by Industrial screen printing refers to a printing technique where a mesh is used to transfer ink onto a substrate, except in a production line environment. In industrial screen printing, a squeegee is moved across the screen to fill the open mesh apertures with ink, and a reverse stroke then causes ink to be deposited onto a substrate. Industrial screen printing technology is widely used in applications such as textiles, packaging, electronics, and more. For instance, screen printing is extensively used for printing labels, corrugated packaging, flexible packaging, and consumer durable goods. Many food and beverage manufacturers utilize screen printing for labels and decoration. The packaging of cosmetics, pharmaceuticals, automotive components, and various consumer goods also involves screen printing. 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 9.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics
The packaging industry has been growing steadily over the past few years. According to the Institute of Packaging Professionals, the packaging industry has grown at a rate of 3-4% annually. The thriving packaging sector has significantly driven the demand for screen printing technology. Industrial screen printing provides an economical and effective solution for printing on a range of substrates used in the packaging industry such as paper, plastic films, glass, and metal foils. Screen printing is ideal for short-run and variable printing requirements of the packaging sector. Furthermore, technological advancements in screen printing machinery catering to the needs of the packaging industry have also contributed to the growth of the market. However, factors such as availability of substitutes such as digital printing and volatility in raw material prices may impede the market growth.
Segment Analysis
The global industrial screen printing market is dominated by textile screen printing sub-segment which holds around 55% of the total market share. Textile screen printing is dominating the market as it is ideal for printing on fabric materials such as t-shirts, apparels and other textile products which have high demand. Other major sub-segments include automotive screen printing, electronics screen printing and furniture screen printing.
PEST Analysis
Political: The market is positively impacted by supportive government policies and initiatives aimed at promoting growth of manufacturing sector. Many governments provide subsidies and tax benefits to industrial screen printing companies.
Economic: Growth of end-use industries such as textile, automotive and electronics is a key driver of market growth. Increasing urbanization and disposable incomes globally are increasing demand for printed products. Technological advancements are helping reduce production costs.
Social: Changing fashion trends and increasing branding and marketing activities are driving demand for customized, high quality printed products. Social media marketing is fueling growth of textile and apparel industries.
Technological: Digital printing technologies are gaining popularity for short run jobs. However, screen printing still dominates for mass production due to lower per unit costs. UV curable inks and automatic screen mounting machines are boosting efficiencies.
Key Takeaways
The Global Industrial Screen Printing Market Growth is expected to witness high growth during the forecast period of 2023 to 2030. The Asia Pacific region dominates the market and is expected to continue its dominance owing to presence of flourishing industries such as textile and electronics in countries such as China, India and Japan. China is the largest consumer of industrial screen printing globally, accounting for over 30% of the total market share.
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. The key players are focused on innovations such as development of automated screen mounting machines and UV curable inks to strengthen their market position. investments in research & development of new technologies is a key strategy adopted by market players.
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1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
