Flexographic Printing Plates Market

Flexographic Printing Plates Market Outlook

The flexographic printing plates market is expected to record a CAGR of 7.8% during the forecast period 2022-2032, up from US$ 751.39 Million in the year 2022 to reach a valuation of US$ 1592.4 Million by 2032.

The flexographic printing plates market is anticipated to show promising growth prospects in the forecasted period 2022-2032.

What are the Key Drivers to the Flexographic Printing Plates Market Share

Consumers want products that are not only easy to handle, but also look good on shelves, driving flexography to be used in flexible packaging. In addition to fine screens and vignettes and smooth solids, flexographic printing platess provide exceptional quality on all commonly used substrates. As consumers become more aware of sustainable packaging, flexographic printing platess are in higher demand. Additionally, the introduction of digital flexo platess that are compatible with a wide range of ink types has opened up new possibilities for printing packaging in various end-user industries.

The fall in industries in China has likewise affected pigments for packaging inks. It has a huge impact on the use of flexographic printing platess. In addition, certain players have faced problems with supply disruptions that have made it impossible to ensure the availability of raw materials for printing platess. The flexographic printing plates market has also been adversely affected by a lack of appetite for both capital and consumer goods.

Flexographic printing platess will evolve due to the growing demand for sustainable packaging among consumers. New revenue opportunities were created for companies with the advent of digital flexo platess. The push to use recyclable materials, such as inks, in printing presses also reinforces the demand. Players are likely to find new opportunities in the flexographic printing platess market as the need for versatile platess increases.

Which Region holds the Highest Growth Potential in the Flexographic Printing Plates Market

Several developing and developed industries have been at the center of the development of prospects in the flexographic printing plates market.

Nearly all players are looking to realign their strategies to combat the dislocations in the force chain caused by the COVID-19 epidemic lockdowns that have been in place for quite some time. Some prominent players are banking upon the fashionability of eco-friendly printing substrates and cost-effective printing platess.

The global flexographic printing plates request in 2017 has been dominated by North America. Demand for printing platess has risen as a result of the growing need for different print products coupled with advancements in printing plates technology. 

From now until 2020, Asia-Pacific is expected to grow at a strong CAGR. Because of rising consumer mindfulness, competition, and income situations, flexographic printing platess are in demand in the region. 

In addition, visually appealing packaging and environmentally friendly printing are also in demand. In addition to China, India, and Malaysia, demand in the region should help boost growth.

Ismail Sutaria

Principal Consultant

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How is the Competitive Landscape in the Flexographic Printing Plates Market

The major players with a significant share in the market are aiming to expand their customer base across other countries. To gain market share and profit increases, these companies are taking advantage of strategic collaborations.

Over the past decade, flat-top dot flexographic printing platess have become increasingly popular in the printing industry. The market for flexographic printing platess has gained growth in part due to consumer demand for printing on sustainable substrates such as paper and paperboard. 

To meet the growing demand for corrugated printing applications, Flint Group Flexographic, a prominent supplier of flexographic printing platess, has launched Nyloflex FTL Digital. As a result of the company's solution, end-users will use less plates material, allowing the solution to be sustainable. 

The flat bottom dots of these flexographic printing platess can also reduce consumable costs. Using recycled fibers in the substrate is one of the key advantages of this printing plates, asserts the company.

The global flexographic printing plates market has numerous small-scale and international manufacturers at the regional level. Few industry players are identified across the value chain of the global flexographic printing plates market which are DuPont, Flint, MacDermid, Toray, Kodax, Fujifilm, Asahi Kasei, Toyobo.

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Key Segments Profiled in Flexographic Printing Plates Market

By Format:

• Digital
• Analogue

By Type:

• Photopolymer
• Rubber
• Others

By Application:

• Package printing
• Paper Substrate printing
• Tag and Labels
• Quality Flexography
• Others

By Design:

• Rounded Top
• Flat top dot

By Type:

• Thermal platess
• Solvent based
• Coating based

By Ink compatibility:

• Aqueous
• Solvent based
• UV Cured
• Cationic Inks

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East & Africa