PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1402641
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1402641
Global industrial screen printing market is estimated to be valued at US$ 695 Mn in 2023, and is projected to reach US$ 1,176.2 Mn by 2030, exhibiting a CAGR of 7.8% during the forecast period.
Report Coverage | Report Details | ||
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Base Year: | 2022 | Market Size in 2023: | US$ 695 Mn |
Historical Data for: | 2018 to 2021 | Forecast Period: | 2023 - 2030 |
Forecast Period 2023 to 2030 CAGR: | 7.80% | 2030 Value Projection: | US$ 1,176.2 Mn |
Industrial screen printing is a versatile and scalable printing technique that allows for precise transfer of images, logos, or designs onto a wide variety of substrates. It is a cost-effective process that can be adapted for high-volume production runs as well as shorter print jobs. Some key advantages of screen printing include its ability to print on uneven or three-dimensional surfaces, compatibility with various inks and substrates, and high durability of finished prints. Industries that heavily utilize screen printing include textiles, packaging, labels, printed electronics, and vehicle wraps. It is commonly used for printing on t-shirts, hats, jackets and various industrial applications like electronics components. The growing apparel and textiles industry coupled with the rise of custom and personalized products has been driving greater demand for screen printing. Additionally, advancements in screen printing technology like digital printing and industrial automation have made the process more efficient and suitable for high volume production runs. The market is expected to further gain traction with increasing applications in various end-user industries going forward.
Global industrial screen printing market growth is driven by increasing demand from the textile industry for screen printed apparel and accessories, growth in flexible packaging consumption, and rising applications in printed electronics. The advancements in screen printing technology including digital screen printing is expanding the capabilities and market potential. However, availability of alternative printing methods such as inkjet and laser printing poses a threat to market growth. Switching to eco-friendly water-based inks also presents an opportunity to improve sustainability.
Industrial Screen Printing Market Detailed Segmentation: