Industrial screen printing refers to a printing technique where a mesh is used to transfer ink onto a substrate, which can be textiles, plastics, metals or ceramics. In industrial screen printing, emulsion-coated screen meshes are used which blocks the ink from passing through in the open areas of the screen during printing. Some key applications of industrial screen printing include printing on textiles like t-shirts, caps and other apparel, printing circuit boards, and surface mounting technologies. Growing demand for short-run digital printing from various end-use industries like packaging, electronics and construction is expected to fuel the demand for industrial screen printing techniques. Short-run digital printing is more cost-effective for printing in small batches as compared to traditional printing techniques.
The global Industrial Screen Printing Market is estimated to be valued at US$ 7.87 Bn in 2023 and is expected to exhibit a CAGR of 4.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
Growing demand for short-run digital printing from various industries is one of the key drivers propelling the growth of the industrial screen printing market during the forecast period. Short-run digital printing requires specialized production equipment that can print various designs on a substrate using industrial screen printing techniques like silkscreen printing. This allows companies to cater to customized printing demands from consumers in a cost-effective manner. Additionally, new product innovations in screen printing machines with enhanced printing capabilities for applications such as electrical components and optoelectronics are also fueling the adoption of industrial screen printing processes across industries. Leading manufacturers are focusing on offering advanced screen printing systems integrated with automation, which minimizes manual labor and improves printing consistency.
Segment Analysis
The global industrial screen printing market can be segmented based on material type, printing inks, application, and region. Under material type, the textile segment dominates the market, accounting for around 30% share in 2022. Textiles constitute a key application area for screen printing due to the process’s ability to print vibrant graphics and visuals on fabrics. The packaging segment is another major sub-segment, growing at a steady pace on the back of rising demand from the food and beverages industry.
PEST Analysis
Political: Any changes in regional trade policies could impact the transportation of raw materials and printed products. However, no major political risks exist currently.
Economic: The market is bolstered by strong GDP growth in developing nations leading to increased industrial and manufacturing activities. Any slowdown in global or regional economies may adversely impact demand.
Social: Growing urbanization and rising disposable incomes are driving demand for personalized, decorated, and branded consumer products, thus benefiting the market.
Technological: Automation in screen printing processes has increased efficiency and productivity while reducing costs. Further advancements in printing inks and digital technologies will support the market.
Key Takeaways
The Global Industrial Screen Printing Market Growth is expected to witness high over the forecast period, driven by increasing applications in textiles, packaging, and electronics industries. The global Industrial Screen Printing Market is estimated to be valued at US$ 7.87 Bn in 2023 and is expected to exhibit a CAGR of 4.9% over the forecast period 2023 to 2030.
Regional analysis: The Asia Pacific region is projected to continue dominating the global market during the forecast period, growing at a CAGR of around 5%. China, India, Japan, and other Southeast Asian countries are major revenue generators. Their large manufacturing bases and growing industrial output is driving increasing adoption of screen printing technologies across various end-use sectors.
Key players: Key players operating in the industrial screen printing market are ITT Corporation, Durst Group, Konica Minolta, Inc., Kornit Digital, ROQ International, SAWGRASS Technologies, Epson, ColDesi, HP Development Company, and The M&R Companies.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it