Printing Blanket Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 0.96 Billion |
| Market Size (2029) | USD 1.18 Billion |
| CAGR (2024 - 2029) | 4.34 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Printing Blanket Market Analysis
The Printing Blanket Market size is estimated at USD 0.96 billion in 2024, and is expected to reach USD 1.18 billion by 2029, growing at a CAGR of 4.34% during the forecast period (2024-2029).
Growing demand from flexible packaging-based applications and demand for high-quality packaging graphics are expected to drive the market. The demand for flexible packaging applications is growing faster than in many other forms. It includes e-commerce, digital printing, and sustainability trends, which can drive market development and growth.
- Printing blankets are in high demand since they are essential to printing. Blankets aid in the transmission of ink from the printing press to the paper and are also required to create the proper degree of pressure. Printers must keep a consistent supply of blankets to generate high-quality prints. Another factor increasing the demand for printing blankets is the advancement in digital printing technology. With this technology, there is a greater need for large-format printing, which necessitates a larger blanket size. Digital printing's improved quality and efficiency also increased its popularity among businesses and consumers.
- Furthermore, printing blankets can be used in flexible packaging applications for high-quality printing. Offset printing blankets are commonly used for lithographic printing, which can be used for flexible packaging printing applications. Some examples of flexible packaging applications include wide web printing for pouches, wrap-around, and more.
- In addition, digital flexible packaging applications are becoming more popular in the market, facilitating high-quality, on-demand printing of flexible packaging with lower setup costs and shorter production runs than traditional lithographic printing.
- On the other hand, printing blankets face several challenges in the printing process. Common challenges include improper bearer pressure, packing damage, curled edges, and smashed blankets. These issues can lead to printing defects, such as voids or dark specks in print, as well as increase downtime and reduce productivity.
- In addition, the rubber material of the blanket can deteriorate over time and affect the quality of the print, requiring regular maintenance and replacement. The challenges of printing blankets highlight the importance of properly handling and maintaining the equipment to ensure optimal performance and high-quality prints.
- The rise in the medical and healthcare industry after the effect of the pandemic is driving the studied market. With the increasing demand for medical and healthcare supplies, the flexible paper and plastic packaging market may expect growth in the studied market. For instance, Envy Pack continued to supply medical and healthcare packaging solutions in clear pouches pockets and adhesive-backed sleeves, with and without print, to meet the demand.
Printing Blanket Market Trends
Packaging to be the Most Significant Application of Printing Blankets
- Packaging printing uses various printing techniques, such as offset lithography, rotogravure, flexography, digital printing, screen printing, and various ink types, to print packaging materials such as glass, metal, plastic, labels, paper, and paperboard. It is utilized in various industries, including pharmaceuticals and food and beverage.
- In the offset printing procedure, a rubber printing blanket is employed. For its initial usage in a printing machine, it is stretched around a printing cylinder and transfers the ink from the printing plate to the paper. The offset is generally needed for paperboard packaging, particularly for tiny retail and cosmetic packaging. Offset printing produces sharper and more vivid prints for smaller words and artwork. To effectively convey critical information to customers, it is imperative to maintain clear and concise information on packaging. Packaging made of paperboard went up in 2022 and is expected to grow more for the forecast period.
- Further, for flexible packaging, digital printing is becoming increasingly essential as it fulfills a variety of market and consumer needs that can be met with a high-end digital production asset. According to EDELPA SA, a provider of flexible packaging material, the global production volume of flexible packaging was expected to increase from 27.4 million metric tons in 2017 to 33.5 million metric tons in 2022.
- With the growing demand from packaging companies, manufacturers are consistently launching newer products in the market. In June 2022, Aarushi Agencies displayed the newest selection of Novurania, Kris, and Helios solutions. The top-of-the-line UV Printing Blankets NTR 150 Phantom are the newest addition to the Novurania line. Aarushi gave the Printpack guests a demonstration of the blanket that had just been released in January 2022. For barring and cutting blankets to produce blankets that match the highest international standards, Aarushi includes one of the greatest blanket conversion facilities in the nation. For the greatest outcomes, the top offset packaging firms in the nation continue to use their blankets for this reason.
- Increased cooperation among the convertors and retailers surrounding packaging led to the development of innovative ways of customer enticement. Online shopping and curating personalized experiences further aided the market for commercial printing in the packaging domain. Owing to this, many packaging companies are investing in commercial printing solutions, thus boosting the market's growth.
Asia-Pacific to Dominate the Market
- The Asia-Pacific region accounts for significant market growth due to increasing demand from critical areas like India, China, the Philippines, Thailand, and Vietnam. Factors such as high penetration of print media, increasing investment in print media advertising, a 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 sectors across the Asia-Pacific region is stable. For instance, according to the National Bureau of Statistics of China, the production volume of cardboard and processed paper in China was about 11.57 million metric tons in August 2022.
- 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 654.1 million in the third quarter of 2022.
- Textile printing is another key area that is creating significant opportunities for the growth of the market studied. 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.
- Additionally, strategic moves made by global players fuel the market's growth in the region. Considering the demand in the region, various local and global market players are expanding their presence in key countries such as India, China, and Japan. For instance, in October 2022, Bobst announced two important senior actions in the Asia Pacific (APAC) region. The company plans to expand in the region's key countries: Japan, Southeast Asia, South Korea, India, Oceania, and China. The company considers the region extremely important for its growth.
- Additionally, the increasing popularity of print marketing is expected to drive demand for offset printing services in the region. Many businesses are beginning to recognize the value of print marketing and are investing more in printed materials such as brochures, flyers, and posters. It is fueling demand for offset printing services, and the technological advancement in offset printers would drive the studied market in the region.
Printing Blanket Industry Overview
The printing blanket market is fragmented due to the presence of many players. In addition, market penetration is growing with a strong presence of major players in established markets. Furthermore, significant players are developing their products and expanding their footprint globally, further creating competitiveness in the market studied. Some major players operating in the market include Continental AG, Habasit AG, Kinyosha Co. Ltd., and Flint Group, among others.
- In May 2023, Flint Group launched its PRISM sustainability framework, which outlines its plans to reduce its environmental impact. The company's sustainability framework includes a range of targets, such as circular economy product development, reducing operational impacts, and building a diverse workforce.
Printing Blanket Market Leaders
Continental AG (ContiTech)
Habasit AG
Kinyosha Co. Ltd (Rengo Co. Ltd)
Flint Group
Prisco Group
*Disclaimer: Major Players sorted in no particular order
Printing Blanket Market News
- May 2023: Continental expanded its business with printing industry solutions. Continental entirely bought Trelleborg's printing technology business, which is situated in Lodi Vecchio, Italy. This strategic move broadens the company's offering of surface solutions in printing technology while expanding its relationship with the industry.
- March 2023: Fujikura Composites expanded its curved surface printing blanket business overseas. The company stated that its printing materials (blankets) business posted year-on-year sales and profit growth in the first half (April-December) of the fiscal year ending March 31, 2023. The Japanese domestic market was slow, but strong exports drove the growth, and another positive factor was the penetration of price increases implemented in the previous fiscal year.
Printing Blanket Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Value Chain Analysis
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Buyers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitutes
4.3.5 Intensity of Competitive Rivalry
4.4 Assessment of the Impact of COVID-19 on the Packaging Industry
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Increased Demand from Flexible Packaging-based applications
5.1.2 Demand for High-quality Packaging Graphics
5.1.3 Increased Per Capita Consumption of Packaging
5.2 Market Challenges
5.2.1 High Impact of COVID-19 on the Commercial and Newspaper Segments
5.2.2 Increased Penetration of Digital Media in Advertising
6. MARKET SEGMENTATION
6.1 By Blanket Types
6.1.1 UV Printing Blankets
6.1.2 Conventional Printing blankets
6.1.3 Combination Printing Blankets
6.2 By Substrate Type
6.2.1 Paper and Board Printing
6.2.2 Metal Printing
6.2.3 Textile Printing (Fabric)
6.2.4 Other Printing
6.3 By Application Type
6.3.1 Packaging
6.3.2 Commercial
6.3.3 Newspaper
6.3.4 Others
6.4 By Geography
6.4.1 North America
6.4.2 Europe
6.4.3 Asia-Pacific
6.4.4 Rest of the World
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Continental AG (ContiTech)
7.1.2 Habasit AG
7.1.3 Kinyosha Co. Ltd (Rengo Co. Ltd)
7.1.4 Flint Group
7.1.5 Prisco Group
7.1.6 Birkan GmbH
7.1.7 Felix Böttcher GmbH & Co. KG
7.1.8 Fujikura Composites Inc.
7.1.9 Meiji Rubber and Chemical Co. Ltd
7.1.10 Shanghai Chen JiePrinting Material Co. Ltd
- *List Not Exhaustive
8. INVESTMENT OUTLOOK AND FUTURE OF THE MARKET
Printing Blanket Industry Segmentation
A printing blanket is a synthetic composite textile used in the offset printing industry to transfer ink from the roller onto paper, textile, or metal. It is placed over the plate cylinder and serves as the medium by which the right reading image on the plate is transferred to become the wrong reading image on the rubber blanket, which is then transferred onto the paper, textile, or metal. The rubber blanket is responsible for "offsetting," or transferring the image from the plate to the paper, textile, or metal, which is why this printing technique is called "offset printing."
The printing blanket market is segmented by blanket type (UV printing blankets, conventional printing blankets, and combination printing blankets), substrate type (paper and board printing, metal printing, textile printing (fabric), and other printing), application type (packaging, commercial, newspaper, and others), and geography (North America, Europe, Asia-Pacific, and rest of the World). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
| By Blanket Types | |
| UV Printing Blankets | |
| Conventional Printing blankets | |
| Combination Printing Blankets |
| By Substrate Type | |
| Paper and Board Printing | |
| Metal Printing | |
| Textile Printing (Fabric) | |
| Other Printing |
| By Application Type | |
| Packaging | |
| Commercial | |
| Newspaper | |
| Others |
| By Geography | |
| North America | |
| Europe | |
| Asia-Pacific | |
| Rest of the World |
Printing Blanket Market Research FAQs
How big is the Global Printing Blanket Market?
The Global Printing Blanket Market size is expected to reach USD 0.96 billion in 2024 and grow at a CAGR of 4.34% to reach USD 1.18 billion by 2029.
What is the current Global Printing Blanket Market size?
In 2024, the Global Printing Blanket Market size is expected to reach USD 0.96 billion.
Who are the key players in Global Printing Blanket Market?
Continental AG (ContiTech), Habasit AG, Kinyosha Co. Ltd (Rengo Co. Ltd), Flint Group and Prisco Group are the major companies operating in the Global Printing Blanket Market.
Which is the fastest growing region in Global Printing Blanket Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Global Printing Blanket Market?
In 2024, the Asia Pacific accounts for the largest market share in Global Printing Blanket Market.
What years does this Global Printing Blanket Market cover, and what was the market size in 2023?
In 2023, the Global Printing Blanket Market size was estimated at USD 0.92 billion. The report covers the Global Printing Blanket Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Printing Blanket Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Global Printing Blanket Industry Report
Statistics for the 2024 Printing Blanket market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Printing Blanket analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
