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Printing Blankets Market to Witness Astonishing Growth by 2027
Stratview Research delivers key insights on the global Printing Blankets Market. According to Stratview Research, the market is estimated to grow at a decent CAGR of 5.1% during the forecast period to reach a value of US$ 310 Million in 2027.
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The present report can be of high utility for the key decision-makers and growth strategists in terms of precise market insights, forthcoming growth opportunities, and key success factors. Especially, the report also analyses and mentions the possible impact of COVID-19 on the market dynamics. This will not only help in mitigating the uncertain business environment, but also help in rearranging the strategies and future- decisions in a fruitful manner.
Key Players
The following are some of the key players in the Printing Blankets Market:
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.
Growth drivers and Market Value:
This report, from Stratview Research, studies the Printing Blankets Market value and growth drivers over the trend period of 2019-24. According to the report -
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.
Segment Analysis:
Based on Blanket Type:
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 Region:
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.
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FREQUENTLY ASKED QUESTIONS
The report answers several questions related to the market. The user can get to know the answers to the following questions…
- What is the global demand for Printing Blankets Market in terms of revenue?
- Which are the prominent players in the market?
- At what CAGR is the market projected to grow within the forecast period?
- What are the driving factors fuelling the growth of the market?
- Which region accounted for the largest share in the market?
- How did the Covid19 impacted the market?
- How long will it take to recover from the Covid impact?
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