Functional Printing Market Analysis

Material (Substrates, Inks)

The global functional printing market is segmented and analyzed for demand and supply by materials into substrates, and inks. Among these segments, the inks segment captured the largest market share by end of the year 2037 in the global functional printing market owing to the increasing exports of inks and their higher utilization for multiple purposes worldwide. For instance, the export value of printing inks of India was calculated to be approximately USD 10 million during the fiscal year 2020-2021. Moreover, the higher adoption of ink printing in various end-use industries along with the surge in 3D printing is expected to augment segment growth over the forecast period. Also, various advantages offered by inks such as the ability to produce vibrant and rich colors, increased productivity, high performance, environmental benefits, and lower energy costs are also estimated to bring in lucrative growth opportunities for segment growth during the analysis period.

Technology (Inkjet Printing, Screen Printing, Flexography, Gravure Printing)

The global functional printing market is also segmented and analyzed for demand and supply by technology into inkjet printing, screen printing, flexography, gravure printing, and others. Out of these, the inkjet printing segment is attributed to holding the largest share of the market with a notable CAGR value. The major factor attributed to segment growth is the high production of cost-effective office and graphic art printers. This has led to raising the awareness level about the usage of inkjet printing for product designing, the fabrication of flat panel displays devices, biochip production, and printable electronics. In addition to that, the sales of inkjet printing technology are expected to surge owing to its numerous advantages in various supply chains. Also, it is projected that along with the growing demand for 3D printing, the utilization rate of inkjet printing is expected to evolve globally and increase the market growth of the functional printing market globally.

Our in-depth analysis of the global market includes the following segments: