Functional Printing Market

Functional Printing Market

Functional Printing Market Forecasts to 2028 - Global Analysis By Materials (Inks and Substrates), Technology (Flexography, Inkjet Printing, Gravure Printing, Screen Printing and Other Technologies), Application and Geography

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4.2 (70 reviews)
Published: 2023 ID: SMRC22478

This report covers the impact of COVID-19 on this global market

Years Covered


Estimated Year Value (2022)

US $11.63 BN

Projected Year Value (2028)

US $30.01 BN

CAGR (2022 - 2028)


Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

North America

Highest Growing Market

Asia Pacific

According to Stratistics MRC, the Global Functional Printing Market is accounted for $11.63 billion in 2022 and is expected to reach $30.01 billion by 2028 growing at a CAGR of 17.1% during the forecast period. Functional printing is two-dimensional or three-dimensional printing that tries to make anything we do more functional. A 3D printer, printed electronics, and RFID are all examples of useful printing uses. Functional printing is a cutting-edge printing technology that is employed in a variety of industries including automotive, electronics, health care, textiles, and paper. Functional printing is used to mass-produce light crystal displays (LCDs), radio-frequency identification (RFID) chips, organic light-emitting diode (OLED), sensors, and photovoltaic cells.

According to Invest India, the Indian e-commerce market is estimated to be worth over USD 55 billion in gross merchandise value in 2021. It is set to reach USD 350 billion by 2030.

Market Dynamics:


Easy availability of wide range of substrates

The printing processes have been shown to be very efficient and compatible with flexible polymeric materials such as inks and substrates. Flexible substrates for a wide range of applications such as sensor, display, lighting, battery, photovoltaic, and others are thus in high demand. They improve efficiency, comprehension, and evaluation of the various characteristics given by functional printing techniques. All of these factors are expected to drive the growth of the functional printing market over the anticipated period.


Complex printing methods and lack of experts

The market is hampered by the complexity of printing technologies. The functional printing can produce very exact reproductions. Only experts can handle it. There is a considerable possibility of errors due to the high accuracy and complexity of printing. The complex method of functional printing may have an impact on the growth of the functional printing market. The shortage of expertise in some locations can lead to significant drops in market adoption.


Technological advancements

Technological improvements will open up significant growth potential in the functional printing market. The increased demand for inkjet markers, in particular, will create a large opportunity. Inkjet printing is a multibillion-dollar industry with numerous applications. It can be used for art printing, electronic printing, and biochip manufacture. Inkjet technology developments will lead to market increase. Improvements in run time, volume expansion, and productivity will open up new opportunities for growth.


Rising need of accuracy

The increasing necessity for high accuracy to achieve the intended outcome is the key impediment to the growth of the functional printing industry. Functional printing is a cutting-edge technique. This printing technology and technique are cutting-edge. There are fewer systems that support printing. This current printing technique's lack of compatibility is a challenge. Many businesses and industries still rely on outdated technology. The company's expenses may rise as a result of the transition to a new system.

Covid-19 Impact

The covid-19 has caused widespread destruction and several casualties. Supply chain interruptions were caused by the lockdown imposed in numerous places. As a result, an imbalance in demand and supply was seen, resulting in enterprises not producing to full capacity. However, lockdowns were lifted in the third quarter of 2020, resulting in a steady recovery of the market and a major surge in demand. The government established restrictions and personnel limits in order to keep industries working during these difficult times. Furthermore, the market is expected to rebound when individual regulatory authorities begin to relax these imposed lockdowns. The operations that have been suspended or cancelled will continue, and the functional printing market is expected to grow.

The inkjet technology segment is expected to be the largest during the forecast period

The inkjet technology segment is estimated to have a lucrative growth. The first notable application of inkjet technology was the production of low-cost office and graphic arts printers, which has evolved into a multibillion-dollar industry. It has expanded into new markets as technology has advanced, including as product decoration, flat panel display fabrication, biochip manufacturing, and printable electronics. Inkjet printing is growing popularity due to its multiple advantages in various supply chains.

The RFID Tags segment is expected to have the highest CAGR during the forecast period

The RFID Tags segment is anticipated to witness the fastest CAGR growth during the forecast period. Printed UHF-RFID offers supply chain management integration with daily objects or packaging by printing the antenna on a flexible substrate that is adhered to the object or directly on the packaging. Furthermore, the region's developing retail sector is projected to promote RFID tag use, driving market expansion. RFID removes the need for staff to manually scan items and automates the tracking of merchandise from the warehouse to the store floor, driving industry growth and expanding the global functional printing market.

Region with largest share:

North America is projected to hold the largest market share during the forecast period owing to presence of most of the functional printing equipment & material producers in the region. Furthermore, the area is predicted to drive the expansion of the functional printing market due to the increasing need for near field communication, as well as the adoption of modern technologies and the prevalence of enhanced infrastructure.

Region with highest CAGR:

Asia-Pacific is projected to have the highest CAGR over the forecast period, owing to the rising prevalence of multi-prominent electronic companies within the region. The Asia Pacific region is predicted to provide enormous potential opportunities for the functional printing industry, with China and India expected to drive the majority of regional growth. Other drivers projected to boost the Asia Pacific functional printing market include significant expansion in the consumer electronics industry, as well as rising demand for sensors in wearable electronics in emerging nations such as India and China.

Key players in the market

Some of the key players profiled in the Functional Printing Market include AGFA - Gevaent Corporation, GSI Technologies LLC, Toyo Ink Sc Holding Co. Ltd, Xennia Technology Limited, Optomec Inc., BASF SE, GSI Technologies LLC, Blue Spark Technologies, Eastman Kodak, Company Ltd, ALTANA AG, Optomec Inc., Vorbeck Materials Corporation, Isorg, Xaar PLC, Duratech Industries Inc and E Ink Holdings Inc

Key Developments:

In April 2022, Blue Spark Technologies, Aon joined a $40 million intellectual property-based financing solution sponsored by GT Investment Partners (“Ghost Tree Partners”) to fund the development. The funds will be used to expand Blue Spark’s sales and marketing responsibilities and enhance the company’s wearable remote patient monitoring solutions.

In Jan 2020, BASF completed the purchase of Solvay’s polyamide division. The European Union Commission accepted Domo Chemicals, Leuna, Germany, as the buyer of BASF’s European polyamide company, which BASF could not buy under the authorities’ requirements. As a part of the deal, BASF’s polyamide capabilities will be expanded, including novel products. It also improves the company’s access to emerging markets in Asia, North America, and South America.

Materials Covered:
• Inks
• Substrates

Technologies Covered:
• Flexography
• Inkjet Printing
• Gravure Printing
• Screen Printing
• Other Technologies

Applications Covered:
• Battery
• Photovoltaic
• Sensors
• Displays
• Lighting
• RFID Tags
• Other Applications

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Functional Printing Market, By Materials
5.1 Introduction
5.2 Inks
5.2.1 Conductive Inks Conductive Copper Inks Conductive Silver Inks
5.2.2 Dielectric Inks
5.2.3 Graphene Ink
5.2.4 Other Inks
5.3 Substrates
5.3.1 Plastic Polyethylene Terephthalate (PET) Polyethylene Naphthalate (PEN)
5.3.2 Gallium Nitride (GAN)
5.3.3 Silicon Carbide
5.3.4 Paper
5.3.5 Other Substrates

6 Global Functional Printing Market, By Technology
6.1 Introduction
6.2 Flexography
6.3 Inkjet Printing
6.4 Gravure Printing
6.5 Screen Printing
6.6 Other Technologies

7 Global Functional Printing Market, By Application
7.1 Introduction
7.2 Battery
7.3 Photovoltaic
7.4 Sensors
7.5 Displays
7.6 Lighting
7.7 RFID Tags
7.8 Other Applications

8 Global Functional Printing Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa

9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies

10 Company Profiling
10.1 AGFA - Gevaent Corporation
10.2 GSI Technologies LLC
10.3 Toyo Ink Sc Holding Co. Ltd
10.4 Xennia Technology Limited
10.5 Optomec Inc.
10.6 BASF SE
10.7 GSI Technologies LLC
10.8 Blue Spark Technologies
10.9 Eastman Kodak Company Ltd
10.11 Optomec Inc.
10.12 Vorbeck Materials Corporation
10.13 Isorg
10.14 Xaar PLC
10.15 Duratech Industries Inc
10.16 E Ink Holdings Inc

List of Tables
1 Global Functional Printing Market Outlook, By Region (2020-2028) ($MN)
2 Global Functional Printing Market Outlook, By Materials (2020-2028) ($MN)
3 Global Functional Printing Market Outlook, By Inks (2020-2028) ($MN)
4 Global Functional Printing Market Outlook, By Conductive Inks (2020-2028) ($MN)
5 Global Functional Printing Market Outlook, By Conductive Copper Inks (2020-2028) ($MN)
6 Global Functional Printing Market Outlook, By Conductive Silver Inks (2020-2028) ($MN)
7 Global Functional Printing Market Outlook, By Dielectric Inks (2020-2028) ($MN)
8 Global Functional Printing Market Outlook, By Graphene Ink (2020-2028) ($MN)
9 Global Functional Printing Market Outlook, By Other Inks (2020-2028) ($MN)
10 Global Functional Printing Market Outlook, By Substrates (2020-2028) ($MN)
11 Global Functional Printing Market Outlook, By Plastic (2020-2028) ($MN)
12 Global Functional Printing Market Outlook, By Polyethylene Terephthalate (PET) (2020-2028) ($MN)
13 Global Functional Printing Market Outlook, By Polyethylene Naphthalate (PEN) (2020-2028) ($MN)
14 Global Functional Printing Market Outlook, By Gallium Nitride (GAN) (2020-2028) ($MN)
15 Global Functional Printing Market Outlook, By Silicon Carbide (2020-2028) ($MN)
16 Global Functional Printing Market Outlook, By Paper (2020-2028) ($MN)
17 Global Functional Printing Market Outlook, By Other Substrates (2020-2028) ($MN)
18 Global Functional Printing Market Outlook, By Technology (2020-2028) ($MN)
19 Global Functional Printing Market Outlook, By Flexography (2020-2028) ($MN)
20 Global Functional Printing Market Outlook, By Inkjet Printing (2020-2028) ($MN)
21 Global Functional Printing Market Outlook, By Gravure Printing (2020-2028) ($MN)
22 Global Functional Printing Market Outlook, By Screen Printing (2020-2028) ($MN)
23 Global Functional Printing Market Outlook, By Other Technologies (2020-2028) ($MN)
24 Global Functional Printing Market Outlook, By Application (2020-2028) ($MN)
25 Global Functional Printing Market Outlook, By Battery (2020-2028) ($MN)
26 Global Functional Printing Market Outlook, By Photovoltaic (2020-2028) ($MN)
27 Global Functional Printing Market Outlook, By Sensors (2020-2028) ($MN)
28 Global Functional Printing Market Outlook, By Displays (2020-2028) ($MN)
29 Global Functional Printing Market Outlook, By Lighting (2020-2028) ($MN)
30 Global Functional Printing Market Outlook, By RFID Tags (2020-2028) ($MN)
31 Global Functional Printing Market Outlook, By Other Applications (2020-2028) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.

Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.

For more details about research methodology, kindly write to us at

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