Market Size –
The printing plates market size has grown strongly in recent years. It will grow from $9.29 billion in 2023 to $9.94 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to increasing demand for high-quality printed materials in packaging and labelling, growth in the e-commerce sector requiring more diverse packaging solutions, advancements in printing technologies enhancing plate durability and performance, rise demand for customized and short-run print jobs, adoption of digital printing technologies influencing plate production methods.
The printing plates market size is expected to see strong growth in the next few years. It will grow to $13.09 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to continued expansion of e-commerce fuelling the need for more specialized packaging, growing focus on sustainability leading to increased demand for recyclable and eco-friendly printing plates, integration of artificial intelligence in printing processes optimizing plate usage, increasing demand for 3D printing technology driving innovation in plate materials, expansion of global markets and international trade requiring diverse printing solutions. Major trends in the forecast period include evolution of hybrid printing technologies combining traditional and digital methods, expansion of biodegradable and compostable printing plates in line with sustainability goals, adoption of advanced AI and machine learning for optimizing plate production and performance, growth of 3D printing applications influencing the development of new plate materials and designs, increasing integration of IoT in printing systems for enhanced monitoring and control of plate usage.
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Scope Of Printing Plates Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers –
The rise in promotional and advertising activities is anticipated to significantly boost the growth of the printing plates market in the future. These activities encompass efforts aimed at increasing awareness, interest, and sales of products or services through various marketing strategies and communication channels. The uptick in promotional and advertising activities can be attributed to multiple factors, including heightened competition, the need for brand differentiation, advancements in digital marketing technologies, and a growing focus on reaching target audiences through diverse channels. Printing plates are integral to these activities, as they facilitate the creation of high-quality and consistent print materials, including brochures, posters, and flyers. For example, in November 2023, a report from the Advertising Association, a UK-based trade association for advertisers, agencies, media, and research services, highlighted that advertising exports surged by 15.5% from 2021 to 2022, totaling $20.28 billion (£15.6 billion). Consequently, the rise in promotional and advertising activities is expected to drive the growth of the printing plates market through 2024 and into 2028.
Market Trends –
Major companies operating in the printing plates market are focusing on developing advanced sustainable flexo plate materials to enhance environmental performance and meet the growing demand for eco-friendly solutions. Eco-friendly and sustainable printing plates refer to plates designed with materials and processes that minimize environmental impact, reduce waste, and use fewer harmful chemicals. For instance, in May 2024, XSYS, a Germany-based provider of flexographic printing plates, launched the Nyloflex Eco Flexo Plate Series. The plates incorporate 19–29% renewable raw materials in their polymer layer, aligning with the industry’s shift towards more environmentally friendly practices. They also provide a 20% reduction in processing time, which enhances productivity while lowering energy and solvent consumption.
The printing plates market covered in this report is segmented –
1) By Type: Flexographic Printing Plates, Screen Printing Plates, Gravure Printing Plates, Rotogravure Printing Plates, Thermal Printing Plates, Printing Plate Cleaning Machines, Corrugated Flexographic Printing Plates, Digital Flexographic Printing Plates, Digital Offset Printing Plates, Other Types
2) By Sales Channel: Direct Channel, Indirect Channel
3) By Application: Food And Beverage, Garment, Automotive, Other Applications
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Regional Insights –
Asia-Pacific was the largest region in the printing plates market in 2023. The regions covered in the printing plates market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies in the market are Fujifilm Holdings Corporation, Asahi Kasei Corporation, Toray Industries Inc., DuPont de Nemours Inc., Sun Chemical Corporation, Element Solutions Inc., Agfa-Gevaert NV, Flint Group SA, Siegwerk Druckfarben AG & Co. KGaA, Eastman Kodak Company, MacDermid Graphics Solutions LLC, Miraclon HoldCo Corporation, Inkcups Now Corporation, Anderson & Vreeland Inc., Lucky Huaguang Graphics Co. Ltd., Grafiflex SRL, Tampoprint AG, PlateCrafters, Tape & Label Converters Inc., ATL Printing and Converting
Table of Contents
1. Executive Summary
2. Printing Plates Market Report Structure
3. Printing Plates Market Trends And Strategies
4. Printing Plates Market – Macro Economic Scenario
5. Printing Plates Market Size And Growth
…..
27. Printing Plates Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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