Functional Printing Market

Analysis by Material (Substrates, and Inks); by Technology (Inkjet Printing, Screen Printing, Flexography, Gravure Printing, and Others); by Coating (Conductive Coating, and Conformal Coating); and by Application (Sensors, Displays, Batteries, RFID Tags, Lighting, Photovoltaic, and Others) – Global Supply & Demand Analysis & Opportunity Outlook 2023-2033

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Report ID: 4439 | Published On: Feb 20, 2023
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Global Functional Printing Market Size, Forecast, and Trend Highlights Over 2023 - 2033

The global functional printing market is estimated to garner a revenue of ~USD 155 Billion by the end of 2033 by growing at a CAGR of ~20% over the forecast period, i.e., 2023 – 2033. Further, the market generated a revenue of ~USD 21 Billion in the year 2022. The growth of the market can be attributed primarily to the expansion of the printing industry on the back of rising inclination towards 3D printed devices and growth in 3D printing construction processes worldwide. According to estimates, in 2021, the printing industry accounted for ~USD 77 Billion in the United States.


Practical printing applications include 3D printers, electronic printed goods, and RFID tags. The technology of functional printing is used in many industries, including automotive, electrical, healthcare, clothing, and paper. Moreover, the presence of a variety of substrates, the high-speed development of the product, the growing demand for functional printing for reducing the impact on the environment, along with the low cost of the manufacturing process are factors projected to drive the functional printing market growth over the forecast period. One of the other factors for market growth is the demand for cost-effective functional printing technologies through which manufacturers achieve high-speed printing at low costs. Also, the increased high-volume electronic production is expected to develop advanced functional printing services which are projected to boost the market growth and its sales prospect.

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Global Functional Printing Market: Key Insights

Base Year


Forecast Year




Base Year Market Size (2022)

~ USD 21 Billion

Forecast Year Market Size (2033)

~ USD 155 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Global Functional Printing Market: Growth Drivers and Challenges

Growth Drivers

  • Increasing Home Printer Usage – The rising disposable income of the population is expected to surge the demand for home printers for office work and for student projects. As a result, global functional printing market growth is therefore expected to be driven by the increasing use of printers, which in turn is expected to stimulate printer sales worldwide. Globally, 105 million printers and copiers were sold for home use in 2020, an increase of 11%. A majority of consumers prefer inkjet multifunction printers priced between USD 390 and USD 480 for their home printers, followed by all-in-one inkjet printers.

  • Expansion of Consumer Electronics Industry – Noteworthy growth of the electronics industry is expected to increase the utilization rate of functional printing owing to their cost-effectiveness and efficient printing functions. Also, the growth in the production rate of printed electronics is also projected to create a positive outlook for market growth. As per recent statistics, the Indian appliances & consumer electronic industry is expected to reach a worth of approximately INR 1 lakh crore by 2025. Also, the total production of electronics in India garnered around USD 80 billion in 2021-22.

  • Rapid Growth in the 3D Printing Industry – 3D printing offers various advantages such as reduced costs, enhanced efficiency, increased durability, higher resolution, and lower material consumption. As a result of the high adoption rate of 3D printing solutions in numerous industries is expected to positively contribute to market expansion during the forecast period. For instance, the 3D printing industry was estimated at approximately 13 billion in the year 2021.

  • Boost in the Chemical Industry – By 2025, the Indian chemical industry is expected to generate USD 300 billion in revenue with a CAGR of 10%.

  • Increasing Printing Businesses Worldwide - It was observed that in the United States, there are nearly 46,000 printing businesses employing about 300,000 people.


  • Disruption in Supply and Demand Owing to COVID-19 Pandemic - COVID-19 caused unprecedented supply chain disruption that imposed multiple financial and operational consequences on the functional printing market. Since everything was closed, the demand dropped drastically which affected the export/import volume. Hence, this factor is estimated to hamper the growth of the market over the forecast period.
  • Lack of Electrically Functional Inks
  • Increasing Demands for High Accuracy Product

Global Functional Printing Market Segmentation

The global functional printing market is segmented and analyzed for demand and supply by materials into substrates, and inks. Among these segments, the inks segment captured the largest market share by end of the year 2033 in the global functional printing market owing to the increasing exports of inks and their higher utilization for multiple purposes worldwide. For instance, the export value of printing inks of India was calculated to be approximately USD 10 million during the fiscal year 2020-2021. Moreover, the higher adoption of ink printing in various end-use industries along with the surge in 3D printing is expected to augment segment growth over the forecast period. Also, various advantages offered by inks such as the ability to produce vibrant and rich colors, increased productivity, high performance, environmental benefits, and lower energy costs are also estimated to bring in lucrative growth opportunities for segment growth during the analysis period.

The global functional printing market is also segmented and analyzed for demand and supply by technology into inkjet printing, screen printing, flexography, gravure printing, and others. Out of these, the inkjet printing segment is attributed to holding the largest share of the market with a notable CAGR value. The major factor attributed to segment growth is the high production of cost-effective office and graphic art printers. This has led to raising the awareness level about the usage of inkjet printing for product designing, the fabrication of flat panel displays devices, biochip production, and printable electronics. In addition to that, the sales of inkjet printing technology are expected to surge owing to its numerous advantages in various supply chains. Also, it is projected that along with the growing demand for 3D printing, the utilization rate of inkjet printing is expected to evolve globally and increase the market growth of the functional printing market globally.

Our in-depth analysis of the global functional printing market includes the following segments:

            By Material

  • Inks (70%)
  • Substrates (30%)

           By Technology

  • Inkjet Printing
  • Screen Printing
  • Flexography
  • Gravure Printing
  • Others

          By Coating

  • Conductive Coating
  • Conformal Coating

         By Application

  • Sensors
  • Displays
  • Batteries
  • RFID Tags
  • Lighting
  • Photovoltaic
  • Others

Global Functional Printing Market Regional Synopsis

The Asia Pacific functional printing market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2033. The growth of the market can be ascribed to the increasing number of packaging products in various industries such as food and beverage chemicals, textiles, and others in the region. For instance, packaging production in China accounts for ~48% of the printing industry. Moreover, the adoption of technologically advanced printing techniques, improved infrastructure, and the presence of numerous electronics manufacturers along with modest growth in the consumer electronics sector are expected to drive functional printing market growth in the region during the forecast period. In addition to the aforementioned factors, the rising need for packaged items including food, medicines, and others by the burgeoning population of the region is considered to be another factor anticipated to fuel market expansion.

On the other hand, the North America functional printing market is also projected to hold a significant market share and generate noteworthy revenue. The presence of a large manufacturing base along with the high demand for functional printing from various end-use industries is attributed to be the major factor for market growth. Along with that, the rising investments by major key players in research and development activities to develop technologically advanced functional printing solutions to reduce cost are also projected to bring lucrative growth opportunities for market growth in the region. Rising government support to commercialize functional printing and the rising spending capacity of the consumer along with the increased Gross Domestic Product (GDP) are other factors that are anticipated to contribute positively to market expansion in North America.


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Top Featured Companies Dominating the Global Functional Printing Market

    • BASF SE
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • DuraTech Industries
    • E Ink Holdings Inc.
    • Eastman Kodak Company
    • Mark Andy Inc.
    • Blue Spark Technologies, Inc.
    • Enfucell
    • Nissha Co., Ltd.
    • ISORG

In The News

  • April 2022: IBSRELA the first and only NHE3 inhibitor for the treatment of irritable bowel syndrome with constipation (IBS-C) in adults, has been made available by the biopharmaceutical company Ardelyx. The first Ardelyx product to receive approval from the US Food and Drug Administration is IBSRELA.
  • March 2022: Indegene a provider of technology-driven healthcare solutions, & meta Me Health, a maker of Regulora and a Prescription Digital Therapeutics (PDT) business, teamed up to offer Regulora as a remedy for irritable bowel syndrome-related stomach pain (IBS).

Global Economic Impact

Request Insights
Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.

Key Questions Answered in the Report

1) What are the major factors driving the growth of the functional printing market?

Ans: Rapid growth in the 3d printing industry is estimated to majorly boost the market growth.

2) What would be the CAGR of functional printing market over the forecast period?

Ans: The market is anticipated to attain a CAGR of ~20% over the forecast period, i.e., 2023 – 2033.

3) What are the challenges affecting the functional printing market growth?

Ans: Increasing demands for high accuracy products along with the lack of electrically functional inks and disruption in supply and demand owing to Covid-19 are estimated to be the growth-hindering factors for the market expansion.

4) Which region will provide more business opportunities for growth of functional printing market in future?

Ans: The market in the Asia Pacific region is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.

5) Who are the major players dominating the functional printing market?

Ans: The major players in the market are BASF SE, DuraTech Industries, E Ink Holdings Inc., Eastman Kodak Company, Mark Andy Inc., Blue Spark Technologies, Inc., Enfucell, Nissha Co., Ltd., ISORG, TOYO INK SC HOLDINGS CO., LTD., and other key players.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue-generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the functional printing market?

Ans: The market is segmented by material, technology, coating, application, and by region.

8) Which segment captures the largest market size in materials segment in the functional printing market?

Ans: The inks segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.

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