Flexographic Printing Plate Market Size, Share, Growth, And Industry Analysis, By Type (Digital Flexographic Plates, Analog Flexographic Plates), By Application (Package Printing, Corrugated Printing, Tag, Labels, Others) and Regional Insights and Forecast to 2031

Updated On: 22 April 2024

flexographic printing plate market Report Overview

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The global flexographic printing plate market size was USD 1345.59 million in 2021 and is expected to reach USD 1984.36 million by 2027, at CAGR of 6.69% during the forecast period. The COVID-19 pandemic has been unprecedented and staggering, with the flexographic printing plate market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

A flexographic printing plate is an image transfer medium used in flexography. A plate is a thin sheet of plastic or metal on which a printable images engraved, engraved or lithographed. The plate is then mounted on a cylinder and inked with rubber or other types of printing plates.

Flexographic printing plate is widely used in package printing, corrugated printing, labels and stickers and other fields. The growth of the market is driven by the increase in demand for package printing, corrugated printing, labels and other applications. By type, the digital flexo plate segment is expected to grow at a higher CAGR than the analog flexo plate segment during the forecast period. This is due to the increasing demand for digital printing technology in various industries.

COVID-19 Impact: COVID-19 Has Halted The Production Hence Reduced Economic Growth

The spread of COVID-19 has affected the market and caused growth in the e-commerce sector. Online ordering and delivery of food and goods was at a record high during the pandemic as people spent more time at home. The COVID-19 pandemic has affected the flexographic printing market in several ways. Blockage and disruptions in supply chains have led to material shortages, production delays and increased costs. Reduced economic activity and consumer spending during the pandemic also weakened demand for printed packaging and labels. Many printing companies have faced labor problems due to security and limited capacity. In addition, the transition to electronic commerce has reduced the need for some printed materials. While the industry has shown resilience by adapting to remote work and adopting automation, the pandemic has stressed the need for flexibility and digitization in the face of unexpected disruptions.

Latest Trends

"Personalization And Customization Of Packaging Propel Market Growth"

Flexographic printing allows businesses to create custom designs and brands that stand out in the marketplace. This uniqueness helps brands stand out and create a strong identity in the minds of consumers. The versatility offered by the flexographic printing plate market share lends itself well to producing customized packaging solutions where consumers require customization based on target demographics, events or seasons. Flexographic printing can integrate variable data, allowing the inclusion of unique text, images and QR codes. This feature is especially valuable for offers, personal messages and serialized stickers. In addition, the efficiency of its printing allows the production of small batches of customized products that serve narrow markets and small audiences.

flexographic printing plate market Segmentation

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• By Type Analysis

According to type, the market can be segmented into Digital Flexographic Plates, Analog Flexographic Plates. Digital Flexographic Plates is anticipated to be the leading segment.

• By Application Analysis

Based on application, the market can be divided into Package Printing, Corrugated Printing, Tag, Labels, Others. Package Printing will be dominating segment.

Driving Factors

"Integration Of Digital Technologies And Hybrid Equipment Is Accelerating The Growth Of The Printing Sector "

One of the main flexographic printing plate market trends that lead to market expansion is the widespread adoption of digital solutions in flexographic hybrid label printing solutions. Hybrid solutions combine the advantages of flexographic printing with digital technologies. Flexography allows  the inclusion of primers, metals, spot colors and cold films, while digital printing technology is very efficient, allowing multiple versions and colors to be printed simultaneously. Importantly, flexo-digital hybrid label printing technologies enable printing organizations to increase productivity, efficiency and print quality. The packaging industry is driven by the growing consumer demand for packaged products, which greatly increases the demand for flexo printing, as flexo printing is widely used for packaging materials such as labels, boxes, bags and flexible packaging. The packaging industry is constantly evolving with growing trends, such as the growth of e-commerce and online shopping, which has led to an increase in demand for packaging materials to protect and deliver products. Increased corporate awareness of environmental sustainability and the demand for environmentally friendly packaging solutions fueled the flexographic printing plate market growth.

"Increasing demand for packaging augment market growth"

The key drivers of the flexographic printing plate market are the increasing demand for flexible packaging, the increasing popularity of flexo printing as a printing technology, and the increasing availability of high quality flexo printing plates. Flexible packaging is becoming increasingly popular because it offers many advantages over traditional rigid packaging, such as lighter weight, lower shipping costs and greater flexibility in design and format. Flexography is a printing technique that is well suited for printing on flexible substrates and is therefore the preferred printing technique for many flexible packaging applications. Flexographic printing involves complex machinery, wire-making processes, ink mixing and color management professional telephone operators important to ensure a smooth, efficient and quality output from the printing process.

Restraining Factors

"High Cost And Skilled Labor May Limit Market Expansion"

Higher initial setup costs are one of the restraints for the growth of the Flexographic Printing Machines market. Due to their fast printing speed and the ability to use both oil and water based inks, Flexographic presses are popular in office and administrative use of print media as well as in industrial applications. The use of flexographic printing equipment requires skilled and experienced users to effectively manage the printing process and maintenance. Labor costs and availability of skilled labor may indeed limit the flexographic printing plate market. Appropriate investment in workforce training is essential to the printing process. As a result, the availability of skilled labor and the associated labor costs can affect the efficiency, quality and competitiveness of the flexographic printing plate market.

flexographic printing plate market Regional Insights

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"Asia Pacific Is Expected To Dominate The Market due to Rising Regional E-Commerce Industry"

The regional e-commerce industry is growing rapidly, which is one of the major factors that will boost the adoption of flexographic printing plate machines during the forecast period, as flexo printing plays a key role in the printing of widely used labels and corrugated board across the industry. Asia Pacific was the largest regional market in 2021, accounting for the largest flexographic printing plate market share of total revenue. The region is expected to maintain its dominance during the forecast period due to growing demand across several key industries including food and beverages, retail, pharmaceuticals, and others. Growing population and rising levels of disposable income of consumers in developing countries such as China, India and Indonesia are also driving demand for products.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios. Key industry players in the antacid tablet market have a significant impact on market dynamics. These companies are at the forefront of research and development, consistently introducing innovative formulations and product variations. Their focus on convenience and effectiveness sets industry standards and influences market growth.

List of Market Players Profiled

• Toray (Japan)
• DuPont (U.S.)
• Flint (U.S.)
• Kodax (U.S.)
• MacDermid (U.S.)
• Asahi Kasei (Japan)
• Toyobo (Japan)
• Fujifilm (Japan)

Report Coverage

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.