by Applications
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Functional Printing Demand Share Forecast, 2019-2026
11. Asia Pacific Functional Printing Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Functional Printing Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Functional Printing Market Size and Volume Forecast by Types
11.4.1. Screen Printing
11.4.2. Gravure Printing
11.4.3. Flexography
11.4.4. Inkjet
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Functional Printing Market Size and Volume Forecast by Applications
11.7.1. Sensors
11.7.2. Displays
11.7.3. Batteries
11.7.4. RFID Tags
11.7.5. Lighting
11.7.6. Photovoltaic
11.7.7. Others
11.8. Basis Point Share (BPS) Analysis by Applications
11.9. Y-o-Y Growth Projections by Applications
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Functional Printing Demand Share Forecast, 2019-2026
12. Middle East & Africa Functional Printing Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Functional Printing Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Functional Printing Market Size and Volume Forecast by Types
12.4.1. Screen Printing
12.4.2. Gravure Printing
12.4.3. Flexography
12.4.4. Inkjet
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Functional Printing Market Size and Volume Forecast by Applications
12.7.1. Sensors
12.7.2. Displays
12.7.3. Batteries
12.7.4. RFID Tags
12.7.5. Lighting
12.7.6. Photovoltaic
12.7.7. Others
12.8. Basis Point Share (BPS) Analysis by Applications
12.9. Y-o-Y Growth Projections by Applications
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Functional Printing Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Functional Printing Market: Market Share Analysis
13.2. Functional Printing Distributors and Customers
13.3. Functional Printing Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. GSI technologies
13.4.2. Eastman Kodak Company
13.4.3. Mark Andy Inc
13.4.4. Toppan Printing Co. Ltd
13.4.5. BASF SE
13.4.6. DuPont
13.4.7. KovioInc
13.4.8. Toya Ink International Corp
13.4.9. Vorbeck Materials
13.4.10. Haiku Tech
13.4.11. Xaar
The global functional printing market has been segmented on the basis of
Type
- Screen Printing
- Gravure Printing
- Flexography
- Inkjet
- Others
- Sensors
- Displays
- Batteries
- RFID Tags
- Lighting
- Photovoltaic
- Others
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
- GSI technologies
- Eastman Kodak Company
- Mark Andy Inc
- Toppan Printing Co. Ltd
- BASF SE
- DuPont
- KovioInc
- Toya Ink International Corp
- Vorbeck Materials
- Haiku Tech
- Xaar
- Avery Dennison
- Blue spark Technologies Inc
- Universal Display Corporation
The functional printing market is highly competitive and consists of several major players. These companies are serving numerous industrial sectors, including printing, materials, and electronics. They are engaging in partnerships, acquisitions, mergers, and R&D activities to leverage their market position.
Some of the leading manufacturers in the global functional printing market are GSI technologies, Eastman Kodak Company, Mark Andy Inc, Toppan Printing Co. Ltd, BASF SE, DuPont, KovioInc, Toya Ink International Corp, Vorbeck Materials, Haiku Tech, Xaar, Avery Dennison, Blue spark Technologies Inc and Universal Display Corporation.
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