Market Dynamics:

The industrial screen printing market is expected to witness high growth owing to rise in demand from textile and packaging industries. Textile printing contributes over 50% share in the total industrial screen printing market. Growing apparel and fashion industry is propelling demand for quality textile printing which is positively impacting the industrial screen printing market growth. Moreover, packaging industry is another major end-use industry for industrial screen printing for printing product information, label designing, branding etc on corrugated boxes, carton boards and flexible packaging materials. Growing e-commerce sector is fueling packaging market which in turn is driving the industrial screen printing market growth over the forecast period.

SWOT Analysis

Strength: The industrial screen printing market is driven by factors like increasing demand from end use industries such as textile & decor, packaging, and electronics & consumer goods. Screen printing is also relatively inexpensive for short runs or small quantities and requires minimum initial investment.

Weakness: Screen printing has limitations regarding design complexity and large print volumes. It is also not as durable or long-lasting as other printing methods for certain applications. Operators require specialized skills and experience to produce consistent, high-quality prints.

Opportunity: Growth opportunities exist in technical textiles, wearable electronics, printed circuit boards, and photovoltaic cells which utilize screen printing technologies. Development of new screen inks and stencils catering to 3D printing and printed electronics will further boost the market.

Threats: Changing customer preferences and rising environmental regulations pose threats. Easy availability of substitutes like digital printing, flexography and offset printing can also affect screen printing adoption over time. Trade wars and shortage of skilled labor are other challenges.

Key Takeaways

The Global Industrial Screen Printing Market Size is expected to witness high growth over the forecast period. It is projected to reach a value of US$ 7.87 billion by 2023 expanding at a CAGR of 4.9% during 2023 to 2030.

Regional analysis

Asia Pacific currently dominates the industrial screen printing market with China, India and Japan being major markets. This is attributed to large textile and electronics manufacturing bases in the region along with lower labor costs. The Asia Pacific market is estimated to grow at the fastest pace supported by rising industrial and manufacturing activities.

Key players

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. They account for a substantial market share currently.

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