New York, September 2021: Axiom Market Research & Consulting™ added a report on functional printing market which includes study on technology, application, material, and geography. Functional printing market was projected to grow at a CAGR of 21.80% for the forecast period 2021 to 2027. The global market is estimated and forecasted in terms of revenue (USD Million) generated by the functional printing market.

The factors such as increasing popularity of the printed electronics across the world has been responsible for the demand of the functional printing market. The printed electronics mostly have high requirement in the market for the purpose of creating the electrical devices based on the different substrates. The cost effectiveness has been the main factor responsible for propelling the demand for the functional printing market among the end users and various applications.

The report analyses the functional printing market based on the technology, application, material, and geography. By technology, the functional printing market includes inkjet printing, screen printing, gravure printing, flexography. By application, the functional printing market includes, RFID, lighting, sensors, batteries, photovoltaics, and displays. By material, the functional printing market includes inks and substrates. By geography, the functional printing market is studied across the regions like North America, Europe, Asia-Pacific, and Rest of the World.

The inkjet printing has been the leading technology segment in the functional printing market

The inkjet printing technology has become the most widespread printing technology for the different types of applications in the industry, along with the advancement in the inkjet printing technology that allows high resolution on the application has been fuelling the demand for the functional printing market during the forecast period.

The sensors application segment is expected to gain high market share in functional market during the forecast period.

The sensors have high emerging demand for the functional printing as they have widely been used for the automotive, industrial, healthcare and several other segments. The sensors are ubiquitous in the modern technological world that has further been propelling the demand for the functional printing market during the forecast period.

The substrate material segment is dominating the functional printing market over the forecast period

The substrates that are in the flexible form are most referred for the process of functional printing. The different substrates like glass, paper, and plastic among the several other substrates for the process of functional printing on the various application has increased the demand for the segment providing opportunity in the functional printing market.

North America is expected to dominate the functional printing market over the forecast period

The factors contributing the functional printing market in the North American market are emerging requirement of the functional printing in the different types of end use industry products such as printed electronics, RFID, and the 3D printers. The growing use of the different type of technology to produce various application has been fuelling the growth of the functional printing market in the region.

Key Players

The key players in the functional printing market are Avery Dennison Corporation, BASF SE, Blue Spark Technologies, E Ink Holdings Inc., Eastman Kodak Company, Enfucell Oy, The Nissha Co., Ltd, Mark Andy Inc., ALTANA AG, AGFA, Trident industrial inkjet, Ceradrop, Hp development company, Novaled AG, Optomec Inc., Universal display corporation, Toyo Ink Sc Holding Co. Ltd, Novacentrix, Xennia Technology Limited, and Xaar PLC among others.

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