According to the recent study the flexographic printing plate market is projected to reach an estimated $1,267.3 million by 2028 from $956.0 million in 2023, at a CAGR of 5.8% from 2023 to 2028. Growth in this market is primarily driven by growing demand for printing in packaging and labelling applications and increasing trend of digital technologies across the globe.

A more than 150 – page report is developed to understand trends, opportunities and forecast in flexographic printing plate market by product type (digital flexographic plates and analog flexographic plate), application (package printing, corrugated printing, tag and labels, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

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“Analog flexographic plates market is expected to remain the largest segment during the forecast period.”

Based on product type, the flexographic printing plate market is segmented into igital flexographic plates and analog flexographic plate. Lucintel forecasts that the analog flexographic plates market is expected to remain the largest segment because it is available in various sizes and shapes that help printers to print images with greater accuracy.

“Within the flexographic printing plate market, the package printing segment is expected to remain the largest application”

Based on application the package printing segment is expected to witness the highest growth over the forecast period due to the increasing consumer awareness towards product safety along with growing demand for packaged food products across the globe.

“Asia pacific will dominate the flexographic printing plate market in near future”

APAC will remain the largest region due to the increasing demand in various industries, such as food & beverage, retail, pharmaceuticals, and others, along with rising popularity of flexographic printing among small scale businesses in the region.

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Major players of flexographic printing plate market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. DowDuPontFlint, MacDermid, Toray, Asahi Kasei, Toyobo, and Fujifilm are among the major flexographic printing plate providers.

This unique 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 click on this link https://www.lucintel.com/flexographic-printing-plate-market.aspx or helpdesk@lucintel.com