Functional Printing Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Technology (Inkjet, Screen, Gravure, Flexography), By Material (Substrates, Inks), By Application (RFID, Displays, Batteries, Sensors, Others), And By Geography - Forecasts From 2022 To 2027

The global functional printing market is projected to grow at a CAGR of 21.05% to reach a total value of US$47.834 billion by 2027, from US$12.560 billion in 2020.

Functional printing can be two-dimensional or three-dimensional and is used to bring functionality to what is printed. It is used for printing on different substrates and inks. Functional printing technology provides graphical effects like the electrochromic effect and electroluminescent effect. Functional printing technology has various advantages, like low production cost, less energy consumption, high manufacturing rate, and less material wastage. Advancing printing technology is increasing the reliability, accuracy, and mounting need for the mass production of electronic devices like LED, OLED, and RFID chips. The growth in display and biosensors' requirements and the development of new printing processes like micro-contact printing and nanoimprint lithography is boosting the functional printing market growth.

Inkjet is projected to hold a notable share

The functional printing market is segmented by printing technology such as inkjet printing, flexographic printing, screen printing, gravure printing, and others. Inkjets are flexible and versatile, and setting up an inkjet printer is easy. It is best used for low-viscosity, soluble materials like organic semiconductors. Screen printing is widely used in the production of sensors and radio frequency identification (RFID) antennas. Screen printing has numerous advantages over other printing technologies, such as durability, versatility, speed, and affordability. These advantages are boosting the adoption of screen-printing technology by different industries. Gravure printing is applied to transform paper into a viable substrate for printing electronics. The printing of high-performance electronic devices onto paper is limited by the large surface roughness and ink absorption of paper. Gravure printing has overcome this by providing a local smoothing layer and printing organic thin-film transistors (OTFTs). That demonstrates performance on par with the device on a plastic substrate.

RFID is anticipated to show good growth

By application, the market is segmented into sensors, batteries, RFID, photovoltaic, and flexible display. The demand for thin and highly efficient displays required in different applications has increased the growth of the OLED and LED displays segment. Advancing technology in printed electronics is developing OLED displays and making them thinner, rollable, and more efficient than OLED displays developed using traditional methods. The function printing market is growing owing to recent advances in technology and a decline in the cost, of reliable and robust electronic devices such as RFID antennas and sensors all over the world.

The Asia Pacific is expected to grow substantially

The Functional Printing market is divided into five regions: North America, South America, Europe, the Middle East and Africa, and the Asia Pacific. The report also analyses 16 countries across these regions with a complete analysis and forecast along with prevailing market trends and opportunities that each of these countries presents for the manufacturers.  North America has a significant market share of functional printing due to increased usage of this printing technology by the electronics sector because of its design, low cost, and material utilization benefits. The Asia Pacific region will witness the fastest growth due to the massive production of electronic components, amplified investments in research and development, and fast-emerging economies like India and China. Factors like rapid industrialization and supportive government regulations such as FDI, and trade agreements will significantly contribute to the functional printing market’s growth over the forecast period.

Market Developments

• In April 2021, Manz AG, a global high-tech engineering firm with a diverse technological portfolio, is purchasing a share in CADIS Engineering GmbH, therefore enabling direct printing on components using digital printing technology. The transaction is consistent with Manz AG's business strategy of expanding its technology portfolio in potential future industries through focused M&A activity.
• In April 2021, Mimaki Europe, a major provider of inkjet printers and cutting systems, announced that it will showcase its extensive array of cutting-edge digital print technologies at the first virtual drupa. Mimaki also unveiled two brand-new printing systems at virtual drupa as part of the company's long-term commitment to driving innovation in the digital printing market.

Product Offerings

• Manz AG offers an Inkjet printing technique, which is quite sophisticated. Finishing and printing choices include haptics, optics, and 3D and 2D printing. The functional printing application field, in which surfaces will be printed with intelligent objects to become an "intelligence," is a rapidly developing and promising sector.
• Global Inkjet Systems offers Atlas, which is a software framework for developing industrial inkjet user interfaces and machine control systems quickly. It may either operate a whole machine or function as a component in bigger systems. Its unique modular and open architecture enables for customization as well as the integration of other tools to provide for a faster path to market for your product. It is a versatile user interface platform developed by GIS employing the newest Microsoft.

Functional Printing Market Scope:

Segmentation

• By Technology
  • Inkjet
  • Screen
  • Gravure
  • Flexography
• By Material
  • Substrates
  • Inks
• By Application
  • RFID
  • Displays
  • Batteries
  • Sensors
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • United Kingdom
    • Italy
    • France
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • Israel
    • UAE
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Indonesia
    • Thailand
    • Others