The process of adding functionality to 2D and 3D silicon-based components is known as functional printing. It entails the printing of various electrical components on substrates with ink. Screen, flexography, and inkjet printing processes are often used to print on a variety of substrates such as glass, paper, and paper utilizing dielectric inks, conductive copper and silver inks, and grapheme inks. The rise in demand for low-cost, high-volume electronic component production, as well as surge in awareness about environmental sustainability, has fueled the expansion of the global functional printing industry. Functional printing is a cutting-edge printing technique with applications in a variety of industries, including automotive, electronics, health care, textiles, and paper. Functional printing is used in the mass production of a variety of electronic devices, including light crystal displays (LCDs), radio-frequency identification (RFID) chips, organic light emitting diode (OLED), sensors, and photovoltaic cells.
The Functional Printing Market share is segmented on the basis of technology, material type, application, and region. Based on technology, the market is bifurcated into inkjet printing, screen printing, flexography, gravure printing, others. By material type, it is categorized into substrates, & inks. Based on application, the market is bifurcated into sensors, displays, batteries, rfid tags, lighting, photovoltaic. Based on region, the market is analyzed across North America (the U.S. and Canada), Europe (Germany, the UK, France, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
Key players operating in the Functional Printing Market include BASF SE, Blue Spark Technologies, DuraTech Industries, E Ink Holdings Inc., Eastman Kodak Company., Enfucell, ESMA., Nissha GSI Technologies, Isorg, and Mark Andy Inc. These players adopt collaboration, partnership, and agreement as their key developmental strategies to increase revenue of the Functional Printing industry and develop new products for enhancing product portfolio.
COVID-19 scenario Analysis:
The worldwide quarantine imposed in response to the COVID-19 outbreak has resulted in an economic catastrophe that has thrown practically every business into disarray. The COVID-19 pandemic is impacting the society and overall economy across the global. The impact of this outbreak is growing day-by-day as well as affecting the supply chain. It is creating uncertainty in the stock market, falling business confidence, massive slowing of supply chain, and increasing panic among customers. European countries under lockdowns have suffered a major loss of business and revenue due to shutdown of manufacturing units in the region. Operations of production and manufacturing industries have been heavily impacted by the outbreak of COVID-19, which has led to slowdown in growth of the functional printing market analysis in 2020.
In response of COVID-19's long-term implications, governments are attempting to address the problem by enacting beneficial initiatives and policies such as financial packages, lower interest rates, and tax exemptions. Despite the world's efforts to find a COVID-19 breakthrough, the functional printing market size is expected to rebound to a great level during the forecasted period.
Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
The increase in demand for low-cost, dependable, and sturdy electronic devices such as RFID antennas and sensors all over the world is one of the primary factors driving the worldwide growth. The worldwide functional printing industry is experiencing growth owing to the introduction of new types of substrate materials and inks. The benefits of functional printing, such as minimal material waste and low power consumption, are driving the market for functional printing, which is ultimately an effort to lessen the negative environmental impact of the electronics sector.
However, the electrically functional inks currently employed for functional printing have limitations, limiting the market's expansion. Furthermore, the functional printing processes employed were not designed specifically for the printing of electronic devices. Companies have yet to fully use the promise of functional printing in the manufacturing of electrical products since such procedures have been updated for functional printing.
The global functional printing market trends are as follows:
Increase in the Demand of Inkjet Printing
The first major application of inkjet technology was the manufacture of low-cost office and graphic arts printers, which has evolved into a multibillion-dollar industry. It has expanded into new markets like as product decoration, flat panel display fabrication, biochip production, and printable electronics with the advancement of technology. These, as well as other uses, are critical if the sector is to remain healthy. Inkjet printing is becoming more popular as it offers considerable benefits across a variety of supply chains. Furthermore, the technology is projected to develop globally, with the rise in need for 3D printing. Furthermore, the use of cut-sheet inkjet printers will almost certainly result in a virtuous cycle of application and page volume expansion.
Increase in Demand of RFID Tags
Printed UHF-RFID allows for supply chain management integration with daily objects or packaging by printing the antenna on a flexible substrate that is affixed to the object or directly on the packaging. Furthermore, the region's growing retail industry is expected to increase the adoption of RFID tags, boosting market growth. RFID replaces the practice of staff manually scanning products and automates the tracking of merchandise throughout the retail supply chain, from the warehouse to the store floor.
Key benefits of the report:
- This study presents the analytical depiction of the global functional printing industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the functional printing market share.
- The current market is quantitatively analyzed to highlight the functional printing market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed functional printing market analysis based on competitive intensity and how the competition will take shape in coming years.
- The report contains functional printing market forecast considering 2020 as a base year.
- The report presents information on the functional printing market opportunities to track potential regions and country.
- The functional printing market outlooks the future scope and estimates the percentage growth.
Questions answered in the Market research report:
- What are the leading market players active in the market?
- What the current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What are the projections for the future that would help in taking further strategic steps?
Functional Printing Market Report Highlights
| Aspects | Details |
 By Material |
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 By Printing Technology |
|
 By Application |
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 By Region |
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 Key Market Players | Avery Dennison Corporation, Blue Spark Technologies, Duratech Industries Inc, E Ink Holdings Inc, Gsi Technologies LLC, BASF SE, Eastman Kodak Company, Esma, Enfucell OY, Isorg |
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