Functional Printing Market Regional Analysis:
North American Market Insights
North America functional printing market is set to account for 38% revenue share by 2035. The presence of a large manufacturing base along with the high demand for functional printing from various end-use industries is attributed to be the major factor for market growth. Along with that, the rising investments by major key players in research and development activities to develop technologically advanced functional printing solutions to reduce cost are also projected to bring lucrative growth opportunities for market growth in the region. Rising government support to commercialize functional printing and the rising spending capacity of the consumer along with the increased Gross Domestic Product (GDP) are other factors that are anticipated to contribute positively to market expansion in North America.
APAC Market Insights
The Asia Pacific functional printing market is projected to hold significant market share by 2035. The growth of the market can be ascribed to the increasing number of packaging products in various industries such as food and beverage chemicals, textiles, and others in the region. For instance, packaging production in China accounts for 48% of the printing industry. Moreover, the adoption of technologically advanced printing techniques, improved infrastructure, and the presence of numerous electronics manufacturers along with modest growth in the consumer electronics sector are expected to drive functional printing market growth in the region during the forecast period. In addition to the aforementioned factors, the rising need for packaged items including food, medicines, and others by the burgeoning population of the region is considered to be another factor anticipated to fuel market expansion.
