by Industrial screen printing is used across various industries such as textiles, packaging, advertising and others for mass production of designs and patterns on substrates. It offers benefits such as high productivity, cost effectiveness and ability to print on various surfaces.
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 key trends:
Technological advancements in screen printing equipment are facilitating increased automation and productivity. Introduction of automated screen printing machines integrated with advanced digital software allows for precise and repetitive printing. Such automated equipment reduces manual intervention and labor costs while improving printing accuracy and speed. Auto-adjusted squeegees and automated screen cleaning systems further enhance printing efficiency. Growing demand for short-run personalized printing is also fueling innovation in digital screen printing technology.
SWOT Analysis
Strength: The industrial screen printing market offers high-quality, mass printing capabilities at competitive prices. It allows for large-scale production runs with minimal waste.
Weakness: Industrial screen printing requires larger upfront investments in equipment compared to other printing methods. Maintaining tight registration and control over print quality can also be challenging for complex designs.
Opportunity: Growing demand for short-run customized printing from various end-use industries offers opportunities for vendors. Advancements in digital printing technologies are also enabling hybrid screen/digital printing solutions.
Threats: Stringent environmental regulations around solvent-based inks pose challenges. Rising popularity of affordable digital printing threatens volumes for standard screen printing applications.
Key Takeaways
The Global Industrial Screen Printing Market Growth is expected to witness high growth over the forecast period of 2023 to 2030 supported by its widespread application across various end-use industries. The market size for industrial screen printing was valued at US$ 7.87 Bn in 2023 and is anticipated to expand at a CAGR of 9.5% during the forecast years.
Regional analysis: Asia Pacific region dominates the industrial screen printing market currently accounting for around 35% of the global demand in 2023. China, India, Japan, and other Southeast Asian countries contribute significantly to the regional market supported by low-cost manufacturing facilities and availability of raw materials. North America and Europe are other major regions driven by well-established textile and packaging sectors.
Key players: Key players operating in the industrial screen printing market include 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), and Thieme GmbH & Co. KG. These players focus on new product development and expansion into emerging countries to strengthen their market position.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
