The Global Flexographic Printing Plates Market is likely to ascend at a CAGR of 5.9% over the forecast period (2021-2027) according to QuantAlign Research. The growth of the flexographic printing plates market is primarily attributed to increasing investment in printing industry, and growing demand for diversified printing products. Moreover, technological advancements in packaging industry is also likely to drive the flexographic printing plate market over the forecast period.

Traditionally, flexographic plates were made from rubber but nowadays are made from photopolymer material in sheet form – which differentiates them from the fixed metallic printing plates of offset printing. These plates are wrapped around cylindrical print/plate rollers. A wide variety of flexographic printing plates are available for label printers, however these vary in terms of their properties, manufacturing process and print behavior. Growing awareness and adoption of sustainable packaging has led to an increased demand for flexographic printing plates.

The global flexographic printing plate market has experienced rapid growth over the years owing to increased applications in the pharmaceutical sector and chemical industry. This has resulted in demand for high quality packaging material and printing technology & equipment. The market for flexographic plates has been driven by increasing investments from key players of the market in the region. Additionally, investments in flexographic printing presses consequently drives the flexographic printing plates market.

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Global Flexographic Printing Plate Market Demand Outlook, COVID-19 Impact, Trend Analysis by Format, by Type (Photopolymer, Rubber), by Processing (Rounded Top, Flat Top), by Design (Thermal Plates, Solvent Based, Coating Based), by End Use, and Industry Estimates 2021-2027 –  “https://quantalignresearch.com/global-flexographic-printing-plate-market-report “

Key insights: 

• The photopolymer segment is projected to hold the major market share in 2020, and is estimated to retain its dominance over the years to come
• The digital segment is likely to register the highest CAGR during 2021-2027
• Asia-Pacific is expected to grow at the high CAGR during the forecast period

Key players operating in the market include: Asahi Kasei Corporation, DuPont, Dynamic Dies Inc., Flint Group, Flexi Printing Plate Co, Luminite Products Corporation Inc., MacDermid, Inc., TechNova Imaging Systems Pvt Ltd, SUMEI CHEMICAL CO. LTD., United Engravers Inc. ©, among others.