Global Functional Printing Market – Industry Trends and Forecast to 2029

Functional Printing Market Analysis and Size

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Global functional printing market was valued at USD 9.94 billion in 2021 and is expected to reach USD 40.51 billion by 2029, registering a CAGR of 19.20% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Functional Printing Market Scope and Segmentation

Market Definition

Functional printing includes the functions of 2D and 3D printing technologies and offers graphical effects such as electroluminescent and electrochromic effects. It allows 3D printing of functional electronic objects by using substrates and inks and aids in depositing and controlling the desired pattern in the material. 

Global Functional Printing Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

• Easy availability of wide range of substrates  

The printing technologies have been demonstrated to be highly efficient and compatible with flexible polymeric materials such as inks and substrates. The flexible substrates for the wide range of applications such as sensor, display, lighting, battery, photovoltaic and others are thus, in high demands. They offer better efficiency, understanding and evaluation of different features provided by functional printing techniques. All these factors are driving the growth of the functional printing market over the forecasted period.

• Rising demands due to environmental concern

The adoption of functional printing techniques due to rising environmental concern fuels the market growth. Functional printing can potentially reduce environmental impacts, high energy consumption and material waste. The rising emission of unwanted compounds and the carbon footprints is thus, reduced by the functional printing techniques. Hence, these factors are driving the growth of the functional printing market over the forecasted period.

Opportunities

• Growing applications and 3-dimensional printing

The growing applications and the additive manufacturing 3-dimensional printing are the factors estimated to generate lucrative opportunities for the market, which will further expand the functional printing market's growth rate in the future. Functional printing techniques have wide range of applications such as sensor, display, lighting, battery, photovoltaic and others are, thus, in high demand. Thus, these growing applications and advancements will create significant growth opportunities for the functional printing market over the forecasted period.

Restraints/Challenges

• Rising need of accuracy

The rising need for high accuracy to gain the desired outcome is the primary factor obstructing functional printing market growth.

• Growing complexities in printing

The growing complexities in functional printing techniques is the factor creating hindrance for the market. This factor is projected to be a challenge for the functional printing market over the forecast period.

This functional printing market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the functional printing market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Functional Printing Market

The covid-19 has led to severe crisis across the world and several causalities. Supply chain disruptions were created due to lockdown that was being imposed in several regions. Hence, an imbalance in the demand and supply was witnessed, leading to companies not manufacturing to their complete capacity. However, in the third quarter of 2020, lockdowns were lifted, leading to the market's steady recovery with the significant increase in the demands.

In order to keep the industries operating during these challenging times, the government imposed laws and limits on workforce. Also, the market is estimated to revive as individual regulatory bodies begin to relax these enforced lockdowns. The suspended and cancelled operations will continue, and the functional printing market is estimated to expand.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent developments

• In 2022, the blue spark technologies, Aon joined a $40 million intellectual property-based financing solution sponsored by the GT investment partners to the fund development to enhance the companies’ wearable monitoring controls.

Global Functional Printing Market Scope

The functional printing market is segmented on the basis of material, printing technology and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Material

• Substrates
• Inks

Printing Technology

• Inkjet Printing
• Screen Printing
• Gravure Printing
• Flexography
• Others

Application

• Sensor
• Display
• Lighting
• Battery
• Photovoltaic
• Radio-Frequency Identification (RFID) Tags
• Others

Functional Printing Market Regional Analysis/Insights

The functional printing market is analyzed and market size insights and trends are provided by material, printing technology and application as referenced above.

The countries covered in the functional printing market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the functional printing market because of the increasing demands of near field communication technology, the rising adoption of advanced technologies, and the prevalence of improved infrastructure within the region.

Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the rising prevalence of multi-prominent electronic companies within the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Functional Printing Market Share Analysis

The functional printing market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to functional printing market.

Some of the major players operating in the functional printing market are

• AVERY DENNISON CORPORATION. (U.S.)
• BASF SE (Germany)
• Blue Spark Technologies (U.S.)
• DuraTech Industries (U.S.)
• E Ink Holdings Inc. (Taiwan)
• Eastman Kodak Company. (U.S.)
• Enfucell Oy (Finland)
• European Securities and Markets Authority (France)
• Nissha Co., Ltd. (U.S.)
• ISORG (France)
• Mark Andy Inc. (U.S.)
• Nanosolar Corporation. (U.S.)
• Novaled GmbH. (Germany)
• Optomec, Inc. (U.S.)
• TOPPAN INC. (Japan)
• TOYO INK SC HOLDINGS CO., LTD. (Japan)
• Trident Limited, India (India)
• Xaar plc. (U.K.)
• Haiku Tech (U.S.)
• Display Corporation International Inc. (U.S.)

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