Vietnam Screen Printing Equipment Market: A Bright Future Ahead

【Abstract】The Vietnam screen printing equipment market has seen rapid growth, fueled by industries like electronics, home appliances and packaging. By 2027, the market is projected to surpass $500 million, with an annual growth rate of approximately 6.5%. Manufacturers from China, South Korea & others are keen to tap into this growing market. In response, TEFISEN (Vietnam) has upgraded its facility to provide a more comfortable and efficient work environment, better positioning itself to seize market opportunities.

1. Market Overview: Big Growth for Vietnam Screen Printing Equipment

The screen printing equipment market in Vietnam has been expanding rapidly in recent years. This surge is largely due to the booming manufacturing scene, especially in electronics, home appliances, and packaging. In 2023 alone, the market exceeded $260 million, with even more growth expected in the coming years. This expansion isn’t just about numbers; Vietnam’s growing importance as a manufacturing hub—thanks to major factories like Samsung and LG—has really ramped up the need for screen printing equipment.

2. Where Is Screen Printing Equipment Used?

• Electronics Industry: Vietnam has become one of the top global production hubs for smartphones and electronic accessories. Screen printing plays a crucial role in producing items like phone cases, screens, and components. With the electronics sector set to exceed $50 billion by 2024, it’s no surprise that demand for high-precision screen printing machines is skyrocketing.

• Home Appliances: Items like air conditioners, refrigerators, and washing machines all rely on screen printing for their casings and control panels. The home appliance industry in Vietnam is on the rise, with production hitting around 4 million units of air conditioners and refrigerators in 2023 alone. As consumers demand sleeker, more personalized designs, the need for screen printing machines grows stronger.

• Packaging Industry: Vietnam is also a major player in global packaging, producing everything from food and beverages to cosmetics and pharmaceuticals. The packaging industry reached a total value of about $4 billion in 2023, with an expected annual growth rate of 5%. Products like bottles, cans, and labels depend heavily on screen printing technology.

3. Types of Screen Printing Equipment

Here’s a quick breakdown of the different types of screen printing machines:

• By Method: Flat, curved, and rotary screen printing machines.

• By Automation Level: Manual, semi-automatic, and fully automatic machines.

• By Customization: Standard and custom-made machines.

4. Tech Innovation and Eco-Friendly Trends

The future of screen printing equipment in Vietnam is all about smart tech and eco-friendly solutions. With continuous advancements in automation, fully automatic machines are becoming more popular. These machines not only boost production speed but also ensure high-quality prints, especially on mass production lines. By 2025, automated machines could make up more than 40% of the market.

As environmental regulations tighten, there’s also a push for greener screen printing options. Businesses are investing in machines that use low-VOC and solvent-free inks to reduce pollution and meet strict environmental standards. By 2025, demand for eco-friendly machines is expected to rise by at least 30%, so manufacturers are responding with greener innovations.

5. Foreign vs. Local Brands: A Competitive Market

In the last few years, foreign brands from South Korea, China, and other countries have made big waves in Vietnam, attracting small and medium-sized businesses thanks to their competitive prices and solid after-sales service. International brands now account for about 60% of the market, but local players are steadily growing their share. One thing that’s important for foreign brands to understand is Vietnam’s "sufficient processing standard."

Sufficient Processing Standard: This standard determines whether a product can be considered "locally manufactured" in Vietnam. If a product undergoes enough processing (like assembly or testing) in Vietnam—adding at least 50% value—then it can be labeled as "locally made." For instance, if circuit boards imported from China are assembled and tested in Vietnam, it counts as local manufacturing.

6. Challenges and Opportunities: Green Tech and Innovation

While the Vietnam screen printing equipment market presents exciting opportunities, it also comes with its challenges—especially with stricter environmental regulations. In 2023, the government ramped up emissions controls, pushing the screen printing industry to upgrade equipment and reduce harmful emissions.

But challenges often lead to innovation. As Vietnam continues to attract foreign investments—especially in electronics, home appliances, and packaging—screen printing manufacturers can expect new opportunities. Foreign investment in the screen printing equipment market is expected to grow by 20% by 2024, which will definitely push the market forward.

Despite the pressure from environmental regulations, this is also a perfect time for tech innovation. The need for both cleaner solutions and improved efficiency is creating a space for exciting developments in the market. The next few years could be a major turning point as the industry combines technological progress with eco-friendly transformations.

TEFISEN’s Move to 6A Street: A New Chapter

In response to this growing demand, TEFISEN (Vietnam) has been quick to adapt. In just six months, the company upgraded its operations and relocated from Quang Tri Street to a larger facility on 6A Street. This move not only increases the company’s space but also provides a more comfortable and efficient environment for its team. As the screen printing market continues to grow, TEFISEN is ready to keep up with the pace and serve the market’s needs!