The Latest Screen Printing Industry Statistics Explained
The global screen printing market size was valued at $29.72 billion in 2019 –
The statistic indicates that the total market value of screen printing worldwide was $29.72 billion in the year 2019. Screen printing is a widely used printing technique that involves applying ink onto different materials through a mesh screen to create images, designs, or text. This market size figure suggests the significant scale and economic importance of the screen printing industry on a global scale, reflecting the demand for printed products across various sectors such as textiles, packaging, advertising, and electronics. The value also serves as a key indicator of the industry’s growth, competitiveness, and potential for future expansion as it continues to evolve with changing consumer preferences and technological advances.
The screen printing industry is projected to reach $35.6 billion by 2027 –
The statistic “The screen printing industry is projected to reach $35.6 billion by 2027” indicates the anticipated growth and size of the screen printing industry in terms of revenue by the year 2027. This projection suggests that the industry is expected to experience substantial expansion in the coming years, reaching a total market value of $35.6 billion. This growth forecast could be attributed to various factors such as increasing demand for customized and personalized products, technological advancements in the screen printing process, and the industry’s ability to cater to diverse market segments. The statistic emphasizes the economic significance and potential opportunities within the screen printing sector, highlighting its promising outlook for the future.
The industry is expected to grow at a compound annual growth rate (CAGR) of 4.5% from 2020 to 2027 –
The statistic “The industry is expected to grow at a compound annual growth rate (CAGR) of 4.5% from 2020 to 2027” indicates that the industry’s overall growth rate is projected to increase by 4.5% per year over the specified time period. The CAGR calculation takes into account the compounding effect of growth over multiple years, providing a more accurate representation of the industry’s growth trajectory compared to a simple average. This forecast suggests that the industry is expected to experience steady and consistent growth over the seven-year period, reflecting positive trends and potential opportunities for investors, businesses, and stakeholders within the industry.
In 2020, the Asia-Pacific region had the largest market share of 38.3% –
The statistic indicates that in 2020, the Asia-Pacific region held the largest market share among all regions, accounting for 38.3% of the total market. This means that nearly 4 out of every 10 market transactions or activities were conducted within the Asia-Pacific region. This information suggests that the Asia-Pacific region plays a crucial role in the global economy and is a significant driver of market activity. Companies operating in this region may have a competitive advantage due to the region’s market size and influence, making it a key area of focus for businesses looking to expand or establish a presence in the global marketplace.
About 63% of the total global screen printing inks production was concentrated in Asia-Pacific in 2018 –
The statistic indicates that approximately 63% of the total global production of screen printing inks in 2018 was located in the Asia-Pacific region. This suggests that the majority of screen printing inks are manufactured in Asia-Pacific countries compared to other regions around the world. The concentration of production in Asia-Pacific could be influenced by factors such as lower production costs, availability of raw materials, or a skilled labor force. This statistic highlights the significance of the Asia-Pacific region in the screen printing industry and its role as a major producer of screen printing inks on a global scale.
By 2023, Europe is expected to experience the highest growth rate in the screen printing market –
The statistic stating that Europe is expected to experience the highest growth rate in the screen printing market by 2023 suggests that the demand for screen printing services and products within Europe is predicted to increase at a faster pace compared to other regions globally. This growth may be attributed to various factors such as increasing adoption of screen printing technology in industries like textiles, packaging, electronics, and advertising, coupled with evolving consumer preferences for customized and visually appealing products. Additionally, advancements in screen printing techniques, materials, and equipment could also contribute to the projected growth in the European market. Overall, this statistic highlights Europe as a region poised for significant expansion and opportunities within the screen printing industry in the upcoming years.
The COVID-19 pandemic led the screen printing market to witness a decline of 15% to 20% in 2020 –
The statistic indicates that the screen printing market experienced a significant decrease in revenue during 2020 due to the impacts of the COVID-19 pandemic. The 15% to 20% decline suggests a substantial reduction in sales and demand for screen printing services and products. This decline can be attributed to various factors such as lockdowns, economic uncertainty, and changes in consumer behavior resulting from the pandemic. The screen printing industry relies heavily on sectors like apparel, advertising, and events which were heavily impacted by restrictions and reduced spending during the pandemic. Moving forward, the industry may need to adapt and innovate to recover from this downturn and potentially shift towards digital printing solutions to meet changing market demands.
The textiles industry accounted for the largest market share (32.18%) in the screen printing market in 2018 –
This statistic indicates that in 2018, the textiles industry was the dominant sector within the screen printing market, representing the largest market share of 32.18%. This suggests that a significant portion of the screen printing activities, such as printing designs, patterns, or images on various fabric materials, was attributed to the textiles industry. The percentage serves as a quantitative measure to highlight the relative importance and contribution of the textiles industry compared to other sectors in the screen printing market during that specific year. This information can be valuable for industry stakeholders, market analysts, and decision-makers to understand the market dynamics, trends, and potential opportunities within the screen printing sector.
US screen printers had an average annual revenue of $6.6 million in 2017 –
The statistic indicates that in 2017, the average annual revenue generated by screen printing businesses in the United States was $6.6 million. This figure serves as a measure of the financial performance and revenue-generating capacity of screen printing companies within the industry. By calculating the average revenue, we can gain insights into the overall economic health of the screen printing sector and assess the typical size and scale of businesses operating in this market. This statistic can help industry stakeholders, policymakers, and investors understand the revenue landscape of screen printing businesses in the United States and make informed decisions based on this financial benchmark.
The fastest-growing segment by end use in the screen printing market is the electronics industry –
This statistic indicates that among all the different industries utilizing screen printing techniques, the electronics industry is experiencing the most significant rate of growth in terms of its application. The demand for screen printing services within the electronics sector is expanding rapidly, potentially due to the increasing use of printed electronics in devices such as smartphones, tablets, and other electronic gadgets. This growth trend suggests that the electronics industry is increasingly recognizing the value and versatility of screen printing technology for producing high-quality, customized electronic components. Consequently, businesses operating in the screen printing market may benefit from focusing on the electronics industry as a key target segment to capitalize on this growth opportunity.
Screen printed tags and labels represent about 13.9% of the total market –
The statistic indicates that screen printed tags and labels make up approximately 13.9% of the entire market for tags and labels. This suggests that screen printing is a significant and notable method of producing tags and labels within the industry. As such, screen printed tags and labels hold a considerable share of the market compared to other methods of production. This information can be valuable for companies in the tags and labels industry to understand the competitive landscape and make informed decisions regarding their manufacturing processes and marketing strategies.
As of 2021, there are an estimated 5,150 screen printing businesses in the US –
This statistic indicates that as of 2021, there are approximately 5,150 businesses in the United States that are engaged in the practice of screen printing. Screen printing is a popular method used for transferring images onto various materials such as clothing, signage, and promotional products. The presence of over 5,000 screen printing businesses suggests a significant level of activity within this industry in the US, demonstrating a strong demand for these services. The statistic provides insight into the competitive landscape of the screen printing industry and highlights the prevalence of this technique in the country’s manufacturing and retail sectors.
References
0. – https://www.www.sgia.org
1. – https://www.www.ibisworld.com
2. – https://www.www.globenewswire.com
3. – https://www.www.mordorintelligence.com
