Global Printing Blanket Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022-2027)

The Global Printing Blanket Market is Segmented by Blanket Type (UV Printing Blankets, Conventional Printing Blankets, Combination Printing Blankets), Substrate Type (Paper and Board Printing, Metal Printing, Textile Printing), Application Type (Packaging, Commercial, Newspaper), and Geography.

Market Snapshot

CAGR
Study Period: 2020-2027
Base Year: 2021
Fastest Growing Market: Asia-Pacific
Largest Market: Asia-Pacific
CAGR: 8.1 %

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Market Overview

The global printing blanket market is expected to register a CAGR of 8.1% during the forecast period (2022-2027). Organic growth of the offset printing market, growing advertising and packaging industry, and increased focus on the development of eco-friendly blankets are among the major factors catapulting the growth of the studied market.

  • According to the Federal Statistical Office of Germany, the revenue of the packaging industry amounted to EUR 29.6 billion in 2021. This reported revenue increased by EUR 3.3 billion as compared to the previous year. Furthermore, in terms of materials, the paper packaging industry contributed about 34% of the packaging industry revenue in Germany.
  • Increased demand for promotional materials across industries such as retail, F&B, and automotive is also supporting the growth of the studied market. The demand for printing blankets is being driven majorly by commercial printing, as enterprises across the world are increasing their investments in promotional activities such as print advertising.
  • For instance, the advertising revenue of the New York Times amounted to USD 530.68 million, USD 392.42 million, and USD 497.54 million for the years 2019, 2021, and 2021, respectively.
  • However, the growing propensity of businesses toward digital media for publishing and advertising activities may negatively impact the growth of the studied market, as the digital printing process generates less waste and provides more accurate counts as compared to offset printing.
  • A significant impact of the COVID-19 pandemic has been observed on the studied market. As the newspaper industry is a major consumer of printing blankets, supply-chain issues due to the COVID-19 pandemic negatively impacted its growth. Several printing presses were shut down during the initial phase of the pandemic. However, with the condition moving towards normalcy, the market is expected to regain momentum during the forecast period.

Scope of the Report

Printing blankets are used primarily in the process of offset printing. These blankets are stretched around a printing cylinder and transfer the ink from the printing plate to the paper. The study tracks the demand for Printing Blankets used in Lithographic printing applications as well as the demand for printing blankets from Packaging, Commercial printing, Newspaper printing, and other forms of printing applications.

By Blanket Types
UV Printing Blankets
Conventional Printing blankets
Combination Printing Blankets
By Substrate Type
Paper and Board Printing
Metal Printing
Textile Printing
Other Printing
By Application Type
Packaging
Commercial
Newspaper
Others
By Region
North America
Europe
Asia-Pacific
Rest of the World

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Key Market Trends

Paper and Board Printing to Drive the Demand

  • Printing blankets are an integral part of the offset printing process. Although digital media has witnessed remarkable growth in recent years, the demand for newspapers, magazines, as well as printed advertising/leaflets has been stable, especially across emerging countries. For instance, in India, the number of registered newspapers is increasing periodically.
  • According to the American Forest & Paper Association (AF&PA), in 2021, the total containerboard production had increased 5.6 percent compared to 2020. This was the ninth increase in the past 10 years.
  • Although the consumption of printed media has decreased in recent years, its penetration is still significant. For instance, according to the data provided by the European Commission, the penetration of daily print press consumption in the EU region was 25% in 2021. Furthermore, according to the UK's Office of National Statistics, consumer spending on books in the United Kingdom has grown significantly from GBP 3,971 in 2020 to GBP 4,347 million in 2021.
  • The newspaper printing industry is also a major consumer of printing blankets. Owing to its widespread outreach, the industry is expected to support the growth of the studied market during the forecast period. For instance, according to ACPM, with more than 445,000 copies released in 2021, the newspaper Le Monde ranked first among national daily newspapers in France.
Number of Registered Newspapers and Periodicals Across India,

Asia Pacific to Hold Significant Market Growth

  • The Asia-Pacific region accounts for significant market growth due to increasing demand from critical regions like India, China, the Philippines, Thailand, and Vietnam. Factors such as high penetration of print media, increasing investment in print media advertising, rise in e-commerce, and urbanization, are supporting the growth of the printing market in the region.
  • Over the years, the growth of the paper print and packaging sector across the Asia Pacific region has been stable across the Asia Pacific region. For instance, according to the National Bureau of Statistics of China, the production volume of cardboard and processed paper in China was about 12 million metric ton in August 2021.
  • Similarly, according to Thailand's Ministry of Industry and Ministry of Commerce, the export value of pulp, paper, and print media in the country amounted to approximately USD 649 million in the third quarter of 2021.
  • Textile printing is another key area that is creating significant opportunities for the growth of the studied market. According to Invest India, the domestic apparel and textile industry in India contributes 7% of industry output in value terms, 5% to the country's GDP, and 12% of the country's export earnings.
Global Printing Blanket Market

Competitive Landscape

The global printing blanket market is moderately competitive and is moving toward a fragmented stage owing to the increase in the number of players operating in the market. Further, to further expand their market presence, the vendors are considering both organic and inorganic growth approaches. Some of the major players operating in the market include Continental AG, Habasit AG, Kinyosha Co. Ltd., and Flint Group, among others.

  • November 2021 - Trelleborg Group, a polymer technology development company based in Sweden, signed an agreement to sell its printing blankets operations to German manufacturing company Continental A.G. which plans to integrate it into its ContiTech business.
  • October 2021 - Flint Group, a provider of print consumables, announced that it had established a new offset packaging solutions unit to better serve its customers. Through this new division, Flint Offset Packaging Solutions (FOPS) will offer sheetfed inks, printing blankets, and pressroom chemicals to the customers.

Recent Developments

  • August 2021 - Komori Corporation launches the 40" Sheetfed Nanographic Printing System Impremia NS40 sales. The printing system is supported by Komori's previously amassed technologies, and with unique designs such as the use of image transfer blankets, the press achieves B1 print speeds of 6,500 sph. The company has launched the product to target the markets such as China, Japan, North America, and Europe.
  • February 2021 - Rengo Co., Ltd. announced that its Board of Directors has decided to acquire 50% of shares issued by Kinyosha Printing Co. Ltd. Additionally, Howa Sangyo Co., Ltd., a wholly-owned subsidiary of Rengo, also announced that it will acquire 20% of the shares issued by Kinyosha Printing.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGHTS

    1. 4.1 Market Overview

    2. 4.2 Industry Value Chain Analysis

    3. 4.3 Industry Attractiveness -Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

    4. 4.4 Assessment of the Impact of COVID-19 on the Packaging Industry

  5. 5. MARKET DYNAMICS

    1. 5.1 Market Drivers

      1. 5.1.1 Increased Demand From Flexible Packaging-based applications

      2. 5.1.2 Demand For High Quality Packaging Graphics

      3. 5.1.3 Increased Per Capita Consumption of Packaging

    2. 5.2 Market Challenges

      1. 5.2.1 High Impact Of Covid-19 On The Commercial And Newspaper Segments

      2. 5.2.2 Increased Penetration of Digital Media in Advertising

  6. 6. MARKET SEGMENTATION

    1. 6.1 By Blanket Types

      1. 6.1.1 UV Printing Blankets

      2. 6.1.2 Conventional Printing blankets

      3. 6.1.3 Combination Printing Blankets

    2. 6.2 By Substrate Type

      1. 6.2.1 Paper and Board Printing

      2. 6.2.2 Metal Printing

      3. 6.2.3 Textile Printing

      4. 6.2.4 Other Printing

    3. 6.3 By Application Type

      1. 6.3.1 Packaging

      2. 6.3.2 Commercial

      3. 6.3.3 Newspaper

      4. 6.3.4 Others

    4. 6.4 By Region

      1. 6.4.1 North America

      2. 6.4.2 Europe

      3. 6.4.3 Asia-Pacific

      4. 6.4.4 Rest of the World

  7. 7. COMPETITIVE LANDSCAPE

    1. 7.1 Company Profiles

      1. 7.1.1 Continental AG (ContiTech)

      2. 7.1.2 Habasit AG

      3. 7.1.3 KinyoshaCo. Ltd

      4. 7.1.4 Flint Group

      5. 7.1.5 CNI XINYUAN Ltd. (Airdot)

      6. 7.1.6 Birkan GmbH

      7. 7.1.7 Trelleborg AB

      8. 7.1.8 Fujikura Composites Inc.

      9. 7.1.9 Meiji Rubber and Chemical Co. Ltd

      10. 7.1.10 Shanghai Chen JiePrinting Material Co. Ltd

    2. *List Not Exhaustive
  8. 8. INVESTMENT OUTLOOK AND FUTURE OF THE MARKET

**Subject to Availability

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Frequently Asked Questions

The Global Printing Blanket Market market is studied from 2020 - 2027.

The Global Printing Blanket Market is growing at a CAGR of 8.1% over the next 5 years.

Asia-Pacific is growing at the highest CAGR over 2021- 2026.

Asia-Pacific holds highest share in 2021.

Continental AG (ContiTech), Habasit AG, Kinyosha Co. Ltd., Flint Group, Birkan GmbH are the major companies operating in Global Printing Blanket Market.

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