Functional Printing is spurred by advancing capabilities of industrial printing technology to development and create versatile application without traditional hurdles. Also, the market is cost effective plays further increasing ample of growth opportunity for market technology and products. The market has major demand for printing graphics, and are also used for OLED displays, E-paper, EL displays, LCD and among others. Likewise, RFID application demand has contributed in the market growth. Likewise, the market provides an ability to decrease material wastage, reduced environmental impact and energy consumption which are further enhancing the growth of market.
The functional printing market is driven by different factors like growing popularity of printed electronics worldwide has led the demand for market. The printed electronics are majorly having market requirement for creating electrical devices on various substrates. Thereby various Functional Printing technology are used on substrates for creating printed electronics. Different printed electronics includes electronic circuits, displays and others. Also, cost effectiveness is the key factor for propelling demand for market among various application and end uses.
The exclusive COVID 19 impact analysis report by Axiom MRC provides a 360 degree analysis of micro and macro-economic factors on the functional printing market. In addition, complete analysis of changes on functional printing market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on global economies, international trade, business investments, GDP and marketing strategies of key players present in the market.
The functional printing market comprises of different market segment like technology, application, material and geography
The functional printing is available in market according different technology including inkjet printing, screen printing, gravure printing, flexography and others. Inkjet printing is leading technology segment in functional printing as it has become the most widespread printing technology for various application in industry. Advances in inkjet technology allowing the high resolution on application is fuelling the demand for market. Likewise, screen printing is majorly used for printed electronics and in manufacturing of electronics components. Also, gravure printing is experiencing emerging growth in market during the forecast period.
The functional printing market finds its major application in rfid, lighting, sensors, batteries, photovoltaics, displays and others. Sensors is likely to gain majority of market share during the estimated time period. The sensor have emerging demand for functional printing as these are widely used for industrial, automotive, healthcare and for other segment. Sensor are ubiquitous in modern technological world which is further propelling the demand for functional printing market. Similarly, displays are currently having increasing demand for functional printing as these are mostly used for OLED displays, E-paper, EL displays, LCD and among others. The growing demand for electronics has significantly propelled the growth of functional printing market. Similarly, batteries application is contributing healthy growth in the market.
The functional printing market has major use of material like inks, and substrates. Inks is further sub segmented into semiconducting inks, conductive inks, dielectric inks. Substrates is the dominating segment in functional printing market attributing to use of different substrates like paper, glass, plastic among other for functional printing on application has increased the demand for segment further providing opportunity in market. The substrates in flexible form are mostly referred for functional printing. Similarly, inks is anticipated to witness rapid growth at highest pace during the estimated time period. The inks in functional printing are often used to form thin layer depending on technology process and application with precise thickness.
The global functional printing market is studied for the following region North America, Europe, Asia-Pacific and Rest of the world (RoW). North America is expected to dominate in the functional printing market during estimated time period and is likely to maintain its dominance over the forecast period. The factor contributing in market growth are emerging requirement of functional printing in different end use industries products like printed electronics, 3D printer, and RFID. The increasing use of different technology for producing various application is fuelling the market growth. Alternatively, growing adoption of RFID in retail industry is propelling the market growth. Alternatively, Europe is expected to hold second position in market during estimated time period. The driving technological advancement and demand for various application like printed electronics due to its cost effectiveness is accelerating the market growth.
The key players in 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.
November 2020: The E Ink Holdings Inc. had announced its strategic partnership with Yes Optoelectronics Co., Ltd., a leading designer and manufacturer of customer LCD panels. The partnership will focus on the research and development of ePaper related modules, product manufacturing, key materials and sales and marketing support.
September 2020: Canon, India had announced that Replika Press Pvt Ltd had installed the VarioPrint i300, a B3 sheet fed inkjet color digital printer. With the installation, the Replika Press Pvt Ltd had become the first company in India to acquire the solution that is at forefront of inkjet technology investment in the book printing market.
January 2020: Kodak and Uteco had announced the successful installation of the first UTECO Sapphire EVO Press powered by KODAK Stream Inkjet Technology. This high production digital inkjet press expands the company’s packaging print capabilities, with a cost-effective and highly flexible digital solution for high-speed, high-quality applications.
May 2019: Avery Dennison had announced that it optimized new materials for digital printing, with digital continuing to grow, the supplier has developed products for EP and inkjet applications.
The report analyses the functional printing market based on by technology, application, material and geography. The functional printing is available in market according different technology including inkjet printing, screen printing, gravure printing, flexography and others. Inkjet printing is leading technology segment in functional printing market. The functional printing market finds its major application in rfid, lighting, sensors, batteries, photovoltaics, displays and others. Sensors is likely to gain majority of market share during the estimated time period. The functional printing market has major use of material like inks, and substrates. Inks is further sub segmented into semiconducting inks, conductive inks, dielectric inks. Substrates is the leading segment in functional printing market. The global functional printing market is studied for the following region North America, Europe, Asia-Pacific and Rest of the world (RoW).
Why to buy this report: