Global Printing Blankets Market Analysis | 2019-2024

Market Insights

"The global printing blankets market size was valued at US$ 648.37 Mn in 2018 and is expected to reach US$ 855.62 Mn by 2024, registering a CAGR of 4.7% from 2019 to 2024."

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Printing blanket is an imperative part of offset printing 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 the early days, blankets were made from pure rubber which 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 use different synthetic rubbers to increase their resistance. The primary synthetic rubber used today is Buna N, Neoprene, along with NVR (Nitrile Rubber), and EPDM (Ethylene Propylene Diene Monomer Rubber) to increase the durability of the blanket. To provide additional strength to the blanket, a backing with either fabric or metal is provided.

Market Dynamics

Market Drivers

The prime factor that is contributing to the growth of the global market are-

• Expansion of the packaging industry.
• Growing advertising industry.
• Increased focus on the development of eco-friendly blankets.

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Segments Analysis

"The conventional printing blankets segment accounted for the largest market share."

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 with a share of >65% of 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 UV inks and help in UV printing.

By Substrate Type

"The paper & paperboard segment accounted for the largest market share."

The market is segmented into paper & paperboard, metal, textile, and others. Paper & paperboard dominates the market with a share of >65% of the market and is expected to maintain its vanguard in the market during the forecast period as well. Paper & and paperboard printing majorly includes printing of newspapers, magazines, and corrugated boxes, used for packaging. Asia-Pacific is the largest market for newspapers, magazines, and corrugated boxes, owing to the huge population base coupled with meteorically increasing disposable income and expanding economies, especially in China and India.

By Application Type

"The packaging segment accounted for the largest market share."

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. Food & and beverages, cosmetics & and toiletries, and healthcare are the major applications of the packaging printing blankets market. An 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.

Regional Insights

"Asia-Pacific accounted for the largest market share."

Asia-Pacific is projected to remain the largest market with a share of >40% of the market as well as 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 a huge consumer base, significant economic growth, and a 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.

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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

Some of the key players 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.

Note: The above list does not necessarily include all the top players in the market.

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Report Features

This comprehensive report, from Stratview Research, studies the printing blankets market over the trend period of 2013 to 2018 and the forecast period of 2019 to 2024. The report estimates the current and future demand for printing blankets at the global, regional, as well as country-level.

The report also studies all the major suppliers of printing blankets across the globe and estimates their current market share. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as formulating growth strategies.

What Deliverables Will You Get in this Report?

Segmentation

This report studies the market covering 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The market is segmented into the following categories. 

By Blanket Type

• Conventional Printing Blankets
• UV Printing Blankets
• Combination Printing Blankets
• Others

By Substrate Type

• Paper and Board
• Metal
• Textile
• Others

By Application Type

• Packaging
• Commercial
• Newspaper
• Others

By Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: France, Germany, the UK, Spain, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s printing blankets market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a 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. More than 1000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Customization Option

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: 

Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected].