Functional Printing Market: By Printing Technology (Inkjet Printing, Screen Printing, Gravure Printing, and Flexography), By Material Type (Substrate and Inks), By Application (Display, Sensors, Batteries, RFID tags, Lightening, and Photovoltaic), and Geography

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Functional Printing Market was valued at USD 13,455.5 million in 2022 and is poised to grow at a 22.3% CAGR from 2023 to 2030. Functional printing is a two-dimensional and three-dimensional printing that results in a material having active and passive functionality, it necessitates the printing of various electrical components through substrates and inks, it is used to print various substrates such as paper, and glass dielectric inks. It is used for the mass production of LCDs, OLEDs, RFIDs, and photovoltaics. Functional printing is segmented based on technology including inkjet printing, screen printing, gravure printing, and flexes, the demand for low-cost, dependable, and smart electronic devices such as RFIDs and sensors is driving the growth of the market.

The growing application of 3d modeling has raised the functional printing demand in the market it is estimated to become a profitable opportunity for the market also growing applications such as sensor display, and lighting are raising high demand in the future. Modernization and production of complex structures create hindrances in the market, this factor is projected to be a challenge for the functional printing market. Geographically, North America held the major market share in 2022 and shows lucrative demand in the market, owing to the presence of the most functional printing and equipment in the region. 

Functional Printing Market Key Developments:
  • In March 2022, Avery Dennison Graphics Solutions launched a new generation of digital print films. The new Avery Dennison MPI 2904 Easy Apply™ is a smooth glossy, flexible vinyl film designed for vivid and high-quality digital print performance. It delivers great value for vibrant and creative applications with intermediate durability requirements, Complementing the MPI 2904 Easy Apply are the new Avery Dennison DOL 2960 Gloss and DOL 2980 Matte overlaminates that give users both improved handling efficiency and superior finished graphics.
  • In February 2022, Canon announced the expansion of its MAXIFY Ink Efficient GX Series lineup with a new ink tank business printer. The printer combines low color printing costs with speed, paper handling, and networking capabilities to give offices and businesses a boost in efficiency and productivity.
  • In January 2022, Eastman Kodak Company announced the launch of a new ink system for Film-to-Fabric (DTF). Film-to-fabric ink systems can be used with the most modified inkjet printers and involve three simple components: powder, film, and ink. The benefits of DTF, like the KODACOLOR FTF (Film-to-Fabric) System, include the ability to print on a wide variety of fabrics (e.g., natural fabrics, polyester, nylon, rayon, blends, and cotton)

Functional Printing Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

22.3%

Largest Market

Asia Pacific

Fastest Growing Market

Asia Pacific
Functional Printing Market Dynamics

The increasing production of complex structures and availability of a wide range of substrates is the major market driver in the Functional Printing Market during the forecast period. The adoption of functional printing techniques raises the overall demand in the market, the easy availability of substrates such as sensors, battery, display, and photovoltaic and their applications are the major factor that drives the functional printing market.

Key Features of the Reports

  • The functional printing market report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030).
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies.
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market.
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market.
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario.

Functional Printing Market Segmentation

By Technology
  • Inkjet Printing
  • Screen Printing
  • Gravure Printing
  • Flexography
By Material Type
  • Substrate
  • Inks
By Application
  • Display
  • Sensors
  • Batteries
  • RFID tags
  • Lightening
  • Photovoltaic

Frequently Asked Questions

The functional printing market size was valued at USD 13,455.5 million in 2022, growing at a 22.3% CAGR from 2023 to 2029.

North America holds the highest market share in 2022.

The leading players in the functional printing market are Blue Spark Technologies, Avery Dennison Corporation, Dura-Tech Industries, E Ink Holdings Inc., Eastman Kodak Company, Enfucell Oy, European Securities and Markets Authority, Nissha Co., Ltd., ISORG, Mark Andy Inc., Nanosolar Corporation, Novaled GmbH, Optomec, Inc., Toppan Inc, Toyo Ink Sc Holdings Co. Ltd, Trident Limited, India, Xaar plc., Haiku Tech, and Display Corporation International Inc

  • Blue Spark Technologies
  • Avery Dennison Corporation
  • Dura-Tech Industries
  • E Ink Holdings Inc.
  • Eastman Kodak Company
  • Enfucell Oy
  • European Securities and Markets Authority
  • Nissha Co., Ltd.
  • ISORG
  • Mark Andy Inc.
  • Nanosolar Corporation
  • Novaled GmbH
  • Optomec, Inc.
  • Toppan Inc
  • Toyo Ink Sc Holdings Co. Ltd
  • Trident Limited, India
  • Xaar plc.
  • Haiku Tech
  • Display Corporation International Inc

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