June 18, 2024
Global Industrial Screen Printing Market

Industrial Screen Printing Market Is Estimated To Witness High Growth Owing To Technological Advancements In Printing Equipment

Industrial screen printing refers to a printing technique where a mesh is used to transfer ink onto a substrate, which can be textiles, plastics, metal, glass, canvas, ceramics, posters, stickers, and wood. The screen printing process creates designs on a variety of products including garments, packaging, and labels. The key advantages of industrial screen printing include the ability to print on uneven surfaces, mass production capabilities, durable prints, and cost-effectiveness. There is high demand for screen printed goods in various end-use industries such as textiles, packaging, electronics, advertising, construction, automotive, and ceramics owing to properties like durability, reproducibility, and versatility offered.

The Global Industrial Screen Printing Market is estimated to be valued at US$ 99.7 Bn in 2024 and is expected to exhibit a CAGR of 9.1% over the forecast period 2024 To 2031.

Key Takeaways

Key players operating in the Industrial Screen Printing market are ITT Corporation, Ruhrpumpen Group, KSB AG, Xylem Inc., Flowserve Corporation, Wilo SE, Sulzer AG, Weir Group plc, Ebara Corporation, and Grundfos AG.

The increasing demand from end-use industries like textiles, automotive, construction, and electronics is expected to offer significant growth opportunities to players in the Global Industrial Screen Printing Market Demand Technological advancements in screen printing equipment like automatic squeegee machines, flatbed screen printing presses, and semi-automatic screen printing machines are also fueling the market growth.

Key players operating in the Industrial Screen Printing are ITT Corporation, Ruhrpumpen Group, KSB AG, Xylem Inc., Flowserve Corporation, Wilo SE, Sulzer AG, Weir Group plc, Ebara Corporation, and Grundfos AG. The growing textiles industry coupled with increasing disposable incomes is estimated to offer key opportunities for screen printing in applications like garments and home furnishings. Further, developments in digital screen printing technologies enable print on demand capabilities and variable data printing, enhancing design flexibility.

Technological advancements like automatic squeegee machines streamline the screen printing process for mass production. Flatbed screen printing presses allow for printing on 3D substrates. Further, semi-automatic screen printing machines balance high productivity with affordable price point. Such technological developments are supporting the adoption of industrial screen printing across industries.

Market Drivers

The primary driver boosting the industrial screen printing market growth is the growing demand from the textiles industry. Countries with burgeoning populations like India and China are major textile producers, fuelling screen printing equipment adoption. Secondly, thriving flexible packaging industry utilizes screen printing for product branding and information printing on films, papers, and pouches. Rapid urbanization and retail infrastructure expansion promote packaging usage. Thirdly, industrial screen printing finds usage in electronics manufacturing for circuit printing and product labeling. Surging consumer electronics and automobile production thus acts as a market driver.

Current challenges in industrial screen printing market

The industrial screen printing market is facing challenges like rising labor costs, shortage of skilled labor force, and increasing demand for digitization and automation. The printing industry has traditionally relied on labor-intensive processes that require specialized skills. However, finding and retaining skilled workers has become difficult. With growing digitization, younger workers prefer more technology-oriented jobs than traditional printing roles. This labor challenge is driving the demand for automated screen printing machines. However, the initial costs of automation equipment are high. It requires significant investment which small printers may not be able to afford. This acts as a barrier for wider adoption of new technologies.

SWOT Analysis

Strength: Good for high volume production; Cost-effective for mass production; Variety of substrates can be printed.
Weakness: Initial setup costs are high; Requirement of skilled labor; Limited to preset screens.
Opportunity: Growing e-commerce sectors aid demand; Shift towards digital textile printing offers opportunities.
Threats: Rising environmental regulations around ink and solvent usage; Increased competition from digital printing technologies.

Geographical regions

North America currently dominates the market and accounts for the largest share in terms of value. This is attributed to the presence of major industrial screen printing end-use industries like textile, packaging, and electronics in the region. Asia Pacific is expected to be the fastest growing regional market during the forecast period. This growth can be attributed to rising industrial production, urbanization, and growing middle-class population in major emerging countries of Asia Pacific like China and India.

Fastest growing region

Asia Pacific region is expected to witness the highest growth during the forecast period owing to rising industrial and manufacturing activities in emerging economies like China and India. Rapid economic growth and rising disposable income in Asia Pacific countries is creating high demand for varied consumer goods that require screen printing. The expanding textile, packaging, and electronics industries in the region further supports the regional market growth.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it.