The Industrial screen printing market offers a cost-effective way for mass production of labels, packaging, membranes, technical textiles and other industrial products. Screen printing helps in adding logos, designs, barcodes, identification marks etc to various products through a stencil method. It provides high-quality print on irregular surfaces like glass, wood, plastics and ceramics apart from paper and fabric. Several industries like automotive, electronics, packaging and labeling rely on screen printing for marking components and consumer products.
The Global Industrial screen printing market is estimated to be valued at US$ 99.7 Bn in 2024 and is expected to exhibit a CAGR of 9.1% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the industrial screen printing market are ITT Corporation, Ruhrpumpen Group, KSB AG, Xylem Inc., Flowserve Corporation, Wilo SE, Sulzer AG, Weir Group plc, Ebara Corporation, and Grundfos AG. These players are focusing on developing innovative screen printing technologies and equipment to cater to the demand from various end-use industries.
The industrial Global Industrial Screen Printing Market Demand is witnessing high demand owing to growth in the industrial packaging and labeling industry. Screen printing helps in marking varied packaging materials in high volumes for FMCG, food and beverage, pharmaceutical and other consumer products. Government initiatives for anti-counterfeiting and serialization of products is augmenting the need for screen printing in packaging industry.
Advancements in digital printing technologies are allowing industrial screen printers to print on diversified substrates like 3D objects, technical textiles and offer variable printing options. Integration of AI and IoT is helping printers gain real-time insights and optimize printing operations. Adoption of sustainable ink systems is also gaining traction in the market.
Market Trends
Design flexibility and customization capability- Digital screen printers are offering high design flexibility and customization as per customer requirements which is driving their adoption over traditional analog printers.
Adoption of hybrid printing technology- Combining screen printing with other digital printing technologies like Inkjet and electrophotography is delivering multi-process capabilities to printers.
Sustainability focus- Use of UV-curable and water-based inks is reducing environmental footprint of screen printing. Printers are also taking initiatives for recycling ink sludge and used screens.
Market Opportunities
Growth in developing regions- Emerging countries in Asia Pacific and Middle East are expected to boost demand owing to expansion of end-use industries in these regions.
Product diversification-Integration of screen printing with textile printing, 3D printing will open new application areas and expand market opportunities.
Industry 4.0 transformation-Adoption of automation, IoT, AI and data analytics in screen printing Value chain will transform operational efficiencies and drive revenue opportunities for market players.
Industrial Screen Printing Market: Impact of COVID-19
The COVID-19 pandemic has significantly impacted the growth of the industrial screen printing market across the globe. During the initial few months of the pandemic when lockdowns were imposed, the demand and production of screen printing saw a sharp decline due to disruption in the supply chain and halting of manufacturing activities. However, as manufacturing activities started resuming with certain guidelines and protocols, the demand started increasing steadily due to the urgent requirement of screen printed products in essential sectors like food and beverages, pharmaceuticals and healthcare. The outbreak emphasized the importance of safety and hygiene which boosted the demand for screen printed packages in these sectors. However, the intermittent lockdowns continued to act as a barrier and production was affected to some extent. Moving ahead in the forecast period, the market is expected to witness steadier growth backed by constant demand from end use industries and resumption of complete manufacturing operations. Key players need to focus on strengthening their supply chain, optimize production according to safety protocols and develop new innovative screen printed products with advanced features to cater changing customer preferences in the post COVID era.
Industrial Screen Printing Market: Geographical Regions
In terms of value, North America accounts for the largest share in the global industrial screen printing market, followed by Europe and Asia Pacific. The presence of advanced manufacturing facilities and high adoption of screen printing technologies in end use industries such as automotive, chemical, healthcare and consumer durables drives the market growth in these regions. Within Asia Pacific, China is the fastest growing regional market owing to low costs of production and exponentially growing manufacturing sector. Being the manufacturing hub of the world, China has a high concentration of industries utilizing screen printing. Some of the key domestic players have also emerged from this region adding to its market dominance. The growing local demand and exports to other countries makes China the prime focus for market stakeholders to tap enormous growth opportunities.
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