Functional Printing Market Share, Growth, Opportunities 2031

Segments - 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

Author : Raksha Sharma

Fact-checked by : Vineet Pandey

Editor : Shruti Bhat

Report Description

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 Market Key Takeaways

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

Functional Printing Market By Applications

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.

Functional Printing Market By Key Players

Table Of Content

1. Executive Summary
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 (000â€™ 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