Functional Printing Market Size
Functional Printing Market was valued at over USD 15 billion in 2023 and is estimated to register a CAGR of over 21.5% between 2024 and 2032.
To get key market trends
The spread of smart systems and Internet of Things (IoT) devices opens chances for functional printing technologies to support data collecting, sensing, and communication. Building IoT ecosystems for uses including smart homes, wearable devices, industrial automation, and environmental monitoring depends on printed sensors, antennas, and electronic components in great measure. Demand for functional printing solutions that allow smooth integration and wireless communication results from growing acceptance of IoT and smart devices. The demand for effective power solutions increases along with the IoT and wearable gadget sector.
| Report Attribute | Details |
|---|---|
| Base Year | 2023 |
| Functional Printing Market Size in 2023 | USD 15 Billion |
| Forecast Period | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR | 21.5% |
| 2032 Value Projection | USD 100 Billion |
| Historical Data for | 2021 – 2023 |
| No. of Pages | 250 |
| Tables, Charts & Figures | 307 |
| Segments covered | Material, Technology, Application |
| Growth Drivers |
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| Pitfalls & Challenges |
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What are the growth opportunities in this market?
Reaching high resolution and exact alignment throughout the printing process is one of the main technological restrictions in functional printing. This is absolutely important when building complex electrical circuits and components where exact material deposition is required to guarantee operation. Inadequate resolution or misalignment can cause the printed devices to work poorly or to fail totally. Finding materials that are not only resilient, flexible, and conductive but also compatible with one other and with different substrates presents a great difficulty. Effective and robust interfaces formed by materials used in functional printing help to guarantee that the final result performs as intended. Print quality and dependability also depend on problems with ink composition including viscosity and drying qualities.
Functional Printing Market Trends
Growing focus on sustainability inside the manufacturing sector drives the creation of environmentally friendly printing materials and processes. Because of its accuracy and capacity to deposit ingredients straight where needed, functional printing presents a means to lower material waste. Furthermore under investigation to improve environmental sustainability are the usage of organic and biodegradable ingredients for ink formulations.
Integrating artificial intelligence with functional printing is part of emerging trends to maximize printing techniques and create smart and flexible electronic parts. AI can be applied to raise the quality and functionality of printed components as well as to help forecast the behavior of printed electronics under different settings. Furthermore, additive manufacturing methods including 3D printing are progressively combining with functional printing methods to produce intricate, multi-material, and useful components. With better design freedom and less lead times, this approach helps to produce functional devices, end-use parts, and tailored prototypes.
Functional Printing Market Analysis
Learn more about the key segments shaping this market
With a share of more than 25% in 2023, the sector of inkjet printing dominated the global market based on technology. In printing a wide spectrum of functional materials onto many substrates, including paper, plastic, glass, textiles, and ceramics, inkjet printing provides adaptability and flexibility. This adaptability lets functional inks—such as dielectric inks, conductive inks, and functional fluids—be deposited to produce functional components and devices with many uses across sectors. Using computer-aided design (CAD) software, designers may generate and alter digital designs; subsequently, they can immediately print functional components and prototypes on-demand, thus lowering time-to--market and allowing customizing for particular applications and requirements, so promoting market development.
Learn more about the key segments shaping this market
From 2024 to 2032, the displays segment is predicted to have a CAGR of about 6.5% based on application; by 2032 it will reach USD 1.5 billion. Flexible and printed electronics in a variety of uses including displays, lights, sensors, and wearables are in increasingly sought for. Using both organic and inorganic electronic materials, functional printing technologies—inkjet printing, screen printing, gravure printing—allow the construction of flexible displays. Using conductive inks and encapsulating materials, functional printing technologies help to create e-paper and e-ink displays, thereby supporting the segment development.
Looking for region specific data?
With around 30% of the worldwide functional printing market dominated by North America, North America boasts a strong industrial and manufacturing foundation, advanced printing, electronics, materials science, and engineering capability. From automobile displays to healthcare sensors, RFID tags, and smart packaging, the manufacturing facilities of the area allow the manufacture of functional printing components, devices, and systems for many different sectors.
Furthermore helping functional printing technologies to expand the market in North America are established supply chains, logistics networks, and distribution channels. Customized and personalized goods in North America are in more and more demand in consumer, business, and industrial sectors. Functional printing methods let printed goods, devices, and packaging to be customized with original designs, branding, and features. By providing customized products, promotional materials, packaging, and labels that fit individual tastes, branding needs, and market trends, companies use functional printing solutions to offer market growth driving solutions.
Functional Printing Market Share
Altana AG and Eastman Kodak Company hold a share of over 2% in the functional printing industry. Altana AG holds a major market share in the functional printing business due to its specialized chemical formulations and high-performance coatings and compounds, particularly in conductive inks and functional coatings. Their innovative products are essential for producing printed electronics and other high-tech applications. Altana's strong focus on research and development, combined with a global distribution network, ensures their leadership in this niche market.
Eastman Kodak Company holds a significant market share in the functional printing market due to its pioneering technologies in printing and extensive expertise in chemical and material science. Kodak's advanced inkjet and flexographic printing solutions cater to high-demand applications like printed electronics and photovoltaics, leveraging their robust R&D capabilities and deep industry knowledge to innovate and deliver high-quality, functional printing solutions.
Functional Printing Market Companies
Major players operating in the functional printing industry are
- Altana AG
- Eastman Kodak Company
- Toyo Ink Sc Holding Co. Ltd
- BASF SE
- Avery Dennison Corporation
- E Ink Holdings Inc.
- Mark Andy Inc.
Functional Printing Marke News
- In May 2023, Eastman Kodak Company acquired Graphic Systems Services Inc., provider of web inkjet press transport systems and other print-related components and engineering services. With this acquisition Kodak expanded its inkjet press capabilities.
- In January 2022, Toyo Ink Sc Holding Co. Ltd installed a gravure ink factory at its Gujarat site along the western coast of India. The production plat is having a capacity of over 5,000 metric tons per annum which will further strengthen the company’s regional and global supply infrastructure.
This functional printing market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue (USD Million) from 2021 to 2032, for the following segments
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Market, By Material
- Substrate
- Glass
- Plastic
- Paper
- Silicon Carbide
- Gallium Nitride
- Others
- Inks
- Conductive Inks
- Dielectric Inks
- Graphene Inks
- Others
Market, By Technology
- Inkjet Printing
- Screen Printing
- Flexographic Printing
- Gravure Printing
- Others
Market, By Application
- Displays
- Sensors
- Photovoltaics
- Lighting
- Batteries
- RFID Tags
- Others
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- ANZ
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- MEA
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
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