Screen Printing Market Size, Share, Trends | 2032

Report Description

Screen Printing Market Outlook 2032

The global screen printing market size was USD 3.6 Billion in 2023 and is projected to reach USD 11.48 Billion by 2032, expanding at a CAGR of 15.6% during 2024–2032. The market growth is attributed to the rising investments in promotional and advertising materials and the expansion of end-use industries.

Screen printing, a versatile and widely utilized printing technique, involves transferring ink through a mesh screen onto a substrate to create vibrant and durable designs. Screen printing has become indispensable in numerous applications due to its ability to print on diverse materials, such as paper, textiles, plastics, glass, and metals. The screen printing market is anticipated to grow significantly due to its adaptability and cost-effectiveness. The rising demand for customized products, such as bottles, banners, flex, and shirts, fuels the market. For instance,

• In December 2023, Fujifilm Integrated Inkjet Solutions launched the 46kUV Inkjet Printbar System, a comprehensive print solution tailored for industrial production settings, allowing printing on diverse labels and packaging materials. The system is engineered with a drop-on-demand design, which achieves printing speeds of up to 500 feet per minute, enhancing workflow efficiency. The system is capable of meeting a broad range of label quality standards.

Collaboration and partnerships between screen printing companies, manufacturers, and suppliers are becoming increasingly common, as businesses seek to take advantage of strengths and capabilities of each other. Strategic alliances enable companies to access new marketplaces, technologies, and resources, fostering innovation and competitiveness in the screen printing industry.

Get Free Sample Report

Impact of Artificial Intelligence (AI) on the Screen Printing Market

Artificial intelligence (AI) is revolutionizing the screen printing market by enhancing efficiency, accuracy, and customization. AI algorithms analyze customer preferences and historical data to generate personalized designs quickly and effectively. Additionally, AI-powered automation streamlines the production process, reduces manual labor, and minimizes errors. Quality control is improved through an AI-driven inspection system, which identifies defects and inconsistencies in prints with greater accuracy than human inspection.

Screen Printing Market Dynamics

Get Free Sample Report

Major Drivers

Growing customization in printing is driving the global screen printing market. Screen printing offers a versatile solution for customization across various industries, ranging from apparel and textiles to signage and packaging. Thus, the rising demand for customized products, including bottles, shirts, and banners, across various industries propels the market. Screen printing allows easy customization of designs, colors, and patterns, enabling businesses to cater to individual preferences effectively.

Rising demand for promotional and advertising materials is fueling the market. Growing investments by businesses in marketing efforts result in increased demand for promotional items, such as branded merchandise, banners, posters, and signage. However, screen printing is a cost-effective method for producing these materials in bulk quantity.

Availability of a wide range of printable substrates is driving the market. Screen printing is applied to a diverse range of substrates, including paper, fabric, plastics, glass, ceramics, and metals, which is becoming a popular choice among customers. This versatility makes it a preferred choice for many applications across different industries.

Existing Restraints

Rising competition from digital printing industry hampers the market. The rise of digital printing technologies, such as inkjet and laser printing, poses a challenge to traditional screen printing methods. Digital printing requires low setup costs, and offers fast turnaround times and great design flexibility, which reduces the demand for screen printing.

Increasing environmental concerns associated with screen printing hamper the market. Traditional screen printing processes often involve the use of solvents, chemicals, and inks that are harmful to the environment. Increasing environmental regulations and consumer preferences for eco-friendly products are driving the adoption of sustainable printing practices, which decreased the demand for screen printing.

High initial setup costs hinder the market. Screen printing requires significant investments in equipment, screens, inks, and setup processes. These upfront costs create barriers for small businesses and new entrants, limiting market entry and expansion.

Emerging Opportunities

­Growing advancements in printing technology are expected to create lucrative opportunities in the market in the coming years. Continuous innovations in screen printing technology, including improved ink formulations, precision machinery, and digital integration, enhance the efficiency, quality, and capabilities of screen printing processes with high-definition screens. UV-curable inks and automated printing systems offer enhanced precision, efficiency, and quality in the printing process. These advancements are crucial in high-value applications requiring intricate designs and fine details. For instance,

• In December 2022, researchers from the Indian Institute of Technology (IIT) Roorkee introduced a water-based edible ink derived from plants, specifically catechu. This ink is a sustainable alternative to synthetic variants, as it is environmentally friendly, non-toxic, and suitable for various printing and packaging applications.

Growing demand for customized products across various industries, including apparel, signage, and promotional items, presents immense opportunities in the screen printing market. Screen printers cater to individual customer preferences and create unique one-of-a-kind products by leveraging digital workflow systems and variable data printing capabilities.

Expanding the area of applications of screen printing creates new opportunities in the market. Screen printing is increasingly being used for functional and specialty applications beyond traditional graphics and textiles. Opportunities exist in printing conductive inks for electronics, functional coatings for automotive and industrial components, and specialty effects such as textured finishes and tactile enhancements. These applications require specialized expertise and equipment, positioning screen printers as valuable partners in emerging markets.

Increasing emphasis on sustainable and eco-friendly practices presents opportunities in the market, as it encourages industries to adopt green printing technologies and materials. Water-based inks, solvent-free processes, and recyclable substrates are gaining traction as environmentally friendly alternatives to traditional screen printing methods. Screen printing companies are adopting environmentally friendly inks, substrates, and production processes to minimize their carbon footprint and meet regulatory standards, aligning with the preferences of consumers for sustainable products.

Rising integration of digital printing technologies with traditional screen printing processes creates immense opportunities in the market, as it enables hybrid printing solutions that combine the benefits of both technologies. Hybrid printing technology is cost-effective, offers enhanced flexibility, and allows customization. Screen printers expand their service offerings and address evolving market demands effectively by embracing digital integration.

Scope of the Screen Printing Market Report

The market report includes an assessment of the market trends, segments, and regional markets. Overview and dynamics are included in the report.

Screen Printing Market Segment Insights

Printing Technique Segment Analysis

On the basis of printing technique, the global market is segregated into flatbed screen printing, rotary screen printing, cylinder screen printing, and others. The flatbed screen printing segment held a large market share in 2023 due to its versatility, suitability for a wide range of substrates, and cost-effectiveness. Flatbed screen printing machines have fast production speed, enhanced precision, and automated processes. Thus, many businesses across various sectors are adopting this technology to meet their printing needs, which further propels the segment.

The rotary screen printing segment is anticipated to expand at a substantial CAGR during the forecast period owing to the increasing demand for high-speed and high-volume printing, especially in the textile and packaging industries. Additionally, advancements in rotary screen printing technology, such as improved registration accuracy and ink efficiency, contribute to segmental growth.

Get Free Sample Report

Ink Type Segment Analysis

Based on ink type, the screen printing market is segmented into water-based ink, plastisol ink, solvent-based ink, UV-curable ink, and others. The water-based ink segment dominated the market in terms of revenue generation in 2023 due to increasing environmental concerns, regulations promoting eco-friendly printing practices, and growing consumer preference for sustainable products.

The UV-curable ink segment is projected to register a robust growth rate during the assessment years owing to its fast-curing time, ability to print on a wide range of substrates, and superior adhesion properties, making it suitable for various applications, such as packaging, textiles, and electronics.

Substrate Segment Analysis

On the basis of substrate, the market is divided into paper & cardboard, plastics, metals, glass, textiles, ceramics, and others. The plastics segment accounted for a major share of the market in 2023 owing to its widespread use in various industries, such as packaging, automotive, and electronics, coupled with the versatility and cost-effectiveness of screen printing on plastic substrates.

The textiles segment is expected to dominated the market in terms of revenue generation during the projection period due to the growing demand for customized apparel, home textiles, and promotional merchandise. The segment growth is further attributed to the advancements in textile printing technology, enhancing the quality and efficiency of screen printing on various fabrics.

Get Free Sample Report

End-use Industry Segment Analysis

Based on end-use industry, the market is divided into textile & apparel, advertising & graphics, electronics & electrical, packaging, automotive, industrial, and others. The packaging segment held a key share of the market in 2023 due to the increasing demand for customized packaging solutions across various sectors, such as food & beverage, pharmaceuticals, and consumer goods, where screen printing is widely used for branding, labeling, and product differentiation. For instance,

• In September 2022, Gallus introduced its fully digital label printing system, emphasizing technological advancements in the label printing sector. The system highlights its commitment to label solutions innovation.

The advertising & graphics segment is expected to expand at a significant CAGR during the projection period owing to the growing need for visually appealing signages, banners, and promotional materials in retail, events, and advertising campaigns. The versatility, customization capabilities, and cost-effectiveness of screen printing make it suitable for producing advertising materials in high-quality graphics.

Regional Outlook

In terms of region, the global screen printing market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America held a major market share in 2023 due to rapid industrialization, increasing urbanization, and the presence of a large number of manufacturing industries. The increasing popularity of e-commerce, rising demand for customized products, and the expansion of the automotive industry are driving the market in the region. For instance,

• On December 12, 2023, Nazdar Ink Technologies, a key manufacturer of UV, water-based, and solvent-based printing inks, announced an exclusive development and OEM supplier agreement with M&R Printing Equipment, a major manufacturer of printed apparel decorating equipment in North America. The partnership aims to enhance the POLARIS high-speed industrial direct-to-garment (DTG) printing system and the QUATRO direct-to-film (DTF) transfer printer of M&R Printing Equipment.

The market in Asia Pacific is expected to expand at a rapid pace during the forecast period due to the ongoing investments in manufacturing infrastructure, rising consumer demand for printed products, and technological advancements in printing equipment. Additionally, expanding applications of screen printing in industries such as electronics, healthcare, and construction are anticipated to fuel the demand for screen printing in the region. Countries such as China, India, Japan, and South Korea have emerged as key contributors to the growth of this industry in the region.

Get Free Sample Report