Global Flexographic Printing Plates market

Global Flexographic Printing Plates Market Size, Share, Growth Analysis, By Format(Digital, Analogue), By Type(Photopolymer, Rubber), By Application(Package printing, Paper Substrate printing), By Design(Rounded Top, Flat top dot), By Ink Compatibility(Aqueous, Solvent based) - Industry Forecast 2023-2030


Report ID: SQSG15A2056 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 145 | Figures: 78

Global Flexographic Printing Plates Market Insights

Global Flexographic Printing Plates Market size was valued at USD 696.57 million in 2019 and is poised to grow from USD 751.39 million in 2023 to USD 1259.85 million by 2031, growing at a CAGR of 7.8% in the forecast period (2024-2031).

Due to a growing emphasis on refining the performance of flexographic printing throughout time, the market has experienced considerable technological advancements. High demand for printing presses across a number of industries has caused the market to change. In recent years, photopolymer printing plates have replaced rubber printing plates as the material of choice. The adoption of flat-top dots technology by the printing sector has led to a steady increase in the market potential for flexographic printing plates. The growing consumer demand for eco-friendly packaging is one of the key reasons that will support the growth of the market. Businesses now have new revenue opportunities thanks to the advent of digital flexo plates.

The drive to use recyclable resources in printing presses, such as ink, is another factor driving the industry's expansion. The market has been growing as a result of firms across different industries' growing demand for flexible packaging.

US Flexographic Printing Plates Market is poised to grow at a sustainable CAGR for the next forcast year.

Market snapshot - 2024-2031

Global Market Size

USD 696.57 million

Largest Segment

Digital

Fastest Growth

digital

Growth Rate

7.8% CAGR

Global Flexographic Printing Plates Market , 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
Global Flexographic Printing Plates Market Size By format, 2021-2028 ($ Bn)
Global Flexographic Printing Plates Market Size By format, 2021-2028 (%)

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Global Flexographic Printing Plates Market Segmental Analysis

Global Flexographic Printing Plates Market is segmented based on the Format, Type, Application, Design, Ink compatibility, and region. Based on Format, Flexographic Printing Plates Market is segmented into Digital, Analogue. Based on the Type, the Flexographic Printing Plates Market is segmented into Photopolymer, Rubber, Others. Based on the Application, the Flexographic Printing Plates Market is segmented into Package printing, Paper Substrate printing, Tag and Labels, Quality Flexography. Based on the Design the Flexographic Printing Plates Market is segmented into Rounded Top, Flat top dot. Based on the Ink compatibility, the Flexographic Printing Plates Market is segmented into Aqueous, Solvent based, UV Cured, Cationic Inks. Based on region, it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.

Flexographic Printing Plates Market Analysis by Application

Manufacturing of different stationery items, such as paper clips, pens, and markers, is part of the other application area. Due to its widespread use in packaging applications, the corrugated printing segment is anticipated to experience significant expansion during the forecast period. Flexographic printing plates are used to print on a variety of materials, including plastic, paperboard, and metal, among others. Global demand for packaged food items and growing consumer awareness of product safety are expected to drive market expansion over the coming years.

Flexographic Printing Plates Market Analysis by Format

Based on Types, it is estimated that the Digital segment will have the largest market share for Flexographic Printing Plates. A flexible substrate is covered in ink and bound with paper to form digital flexographic plates. By pushing the plate against a rubber mat or any other surface that may be used to draw an image, commonly a sheet of metal or glass, the picture is printed. The demand for eco-friendly products is one of the factors driving the market. Flexography printing uses analog flexographic plates. Depending on the ink used, they have a distinctive design and can create a variety of effects on the printing surface. These plates come in a variety of forms and sizes, which enables printers to produce images that are more precise.

Global Flexographic Printing Plates Market By format type, 2021 (%), 2023 (%)

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Global Flexographic Printing Plates Market Regional Insights

In terms of market size, North America will lead the worldwide flexographic printing plate market in 2021. Increased demand for printing plates across a variety of end-user industries is the result of growing demand for a variety of print goods and technological advancements in printing plates.

Asia-pacific is expected to grow at a high CAGR over the forecast period. Greater demand for flexographic printing plates has been seen in the area as a result of growing competition, consumer awareness, rising disposable income, the need for visually pleasing packaging, and sustainability in printing. China, India, and Malaysia are the region's three largest markets, which positively impacts new markets over the forecast period.

Global Flexographic Printing Plates Market By Geography, 2021-2028, 2024-2031
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Global Flexographic Printing Plates Market Dynamics

Flexographic Printing Plates Market Drivers

Increased demand for flexographic printing plates

  • Flexographic printing plates offer smooth solids, fine vignettes, and high-consistent quality prints on all frequently used substrates. Increasingly people are becoming aware of sustainable options and are using environmental packaging, which has increased demand for flexographic printing plates.

Growing eco-friendly packaging

  • When the market for eco-friendly packaging increases and becomes more widely accepted, flexographic printing plates will be more in demand.

Flexographic Printing Plates Market Restraints

Advent of New Printing Technologies

  • Due to their rapid printing speeds and ability to use both oil- and water-based inks, flexographic printing machines are popular in the print media, office and administrative use, and industrial applications. One of the growth regulators for the markets for flexographic printing machines is a higher initial setup cost.

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Global Flexographic Printing Plates Market Competitive Landscape

The market for flexographic printing machines appears to be moderately fragmented and competitive. Few of the top players today control a large portion of the market. These major firms, who hold a sizable market share, want to increase their consumer base in other nations. To increase their market share and boost their profitability, these businesses are utilizing strategies to improve their connection.

Flexographic Printing Plates Market Top Player's Company Profiles

  • DuPont
  • Fujifilm
  • Esko-Graphics BVBA
  • Flint Group
  • Anderson & Vreeland Inc.
  • Asahi Photoproducts
  • MacDermid Graphics Solutions
  • KODAK Flexcel Solutions
  • 3M Company
  • Toyobo Co., Ltd.
  • Flexo Concepts
  • Toray Industries, Inc.
  • All Printing Resources, Inc.
  • Luminite Products Corporation
  • Electro Optic US
  • Zecher GmbH
  • Nilpeter A/S
  • Jet Europe GmbH
  • Mounting Systems Inc.
  • Xeikon International BV

Flexographic Printing Plates Market Recent Developments

  • In May 2022, Nyloflex FTL Digital was launched to be used in corrugated printing applications. The company claims that by assisting end users in using less plate material, its solution will be sustainable. Additionally, the flat top dots on these flexographic printing plates will help to keep the cost of consumables low.
  • In June 2022, A contract between Komori Corporation and Shinwa Factory for the field testing of the 40-inch Sheetfed Nanographic Printing System, Impremia NS40, was announced.

Global Flexographic Printing Plates Key Market Trends

Flexographic Printing to Gain Popularity across Numerous End Use Industries due to its Safe and Sustainable Properties

  • Flexographic printing uses non-toxic inks and dries quickly. It is now feasible for printing on food packaging due to these considerations. It can be applied to disposable cups and containers as well as packaging like milk cartons, food and beverage containers, and food and beverage containers. Flexography can be used to print medicine packaging and other medical supplies since the correct ink makes it food-safe. It can be applied to cardboard packaging, plastic, foil wrappers, and sanitary bags. It is the ideal technique for printing on the brown corrugated boxes used in shipping and storage businesses since it can print on a wide range of substrates and surfaces. Flexographic printing is useful when printing on rolls of material used for plastic and paper bags since it may be done on flexible, non-rigid materials. It is the ideal option for commercial converters who produce printed plastic and paper bags.

Global Flexographic Printing Plates Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.

According to SkyQuest’s global flexographic printing plates analysis, geopolitical influence, natural disasters, climate change, legal scenario, economic impact, trade & economic policies, social & ethnic concerns, and demographic changes might affect Flexographic Printing Plate Market's supply chain, distribution, and total revenue growth. The market is highly influenced by the environmentally conscious consumption of plastic and non-degradable products. As more consumers turn towards sustainable options, the market will witness lucrative growth opportunities.

Report Metric Details
Market size value in 2023 USD 696.57 million
Market size value in 2031 USD 1259.85 million
Growth Rate 7.8%
Forecast period 2024-2031
Forecast Unit (Value) USD Million
Segments covered
  • Format
    • Digital, Analogue
  • Type
    • Photopolymer, Rubber, Others
  • Application
    • Package printing, Paper Substrate printing, Tag, Labels, Quality Flexography
  • Design
    • Rounded Top, Flat top dot
  • Ink Compatibility
    • Aqueous, Solvent based, UV Cured, Cationic Inks
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • DuPont
  • Fujifilm
  • Esko-Graphics BVBA
  • Flint Group
  • Anderson & Vreeland Inc.
  • Asahi Photoproducts
  • MacDermid Graphics Solutions
  • KODAK Flexcel Solutions
  • 3M Company
  • Toyobo Co., Ltd.
  • Flexo Concepts
  • Toray Industries, Inc.
  • All Printing Resources, Inc.
  • Luminite Products Corporation
  • Electro Optic US
  • Zecher GmbH
  • Nilpeter A/S
  • Jet Europe GmbH
  • Mounting Systems Inc.
  • Xeikon International BV
Customization scope

Free report customization with purchase. Customization includes:-

  • Segments by type, application, etc
  • Company profile
  • Market dynamics & outlook
  • Region

Historical Year 2019

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Flexographic Printing Plates Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Flexographic Printing Plates Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Flexographic Printing Plates Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Flexographic Printing Plates Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Flexographic Printing Plates Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Flexographic Printing Plates Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Global Flexographic Printing Plates Market size was valued at USD 696.57 million in 2019 and is poised to grow from USD 751.39 million in 2023 to USD 1259.85 million by 2031, growing at a CAGR of 7.8% in the forecast period (2024-2031).

The market for flexographic printing machines appears to be moderately fragmented and competitive. Few of the top players today control a large portion of the market. These major firms, who hold a sizable market share, want to increase their consumer base in other nations. To increase their market share and boost their profitability, these businesses are utilizing strategies to improve their connection. 'DuPont', 'Fujifilm', 'Esko-Graphics BVBA', 'Flint Group', 'Anderson & Vreeland Inc.', 'Asahi Photoproducts', 'MacDermid Graphics Solutions', 'KODAK Flexcel Solutions', '3M Company', 'Toyobo Co., Ltd.', 'Flexo Concepts', 'Toray Industries, Inc.', 'All Printing Resources, Inc.', 'Luminite Products Corporation', 'Electro Optic US', 'Zecher GmbH', 'Nilpeter A/S', 'Jet Europe GmbH', 'Mounting Systems Inc.', 'Xeikon International BV'

Flexographic printing plates offer smooth solids, fine vignettes, and high-consistent quality prints on all frequently used substrates. Increasingly people are becoming aware of sustainable options and are using environmental packaging, which has increased demand for flexographic printing plates.

Flexographic printing uses non-toxic inks and dries quickly. It is now feasible for printing on food packaging due to these considerations. It can be applied to disposable cups and containers as well as packaging like milk cartons, food and beverage containers, and food and beverage containers. Flexography can be used to print medicine packaging and other medical supplies since the correct ink makes it food-safe. It can be applied to cardboard packaging, plastic, foil wrappers, and sanitary bags. It is the ideal technique for printing on the brown corrugated boxes used in shipping and storage businesses since it can print on a wide range of substrates and surfaces. Flexographic printing is useful when printing on rolls of material used for plastic and paper bags since it may be done on flexible, non-rigid materials. It is the ideal option for commercial converters who produce printed plastic and paper bags.

In terms of market size, North America will lead the worldwide flexographic printing plate market in 2021. Increased demand for printing plates across a variety of end-user industries is the result of growing demand for a variety of print goods and technological advancements in printing plates.

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