The global Industrial Screen Printing Market is estimated to be valued at US$ 7.87 billion in 2022 and is expected to exhibit a CAGR of 15.7% over the forecast period 2023 - 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Industrial screen printing involves applying ink through a stencil or a screen mesh to print images or designs onto substrates like textiles, ceramics, glass, metal and plastics. Screen printing equipment provide advantages like high-volume production, adhesion to various surfaces and designs within tight registration tolerances. The growing demand for screen printed products from various end-use industries is driving the need for screen printing equipment.
Market key trends:
One of the key trends gaining traction in the industrial screen printing market is the increasing demand for digital or automated screen printing equipment. Automated screen printing helps reduce turnaround times and labor costs compared to manual screen printing. It allows on-demand printing with precise registration and quality control. Features like built-in image processing, automatic ink deposition and curing enhances productivity. This is encouraging screen printers to replace older manual equipment with advanced digital printing systems.
Segment Analysis
The global industrial screen printing market is segmented by technology, substrate, and application. Based on technology, the market is segmented into analog screen printing and digital screen printing. Analog screen printing dominates the market and accounts for over 70% share as it is more cost effective for high volume production. Digital screen printing is the fastest growing segment and is expected to witness a CAGR of over 18% during the forecast period.
Key Takeaways
The global Industrial Screen Printing Market size is expected to reach US$ 7.87 billion in 2023, exhibiting a CAGR of 15.7% during the forecast period from 2023 to 2030. Growth can be attributed to increasing demand for customized printing from various end-use industries.
Regionally, North America dominates the market and accounts for over 35% share owing to well-established automotive and textile industries in the US and Canada. Asia Pacific is expected to witness the fastest growth during the forecast period with a CAGR of over 17% led by emerging economies like China and India with growing manufacturing sectors.
Key players operating in the industrial screen printing market are M&R Printing Equipment, MHM Siebdruckmaschinen GmbH, Lawson Screen & Digital Products, Sakurai USA, SPS TechnoScreen GmbH, ATMA Champ Ent. Corp., Systematic Automation, DECO TECHnology Group, TOSH (Italy), Thieme GmbH & Co. KG. Players are focussing on developing innovative digital screen printing technologies to cater to increasing demand for customized and short run printing applications.
The Screen Printing Inks Market research report provides the latest industry data, growth, key segments and future trends on the basis of the detailed study.
This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Screen Printing Inks Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/screen-printing-inks-market/download-sampleMarket DynamicsGrowing demand for these inks from the packaging industry is expected to enhance the global market.
Macroeconomic factors which include growing disposable income of the major population and environmental influence and increase in consumer awareness about the wellness are some of the current trends impacting the packaging industry across the globe.
Moreover, increase in preference for online reading coupled with the rise in e-commerce industry is likely to fuel the demand for market during the forecast timeframe.
However, high VOC emissions related with solvent-based inks is expected to hinder the market.
