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Market value for flexographic printing plates is projected to increase from US$ 751.39 Mn in 2022 to US$ 1592.9 Mn by 2030, representing a CAGR of 9.8% between 2023 and 2030.
The print packaging industry relies heavily on printing plates for printing on paper and cardboard. Since their introduction, numerous substrates have expanded the printing industry's options for printing on plastics and fiber. Customers have increasingly favored flexographic printing plates because of their ability to eliminate fluting in corrugated board printing. Demand for corrugated packaging by brands across industries worldwide is driving expansion in the flexographic printing plates industry. Technology improvements in the flexographic printing plates market have been supported by an ever-increasing focus on enhancing the efficiency of flexographic printing. The widespread need for printing presses in various industries has contributed to the development of the market. Sloth in the manufacturing sector is largely to blame for the recent COVID-19 pandemic's suppression of the use of flexographic printing plates.
Increased demand from industries such as packaging, corrugated printing, tag and label production, and others have contributed to the market's expansion. During the forecast period, the digital flexographic plates sector is anticipated to expand at a greater compound annual growth rate (CAGR) than the analog flexographic plates segment. The widespread adoption of digital printing methods is largely responsible for this trend. During the projected period, the market for flexographic printing plates is anticipated to be led by North America, Europe, and the Asia Pacific.
In order to predict the market, researchers are closely comparing production and consumption habits. Additionally, scenario-based analysis, market segment growth, and the expansion of adjacent markets are taken into account when predicting the market. The market size was estimated using both a top-down and bottom-up strategy, and the results were verified by in-depth interviews with market participants. Taking into account the characteristics of the market, we calculated the Commodity Chemicals through segment aggregation, the share of the Commodity Chemicals in Diversified Materials, and the percentage of the market held by each vendor. We identified potential market growth drivers, trends, restraints, and opportunities and examined their potential impact on the market's future direction. We have evaluated the market's growth from year to year to get a better grasp on its dynamics. Growth patterns were also identified by comparing growth rates over time.
Flexography is utilized in flexible packaging because consumers prefer items that are both convenient to use and visually appealing on store shelves. Flexographic printing plates offer superior quality on all typical substrates, and this includes both fine screens and vignettes and smooth solids. Flexographic printing plates are in increased demand as the environmental consciousness of customers increases the need for more eco-friendly packaging. There have been new opportunities for printing on packaging in many different end-user sectors since the development of digital flexo plates that are compatible with many different ink types. China's industry slowdown has a knock-on effect on pigments used in packaging inks. The effect on the market for flexographic printing plates is dramatic. In addition, several firms have had trouble maintaining a steady supply of raw materials for printing plates due to disturbances in their supply chains. Lack of interest in both capital and consumer products has had a negative impact on the flexographic printing plates business.
The printing industry has seen an increase in the need for flat top dot flexographic printing plates. The market for flexographic printing plates has been growing, especially for printing on environmentally friendly paper and paperboard. Flint Group Flexographic, a leading provider of flexographic printing plates solution, released Nyloflex FTL Digital for corrugated printing applications in May 2020, with an eye toward capitalizing on a massive opportunity. The business claims its product would let consumers waste less plate material, making it an environmentally friendly option. The use of these flat top dot flexographic printing plates will also help to reduce operating expenses. According to the manufacturer, one major perk of this printing plate is that it may be used with a substrate made from recycled fibers.
Pigments for package printing inks have also dropped in the south due to the severe economic downturn in China. The use of flexographic printing plates is severely impeded as a result. Several companies' efforts to keep printing plates stocked with basic ingredients have hit roadblocks due to disruptions in supply. The growth of the flexographic printing plates market has been severely hampered by a lack of investor and consumer spending. One of the most important factors that will help the flexographic printing plates market develop is the rising desire for eco-friendly packaging among consumers. With the introduction of digital flexo plates, businesses were able to expand their potential for profit. The push toward recycling inks and other printing press consumables also contributes to the market's growth. Market participants in the flexographic printing plates industry can anticipate new opportunities brought about by the rising demand for multipurpose printing plates.
Report Coverage
Global Flexographic Printing Plates research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Flexographic Printing Plates report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Flexographic Printing Plates competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Flexographic Printing Plates market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Flexographic Printing Plates market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Flexographic Printing Plates market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
DuPont, Flint, MacDermid, Toray, Kodax, Fujifilm, Asahi Kasei, Toyobo
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Flexographic Printing Plates market based on the below-mentioned segments:
Global Flexographic Printing Plates Market, By Type
Digital Flexographic Plates
Analog Flexographic Plates
Global Flexographic Printing Plates market, By Application
Package Printing
Corrugated Printing
Tag and Labels
Newspapers
Flexible Packaging
Other
Global Flexographic Printing Plates Market, By End User
Food & Beverage
Pharmaceutical
Consumer Goods
Industrial
Others
Global Flexographic Printing Plates market, Regional Analysis
The print packaging industry relies heavily on printing plates for printing on paper and cardboard. Since their introduction, numerous substrates have expanded the printing industry's options for printing on plastics and fiber. Customers have increasingly favored flexographic printing plates because of their ability to eliminate fluting in corrugated board printing. Demand for corrugated packaging by brands across industries worldwide is driving expansion in the flexographic printing plates industry. Technology improvements in the flexographic printing plates market have been supported by an ever-increasing focus on enhancing the efficiency of flexographic printing. The widespread need for printing presses in various industries has contributed to the development of the market. Sloth in the manufacturing sector is largely to blame for the recent COVID-19 pandemic's suppression of the use of flexographic printing plates.
Increased demand from industries such as packaging, corrugated printing, tag and label production, and others have contributed to the market's expansion. During the forecast period, the digital flexographic plates sector is anticipated to expand at a greater compound annual growth rate (CAGR) than the analog flexographic plates segment. The widespread adoption of digital printing methods is largely responsible for this trend. During the projected period, the market for flexographic printing plates is anticipated to be led by North America, Europe, and the Asia Pacific.
In order to predict the market, researchers are closely comparing production and consumption habits. Additionally, scenario-based analysis, market segment growth, and the expansion of adjacent markets are taken into account when predicting the market. The market size was estimated using both a top-down and bottom-up strategy, and the results were verified by in-depth interviews with market participants. Taking into account the characteristics of the market, we calculated the Commodity Chemicals through segment aggregation, the share of the Commodity Chemicals in Diversified Materials, and the percentage of the market held by each vendor. We identified potential market growth drivers, trends, restraints, and opportunities and examined their potential impact on the market's future direction. We have evaluated the market's growth from year to year to get a better grasp on its dynamics. Growth patterns were also identified by comparing growth rates over time.
Flexography is utilized in flexible packaging because consumers prefer items that are both convenient to use and visually appealing on store shelves. Flexographic printing plates offer superior quality on all typical substrates, and this includes both fine screens and vignettes and smooth solids. Flexographic printing plates are in increased demand as the environmental consciousness of customers increases the need for more eco-friendly packaging. There have been new opportunities for printing on packaging in many different end-user sectors since the development of digital flexo plates that are compatible with many different ink types. China's industry slowdown has a knock-on effect on pigments used in packaging inks. The effect on the market for flexographic printing plates is dramatic. In addition, several firms have had trouble maintaining a steady supply of raw materials for printing plates due to disturbances in their supply chains. Lack of interest in both capital and consumer products has had a negative impact on the flexographic printing plates business.
The printing industry has seen an increase in the need for flat top dot flexographic printing plates. The market for flexographic printing plates has been growing, especially for printing on environmentally friendly paper and paperboard. Flint Group Flexographic, a leading provider of flexographic printing plates solution, released Nyloflex FTL Digital for corrugated printing applications in May 2020, with an eye toward capitalizing on a massive opportunity. The business claims its product would let consumers waste less plate material, making it an environmentally friendly option. The use of these flat top dot flexographic printing plates will also help to reduce operating expenses. According to the manufacturer, one major perk of this printing plate is that it may be used with a substrate made from recycled fibers.
Pigments for package printing inks have also dropped in the south due to the severe economic downturn in China. The use of flexographic printing plates is severely impeded as a result. Several companies' efforts to keep printing plates stocked with basic ingredients have hit roadblocks due to disruptions in supply. The growth of the flexographic printing plates market has been severely hampered by a lack of investor and consumer spending. One of the most important factors that will help the flexographic printing plates market develop is the rising desire for eco-friendly packaging among consumers. With the introduction of digital flexo plates, businesses were able to expand their potential for profit. The push toward recycling inks and other printing press consumables also contributes to the market's growth. Market participants in the flexographic printing plates industry can anticipate new opportunities brought about by the rising demand for multipurpose printing plates.
Report Coverage
Global Flexographic Printing Plates research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Flexographic Printing Plates report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Flexographic Printing Plates competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Flexographic Printing Plates market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | DuPont, Flint, MacDermid, Toray, Kodax, Fujifilm, Asahi Kasei, Toyobo |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Flexographic Printing Plates Market from 2021 to 2030.
- Market Forecast for Flexographic Printing Plates Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Flexographic Printing Plates competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Flexographic Printing Plates
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Flexographic Printing Plates market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Flexographic Printing Plates market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
DuPont, Flint, MacDermid, Toray, Kodax, Fujifilm, Asahi Kasei, Toyobo
Primary Target Market
- Market Players of Flexographic Printing Plates
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Flexographic Printing Plates market based on the below-mentioned segments:
Global Flexographic Printing Plates Market, By Type
Digital Flexographic Plates
Analog Flexographic Plates
Global Flexographic Printing Plates market, By Application
Package Printing
Corrugated Printing
Tag and Labels
Newspapers
Flexible Packaging
Other
Global Flexographic Printing Plates Market, By End User
Food & Beverage
Pharmaceutical
Consumer Goods
Industrial
Others
Global Flexographic Printing Plates market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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