What is Global Flexographic Printing Plate Market?
The Global Flexographic Printing Plate Market is a dynamic and rapidly evolving sector that plays a crucial role in the printing industry. Flexographic printing plates are flexible photopolymer plates, used in flexo printing to transfer ink & images to a flexible substrate, such as paper or film. The global market for these plates is vast and diverse, with a wide range of applications and uses across various industries. The market's value stood at a significant US$ 1225.7 million in 2022, and it is projected to reach an impressive US$ 1737 million by 2029. This growth trajectory, which represents a Compound Annual Growth Rate (CAGR) of 4.9% from 2023 to 2029, underscores the market's robust health and promising future.
Digital Flexographic Plates, Analog Flexographic Plates in the Global Flexographic Printing Plate Market:
The Global Flexographic Printing Plate Market is segmented into Digital Flexographic Plates and Analog Flexographic Plates. Digital flexographic plates, which account for over 75% of the market, are the dominant segment. These plates are created using digital imaging systems, which offer high-quality print and greater consistency than their analog counterparts. On the other hand, analog flexographic plates are made using traditional photomechanical processes. Despite their smaller market share, they continue to be used due to their cost-effectiveness and suitability for certain types of printing jobs. The main manufacturers in this market are DuPont, Flint, and Element Solution, who collectively account for about 70% of the market.
Flexible Packaging, Corrugated, Folding Cartons, Lami-Tube Printing, In-Mold Label Printing, Other in the Global Flexographic Printing Plate Market:
The Global Flexographic Printing Plate Market finds its applications in various areas such as Flexible Packaging, Corrugated, Folding Cartons, Lami-Tube Printing, In-Mold Label Printing, among others. In the Flexible Packaging sector, these plates are used to print on materials that are flexible, such as bags, pouches, labels, and wraps. In the Corrugated sector, they are used to print on corrugated board for packaging. Folding Cartons sector uses these plates for printing on cartons that are folded and glued to form a box. In Lami-Tube Printing, they are used to print on laminated tubes used for packaging. In-Mold Label Printing uses these plates to print labels that are placed in the mold that forms the container. The "Other" category includes various other applications where these plates are used.
Global Flexographic Printing Plate Market Outlook:
The market outlook for the Global Flexographic Printing Plate Market is quite promising. The market, which was valued at US$ 1225.7 million in 2022, is expected to reach US$ 1737 million by 2029, growing at a CAGR of 4.9% during the forecast period of 2023-2029. This growth is driven by the increasing demand for flexographic printing plates in various industries, including packaging, printing, and labeling. The market is dominated by major manufacturers such as DuPont, Flint, and Element Solution, who collectively account for about 70% of the market. North America is the largest market for flexographic printing plates, holding a share of about 45%. In terms of product type, digital flexographic plates are the largest segment, accounting for over 75% of the market. These plates offer high-quality print and greater consistency, making them the preferred choice for many industries.
| Report Metric | Details |
| Report Name | Flexographic Printing Plate Market |
| Accounted market size in 2022 | US$ 1225.7 million |
| Forecasted market size in 2029 | US$ 1737 million |
| CAGR | 4.9% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | DuPont, Flint, Element Solution, Toray, Asahi Kasei, Fujifilm, Miraclon, Toyobo |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
