Global Functional Printing Market Synopsis
The data experts at Market Research Future Reports
(MRFR) have analyzed the global Functional Printing Market. The global functional
printing market is estimated to value USD 30.27 billion, recording a promising
CAGR of 19.26% during the review period. The growing demand for cheaper and
fast-paced production is one of the most significant factors driving the global
functional printing market 2020. Besides, with the burgeoning technological
advancement, the companies are successfully achieving low-cost and face-paced
production. Besides, the waste produced is minimalistic, which is why it is
preferred.
In addition, the development of 3D printing is
estimated to present several opportunities for market expansion in the
forthcoming period. However, the functional printing process demands an acute
accuracy with being complex in management which is likely to hinder the market
growth. In addition, the pandemic COVID-19 has severely affected the global
functional printing market. The economy has been affected due to the
disturbance caused in the cycle of production and demand. The lockdown imposed
across various countries is likely to bring a massive disturbance in the
market. The market will start recovering as the lockdown is lifted in a phased
manner.
Get Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/7978
Market Segmentation
The worldwide functional printing market can be
segmented on the basis of printing technology, material, application, and
geography.
On the basis of printing technology, the worldwide
functional printing market can be segmented into flexography, screen printing,
inkjet printing, gravure printing, and others.
On the basis of material, the worldwide functional
printing market can be segmented into substrates and inks. The substrates
vertical can further be classified into plastic, glass, paper, gallium nitride
(GAN), silicon carbide, and others. The inks segment can be further classified into
graphene ink, conductive inks, dielectric inks, and others.
On the basis of application, the worldwide
functional printing market can be segmented into displays, sensors, lighting,
photovoltaics, batteries, RFID tags, others.
On the basis of geography, the worldwide functional
printing market can be segmented into North America, Europe, Asia-Pacific, and
the Rest of the World.
Geographical Analysis
The worldwide functional printing market is
estimated to expand significantly during the assessment period from 2019 to
2024. The geographical analysis of functional printing market has been
performed for North America, Europe, Asia-Pacific, and the rest of the world.
According to the study, the global market is estimated to be dominated by North
America. North America is likely to acquire the largest market share during the
assessment period. The region has been experiencing a continuous advancement in
technology which is fueling the market. In addition, the growing demand for
near-field communication (NFC) in Europe and North America. Furthermore, the
application of RFID tags in the retail sector is estimated to bloom the
regional market. On the other hand, the APAC region is projected to expand at
the highest CAGR during the assessment period. The region is blooming due to
the presence of developing economies like India, Japan, and China. In addition,
the APAC region also comprises of established printing companies and the
electronic companies that are used in the manufacturing processes.
However, the regions have been affected
significantly due to the outbreak of coronavirus. Several markets have been
shut temporarily due to the lockdown imposed to contain the spread of
coronavirus.
Key Players
The established key players of the global market are
L.P. (US), HP Development Company, Haiku Tech (US), BASF SE (Germany), Avery
Dennison Corporation (US), Blue Spark Technologies (US), E Ink Holdings Inc.
(Taiwan), Display Corporation (US), Eastman Kodak Company Ltd (US), GSI
Technologies LLC (US), and Enfucell Oy (France).
Get Complete Report Details at: https://www.marketresearchfuture.com/reports/functional-printing-market-7978
About Market Research Future:
At
Market Research Future (MRFR), we enable our customers to unravel the
complexity of various industries through our Cooked Research Report (CRR),
Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed
Research (CFR), and Market Research & Consulting Services.
Contact:
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com
No comments:
Post a Comment