- Inkjet Printing
- Screen Printing
- Gravure Printing
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.
Fastest Growing Market
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.
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