Functional Printing Market Size, Opportunities 2024-2030

According to Precision Business Insights (PBI), the latest report, the market value of the Functional Printing Market size was valued at USD 14,568.9 million in 2023, growing at a 22.3% CAGR from 2024 to 2030. The primary factors that drive the market are the easy availability of a wide range of substrates in the market and rising demand due to environmental concerns owing to an increase in the overall production of functional printers in the market.

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The Functional Printing Market Detailed Segmentation:
Based on the technology, the market is segmented into the following:
• Inkjet Printing
• Screen Printing
• Gravure Printing
• Flexography

Based on the material type, the market is segmented into the following:
• Substrate
• Inks

Based on the application, the market is segmented into the following:
• Display
• Sensors
• Batteries
• RFID tags
• Lightening
• Photovoltaic

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Inkjet Printing to Dominate the Functional Printing Market:
Based on printing technology, inkjet printers hold the highest market share. The adoption of functional printing techniques raises the overall demand in the market, the easy availability of substrates such as sensors, battery, display, and photovoltaic and their applications in the market, the major growth factor in this segment that the use of inkjet printing gives great photos and image-heavy document also convenient to use, low-cost investment of inkjets rises the demand in the market. These factors can drive the Functional Printing Market growth.

Based on the region, the market is segmented into the following:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Asia Pacific region is expected to grow significantly in the functional printing market size over the forecast period, this is attributed to the increasing applications of printing creating lucrative opportunities in the Asian countries, China and India are expected to steer the bulk regional growth in the forecast years, also availability of major key players in the region.

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Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The Functional Printing Market further reveals that the key players are implementing strategies such as the extension of product collection through research and development activities, product launches, acquisitions, mergers, and strategic alliances to improve their market position and strengthen the market revenue share.

Key players' profiles in the Functional Printing Market report are Blue Spark Technologies, Avery Dennison Corporation, Dura-Tech Industries, E Ink Holdings Inc., Eastman Kodak Company, Enfucell Oy, European Securities and Markets Authority, Nissha Co., Ltd., ISORG, Mark Andy Inc., Nanosolar Corporation, Novaled GmbH, Optomec, Inc., Toppan Inc, Toyo Ink Sc Holdings Co. Ltd, Trident Limited, India, Xaar plc., Haiku Tech, and Display Corporation International Inc

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This release was published on openPR.