What is the global market size of Flexographic Printing Plates Market?

Global Flexographic Printing Plates Market size was valued at USD 696.57 million in 2021 and is poised to grow from USD 751.39 million in 2022 to USD 1259.85 million by 2030, growing at a CAGR of 7.8% in the forecast period (2023-2030).

Flexographic Printing Plates Market Size, Share, Growth Analysis, By Format(Digital, Analogue), By Type(Photopolymer, Rubber, Others), By Application(Package printing, Paper Substrate printing, Tag, Labels), By Design(Rounded Top, Flat top dot), By Ink Compatibility(Aqueous, Solvent based, UV Cured, Cationic Inks), By Region - Industry Forecast 2024-2031

Report ID: SQSG15A2056 | Region: Global | Published Date: July, 2036
Pages: 157 | Tables: 145 | Figures: 78

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.

Flexographic Printing Plates Market Report Snapshots

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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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Flexographic Printing Plates Market Dynamics

Flexographic Printing Plates Market Report Snapshots

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