Functional Printing Market Synopsis

Functional Printing Market Size Was Valued at USD 7.3 Billion in 2023, and is Projected to Reach USD 29.1 Billion by 2032, Growing at a CAGR of 16.6% From 2024-2032.

Functional printing refers to the process of embedding functionality of silicon into the 3D and 2D printed parts. This is utilized mainly for the purposes of printing with inks and substrates on glass and paper. It is popularly used in the manufacturing of photovoltaic cells, display, sensors and RFID tags because it allows the designer to have very fine control of features and patterns. Hence, the functional printing is expected to develop the next huge wave within the electricon business during the subsequent few years.

Functional printing involves all aspects of conventional 2D and 3D printing abilities and provides graphic capabilities like electroluminescing and electrochroming. It enables functional, three dimensional electronic objects to be printed on substrates and inks and also helps in controlling the formation and arrangement of the material.

• The printing can be obvious or hidden depending on the nature or kind of printing but this should have some optimum properties of functional printing. One of the main sources of its functional printing market motivation is, the field is rather broad and is in its infancy. Because of this, it can be pointed out that there is no obvious market leader of the given market. In other words functional printing is a production method where the pattern of desired selected elements is controlled and applied onto the material. The tech employed at the present time is merely the use of imprinting of graphics; however, functional imprinting is considered to be the continuation of the imprinting.
• The key driver to this market is when two groups of players focus on a particular market; this is the innovators and engineers and the other group consists of the digital printers. The first groups of stakeholders are exploring a number of methods, through which technology is implemented to produce objects. Consequently, it has facilitated the invention of numerous innovations and other technologies concerning functional printing. Other set of stakeholders with a number of innovations as a result of research and development are also expected to emerge in the market having high growth prospects.
• Increased awareness of environmental consciousness leads to the incorporation of functional printing techniques increasing the market growth. Functional printing may hold the opportunity of decreasing the extent of harming the environment, excessive energy usage, and materials that are wasted. The generation of unwanted compounds and the carbon footprints are hence, minimized by the functional printing techniques. Therefore, these elements are influencing the functional printing market and will boost the market in the future period.

Functional Printing Market Trend Analysis

Growing advancements in the in the printing technologies

• This is expected to lead to increased adoption of printed electronics particularly for larger production because of the continuous improvements in the technology and the related processes like printing and processing and materials. This continuous development in the technologies is believed to the channel the growth of the market. Smart packaging, wearable smart devices and high end flexible display along with internet of things (IOT) are on the rise which is demanding lightweight and flexible electronic gears. Thus, the demand for detailed and accurate electronics is creating superior opportunities to develop the market.
• In addition, the requirement for affordable methods that can be employed to manufacture intricate designs on a large scale is another influential reason, which enhances the utilization of functional print solutions in industries, which are engaged in the creation of distinct electronics. The biggest consumer of functional printing solutions is the healthcare industry as its application continues to increase in the biosensors, drug delivery systems, and wearable health monitoring devices. Hence, the need for the functional printing that seems to address the need for tailor-made heath care solutions in projecting the sale.

Growing interest in 3D printing

• It is identified that there is an increasing demand for ‘’functionally featured 3D objects’’ in the different fields; for instance in the health sector, electronics as well as the Automation Industries. This increasing trend of 3D printing is the reason why this market is attributed to have vast profitable prospects. For the same time, the concern over environmental issues is strengthening the emphasis on using the environmentally suitable material and minimal amount of waste. It is likely to follow the social theme regarding practice of sustainable and green technology in the present society. Furthermore, escalation of government support in current functional printing research and development work will make better world prospects of functional printing. In a nutshell, on that account, the ease of personalizing and customizing tools and gears is expected to raise its stock in end-use industries.

Functional Printing Market Segment Analysis:

Functional Printing Market Segmented based on Technology, and Application.

By Technology, Inkjet Printing segment is expected to dominate the market during the forecast period

• According to Technology, the global Shares Screend has been divided into Inkjet Printing, Screen Printing, Flexography, and others. The initial application of inkjet was in making low-cost office and graphic arts printers, which is now considered a multibillion dollar industry. As the intensity of the technology advances, this has expanded to other niche areas such as product decoration, flat panel displays, Bio-chip production as well as printable electronics. Inkjet printing is on the rise because of the versatility that comes with it in the several supply chains. In addition, concerning the projected increase in the market for 3D printing, this technology is expected to develop worldwide and boost the functional printing market proportionately.
• The inkjet technology is gradually evolving into a multi-billion industry due to wide usage in the printing of electronics, Biochips, displays, and product embellishment. He reveals that these applications are providing sound growth opportunity for the market.
• Rising demand for in-plant production to increase productivity, effecting variable data printing and using inkjet printers as a common reason to promote functional printing are the other factors that fuel the demand for functional printing. An increasing awareness of 3D printing technology for enhancing the activities for higher coverage of prototyping is expected to provide the industries with a broad range of better design solutions.

By Application, RFID Tags segment held the largest share in 2023

• According to the Application, the Market segment is classified into Sensors, Displays, RFID Tags, and Others. Namely, printing the antenna on a flexible substrate, which will be attached to the object, or directly on the package, printed UHF-RFID enables supply chain integration of everyday items or packages. In addition, Information regarding the application of RFID tags in the regions growing retail industry is likely to enhance the market growth. RFID gets rid of employees’ manual scanning and tracks the merchandise from the warehouse to the store floor, which creates the demand and expands the functional printing market worldwide.
• Advancements in the smartphones are putting pressure on NFC as users shift more to online payment. Therefore, the NFC chip that is incorporated in smartphone is expected to increase sales in North America.
• Development of retail and the consumer goods industry is enhancing the application of RFID tag that is expanding the pace of selling functional printing solutions. The smooth tracking that is associated with the merchandise and the product details from the warehouse up to the store is also expected to help in the enhancement of the market growth. Likewise, business of dyes and other commodities such as inks and substrates will be inspiring the market..

Functional Printing Market Regional Insights:

North America is Expected to Dominate the Market Over the Forecast period

• North America leads the functional printing market due to the growing needs of Near Field Communication technology, mostly using advanced technologies and having better infrastructure in the region.
• It is expected that North America holds the largest share in the Functional Printing Market. As the consumers look for cheaper, more reliable, and long-lasting electronic devices, new forms of substrates and inks are being created. It is increasing the market of Functional Printing and the possible sales. Thus, it will also enhance the demand of the functional printing market.

Active Key Players in the Functional Printing Market

• BASF
• Blue Spark Technologies
• DuraTech Industries
• E Ink Holdings
• Eastman Kodak Company.
• Enfucell
• ESMA
• Nissha Co. Ltd
• GSI Technologies
• Isorg
• Mark Andy
• DowDuPont
• Avery Dennison Corporation
• Other Active Key Players

Key Industry Developments in the Functional Printing Market:

• April 20, 2022 in Blue Spark Technologies, Aon teamed up with $40 million in an intellectual property based financing solution by GT Investment Partners (Ghost Tree Partners) to fund the development. The funds will be used to increase the scope of Blue Spark’s work with sales and marketing and to bolster its wearable remote patient monitoring solutions.

Chapter 1: Introduction
 1.1 Scope and Coverage

Chapter 2:Executive Summary

Chapter 3: Market Landscape
 3.1 Market Dynamics
  3.1.1 Drivers
  3.1.2 Restraints
  3.1.3 Opportunities
  3.1.4 Challenges
 3.2 Market Trend Analysis
 3.3 PESTLE Analysis
 3.4 Porter's Five Forces Analysis
 3.5 Industry Value Chain Analysis
 3.6 Ecosystem
 3.7 Regulatory Landscape
 3.8 Price Trend Analysis
 3.9 Patent Analysis
 3.10 Technology Evolution
 3.11 Investment Pockets
 3.12 Import-Export Analysis

Chapter 4: Functional Printing Market by Technology
 4.1 Functional Printing Market Snapshot and Growth Engine
 4.2 Functional Printing Market Overview
 4.3 Inkjet Printing
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 Inkjet Printing: Geographic Segmentation Analysis
 4.4 Screen Printing
  4.4.1 Introduction and Market Overview
  4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.4.3 Key Market Trends, Growth Factors and Opportunities
  4.4.4 Screen Printing: Geographic Segmentation Analysis
 4.5 Flexography
  4.5.1 Introduction and Market Overview
  4.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.5.3 Key Market Trends, Growth Factors and Opportunities
  4.5.4 Flexography: Geographic Segmentation Analysis

Chapter 5: Functional Printing Market by By Application
 5.1 Functional Printing Market Snapshot and Growth Engine
 5.2 Functional Printing Market Overview
 5.3 Sensors
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Sensors: Geographic Segmentation Analysis
 5.4 Displays
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Displays: Geographic Segmentation Analysis
 5.5 RFID Tags
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 RFID Tags: Geographic Segmentation Analysis

Chapter 6: Company Profiles and Competitive Analysis
 6.1 Competitive Landscape
  6.1.1 Competitive Benchmarking
  6.1.2 Functional Printing Market Share by Manufacturer (2023)
  6.1.3 Industry BCG Matrix
  6.1.4 Heat Map Analysis
  6.1.5 Mergers and Acquisitions
  
 6.2 BASF
  6.2.1 Company Overview
  6.2.2 Key Executives
  6.2.3 Company Snapshot
  6.2.4 Role of the Company in the Market
  6.2.5 Sustainability and Social Responsibility
  6.2.6 Operating Business Segments
  6.2.7 Product Portfolio
  6.2.8 Business Performance
  6.2.9 Key Strategic Moves and Recent Developments
  6.2.10 SWOT Analysis
 6.3 BLUE SPARK TECHNOLOGIES
 6.4 DURATECH INDUSTRIES
 6.5 E INK HOLDINGS
 6.6 EASTMAN KODAK COMPANY
 6.7 ENFUCELL
 6.8 ESMA
 6.9 NISSHA CO LTD
 6.10 GSI TECHNOLOGIES
 6.11 ISORG
 6.12 MARK
 6.13 Y
 6.14 DOWDUPONT
 6.15 AVERY DENNISON CORPORATION
 6.16 OTHER ACTIVE KEY PLAYERS

Chapter 7: Global Functional Printing Market By Region
 7.1 Overview
 7.2. North America Functional Printing Market
  7.2.1 Key Market Trends, Growth Factors and Opportunities
  7.2.2 Top Key Companies
  7.2.3 Historic and Forecasted Market Size by Segments
  7.2.4 Historic and Forecasted Market Size By Technology
   7.2.4.1 Inkjet Printing
   7.2.4.2 Screen Printing
   7.2.4.3 Flexography
  7.2.5 Historic and Forecasted Market Size By By Application
   7.2.5.1 Sensors
   7.2.5.2 Displays
   7.2.5.3 RFID Tags
  7.2.6 Historic and Forecast Market Size by Country
   7.2.6.1 US
   7.2.6.2 Canada
   7.2.6.3 Mexico
 7.3. Eastern Europe Functional Printing Market
  7.3.1 Key Market Trends, Growth Factors and Opportunities
  7.3.2 Top Key Companies
  7.3.3 Historic and Forecasted Market Size by Segments
  7.3.4 Historic and Forecasted Market Size By Technology
   7.3.4.1 Inkjet Printing
   7.3.4.2 Screen Printing
   7.3.4.3 Flexography
  7.3.5 Historic and Forecasted Market Size By By Application
   7.3.5.1 Sensors
   7.3.5.2 Displays
   7.3.5.3 RFID Tags
  7.3.6 Historic and Forecast Market Size by Country
   7.3.6.1 Bulgaria
   7.3.6.2 The Czech Republic
   7.3.6.3 Hungary
   7.3.6.4 Poland
   7.3.6.5 Romania
   7.3.6.6 Rest of Eastern Europe
 7.4. Western Europe Functional Printing Market
  7.4.1 Key Market Trends, Growth Factors and Opportunities
  7.4.2 Top Key Companies
  7.4.3 Historic and Forecasted Market Size by Segments
  7.4.4 Historic and Forecasted Market Size By Technology
   7.4.4.1 Inkjet Printing
   7.4.4.2 Screen Printing
   7.4.4.3 Flexography
  7.4.5 Historic and Forecasted Market Size By By Application
   7.4.5.1 Sensors
   7.4.5.2 Displays
   7.4.5.3 RFID Tags
  7.4.6 Historic and Forecast Market Size by Country
   7.4.6.1 Germany
   7.4.6.2 UK
   7.4.6.3 France
   7.4.6.4 Netherlands
   7.4.6.5 Italy
   7.4.6.6 Russia
   7.4.6.7 Spain
   7.4.6.8 Rest of Western Europe
 7.5. Asia Pacific Functional Printing Market
  7.5.1 Key Market Trends, Growth Factors and Opportunities
  7.5.2 Top Key Companies
  7.5.3 Historic and Forecasted Market Size by Segments
  7.5.4 Historic and Forecasted Market Size By Technology
   7.5.4.1 Inkjet Printing
   7.5.4.2 Screen Printing
   7.5.4.3 Flexography
  7.5.5 Historic and Forecasted Market Size By By Application
   7.5.5.1 Sensors
   7.5.5.2 Displays
   7.5.5.3 RFID Tags
  7.5.6 Historic and Forecast Market Size by Country
   7.5.6.1 China
   7.5.6.2 India
   7.5.6.3 Japan
   7.5.6.4 South Korea
   7.5.6.5 Malaysia
   7.5.6.6 Thailand
   7.5.6.7 Vietnam
   7.5.6.8 The Philippines
   7.5.6.9 Australia
   7.5.6.10 New Zealand
   7.5.6.11 Rest of APAC
 7.6. Middle East & Africa Functional Printing Market
  7.6.1 Key Market Trends, Growth Factors and Opportunities
  7.6.2 Top Key Companies
  7.6.3 Historic and Forecasted Market Size by Segments
  7.6.4 Historic and Forecasted Market Size By Technology
   7.6.4.1 Inkjet Printing
   7.6.4.2 Screen Printing
   7.6.4.3 Flexography
  7.6.5 Historic and Forecasted Market Size By By Application
   7.6.5.1 Sensors
   7.6.5.2 Displays
   7.6.5.3 RFID Tags
  7.6.6 Historic and Forecast Market Size by Country
   7.6.6.1 Turkey
   7.6.6.2 Bahrain
   7.6.6.3 Kuwait
   7.6.6.4 Saudi Arabia
   7.6.6.5 Qatar
   7.6.6.6 UAE
   7.6.6.7 Israel
   7.6.6.8 South Africa
 7.7. South America Functional Printing Market
  7.7.1 Key Market Trends, Growth Factors and Opportunities
  7.7.2 Top Key Companies
  7.7.3 Historic and Forecasted Market Size by Segments
  7.7.4 Historic and Forecasted Market Size By Technology
   7.7.4.1 Inkjet Printing
   7.7.4.2 Screen Printing
   7.7.4.3 Flexography
  7.7.5 Historic and Forecasted Market Size By By Application
   7.7.5.1 Sensors
   7.7.5.2 Displays
   7.7.5.3 RFID Tags
  7.7.6 Historic and Forecast Market Size by Country
   7.7.6.1 Brazil
   7.7.6.2 Argentina
   7.7.6.3 Rest of SA

Chapter 8 Analyst Viewpoint and Conclusion
8.1 Recommendations and Concluding Analysis
8.2 Potential Market Strategies

Chapter 9 Research Methodology
9.1 Research Process
9.2 Primary Research
9.3 Secondary Research