New study: Digital Offset Printing Plate market forecast to 2029 | Fujifilm (Japan), AGFA (Belgium), Kodak (The U.S.), Lucky Huaguang (Belgium)

Digital offset printing is a sub-set of offset printers that manufacturers use to automate their process — streamline the setup and changeover process. Offset printing is one of the most common printing techniques. It has two characteristics, the printing ink is initially, transferred to a blanket and not directly to the printing substrate, and in the printing process, selective ink adsorption is achieved by opposite physical-chemical characteristics of printing and non-printing areas. Most of the printing plates are made of aluminum foil, which is chemically and electrochemically processed and coated with a photoactive coating to form a rough and porous aluminum-oxide film.

Development of Packaging and Textile Industries to Drive the Market Growth, The global packaging industry recorded a steady growth during the past decade. The growth can be attributed to improvements in the choice of substrates, the penetration of new markets, and the shifting nature of ownership. Increased use of plastics replacing other substrates to meet customer demand for comfort, the economic boom in China and other developing areas, greater restructuring of the market, and increasing private equity ownership including headline shift are expected to boost the digital offset printing plate market during the forecast period.

In the next five to ten years, five big developments, such as e-commerce, evolving customer expectations, FMCG and retail margin contraction, sustainability, digitalization, and the use of the Internet of Things, will change the game in the packaging industry and lift the standard for success.

Rising Demand for Digital Advertisements and E-Books to Hinder the Market Growth, With the advent of digitalization and social media, there has been a rise in digital advertisements and e-books. Most of the noticeable changes are recorded, specifically in the book publishing industry, with e-reader systems such as Kindles and iPads allowing users to keep their entire literature collection on one computer instead of needing a physical book library.

The increasing appeal of digital consumer goods is associated with the massive growth in the use of mobile devices. As a part of this pattern, many school students see their cell phones as key to their lives. The exponential technological advancements are anticipated to hinder the market growth during the forecast period. Thus, the increasing usage of mobile phones and the internet has led to the transition in the delivery of advertisements and can hamper the digital offset printing plate market.

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The Major Players Covered in this Report:
Fujifilm (Japan)
AGFA (Belgium)
Kodak (The U.S.)
Lucky Huaguang (Belgium)
Strong State (China)
Huafeng (China)
Bocica (China)
Presstek (The U.S.)
Ronsein (China)
Xingraphics (China)
Toray Waterless (The Netherlands)
Maxma Printing (Taiwan)
Dongfang (China)
FOP Group(Singapore)

By Component, Software, Services,
By Type, Audit Management, Risk Management, Incident Management, Policy Management, Compliance Management, Others,
By Business Function, Integration, Support, Consulting,
By Vertical, BFSI, Telecom and IT, Energy and Utilities, Construction and Engineering, Government, Other

Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Digital Offset Printing Plate in the APAC Region
Asia-Pacific region is anticipated to hold the largest market share in the global Digital Offset Printing Plate market during the forecast period 2019-2029. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of Digital Offset Printing Plate and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of Digital Offset Printing Plate. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.

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Impact Of COVID-19 on Digital Offset Printing - With the COVID-19 pandemic, the digital offset printing plate market is expected to note a downturn in growth prospects. This can be attributed to lockdown-induced import-export restrictions, making domestic and cross-border trade difficult. Government-issued restrictions and norms emphasized only essential commodities, and as the offset printing services are not considered essential, operations in the sector have been disrupted, creating a pessimistic scenario for the packaging industry. The surge in digitalization during this period has affected the growth of the market. The COVID-19 outbreak has also affected the sales of physical products can also contribute to the market hindrance.

Recent Developments:
In 2019, Agfa introduces Eclipse, the most convenient process-free printing plate for sheet-fed commercial printers that combines all the benefits of process-free technology with effortless printing.

In 2020, Agfa introduces a plate loading robot that streamlines and speeds up printers’ prepress operations, while reducing the overall cost.

In 2020, Kodak announced a revolutionary new inkjet press and an enhanced portfolio of offset and digital solutions designed to delivers a good return on investment. The technology allows printers to increase profitability by making their traditional workflows more efficient while creating growth opportunities.

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The report covers exhaustive analysis on:
Overview of the parent market
Global Digital Offset Printing Plate Market Segments, Dynamics, Market Size, Share, Price, Volume, and Cost
Historical, current and projected market size in terms of volume and value
Global Digital Offset Printing Plate Market Forecast 2019 to 2026
Supply & Demand Value Chain
Global Digital Offset Printing Plate Market dynamics, including the current trends/drivers/threats/restraints/challenges
Potential and niche segments/regions exhibiting promising growth
Market landscape, competition, and leading companies involved
Strategies of leading companies and product offerings
Technological advancements

Key questions answered in this report:
What will be the market size by the end of the forecast period?
What are the factors driving the growth of the market?
What are the trends and developments that are likely to drive the growth of the market?
Who are the key players operating in the market?
What are the challenges, threats, and opportunities faced by the leading players?
What are the strengths and weaknesses of the key players of the market?

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This release was published on openPR.