The flexographic printing plates market is expected to record a CAGR of 2.30% during the forecast period 2024 to 2034. The market valuation is anticipated to reach USD 1.12 billion in 2034. As of 2024, the global value of the flexographic printing plates market is USD 898.50 million.
| Attributes | Key Statistics |
|---|---|
| Expected Base Year Value (2024) | USD 5402.28 million |
| Anticipated Forecast Value (2034) | USD 898.50 million |
| Estimated Growth (2024 to 2034) | 2.30% CAGR |
Explore FMI!
Book a free demo
The last few years have seen a surge in consumer demand for customized and personalized products. This has pushed the demand for flexographic printing across various industries.
Apart from this, several other reasons are responsible for the growth of the flexographic printing plates market in the past few years:
The global flexographic printing plates market is witnessing several notable trends that are shaping its trajectory in recent years:
On the basis of process, the market for flexographic printing plates is segmented into digital and analogue. The digital category is projected to hold the largest share of the global flexographic printing plate market in 2024, accounting for 71.20% of the market.
| Attributes | Details |
|---|---|
| Process | Digital |
| Market Share | 71.20% |
Based on the format, the sheet plate category in the flexographic printing plate market dominates the market with a share of 56.40%.
| Attributes | Details |
|---|---|
| Format | Sheet Plates |
| Market Share | 56.40% |
This section offers a comprehensive analysis of the flexographic printing plate market across various countries, including India, China, Thailand, South Korea, and Spain. The table presents the CAGR for each country, depicting the estimated market growth in these regions until 2034.
| Countries | CAGR |
|---|---|
| India | 5.10% |
| China | 4.20% |
| Thailand | 3.80% |
| South Korea | 2.40% |
| Spain | 2.40% |
India is expected to exhibit significant market growth over the forecast period. The Indian market for flexographic printing plates is anticipated to grow at a CAGR of 5.10% through 2034.
India is becoming a prominent player in the global flexographic printing plates market, thanks to its thriving packaging industry driven by increased consumer demand, urbanization, and economic growth.
The Indian government's "Make in India" initiative is promoting domestic manufacturing, which is driving the demand for packaging materials and printing technologies such as flexographic printing plates.
India is also one of the lucrative markets in the flexographic printing plates industry. The Indian market for flexographic printing plates is anticipated to grow at a CAGR of 12.10%.
China's rising influence in the global flexographic printing plates market is attributed to its reputation as a major player in the global packaging industry and a manufacturing hub.
Its vast manufacturing capabilities and export-oriented economy are generating robust demand for flexographic printing plates, catering to both domestic consumption and international markets.
Thailand also is a promising market in the global flexographic printing plates industry. Over the next ten years, the Thai demand for flexographic printing plates is projected to rise at a 3.80% CAGR.
Thailand's growing presence in the global flexographic printing plates market is powered by its strategic location in Southeast Asia, favorable investment climate, and thriving packaging industry. The country's proximity to key export markets and its well-developed infrastructure make it an attractive destination for packaging manufacturers.
South Korea is also one of the countries that is filled with potential in this market. The South Korean flexographic printing plate market is anticipated to retain its dominance by progressing at a growth rate of 2.40% till 2034.
South Korea is emerging as a key player in the global flexographic printing plates market, thanks to its focus on technological innovation and manufacturing excellence. The country's advanced manufacturing capabilities and skilled workforce enable it to produce high-quality flexographic printing plates that meet international standards.
Spain also exhibits a promising future in the global flexographic printing plates market. The flexographic printing plate market in Spain is anticipated to retain its dominance by progressing at a growth rate of 2.40% till 2034.
Spain's growing influence in the global flexographic printing plates market is fueled by its well-established printing industry, strategic location in Europe, and commitment to sustainability.
Spain's emphasis on environmental sustainability and the circular economy is generating increasing demand for eco-friendly printing solutions like flexographic printing plates, further bolstering its position in the global market.
The flexographic printing plate market is filled with a multitude of companies that cater to both, industries as well as individual consumers. Some of the most prominent companies in the international marketplace are DuPont, Kodak, Esko, MacDermid Graphics Solutions, Asahi Photoproducts, Flint Group, Anderson & Vreeland, etc.
These companies have the majority share in the market while smaller companies that cater to the demands of regional clients are bringing in cost-effective methods to retain them.
Besides this, smaller companies, with limited consumer bases are also offering comprehensive customer support, including technical assistance, training programs, and after-sales services. This enhances their customer satisfaction and loyalty, leading to long-term relationships and repeat business.
Recent Developments
The flexographic printing plate market is expected to be worth USD 898.50 million by 2024.
The market for flexographic printing plates is expected to reach USD 1,128.1 million by 2034.
The flexographic printing plate market is growing at a CAGR of 2.30% from 2024 to 2034.
DuPont, Kodak, Esko, MacDermid Graphics Solutions, Asahi Photoproducts, Flint Group, Anderson & Vreeland, etc., are some of the major players in the market for flexographic printing plates.
The valuation for the flexographic printing plate market in 2023 was USD 874.10 million.
Disposable Food Containers Market Analysis by Material Type, Application and End Use Through 2035
Mailer Packaging Market Analysis by Material and Application Through 2035
Pressure Sensitive Tapes and Labels Market Analysis by Type and Application Through 2035
Panel Level Packaging Market Analysis by Materials and Technologies Through 2025 to 2035
Advanced Packaging Market Analysis by Type, End User and Region Through 2025 to 2035
Specialty Tin Cans Market Analysis by Material and Application Through 2035
Flexographic Printing Plate Market
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.
