The printing plates market size has shown strong growth, projected to grow from $9.29 billion in 2023 to $9.94 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. This historical growth can be attributed to the increasing demand for high-quality printed materials in packaging and labeling, growth in the e-commerce sector requiring diverse packaging solutions, advancements in printing technologies enhancing plate durability and performance, a rising demand for customized and short-run print jobs, and the adoption of digital printing technologies influencing plate production methods. In the forecast period, the market is expected to grow to $13.09 billion in 2028 at a CAGR of 7.1%, driven by the continued expansion of e-commerce, which fuels the need for specialized packaging, a growing focus on sustainability leading to increased demand for recyclable and eco-friendly printing plates, the integration of artificial intelligence in printing processes optimizing plate usage, a rising demand for 3D printing technology driving innovation in plate materials, and the expansion of global markets requiring diverse printing solutions. Major trends during this period include the evolution of hybrid printing technologies that combine traditional and digital methods, the expansion of biodegradable and compostable printing plates aligned with sustainability goals, the adoption of advanced AI and machine learning for optimizing plate production and performance, growth in 3D printing applications influencing the development of new plate materials and designs, and increasing integration of IoT in printing systems for enhanced monitoring and control of plate usage.
Global Printing Plates Market Key Driver
The rise in promotional and advertising activities is anticipated to significantly boost the growth of the printing plates market in the future. These activities encompass efforts aimed at increasing awareness, interest, and sales of products or services through various marketing strategies and communication channels. The uptick in promotional and advertising activities can be attributed to multiple factors, including heightened competition, the need for brand differentiation, advancements in digital marketing technologies, and a growing focus on reaching target audiences through diverse channels. Printing plates are integral to these activities, as they facilitate the creation of high-quality and consistent print materials, including brochures, posters, and flyers. For example, in November 2023, a report from the Advertising Association, a UK-based trade association for advertisers, agencies, media, and research services, highlighted that advertising exports surged by 15.5% from 2021 to 2022, totaling $20.28 billion (£15.6 billion). Consequently, the rise in promotional and advertising activities is expected to drive the growth of the printing plates market through 2024 and into 2028.
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Global Printing Plates Market Segments
The printing plates market covered in this report is segmented –
1) By Type: Flexographic Printing Plates, Screen Printing Plates, Gravure Printing Plates, Rotogravure Printing Plates, Thermal Printing Plates, Printing Plate Cleaning Machines, Corrugated Flexographic Printing Plates, Digital Flexographic Printing Plates, Digital Offset Printing Plates, Other Types
2) By Sales Channel: Direct Channel, Indirect Channel
3) By Application: Food And Beverage, Garment, Automotive, Other Applications
By Geography:The regions covered in the printing plates market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Asia-Pacific was the largest region in the printing plates market in 2023.
Major Printing Plates Industry Players
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
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Printing Plates Market Overview
Printing plates are surfaces used in printing processes to transfer ink onto a substrate, such as paper, fabric, or plastic, to create an image, text, or pattern. These plates are integral to various printing techniques, such as offset printing, flexography, and gravure, and are typically made from metal, rubber, or plastic.
Printing Plates Global Market Report 2023 provides data on the global printing plates market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The printing plates market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
