Printing Plates Market Report 2024

This Printing Plates market report covers industry characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The printing plates market size has grown strongly in recent years. It will grow from $9.29 billion in 2023 to $9.94 billion in 2024 at a compound annual growth rate (CAGR) of 7%. The growth during the historic period can be attributed to the increasing demand for high-quality printed materials in packaging and labeling, the expansion of the e-commerce sector necessitating more diverse packaging solutions, advancements in printing technologies that enhance plate durability and performance, a rise in demand for customized and short-run print jobs, and the adoption of digital printing technologies affecting plate production methods.

The printing plates market size is expected to see strong growth in the next few years. It will grow to $13.09 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The growth projected for the forecast period can be attributed to the ongoing expansion of e-commerce, which drives the need for more specialized packaging, a growing emphasis on sustainability increasing the demand for recyclable and eco-friendly printing plates, the integration of artificial intelligence in printing processes optimizing plate usage, rising demand for 3D printing technology spurring innovation in plate materials, and the expansion of global markets and international trade necessitating diverse printing solutions. Key trends anticipated include the evolution of hybrid printing technologies that combine traditional and digital methods, the rise of biodegradable and compostable printing plates aligned with sustainability goals, the adoption of advanced AI and machine learning to optimize plate production and performance, the growth of 3D printing applications influencing new plate materials and designs, and increased integration of IoT in printing systems for enhanced monitoring and control of plate usage.

The growth of the printing plates market is expected to be driven by the increase in promotional and advertising activities. These activities involve efforts to boost awareness, interest, and sales of products or services through various marketing strategies and channels. The rise in such activities is influenced by factors like intensifying competition, the need for brand differentiation, advancements in digital marketing technologies, and a growing focus on targeting audiences through multiple channels. Printing plates play a key role in these promotional and advertising efforts by producing high-quality and consistent print materials, including brochures, posters, and flyers. For example, in November 2023, the Advertising Association, a UK-based trade association for advertisers, agencies, media, and research services, reported a 15.5% increase in advertising exports from 2021 to 2022, reaching $20.28 billion (£15.6 billion). This surge in promotional and advertising activities is expected to drive the growth of the printing plates market.

Leading companies in the printing plates market are focusing on developing advanced, sustainable flexo plate materials to improve environmental performance and meet the rising demand for eco-friendly solutions. Sustainable and eco-friendly printing plates are designed to minimize environmental impact, reduce waste, and use fewer harmful chemicals. For instance, in May 2024, XSYS, a Germany-based provider of flexographic printing plates, introduced the Nyloflex Eco Flexo Plate Series. These plates use 19-29% renewable raw materials in their polymer layer and offer a 20% reduction in processing time, which enhances productivity while reducing energy and solvent consumption.

In August 2023, Reproflex3 Ltd., a UK-based flexographic solutions provider, acquired ANF Inc. for an undisclosed amount. This acquisition is expected to strengthen Reproflex3's presence in the European corrugated packaging market by enhancing its production capabilities and expanding its reach in the pharmaceutical sector. ANF Inc., based in the US, provides flexographic printing plates for the packaging industry.

Major companies operating in the printing plates market are Fujifilm Holdings Corporation, Asahi Kasei Corporation, Toray Industries Inc., DuPont de Nemours Inc., Sun Chemical Corporation, Element Solutions Inc., Agfa-Gevaert NV, Flint Group SA, Siegwerk Druckfarben AG & Co. KGaA, Eastman Kodak Company, MacDermid Graphics Solutions LLC, Miraclon HoldCo Corporation, Inkcups Now Corporation, Anderson & Vreeland Inc., Lucky Huaguang Graphics Co. Ltd., Grafiflex SRL, Tampoprint AG, PlateCrafters, Tape & Label Converters Inc., ATL Printing and Converting.

Asia-Pacific was the largest region in the printing plates market in 2023. The regions covered in the printing plates market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the printing plates market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Printing plates are surfaces used in various printing processes to transfer ink onto substrates like paper, fabric, or plastic, creating images, text, or patterns. Essential to techniques such as offset printing, flexography, and gravure, these plates are commonly made from metal, rubber, or plastic.

The main types of printing plates include flexographic printing plates, screen printing plates, gravure printing plates, rotogravure printing plates, thermal printing plates, plate cleaning machines, corrugated flexographic printing plates, digital flexographic printing plates, digital offset printing plates, and others. Flexographic printing plates are used in flexographic printing, a relief printing method. Made from flexible materials like rubber or photopolymer, they transfer ink to various substrates, including paper and plastic, to produce high-quality prints for packaging and labels. These plates are available through both direct and indirect sales channels and are utilized in industries such as food and beverage, garment, automotive, and more.

The printing plates market research report is one of a series of new reports that provides printing plates market statistics, including the printing plates industry's global market size, regional shares, competitors with a printing plates market share, detailed printing plates market segments, market trends and opportunities, and any further data you may need to thrive in the printing plates industry. This printing plates market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The printing plates market consists of sales of letterpress printing plates, CTP (computer-to-plate) plates, anilox plates, photopolymer plates, aluminum printing plates, and steel printing plates. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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