by The Industrial Screen Printing Market is estimated to be valued at US$ 7.87 Billion in 2023 and is expected to exhibit a CAGR Of 15.7% over the forecast period 2023 – 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Industrial screen printing refers to a printing technique where a mesh is used to transfer ink onto a substrate, such as textiles, plastic films, glass, metals and various other materials. In this process, a bolted or clamped screen is filled with a viscous substance. This substance is scraped through the mesh using a squeegee, transferring the squeezed substance onto the substrate beneath the screen forming an accurate representation of the image. Industrial screen printing is extensively used for printing logos and designs on numerous consumer products including clothing, cups, bags and other commodities.
Market Dynamics:
The growing demand for customized and personalized products across industries such as apparel, textile, packaging and electronics is expected to drive the growth of industrial screen printing market over the forecast period. Customization allows consumers to express their personality and style through customized designs and graphics printed on products of their choice. Furthermore, continuous advancements in screen printing technologies such as digital printing with UV-curable inks and automatic printing machines have increased productivity and improved print quality, thereby fueling the market growth. Adoption of new screen printing techniques such as rotary screen printing and hybrid screen printing combining conventional and digital printing is also estimated to propel the market expansion.
Segment Analysis
The global industrial screen printing market is dominated by the conventional printing segment due to ease of use, cost-effectiveness and widespread availability of conventional printing machines and inks. Conventional screen printing is expected to account for over 70% share of the total industrial screen printing market in 2023 owing to rising demand from textile and packaging applications.
PEST Analysis
Political: There are no significant political risks impacting the industrial screen printing market globally.
Economic: The market is expected to grow at a steady pace owing to expanding manufacturing sector and growth in end-use industries like textiles, packaging and electronics.
Social: Rising population and urbanization are increasing demand for consumer goods which utilize screen printed packaging and labels. Changing lifestyle and growing fashion consciousness favors the textile industry.
Technological: Digital printing is gaining traction however for large volume applications, conventional screen printing still remains economical due to lower operating costs per unit.
Key Takeaways
The global Industrial Screen Printing Market is expected to witness high growth, exhibiting CAGR of 15.7% over the forecast period, due to increasing demand from textiles and packaging industries. The market size is projected to reach US$ 7.87 billion in 2023.
Regional analysis indicates North America accounts for around 25% share of the global market owing to strong presence of packaging converters and clothing manufacturers in the US. Asia Pacific registers fastest growth led by China due to low-cost manufacturing and availability of raw materials.
Key players operating in the industrial screen printing market are M&R Printing Equipment, MHM Siebdruckmaschinen GmbH, Lawson Screen & Digital Products, Sakurai USA, SPS TechnoScreen GmbH, ATMA Champ Ent. Corp., Systematic Automation, DECO TECHnology Group, TOSH (Italy), Thieme GmbH & Co. KG. These players focus on expanding their product portfolios through continuous technological innovation.
*Note:
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it
