 |
| Global Industrial Screen Printing Market Growth |
Industrial screen printing is used for printing logos, designs and image on a
wide range of products and materials including paper, glass, metal, plastic and
textiles. Screen printing offers advantages like high-quality output, ability
to print on irregular surfaces, durability and resistance to chemicals and
weathering.
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:
Automation in industrial screen printing has been a major trend driving the
market growth over the past few years. Automated screen printing machines are
equipped with technologies like automated screen changers, automated
registration systems and centralized control units which allow printing of
multiple colors and designs on substrates with high accuracy and precision at increased
production speeds compared to manual screen printing. This has increased
productivity, reduced labor costs and improved quality consistency of printed
products. Growing demand from end-use industries like textiles, packaging and
electronics has encouraged adoption of automated screen printing systems.
Increased automation is expected to boost efficiency and output in industrial
screen printing, thereby accelerating the market growth during the forecast
period.
Segment Analysis
The global industrial screen printing market is dominated by the textile sub
segment, which accounts for over 35% of the total market share. The textile sub
segment is dominating as screen printing is widely used in the apparel industry
for printing designs and logos on fabric materials like cotton, polyester etc.
Key Takeaways
The Global
Industrial Screen Printing Market Growth is expected to witness high
growth over the forecast period of 2023 to 2030. The market is projected to
grow at a CAGR of 9.5% during this
period and reach a size of US$ 7.87 Bn
by 2030 from US$ 5.67Bn in 2023.
Regional analysis
The Asia Pacific region currently dominates the global industrial screen
printing market and is expected to maintain its dominance over the forecast
period. This can be attributed to factors like dominance of textile industry in
countries like China, India etc. and rapid growth of packaging industry in
developing economies of Asia Pacific. The region is projected to witness the
highest growth rate during the forecast period due to increasing demand from
the textile as well as packaging industries in China and India.
Key players
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 are focusing on new product launches and strategic collaborations
to increase their market share. For instance, M&R Printing Equipment
launched a new screen printing machine with advanced features like automated
registration in 2021 to enhance its product portfolio.
Explore More Information On This
Topic @ https://www.pressreleasebulletin.com/industrial-screen-printing-market-overview/