The global 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 is a printing technique that uses a woven mesh to support an ink-blocking stencil. It is widely used in various industries for printing labels, decals, posters, and textiles. The market for industrial screen printing is driven by the growing demand for detailed and high-quality printing. This printing technique offers advantages such as versatility, durability, and the ability to print on various materials. These advantages make industrial screen printing a preferred choice for applications in industries such as automotive, electronics, textiles, and packaging.
Market Key Trends:
One key trend driving the industrial screen printing market is the increasing demand for personalized and customized products. Consumers are increasingly seeking unique and personalized products, which is propelling the demand for customized printing. Industrial screen printing allows for customization and personalization of products, making it a preferred choice for manufacturers. Moreover, advancements in technology have made it possible to achieve high-quality and detailed customized printing, further driving the adoption of industrial screen printing.
PEST Analysis:
Political: The political factors influencing the industrial screen printing market include government regulations and policies related to trade, taxation, and intellectual property rights. For instance, trade wars and tariffs imposed by governments can impact the cost of raw materials and equipment, affecting the profitability of market players.
Economic: The economic factors affecting the market include GDP growth, disposable income, and inflation rates. A growing economy with rising consumer spending power can drive the demand for industrial screen printing as businesses invest in advertising and promotional activities.
Social: The social factors impacting the market include changing consumer preferences and lifestyles. The increasing focus on sustainability and eco-friendly products is driving the demand for environmentally friendly printing techniques, which can benefit the industrial screen printing market.
Technological: The technological factors influencing the market include advancements in printing technologies and automation. The adoption of digital printing technology and the integration of robotics and artificial intelligence in the printing process can enhance efficiency and reduce costs for market players.
Key Takeaways:
The Global Industrial Screen Printing Market Demand is expected to witness significant growth, exhibiting a CAGR of 15.7% during the forecast period of 2023-2030. The market is projected to reach US$ 7.87 billion in 2023. One of the key drivers for this growth is the increasing demand for promotional products and point-of-purchase advertising materials across various industries.
In terms of regional analysis, Asia Pacific is expected to be the fastest-growing and dominating region in the industrial screen printing market. The region is witnessing rapid economic growth and industrial development, leading to increased demand for screen printing services. Additionally, China, India, and Japan are major contributors to the market growth in the Asia Pacific region due to their large manufacturing and consumer base.
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), and Thieme GmbH & Co. KG. These companies have a strong market presence and offer a wide range of screen printing equipment and services to cater to the growing demand.
