Flexographic Printing Plates Market Demand, Sales Growth, Industry Trends, Opportunity Assessment 2032

ByNiranjan karde

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. Printing plates are popularly used in the print packaging industry for use in printing on paper and boards. A wide range of substrates has come to the fore that allow printing industries use a variety of inks for printing on plastics and fiber.

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Flexographic printing plates have gained preference among end users for removing unwanted fluting during the printing of printing on corrugated boards. The growth in the flexographic printing plates market lies on the back of growing demand for corrugated packing by brands in various industries, world over. Over the years, focus to improve the performance of flexographic printing has increased, bolstering technological advancements in flexographic printing plates market. Extensive demand for printing presses in industries has helped the market to evolve. However, the recent COVID-19 pandemic has suppressed the use of flexographic printing plates, mostly on the back of sloth in manufacturing industries.

Business Growth Drivers: 

  1. Increased Packaging Demand: The growing demand for flexible packaging in industries such as food and beverages, pharmaceuticals, and retail is a significant driver for the flexographic printing plates market. Flexographic printing is widely used for labels, tags, and flexible packaging, boosting the demand for printing plates.
  2. Advancements in Printing Technology: Ongoing advancements in flexographic printing technology, including improved plate materials, imaging techniques, and press capabilities, contribute to the market’s growth. Enhanced print quality, increased production efficiency, and reduced environmental impact are key factors driving the adoption of these innovations.
  3. Rising Popularity of Sustainable Printing: The global emphasis on sustainability has led to a surge in the demand for eco-friendly printing solutions. Flexographic printing plates offer environmentally friendly options, with water-based inks and solvent-free plates, aligning with the increasing preference for sustainable packaging practices.
  4. Expanding Label Printing Industry: The label printing sector, particularly in the context of product branding and information, is witnessing substantial growth. Flexographic printing is a preferred choice for label printing due to its cost-effectiveness, high-speed capabilities, and ability to accommodate a variety of substrates, driving the demand for flexographic printing plates.
  5. Global Economic Growth: As economies around the world continue to grow, there is an associated increase in consumer goods production and packaging needs. This economic expansion results in a higher demand for flexographic printing plates to cater to the rising requirements of packaging and labeling across diverse industries.

Industry Trends:

  1. Digital Flexography: The integration of digital technologies in flexographic printing processes is a prominent trend. Digital flexography enables quicker plate production, improved print consistency, and flexibility in managing variable data, addressing the need for customization and short print runs in various applications.
  2. Evolving Plate Materials: Advances in plate materials, such as photopolymer and elastomer materials, contribute to improved print quality, durability, and cost-effectiveness. Manufacturers are exploring new materials that offer better performance characteristics, enabling enhanced printing capabilities.
  3. Automation and Industry 4.0 Integration: The adoption of automation and Industry 4.0 principles in flexographic printing is on the rise. Smart printing presses, real-time monitoring, and automated workflows contribute to increased efficiency, reduced waste, and better overall control of the printing process.

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Key Segments:

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