INDUSTRIAL SCREEN PRINTING MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

The global industrial screen printing market size is estimated to be worth US$ 7.87 billion in 2023, and is projected to reach US$ 21.84 billion by 2030, growing at a CAGR of 15.7% during the forecast period.

Screen printing is a printing technique where a mesh is used to transfer ink or dye onto a substrate. The screen printing process is versatile, cost-effective and can be used to print on a wide variety of materials like glass, metal, paper, plastic etc.

Key advantages of screen printing are high color vibrancy, durability and ability to print on uneven surfaces. The market growth is driven by rising demand from end-use industries like textile, automotive, electrical & electronics etc.

The Industrial Screen Printing Market is segmented by printing type, application, end-use industry and region. By printing type, the market is segmented into screen printing, digital printing, flexography, gravure and others. Screen printing dominates the market owing to its ability to print on uneven and curved surfaces. By application, the market is segmented into medical & pharma, electrical & electronics, automotive, textile, packaging and others. The textile segment accounts for the largest share due to high use of screen printing for t-shirts, flags, banners etc.

Industrial Screen Printing Market Regional Insights

• North America is the largest market for industrial screen printing, accounting for over 30% of the global market share in 2023. The region is home to a number of major players in the screen printing industry, such as Vastex International and M&R Screen Printing Equipment. The growth of the industrial screen printing market in North America is being driven by the increasing demand for customized products, the growing popularity of e-commerce, and the expanding automotive industry.
• Europe is the second-largest market for industrial screen printing, accounting for over 25% of the global market share in 2023. The region is home to a number of major players in the screen printing industry, such as SAATI and KIWO. The growth of the industrial screen printing market in Europe is being driven by the increasing demand for customized products, the growing popularity of e-commerce, and the rising demand for electronic devices and appliances.
• Asia Pacific is the fastest-growing market for industrial screen printing, accounting for over 20% of the global market share in 2023 and is expected to grow at a CAGR of over 17% during the forecast period. The growth of the industrial screen printing market in Asia Pacific is being driven by the region's growing economy, rising population, and increasing demand for consumer goods.

Figure 1. Global Industrial Screen Printing Market Share (%), by Region, 2023

Industrial Screen Printing Market Drivers

• Growing demand from end-use industries- The demand for industrial screen printing is driven by the growth across various end-use industries such as textile, packaging, automotive, medical devices etc. Screen printing is used in textiles for printing designs and logos on fabrics, t-shirts, flags etc. In packaging, it is used to print labels, cartons, boxes. The automotive industry utilizes screen printing for control panels, dashboards, dials etc. The growing production in these industries is fueling the demand for screen printing. With urbanization and rising income levels, demand for consumer goods is increasing which is further propelling the industrial screen printing market growth.
• Technological advancements The industrial screen printing market is benefitting from continuous technological advancements and integration of automation in the screen printing process. Advanced screen printing technologies such as digital screen printing allow faster speeds, consistency and ability to print complex multi-color designs efficiently. Integration of CAD and CAM softwares streamline the pre-press process. Use of laser aided printing eliminates use of films. Robotics provide precision and accuracy in the printing process. These advancements are enhancing quality, increasing productivity and driving the screen printing market growth.
• Increased use of UV-curable and eco-friendly inks UV-curable and eco-friendly water-based screen printing inks are witnessing high demand owing to their various advantages over solvent-based inks. UV-curable inks cure instantly when exposed to UV light, enabling faster processing. Whereas water-based inks are environment friendly and comply with stringent environmental regulations. They also provide a safer workplace. The increased preference for such inks due to their beneficial properties is propelling the industrial screen printing industry.
• Rise in printing on 3D objects Screen printing technology allows printing of 2D graphics and images on 3D objects like bottles, cans, boxes etc. The ability to print multidimensional designs provides ample scope for brand owners to differentiate their products. The rising trend of 3D printing on objects like mugs, glassware, helmets is boosting the screen printing market growth. Advancements in inks, pre-treatment methods are aiding this growth.

Industrial Screen Printing Market Opportunities

• Growing e-commerce and organized retail- The rapid expansion of the e-commerce industry globally is offering major growth opportunities for industrial screen printing. Online shopping portals require customized and aesthetic packaging solutions to enhance brand identity and customer engagement. This is escalating the demand for screen printed packaging, boxes, cartons etc. The growth of organized retail is also contributing to this demand, further driving the screen printing industry.
• Rising demand for digital textile printing The textile industry is increasingly adopting digital screen printing for fabrics and garments to cater to frequently changing fashion trends and consumer demand for customized apparels. Digital textile printing enables quick design changes, shorter lead times and ability to print photorealistic images and complex prints cost-effectively. The growing requirement for mass customization in textiles provides lucrative opportunities for digital screen printing adoption.
• Applications in new emerging sectors Several new application sectors are emerging for industrial screen printing such as printing on glass, metal, wood, electronics components etc. Glass is screen printed for automotive windows, architectural glass, household appliances. Metal printing provides corrosion resistance and is used in panels, nameplates, signage etc. Wood screen printing is used for decorative furniture, equipment marking etc. Rising urban infrastructure is expected to generate high demand from these new sectors.
• Growing market for graphic overlays Graphic overlays refer to printed decals and labels applied on medical devices, consumer electronics, appliances etc. They enhance aesthetics and provide critical user information. Screen printing allows high precision printing on these graphic overlays owing to ability to print on flat or curved surfaces. With increase in electronics and medical devices, the market for printed graphic overlays is expected to rise, creating lucrative opportunities.

Industrial Screen Printing Market Trends

• Growing adoption of digital textile printing Digital printing technology is witnessing increased adoption in the textile industry driven by its key advantages over traditional analog screen printing. Digital printing eliminates plates and screens, offers greater flexibility, reduces wastage and allows easy design changes. It provides photorealistic quality and ability to print larger and complex designs cost-effectively even in short runs. The growing adoption of digital textile printing will transform the screen printing industry.
• Use of automation and robotics To enhance efficiency and increase production volumes, companies are increasingly adopting automation systems and robotics in the screen printing process. Robotic arms are deployed for handling printing frames, pick and place operations. Automated squeegee systems, UV curing, conveyor belts streamline operations. Software automate pre-press processes like separation, color management etc. The use of automation and robotics minimizes manual errors and boosts accuracy and consistency in printing.
• Growing demand for sustainable printing Sustainability has become a key priority in the screen printing industry driven by stringent environmental regulations. Using renewable raw materials, minimizing waste and emissions, recyclable inks and adopting green manufacturing practices have gained prominence. Companies are offering eco-friendly water based, UV and vegetable oil-based inks. The demand for sustainable screen printing solutions is expected to rise significantly in the coming years.
• Rising preference for customization and personalization The growing consumer demand for customized and personalized products across sectors such as fashion, electronics, home décor is driving custom screen printing. Screen printing’s ability to print small batches economically, handle short lead times is fueling its adoption for customization. Companies are offering online design studios and virtual sample approvals to facilitate ordering customized prints. Personalized screen printing will continue to rise.

Industrial Screen Printing Market Restraints

• Stringent environmental regulations-The screen printing industry faces challenges due to stringent environmental regulations regarding Volatile Organic Compound (VOC) emissions from inks and disposal of screen printing wastes. Compliance to regulations such as Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH) in Europe, Clean Air Act in the US increases production costs. This may restrain the growth of the screen printing market. Companies need to develop eco-friendly processes and reformulate inks to minimize impact.
• Competition from digital printing Advances in digital printing technology and its increasing adoption are posing competition to conventional screen printing. Digital printing provides advantages like flexibility, lower costs, quick turnaround times, ability to print variable data. Several end-use industries are adopting digital printing over screen printing due to these benefits. However, limitations in printing on uneven surfaces, lower ink durability restricts complete replacement of screen printing.
• High initial investment costs The requirement of high initial investment for setting up screen printing facilities is a key challenge. Costs are involved in procuring printing equipment, exposure units, drying systems, tools which require substantial investment. Additionally, worker training, maintenance expenses add to costs making entry difficult for new entrants, especially small companies. However, the high print quality and durability of screen printing offsets the investment over long term.

Recent Developments

New product launches

• Mimaki TS1000-1800II printer: This new printer from Mimaki is a flatbed UV LED inkjet printer that is designed for high-quality industrial printing applications. It features a new printhead design that delivers higher print speeds and improved image quality.
• Grafica oval-PrinTex: This new oval screen printing machine from Grafica is designed for high-capacity printing applications. It features a unique oval design that allows for faster print speeds and improved registration accuracy.
• Sulfet Moonstar: This new oval screen printing machine from Sulfet is designed for the textile market. It is available in a range of sizes and configurations, and features a number of innovative features, such as a new ink delivery system that reduces waste.

Acquisition and partnerships

• In 2023, Nazdar Ink Technologies acquired INX International, a leading manufacturer of industrial inks and coatings. This acquisition has strengthened Nazdar's position as a global leader in the industrial ink market and expanded its portfolio of products and services for the screen printing industry.
• In 2022, MHM Automation, a manufacturer of screen printing equipment, acquired Roq International, a manufacturer of screen printing screens. This acquisition has allowed MHM to offer its customers a complete range of screen printing solutions.
• In 2021, Vastex International, a manufacturer of screen printing equipment, partnered with Agfa, a manufacturer of digital imaging solutions. This partnership has allowed Vastex to offer its customers a more complete range of solutions for digital screen printing.

Figure 2. Global Industrial Screen Printing Market Share (%), by Printing Type, 2023

Top companies in Industrial Screen Printing Market

• M&R Printing Equipment, Inc.
• MHM Siebdruckmaschinen GmbH
• Lawson Screen & Digital Products, Inc.
• Sakurai USA, Inc.
• SPS TechnoScreen GmbH
• ATMA Champ Ent. Corp.
• Systematic Automation, Inc.
• DECO TECHnology Group Inc.
• TOSH (Italy)
• Thieme GmbH & Co. KG

Definition: The Industrial Screen Printing Market refers to the industry catering to screen printing technology and solutions utilized for industrial-scale printing operations. Screen printing is a popular printing technique used to create high-quality prints on various substrates. The screen printing process involves creating a stencil on a screen mesh and then using squeegee to force the printing ink or dye through the stencil onto the substrate below. Key end-use industries for industrial screen printing include textile, packaging, electrical & electronics, automotive, medical devices etc. The screen printing industry provides various products and services like screen printing inks, printing equipment, stencils, screens, software etc. The market is driven by growing demand from end-use industries due to key advantages of screen printing like ability to print on uneven surfaces, color vibrancy and durability. The market is witnessing technological advancements and growing adoption of digital screen printing.

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