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.
Attributes
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Details
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Report Title
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Functional Printing Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Type (Screen Printing, Gravure Printing, Flexography, Inkjet, Others), Application (Sensors, Displays, Batteries, RFID Tags, Lighting, Photovoltaic, Others)
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Regional Scope
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North America, Latin America, Europe, Asia Pacific and Middle East & Africa
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Report Coverage
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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
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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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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.

Segments
Segments Covered in the Report
The global functional printing market has been segmented on the basis of
Type
- Screen Printing
- Gravure Printing
- Flexography
- Inkjet
- Others
Applications
- Sensors
- Displays
- Batteries
- RFID Tags
- Lighting
- Photovoltaic
- Others
Regions
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Key players
- 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
Competitive Landscape
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.
