According to a market report by Lucintel, the future of the flexographic printing plate market looks promising with opportunities in the package printing, corrugated printing, and tag and label applications. The global flexographic printing plate market is expected to reach an estimated $1,267.3 million by 2028 with a CAGR of 5.8% from 2023 to 2028. The major drivers for this market are growing demand for printing in packaging and labelling applications and increasing trend of digital technologies across the globe.
In this market, digital flexographic plates and analog flexographic plate are the two major segments of flexographic printing plate market by product type. Lucintel forecast that analog flexographic will witness the higher growth over the forecast period because it is available in various sizes and shapes that help printers to print images with greater accuracy.
Within this market, package printing is expected to remain the largest segment due to the increasing consumer awareness towards product safety along with growing demand for packaged food products across the globe.
APAC will remain the largest region due to the increasing demand in various industries, such as food & beverages, retail, pharmaceuticals, and others, along with rising popularity of flexographic printing among small scale businesses in the region.
DowDuPontFlint, MacDermid, Toray, Asahi Kasei, Toyobo, and Fujifilm are the major suppliers in the global flexographic printing plate market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global flexographic printing plate market by product type, application, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Flexographic Printing Plate Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global flexographic printing plate market by product type, application, and region, as follows:
Flexographic Printing Plate Market by Product Type [Value ($M) Shipment Analysis from 2017 to 2028]:
Digital Flexographic Plates
Analog Flexographic Plates
Flexographic Printing Plate Market by Application [Value ($M) Shipment Analysis from 2017 to 2028]:
Package Printing
Corrugated Printing
Tags and Labels
Others
Flexographic Printing Plate Market by Region [Value ($M) Shipment Analysis from 2017 to 2028]:
North America
Europe
Asia Pacific
The Rest of the World
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at
helpdesk@lucintel.com.
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This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the global flexographic printing plate market by product type (digital flexographic plates and analog flexographic plate), application (package printing, corrugated printing, tags and labels, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last five years and what has its impact been on the industry?