What Has Been the Progress and Growth of the Printing Plates Market in Recent Years?
The printing plates market has seen considerable growth due to a variety of factors.
• The printing plates market has shown strong growth in recent years. It is expected to grow from $9.94 billion in 2024 to $10.66 billion in 2025, reflecting a compound annual growth rate (CAGR) of 7.3%.
The growth can be attributed to the increasing demand for high-quality printed materials, especially in packaging and labeling, the expansion of e-commerce requiring more diverse packaging solutions, advances in printing technology, and the rise of customized and short-run print jobs.
What Can Be Expected from the Printing Plates Market Size?
The printing plates market is expected to maintain its strong growth trajectory in upcoming years.
• The printing plates market is forecasted to grow to $14 billion by 2029 at a CAGR of 7.0%.
Growth factors include e-commerce expansion, sustainability trends, AI integration in printing, demand for 3D printing, and global market expansion. Major trends include hybrid printing technologies, biodegradable plates, AI and machine learning in production, and IoT integration for better monitoring.
What Are the Critical Driver Fuelling The Printing Plates Market's Growth?
The printing plates market's growth trajectory is projected to get a significant boost due to the escalating promotional and advertising activities. This encompasses a myriad of strategies geared towards heightening awareness and sales of goods or services by employing several communication channels. The surge in promotional and advertising activities can be attributed to an intensifying competitive landscape, growing need for distinguishing one's brand, technological evolution in digital marketing, and a burgeoning focus on tapping into target markets through a plethora of channels. Printing plates play an indispensable role in these activities by producing consistent and superior print material including brochures, posters, and flyers. For instance, a report from the Advertising Association, a UK-based organization encompassing advertisers, agencies, and research services, showed a 15.5% growth in advertising exports from 2021 to 2022. This translates to an astounding figure of $20.28 billion (£15.6 billion), announced in November 2023. Hence, the promotional and advertising activities upswing is expected to fuel the printing plates market's development.
How Is The Printing Plates Market segmented?
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
Subsegments:
1) By Flexographic Printing Plates: Photopolymer Flexographic Plates, Laser Engraved Flexographic Plates, Water-Washable Flexographic Plates
2) By Screen Printing Plates: Polyester Screen Printing Plates, Stainless Steel Screen Printing Plates, Aluminum Screen Printing Plates
3) By Gravure Printing Plates: Copper Gravure Plates, Steel Gravure Plates, Nickel Gravure Plates
4) By Rotogravure Printing Plates: High-Quality Rotogravure Plates, Standard Rotogravure Plates, Engraved Rotogravure Plates
5) By Thermal Printing Plates: Thermal CTP (Computer-To-Plate) Plates, Thermally Processed Plates, Thermal Plates For Offset Printing
6) By Printing Plate Cleaning Machines: Automated Plate Cleaning Machines, Manual Plate Cleaning Machines, Hybrid Cleaning Machines
7) By Corrugated Flexographic Printing Plates: Corrugated Board Flexo Plates, Single-Sided Corrugated Flexo Plates, Dual-Sided Corrugated Flexo Plates
8) By Digital Flexographic Printing Plates: Digital Flexo Plates For Packaging, Digital Flexo Plates For Labels, Hybrid Digital Flexo Plates
9) By Digital Offset Printing Plates: Digital Offset Plates For Commercial Printing, Digital Offset Plates For Packaging, CTP Digital Offset Plates
10) By Other Types: Laser-Engraved Plates, Offset Printing Plates, Specialty Printing Plates
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How Are Emerging Trends Reshaping The Dynamics Of The Printing Plates Market?
Leading corporations in the printing plates industry are prioritizing the development of enhanced sustainable flexo plate materials to improve their ecological performance and fulfill the escalating demand for environmentally friendly solutions. Printing plates that are eco-friendly and sustainable are crafted with materials and processes that reduce environmental damage, cut down on waste, and use fewer hazardous chemicals. For example, XSYS, a flexographic printing plate manufacturer based in Germany, introduced the Nyloflex Eco Flexo Plate Series in May 2024. These plates include 19-29% renewable raw materials in their polymer layer, reflecting the industry's trend towards greener procedures. Additionally, these plates offer a 20% decrease in processing time, boosting proficiency and reducing energy and solvent use.
Who Are the Key Players In The Printing Plates Market?
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 S.A.
• 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
What Is The Most Dominant Region In The Printing Plates Market?
Asia-Pacific was the largest region in the printing plates market in 2024. The regions covered in the printing plates market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
