Printing Blankets Market Study Offering Insights on Latest Advancements, Trends & Analysis from 2019 to 2024
April 28, 2022
Apr 28, 2022/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Printing Blankets Market.
It was estimated prior to this unanticipated outbreak that the Printing Blankets Market is projected to grow at a healthy rate over the next five years to reach US$ 855.6 million in 2024. Organic growth of the offset printing market, expanding the packaging industry, growing advertising industry, and increased focus towards the development of eco-friendly blankets are the major factors, catapulting the growth of printing blankets market.
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Printing blanket is an imperative part of the offset printing process as it is the final point of contact between the printed substrate and press. The main function of the blanket is to transfer the inked image from the plate to the substrate in the most efficient manner. The substrate may vary from paper to aluminum sheet to textile to any other substrates, such as plastics and metals. In early days, blankets were made from pure rubber that gave a much superior quality of image than lithographic plates used at that time, but it had its drawbacks. In the 1930s, the origination of synthetic rubber eliminated the problems inherent from the pure rubber, previously used. Today, the blankets are made by using different synthetic rubbers to increase their resistance. The primary synthetic rubber used today are Buna N, Neoprene, along with NVR (Nitrile Rubber), and EPDM (Ethylene Propylene Diene Monomer Rubber) to increase the durability of the blanket. In order to provide additional strength to the blanket, a backing with either fabric or metal is provided.
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Segments' Analysis
Based on the blanket type, the market is segmented into conventional printing blankets, UV printing blankets, combination printing blankets, and others. Conventional printing blanket is likely to remain the most dominant blanket type in the market over the next five years. High-quality print at a very competitive price is the major factor behind the dominance of conventional blankets. UV printing blanket is likely to expand at the highest rate over the same period, driven by its ability to resist the UV inks and helps in UV printing.
Based on the substrate type, the market is segmented into paper & paperboard, metal, textile, and others. Paper & paperboard dominates the market and is expected to maintain its vanguard in the market during the forecast period as well. Paper & paperboard printing majorly includes printing of newspaper, magazines, and corrugated boxes, used for packaging. Asia-pacific is the largest market for newspaper, magazines, and corrugated boxes, owing to the huge population base coupled with meteorically increasing disposable income and expanding economies especially of China and India.
Based on the application type, the market is segmented into packaging, commercial, newspaper, and others. Packaging application is expected to remain the most dominant segment of the market during the forecast period. The food & beverages, cosmetics & toiletries, and healthcare are the major applications of the packaging printing blankets market. Increase in the demand for sustainable packaging and flexible packaging along with cost-effectiveness and reduced packaging waste is the prime factor, driving the growth of the packaging segment. All the application types are expected to witness healthy growth during the forecast period.
In terms of region, Asia-Pacific is projected to remain the largest as well the fastest-growing market during the forecast period, driven by significant economic development in the region, increasing disposable income, surging demand for flexible and easy to carry packaging, and vastly expanded print media industry. China and India are the growth engines of the region’s market, propelled by huge consumer base, significant economic growth, and consistent supply chain. Availability of vast raw material sources, expanding the industrial sector, and readily available customer base are some of the factors, strengthening the eco-system of the Asia-Pacific’s printing blankets market.
Europe and North America are the other major markets for printing blankets, primarily driven by the packaging industry. Increasing demand for flexible and easy to carry packaging, rising concern towards the use of plastics in the packaging industry, and significant investment towards sustainable product development are the major factors, driving the growth of the North American and European printing blankets market. Increasing digitalization in these regions is acting as a major constraint towards the growth of the printing blankets market as it is severely impacting the stature of the newspaper and commercial print media industry.
Key Players:
Key players operating in the global Printing Blankets market are-
- Trelleborg AB
- Continental AG (ContiTech)
- Flint Group
- Fujikura Composites Inc.
- Kinyosha Co., Ltd.
- Meiji Rubber and Chemical Co., Ltd.
- Habasit AG
- Birkan GmbH
- CNI XINYUAN Ltd. (Airdot)
- Shanghai Chen Jie Printing Material Co., Ltd.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Printing Blankets analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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