The flexographic printing plates market is estimated to grow at a 7.8% CAGR from 2022 to 2032, rising from US$ 751.39 Million in 2022 to a valuation of US$ 1592.4 Million by 2032. The flexographic printing plates market is expected to offer strong growth potential between 2022 and 2032.
How is the Competitive Landscape in the Flexographic Printing Plates Market
The major players with a significant share in the market are aiming to expand their customer base across other countries. To gain market share and profit increases, these companies are taking advantage of strategic collaborations.
Over the past decade, flat-top dot flexographic printing platess have become increasingly popular in the printing industry. The market for flexographic printing platess has gained growth in part due to consumer demand for printing on sustainable substrates such as paper and paperboard.
To meet the growing demand for corrugated printing applications, Flint Group Flexographic, a prominent supplier of flexographic printing platess, has launched Nyloflex FTL Digital. As a result of the company's solution, end-users will use less plates material, allowing the solution to be sustainable.
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Key companies profiled
- Asahi Kasei,
What are the Major Factors Influencing the Flexographic Printing Plates Market Share?
Flexography is being employed in flexible packaging because consumers desire items that are not only easy to handle but also look beautiful on shelves. Flexographic printing plates give great quality on all regularly used substrates, in addition to fine screens and vignettes and smooth solids. Flexographic printing plates are in increasing demand as consumers grow more conscious of the need of sustainable packaging. Furthermore, the emergence of digital flexo plates that are compatible with a variety of ink types has opened up new opportunities for printing packaging in a variety of end-user sectors.
The decline in Chinese industries has also impacted pigments for packaging inks. It has a significant influence on the use of flexographic printing.
Which Region holds the Highest Growth Potential in the Flexographic Printing Plates Market
Several developing and developed industries have been at the center of the development of prospects in the flexographic printing plates market.
Nearly all players are looking to realign their strategies to combat the dislocations in the force chain caused by the COVID-19 epidemic lockdowns that have been in place for quite some time. Some prominent players are banking upon the fashionability of eco-friendly printing substrates and cost-effective printing platess.
The global flexographic printing plates request in 2017 has been dominated by North America. Demand for printing platess has risen as a result of the growing need for different print products coupled with advancements in printing plates technology.
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Frequently Asked Questions
- How much is the global Flexographic Printing Plates market worth?
- At what CAGR is the Flexographic Printing Plates market projected to grow in the forecast period (2022-2032)?
- Which is the leading segment in the Flexographic Printing Plates market?
- What are the key factors driving the market?
- Who are the leading players in the market?
- Which region held the highest market share in the market?
Key Segments Profiled in Flexographic Printing Plates Market
- Package printing
- Paper Substrate printing
- Tag and Labels
- Quality Flexography
- Rounded Top
- Flat top dot
- Thermal platess
- Solvent based
- Coating based
By Ink compatibility:
- Solvent based
- UV Cured
- Cationic Inks
- North America
- Latin America
- East Asia
- South Asia
- Middle East & Africa
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