QY Research has recently published a new report, titled “Global Digital Offset Printing Plate Market Report, History and Forecast 2014-2025”, that highlights the current and future market trends. The report also helps the readers to understand the key products and applications that are expected to impact the overall market. The report also highlights an in-depth analysis of the competitive landscape of the global digital offset printing plate market by thoroughly analyzing their financial outlooks.
According to the report, the global digital offset printing plate market was valued at US$1991 mn in 2018 and is expected to decline with a register CAGR of -1.5% by 2025.
Global Digital Offset Printing Plate Market: Restraints
The global market for digital offset printing plate will be decreasing throughout the forecast period due to the high cost of digital printing. In addition, it takes a longer to finish the process and thus cannot be delivered instantly. For minor changes in machines, the new set of plates are needed, which is projected to hamper the growth of the market in the coming years. In addition, the offset printing is expensive and the digital offset requires higher volume than the traditional offset printing.
Moreover, in offset printing, etched metal plates are used to apply ink on the paper and this process takes time, which makes the offset process slower. All of these factors are expected to create a negative impact on the growth of the market during the forecast period.
Global Digital Offset Printing Plate Market: Forecast by Segments
The global market for digital offset printing plate is segmented into applications and product type. The product type segment includes UV-CTP plates, thermal CTP plate, and others. The application segment includes packaging, books, newspapers, magazines, and others.
Global Digital Offset Printing Plate Market: Regional Analysis
Asia Pacific is likely to grab a significant market share in the global digital offset printing plate market due to the growing production of offset printing in the coming years. Europe is also expected to remain a promising market for digital offset printing plate as it is the largest supplier.
Global Digital Offset Printing Plate Market: Leading Players
FOP Group, Fujifilm, Dongfang, AGFA, Top High, Kodak, Maxma Printing, Lucky Huaguang, Toray Waterless, Strong State, Ronsein, Huafeng, Presstek, Xingraphics, and Bocica are the major players that are operating in the global market for a digital offset printing plate.
Global Digital Offset Printing Plate Market: Competitive Landscape
Strategies such as joint ventures, innovative technologies, and product development are anticipated to help the companies to boost their share. The research report provides PESTEL analysis, Porters five force model, and SWOT analysis of these companies. The competitive landscape and its nature have been explained in complete detail for absolute clarity. Analysts also state that companies are focusing on mergers and acquisitions to enhance their businesses and gain revenue for the company. This report also aiding its readers to enhance their business management and marketing strategies so that they can allocate time and money in an exact direction.
Full Report Overview @ https://www.qyresearch.com/index/detail/1086850/global-digital-offset-printing-plate-market