Printing Plates Market Size - By Type (Flexographic printing plates, Screen printing plates, Gravure printing plates, Rotogravure printing plates, Thermal printing plates, Printing plate cleaning machines and others), Regional Outlook & Forecast, 2024 – 2032

Printing Plates Market Size - By Type (Flexographic printing plates, Screen printing plates, Gravure printing plates, Rotogravure printing plates, Thermal printing plates, Printing plate cleaning machines and others), Regional Outlook & Forecast, 2024 – 2032

Printing Plates Market Size

Printing Plates Market was valued at USD 14.48 billion in 2023 and is anticipated to register a CAGR of 3.9% between 2024 and 2032. The market is rapidly evolving, driven by a confluence of factors such as advancements in printing technologies, rise in promotional and advertising activities, and rising demand in packaging industries. There is a surge in the demand for high-quality packaging solutions as the production of goods has increased, boosting the demand for effective printing plates.  

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Advancements in printing technology are further fueling market growth. Technologies, such as computer-to-plate systems, are preferred due to their cost effectiveness and increasing efficiency during the production. Moreover, the increased promotional and advertisement activists across various sectors, such as food & beverages, consumer goods, pharmaceuticals, and retail, are contributing to the overall market growth. Businesses have started utilizing printed materials, such as labels and brochures, to further engage the consumers.
 

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A major challenge for the printing plates market is the ongoing shift toward digital printing solutions, owing to their shorter print runs, faster turnaround time, and cost-effectiveness. However, digital printing may require higher investments in equipment. Another challenge is the competition from alternatives, such as inject & laser printing, as these technologies are preferred due to their high-speed production, lower setup costs, and ability to print without any requirement of printing plates. Manufacturers must continuously innovate and upgrade themselves to remain competitive in the market.

Printing Plates Market Trends

The flexographic printing is trending owing to its cost effectiveness while printing large volume and improved high quality and efficiency. Flexographic printing is also preferred due to its environmental benefits and its compatibility with digital integration, which results in quick turnaround times.

Printing Plates Market Analysis

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Based on product type, the flexographic printing plates exceeded USD 2.94 billion in 2023 and is expected to reach more than USD 4.42 billion by 2032. This dominance can be attributed to its versatility, cost effectiveness, speed and efficiency, and overall print quality. Flexographic printing plates are preferred due to their ability to print high volume with efficient speed and better quality. Flexographic printing aligns with sustainability trends by using ecofriendly inks. As the demand for packaged foods is rising, flexographic printing is increasingly being preferred for packaging and label choice in various industries.

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Asia Pacific printing plates market was worth USD 8.24 billion in 2023 and is likely to exceed USD 12.03 billion by 2032. The region is experiencing rapid urbanization and industrial developments due to which there is a higher demand for effective production. Asia Pacific is known as a manufacturing hub for industries such as electronics, food, automobiles, and textiles. The expansion of these industries generate an effective demand for printing labels, thus driving the market growth.

Country-level Analysis

North America The U.S. dominated the North America printing plates market with a revenue of around USD 2,191.9 million in 2023 and is expected to reach around USD 2,896.8 million by 2032. This dominance is due to the region’s strong packaging industry. North America has a high demand in the food & beverages, pharmaceuticals and consumer goods, further increasing the demand for printing plates.

Europe Germany led the Europe printing plates market with a revenue of around USD 720 million in 2023 and is poised to hit around USD 1.06 billion by 2032, growing at a CAGR of 4.4%. Germany is witnessing significant demand for high-quality printing materials, driving the demand for high-quality printing plates.

Asia Pacific China dominated the Asia Pacific printing plates market with a revenue of around USD 3.11 billion in 2023 and is expected to reach around USD 4.65 billion by 2032. The country has a large consumer market demanding consumer products including packaged food and personal care products. For catering to these different industries, there is a need for efficient printing solutions for attractive packaging.

Printing Plates Market Share

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The printing plates industry comprises prominent players, such as FUJIFILM Holdings Corporation, Heidelberger Druckmaschinen AG, Agfa-Gevaert NV, Esko-Graphics BVBA, and MacDermid Graphics Solutions LLC, holding a market share of 40.7%. Manufacturers are adopting strategic steps, such as mergers, acquisitions, partnerships, and collaborations, to meet the growing consumer demand and consolidate their position in the market.

Printing Plates Market Companies

Major players operating in the global printing plates industry are

• Eastman Kodak Company
• FUJIFILM Holdings Corporation
• Heidelberger Druckmaschinen AG
• Agfa-Gevaert NV
• Esko-Graphics BVBA
• MacDermid Graphics Solutions LLC
• Toray Industries, Inc.
• DuPont de Nemours, Inc.
• Flint Group
• CRON-ECRM LLC
• Mitsubishi Chemical Corporation
• Plate Crafters LLC
• Trelleborg AB
• Asahi Photoproducts Europe NV
• Lüscher Technologies AG

Printing Plates Industry News

• In April 2024, Suntory Beverages selected Asahi AWP water washable plates for printing labels in the food & beverage industry.
• In September 2023,Fujifilm announced their partnership with Swiss CPT equipment manufacturer lusher technologies.
• In July 2021, Toray launched Prixia plates for can printing. The plates’ delivery rate is up to 250 lines per inch with a resolution of 75 to 120 lines per inch.

This printing plates market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue (USD Million) from 2018 to 2032, for the following segments

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Market, 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
• Direct laser engraving to plate printing equipment
• Dry offset printing plates
• Printing type, blocks, plates, cylinders, and lithographic stones

The above information is provided for the following regions and countries

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Malaysia
  • Indonesia
  • Rest of Asia Pacific 
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America 
• MEA
  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of MEA