Functional Printing Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

Description

The functional printing industry is poised for significant growth over the next decade, with a forecasted surge from US$ 13 billion in 2024 to a staggering US$ 31 billion by 2031, according to the latest market analysis. This exponential growth, driven by a compound annual growth rate (CAGR) of 13.0%, reflects the rising demand for functional printing technologies across various sectors worldwide.

Inkjet Printing: A Cornerstone of Innovation

Inkjet printing remains at the forefront of technological innovation within the functional printing market. Its flexibility, durability, and cost-efficiency make it the preferred choice for a wide range of applications. With a projected CAGR of 11.1% over the next decade, inkjet printing is poised to maintain its dominance, catering to diverse industries from electronics to healthcare.

Unleashing the Potential of Functional Printing

Functional printing, characterized by its ability to imbue products with new functionalities through advanced printing processes, is hailed as the catalyst for the next wave in high-volume electronic production. By reducing material wastage, enhancing productivity, and offering cost efficiency, functional printing is revolutionizing manufacturing across sectors such as electronics, automotive, semiconductor, and healthcare.

Driving Forces Behind Market Growth

Several factors are propelling the surge in demand for functional printing technology globally. The increasing adoption of printed electronics and the proliferation of the Internet of Things (IoT) are key drivers fueling market expansion. Moreover, rising environmental concerns are amplifying the appeal of functional printing due to its ability to reduce material waste and energy consumption.

Market Trends and Opportunities

The market landscape is witnessing a plethora of trends and opportunities, including the high adoption of functional printing products across electronics and semiconductor sectors, rising demand for sensors, displays, and RFID tags, and growing awareness about the advantages of functional printing, among others. These trends underscore the immense potential for growth and innovation within the functional printing industry.

Challenges and Constraints

Despite its promising outlook, the functional printing industry faces challenges such as limited material options and competition from traditional manufacturing methods. The high upfront costs and the lack of standardization in technology and materials pose significant hurdles to market expansion.

Regional Insights: United States and China

The United States stands out as a prominent hub for functional printing suppliers due to several key factors. Firstly, it boasts a strong presence of leading manufacturers of functional printing equipment and materials. This robust infrastructure has contributed to the country's dominance in the functional printing market. Additionally, the USA has witnessed significant growth in this sector, with a notable compound annual growth rate (CAGR) over recent years and anticipated expansion in the forecast period. The rising demand for printed sensors, particularly in industries like retail, along with advancements in functional printing technologies, further solidify the USA's position in the market. Notably, various American companies are actively launching new products, contributing to sales growth.

Meanwhile, China's functional printing market is also poised for substantial growth, albeit at a slightly lower scale compared to the USA. The Chinese government's support through projects and policies has fostered the sector's development. Plans for establishing functional printing industrial parks, such as the one in Wuxi, underscore the government's commitment to nurturing this industry. Factors such as increasing demand from sectors like healthcare, automotive, and consumer electronics, coupled with the introduction of innovative products and cutting-edge printing technologies, are expected to drive growth in China's functional printing market.

Category-wise Insights: Sensors and Inkjet Printing

The sensors segment is anticipated to remain highly remunerative, driven by the growing usage of functional printing for sensor fabrication and the popularity of printed sensors across industries. Inkjet printing, on the other hand, continues to dominate the market, offering versatility, cost-efficiency, and customization capabilities.

Competitive Landscape

Key players in the functional printing market are employing various strategies to solidify their positions, including new product launches, mergers, partnerships, and collaborations. Substantial investments in research and development are further driving innovation and technological advancement within the industry.

Some key companies are:

BASF
Blue Spark Technologies
DuraTech Industries
E Ink Holdings
Eastman Kodak Company.
Enfucell
ESMA
Nissha GSI Technologies
Isorg
Mark Andy
DowDuPont

Functional Printing Market Segmentation:

By Technology:

Inkjet Printing
Screen Printing
Flexography

By Application:

Sensors
Displays
RFID Tags

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

1. Executive Summary

1.1. Global Functional Printing Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2023
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
- 2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Global Functional Printing Market Outlook, 2018 - 2031

3.1. Global Functional Printing Market Outlook, by Technology, Value (US$ Bn), 2018 - 2031
- 3.1.1. Key Highlights
  - 3.1.1.1. Inkjet Printing
  - 3.1.1.2. Screen Printing
  - 3.1.1.3. Flexography
3.2. Global Functional Printing Market Outlook, by Application, Value (US$ Bn), 2018 - 2031
- 3.2.1. Key Highlights
  - 3.2.1.1. Sensors
  - 3.2.1.2. Displays
  - 3.2.1.3. RFID Tags
3.3. Global Functional Printing Market Outlook, by Region, Value (US$ Bn), 2018 - 2031
- 3.3.1. Key Highlights
  - 3.3.1.1. North America
  - 3.3.1.2. Europe
  - 3.3.1.3. Asia Pacific
  - 3.3.1.4. Latin America
  - 3.3.1.5. Middle East & Africa

4. North America Functional Printing Market Outlook, 2018 - 2031

4.1. North America Functional Printing Market Outlook, by Technology, Value (US$ Bn), 2018 - 2031
- 4.1.1. Key Highlights
  - 4.1.1.1. Inkjet Printing
  - 4.1.1.2. Screen Printing
  - 4.1.1.3. Flexography
4.2. North America Functional Printing Market Outlook, by Application, Value (US$ Bn), 2018 - 2031
- 4.2.1. Key Highlights
  - 4.2.1.1. Sensors
  - 4.2.1.2. Displays
  - 4.2.1.3. RFID Tags
4.3. North America Functional Printing Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 4.3.1. Key Highlights
  - 4.3.1.1. U.S. Functional Printing Market by Technology, Value (US$ Bn), 2018 - 2031
  - 4.3.1.2. U.S. Functional Printing Market by Application, Value (US$ Bn), 2018 - 2031
  - 4.3.1.3. Canada Functional Printing Market by Technology, Value (US$ Bn), 2018 - 2031
  - 4.3.1.4. Canada Functional Printing Market by Application, Value (US$ Bn), 2018 - 2031
- 4.3.2. BPS Analysis/Market Attractiveness Analysis

5. Europe Functional Printing Market Outlook, 2018 - 2031

5.1. Europe Functional Printing Market Outlook, by Technology, Value (US$ Bn), 2018 - 2031
- 5.1.1. Key Highlights
  - 5.1.1.1. Inkjet Printing
  - 5.1.1.2. Screen Printing
  - 5.1.1.3. Flexography
5.2. Europe Functional Printing Market Outlook, by Application, Value (US$ Bn), 2018 - 2031
- 5.2.1. Key Highlights
  - 5.2.1.1. Sensors
  - 5.2.1.2. Displays
  - 5.2.1.3. RFID Tags
- 5.2.2. BPS Analysis/Market Attractiveness Analysis
5.3. Europe Functional Printing Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 5.3.1. Key Highlights
  - 5.3.1.1. Germany Functional Printing Market by Technology, Value (US$ Bn), 2018 - 2031
  - 5.3.1.2. Germany Functional Printing Market by Application, Value (US$ Bn), 2018 - 2031
  - 5.3.1.3. U.K. Functional Printing Market by Technology, Value (US$ Bn), 2018 - 2031
  - 5.3.1.4. U.K. Functional Printing Market by Application, Value (US$ Bn), 2018 - 2031
  - 5.3.1.5. France Functional Printing Market by Technology, Value (US$ Bn), 2018 - 2031
  - 5.3.1.6. France Functional Printing Market by Application, Value (US$ Bn), 2018 - 2031
  - 5.3.1.7. Italy Functional Printing Market by Technology, Value (US$ Bn), 2018 - 2031
  - 5.3.1.8. Italy Functional Printing Market by Application, Value (US$ Bn), 2018 - 2031
  - 5.3.1.9. Turkey Functional Printing Market by Technology, Value (US$ Bn), 2018 - 2031
  - 5.3.1.10. Turkey Functional Printing Market by Application, Value (US$ Bn), 2018 - 2031
  - 5.3.1.11. Russia Functional Printing Market by Technology, Value (US$ Bn), 2018 - 2031
  - 5.3.1.12. Russia Functional Printing Market by Application, Value (US$ Bn), 2018 - 2031
  - 5.3.1.13. Rest of Europe Functional Printing Market by Technology, Value (US$ Bn), 2018 - 2031
  - 5.3.1.14. Rest of Europe Functional Printing Market by Application, Value (US$ Bn), 2018 - 2031
- 5.3.2. BPS Analysis/Market Attractiveness Analysis

6. Asia Pacific Functional Printing Market Outlook, 2018 - 2031

6.1. Asia Pacific Functional Printing Market Outlook, by Technology, Value (US$ Bn), 2018 - 2031
- 6.1.1. Key Highlights
  - 6.1.1.1. Inkjet Printing
  - 6.1.1.2. Screen Printing
  - 6.1.1.3. Flexography
6.2. Asia Pacific Functional Printing Market Outlook, by Application, Value (US$ Bn), 2018 - 2031
- 6.2.1. Key Highlights
  - 6.2.1.1. Sensors
  - 6.2.1.2. Displays
  - 6.2.1.3. RFID Tags
- 6.2.2. BPS Analysis/Market Attractiveness Analysis
6.3. Asia Pacific Functional Printing Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 6.3.1. Key Highlights
  - 6.3.1.1. China Functional Printing Market by Technology, Value (US$ Bn), 2018 - 2031
  - 6.3.1.2. China Functional Printing Market by Application, Value (US$ Bn), 2018 - 2031
  - 6.3.1.3. Japan Functional Printing Market by Technology, Value (US$ Bn), 2018 - 2031
  - 6.3.1.4. Japan Functional Printing Market by Application, Value (US$ Bn), 2018 - 2031
  - 6.3.1.5. South Korea Functional Printing Market by Technology, Value (US$ Bn), 2018 - 2031
  - 6.3.1.6. South Korea Functional Printing Market by Application, Value (US$ Bn), 2018 - 2031
  - 6.3.1.7. India Functional Printing Market by Technology, Value (US$ Bn), 2018 - 2031
  - 6.3.1.8. India Functional Printing Market by Application, Value (US$ Bn), 2018 - 2031
  - 6.3.1.9. Southeast Asia Functional Printing Market by Technology, Value (US$ Bn), 2018 - 2031
  - 6.3.1.10. Southeast Asia Functional Printing Market by Application, Value (US$ Bn), 2018 - 2031
  - 6.3.1.11. Rest of Asia Pacific Functional Printing Market by Technology, Value (US$ Bn), 2018 - 2031
  - 6.3.1.12. Rest of Asia Pacific Functional Printing Market by Application, Value (US$ Bn), 2018 - 2031
- 6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Latin America Functional Printing Market Outlook, 2018 - 2031

7.1. Latin America Functional Printing Market Outlook, by Technology, Value (US$ Bn), 2018 - 2031
- 7.1.1. Key Highlights
  - 7.1.1.1. Inkjet Printing
  - 7.1.1.2. Screen Printing
  - 7.1.1.3. Flexography
7.2. Latin America Functional Printing Market Outlook, by Application, Value (US$ Bn), 2018 - 2031
- 7.2.2. BPS Analysis/Market Attractiveness Analysis
7.3. Latin America Functional Printing Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 7.3.1. Key Highlights
  - 7.3.1.1. Brazil Functional Printing Market by Technology, Value (US$ Bn), 2018 - 2031
  - 7.3.1.2. Brazil Functional Printing Market by Application, Value (US$ Bn), 2018 - 2031
  - 7.3.1.3. Mexico Functional Printing Market by Technology, Value (US$ Bn), 2018 - 2031
  - 7.3.1.4. Mexico Functional Printing Market by Application, Value (US$ Bn), 2018 - 2031
  - 7.3.1.5. Argentina Functional Printing Market by Technology, Value (US$ Bn), 2018 - 2031
  - 7.3.1.6. Argentina Functional Printing Market by Application, Value (US$ Bn), 2018 - 2031
  - 7.3.1.7. Rest of Latin America Functional Printing Market by Technology, Value (US$ Bn), 2018 - 2031
  - 7.3.1.8. Rest of Latin America Functional Printing Market by Application, Value (US$ Bn), 2018 - 2031
- 7.3.2. BPS Analysis/Market Attractiveness Analysis

8. Middle East & Africa Functional Printing Market Outlook, 2018 - 2031

8.1. Middle East & Africa Functional Printing Market Outlook, by Technology, Value (US$ Bn), 2018 - 2031
- 8.1.1. Key Highlights
  - 8.1.1.1. Inkjet Printing
  - 8.1.1.2. Screen Printing
  - 8.1.1.3. Flexography
8.2. Middle East & Africa Functional Printing Market Outlook, by Application, Value (US$ Bn), 2018 - 2031
- 8.2.1. Key Highlights
  - 8.2.1.1. Sensors
  - 8.2.1.2. Displays
  - 8.2.1.3. RFID Tags
- 8.2.2. BPS Analysis/Market Attractiveness Analysis
8.3. Middle East & Africa Functional Printing Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 8.3.1. Key Highlights
  - 8.3.1.1. GCC Functional Printing Market by Technology, Value (US$ Bn), 2018 - 2031
  - 8.3.1.2. GCC Functional Printing Market by Application, Value (US$ Bn), 2018 - 2031
  - 8.3.1.3. South Africa Functional Printing Market by Technology, Value (US$ Bn), 2018 - 2031
  - 8.3.1.4. South Africa Functional Printing Market by Application, Value (US$ Bn), 2018 - 2031
  - 8.3.1.5. Egypt Functional Printing Market by Technology, Value (US$ Bn), 2018 - 2031
  - 8.3.1.6. Egypt Functional Printing Market by Application, Value (US$ Bn), 2018 - 2031
  - 8.3.1.7. Nigeria Functional Printing Market by Technology, Value (US$ Bn), 2018 - 2031
  - 8.3.1.8. Nigeria Functional Printing Market by Application, Value (US$ Bn), 2018 - 2031
  - 8.3.1.9. Rest of Middle East & Africa Functional Printing Market by Technology, Value (US$ Bn), 2018 - 2031
  - 8.3.1.10. Rest of Middle East & Africa Functional Printing Market by Application, Value (US$ Bn), 2018 - 2031
- 8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Competitive Landscape

9.1. Manufacturer vs by Application Heatmap
9.2. Company Market Share Analysis, 2023
9.3. Competitive Dashboard
9.4. Company Profiles
- 9.4.1. BASF
  - 9.4.1.1. Company Overview
  - 9.4.1.2. Technology Portfolio
  - 9.4.1.3. Financial Overview
  - 9.4.1.4. Business Strategies and Development
- 9.4.2. Blue Spark Technologies
  - 9.4.2.1. Company Overview
  - 9.4.2.2. Technology Portfolio
  - 9.4.2.3. Financial Overview
  - 9.4.2.4. Business Strategies and Development
- 9.4.3. DuraTech Industries
  - 9.4.3.1. Company Overview
  - 9.4.3.2. Technology Portfolio
  - 9.4.3.3. Financial Overview
  - 9.4.3.4. Business Strategies and Development
- 9.4.4. E Ink Holdings
  - 9.4.4.1. Company Overview
  - 9.4.4.2. Technology Portfolio
  - 9.4.4.3. Financial Overview
  - 9.4.4.4. Business Strategies and Development
- 9.4.5. Eastman Kodak Company.
  - 9.4.5.1. Company Overview
  - 9.4.5.2. Technology Portfolio
  - 9.4.5.3. Financial Overview
  - 9.4.5.4. Business Strategies and Development
- 9.4.6. Enfucell
  - 9.4.6.1. Company Overview
  - 9.4.6.2. Technology Portfolio
  - 9.4.6.3. Financial Overview
  - 9.4.6.4. Business Strategies and Development
- 9.4.7. ESMA
  - 9.4.7.1. Company Overview
  - 9.4.7.2. Technology Portfolio
  - 9.4.7.3. Financial Overview
  - 9.4.7.4. Business Strategies and Development
- 9.4.8. Nissha GSI Technologies
  - 9.4.8.1. Company Overview
  - 9.4.8.2. Technology Portfolio
  - 9.4.8.3. Financial Overview
  - 9.4.8.4. Business Strategies and Development
- 9.4.9. Isorg
  - 9.4.9.1. Company Overview
  - 9.4.9.2. Technology Portfolio
  - 9.4.9.3. Financial Overview
  - 9.4.9.4. Business Strategies and Development
- 9.4.10. Mark Andy
  - 9.4.10.1. Company Overview
  - 9.4.10.2. Technology Portfolio
  - 9.4.10.3. Financial Overview
  - 9.4.10.4. Business Strategies and Development
- 9.4.11. DowDuPont
  - 9.4.11.1. Company Overview
  - 9.4.11.2. Technology Portfolio
  - 9.4.11.3. Financial Overview
  - 9.4.11.4. Business Strategies and Development

10. Appendix

10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations