Press release
Roll to Roll Printing Market to Achieve A High CAGR by the end of Forecast Period 2031
According to a market analysis, revenue for the global roll-to-roll printing market is expected to increase US$ 62 billion by 2031. Due to service providers' ongoing emphasis on product innovation, the industry is expected to experience tremendous growth over the next few years.Roll to Roll printing technology has transformed the ways in which products are designed, developed, manufactured, and distributed. Advantages of roll to roll printing over traditional manufacturing open plenty of opportunities for industry verticals, spanning from product design and development, and customization services to restructuring of the supply chain for higher efficiency. Continuous innovations and upgrades made in roll to roll printing services can help attract a wide range of customers operating in different industry verticals.
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Persistence Market Research's study covers comprehensive insights about market trends, value (US$ Mn) projections, recent developments, and dynamics in the roll to roll printing market for the forecast period 2031. The report tracks the global value of roll to roll printing in 20+ high-growth markets, along with analyzing the impact COVID-19 has had on roll to roll printing and the overall printing industry.
How is Enhanced Manufacturing and Supply Chain Realignment Propelling Demand for Roll to Roll Printing?
Roll to roll printing technology is making the manufacturing model undergo profound changes, and is allowing the overcoming challenges of traditional technologies by offering less processing time, material saving, and increase efficiency of industrial production. It offers a wide range of applications, which include manufacturing of electronic components such as RFID antennas, membrane switch assemblies, flexible circuits, and others.
Apart from this, as the distance between production and consumption is getting reduced, established supply chain models based on economies of scale are being challenged by new customer-supplier relationships, which is driven by the Internet and social media. Companies, therefore, need to look for highly developed digital technologies to remain competitive, and also must cope up with these technologies for seamless integration between customers and suppliers.
Why is Customization of Products Leading the Roll to Roll Printing Market?
Nowadays, customers are purchasing economical merchandised products to present gifts to their loved ones, which is indirectly driving the market. Companies are offering a new range of products to customers for customization, such as synthetic or waterproof paper, carbonless laser paper, personalized packaging, corporate gifts, greeting cards, T-shirts, mug, signs & banners, labels, and many more.
Consumers are attracted toward unique and eye-catching media, personalized printed materials, and single substrates offered in small quantities. Also, printer manufacturing companies are focusing on building innovative roll to roll printers, which can display low costs and high-quality printing products.
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Market Share Analysis
The roll to roll printing market is estimated to be fragmented over the forecast period. This projected high fragmentation is attributed to the revenue generated by new start-ups and other established small- and medium-sized roll to roll printing solution providers. Market leaders are companies that individually hold a market share of above 10%. This group includes giants such as Samsung Electronics and Agfa-Gevaert Group.
Companies with a market share of above 5% and below 10% are promising players. These companies are likely to showcase a quick growth trend and harness the opportunities that the global market has to offer to accommodate business expansion and revenue generation. This group consists of companies such as Molex, LLC, Multek Corporation, LG Display Ltd., and Nissha USA.
Companies that have a relatively lower size with a market share worth less than 5% are strategizing to attract new clientele in foreign markets. Emerging players are DuPont, Electronics for Imaging, and Seiko Epson Corporation, among others.
Competitive Landscape
Roll to roll printing relies on multiple expansion strategies to deepen penetration across lucrative markets. These strategies include collaborations with key players, product launches, acquisitions partnerships, and strengthening of regional and global distribution networks.
For instance, Nissha USA, Inc., through one of its subsidiaries (AR Metallizing N.V.), in January 2020, acquired all shares of Eurofoil - Paper Coating GmbH, a German manufacturer of metallized paper, in order to strengthen its position in eco-friendly, paper-based packaging, and labelling materials in the European region. This acquisition allowed the company to expedite the development of new products by utilizing Eurofoil - Paper Coating GmbH's processing technology.
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Some of the leading companies providing roll to roll printing are:
Multek Corporation
Samsung Electronics
Agfa-Gevaert Group
Molex
Nissha USA
Nippon Mektron, Ltd.
DuPont
BASF
Novacentrix
Seiko Epson Corporation
Key Segments Covered
Component
Application
Industry
Region
Key Regions Covered
North America
Europe
Middle East & Africa
Rest of the World
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