Commercial Printing Blanket Is Set To Reach 478.5 million By 2033, Growing At A CAGR Of 2.0

Key Insights

The global commercial printing blanket market stood at USD 478.5 million in 2023 and is projected to expand at a CAGR of 2.0% from 2023 to 2033, reaching USD 562.6 million by 2033. The growth of the market is primarily attributed to the increasing demand for high-quality printing in various industries, such as packaging, commercial printing, and newspaper.

Key drivers of the market include the growing adoption of digital printing technology, rising e-commerce, and the increasing demand for sustainable printing solutions. However, the market is restrained by factors such as the high cost of printing blankets and intense competition from low-cost alternatives. The conventional blanket segment is expected to dominate the market over the forecast period due to its wide adoption in offset printing applications. The packaging segment is projected to hold a significant share of the market due to the growing demand for high-quality printed packaging materials. The Asia Pacific region is anticipated to witness the highest growth rate during the forecast period owing to the increasing demand for printing blankets in developing countries such as China, India, and Japan.

Commercial Printing Blanket Trends

The global commercial printing blanket market size was valued at USD 745.4 million in 2020 and is projected to expand at a CAGR of 3.4% from 2021 to 2028. The growing demand for high-quality printing in various end-use industries, such as packaging, commercial printing, and newspaper, is a major factor driving the market growth. Additionally, the increasing adoption of digital printing technologies, which require specialized blankets, is further contributing to the market expansion.

The market is segmented into conventional blankets, UV blankets, air cushion printing blankets, and others based on type. Conventional blankets are the most widely used type, and they are expected to maintain their dominance over the forecast period. However, UV blankets are gaining popularity due to their superior ink transfer capabilities and longer lifespan.

Geographically, the Asia Pacific region is the largest market for commercial printing blankets, accounting for over 40% of the global demand. The growing packaging industry in the region, particularly in China and India, is a major factor driving the market growth. North America and Europe are also significant markets for commercial printing blankets, and they are expected to witness steady growth over the forecast period.

Driving Forces: What's Propelling the Commercial Printing Blanket

• Growing demand for high-quality printing: The increasing demand for high-quality printing in various end-use industries, such as packaging, commercial printing, and newspaper, is a major factor driving the growth of the commercial printing blanket market. High-quality printing requires precise ink transfer and accurate color reproduction, which can be achieved using specialized printing blankets.
• Adoption of digital printing technologies: The increasing adoption of digital printing technologies, such as offset and inkjet printing, is also contributing to the growth of the commercial printing blanket market. Digital printing technologies require specialized blankets that can withstand the high temperatures and pressures involved in the printing process.
• Rising environmental concerns: The growing environmental concerns are also driving the demand for eco-friendly printing blankets. Conventional printing blankets are often made from petroleum-based materials, which can contribute to environmental pollution. Eco-friendly printing blankets are made from renewable or recycled materials, which reduce their environmental impact.

Challenges and Restraints in Commercial Printing Blanket

• Fluctuating raw material prices: The commercial printing blanket market is heavily dependent on raw materials, such as rubber and polyurethane. The fluctuating prices of these raw materials can impact the cost of production and the profitability of the market.
• Technological advancements: The rapid technological advancements in the printing industry can also pose challenges to the commercial printing blanket market. New printing technologies, such as 3D printing, may require specialized blankets that are not currently available in the market.
• Competition from low-cost manufacturers: The commercial printing blanket market is also facing competition from low-cost manufacturers in developing countries. These manufacturers can produce blankets at a lower cost, which can put pressure on the prices of blankets produced by established manufacturers.

Key Region or Country & Segment to Dominate the Market

Key Regions:

• Asia Pacific: The Asia Pacific region is the largest market for commercial printing blankets, accounting for over 40% of the global demand. The growing packaging industry in the region, particularly in China and India, is a major factor driving the market growth.
• North America: North America is the second largest market for commercial printing blankets, accounting for over 25% of the global demand. The presence of a large number of printing companies and the high demand for high-quality printing in the region are major factors driving the market growth.
• Europe: Europe is the third largest market for commercial printing blankets, accounting for over 20% of the global demand. The region has a well-established printing industry and a strong demand for high-quality printing, which are driving the market growth.

Key Segments:

• Type: Conventional blankets are the most widely used type of commercial printing blanket, and they are expected to maintain their dominance over the forecast period. However, UV blankets are gaining popularity due to their superior ink transfer capabilities and longer lifespan.
• Application: Packaging is the largest application segment for commercial printing blankets, accounting for over 50% of the global demand. The growing demand for high-quality packaging in various end-use industries is a major factor driving the market growth.

Growth Catalysts in Commercial Printing Blanket Industry

• Rising demand for digital printing: The increasing adoption of digital printing technologies is a major growth catalyst for the commercial printing blanket market. Digital printing requires specialized blankets that can withstand the high temperatures and pressures involved in the printing process.
• Growing environmental concerns: The growing environmental concerns are also a major growth catalyst for the commercial printing blanket market. Eco-friendly printing blankets are made from renewable or recycled materials, which reduce their environmental impact.
• Government regulations: Government regulations on environmental protection are also driving the growth of the commercial printing blanket market. These regulations require printing companies to use eco-friendly printing blankets, which is boosting the demand for these blankets.

Leading Players in the Commercial Printing Blanket

• Trelleborg
• ContiTech
• Flint Group
• Fujikura Composite
• Kinyosha
• Meiji Rubber & Chemical
• Habasit
• BIRKAN
• Maniar Rubber Industries
• Prisco Group
• Chiorino SpA

Significant Developments in Commercial Printing Blanket Sector

• In 2021, Trelleborg introduced a new range of offset printing blankets designed to meet the demands of the growing high-quality printing market. The new blankets are made from a specially formulated rubber compound that provides excellent ink transfer and durability.
• In 2020, ContiTech launched a new line of UV printing blankets specifically designed for digital printing applications. The new blankets are made from a high-performance polyurethane compound that provides superior ink transfer and resistance to wear and tear.
• In 2019, Flint Group acquired the printing blanket business of Fujikura Composite. The acquisition strengthened Flint Group's position as a leading supplier of printing blankets to the global printing industry.

Comprehensive Coverage Commercial Printing Blanket Report

The comprehensive coverage commercial printing blanket report provides detailed insights on the market dynamics, industry trends, growth drivers, restraints, and competitive landscape. The report also provides a comprehensive analysis of the key market segments and their growth prospects. The report is a valuable resource for market participants, investors, and industry professionals seeking to gain a deeper understanding of the commercial printing blanket market.

Commercial Printing Blanket Segmentation

• 1. Type
  • 1.1. Overview: Global Commercial Printing Blanket Consumption Value
  • 1.2. Conventional Blanket
  • 1.3. UV Blanket
  • 1.4. Air Cushion Printing Blanket
  • 1.5. Others
• 2. Application
  • 2.1. Overview: Global Commercial Printing Blanket Consumption Value
  • 2.2. Packaging
  • 2.3. Commercial Printing
  • 2.4. Newspaper
  • 2.5. Others

Commercial Printing Blanket Segmentation By Geography

• 1. North America
  • 1.1. United States
  • 1.2. Canada
  • 1.3. Mexico
• 2. South America
  • 2.1. Brazil
  • 2.2. Argentina
  • 2.3. Rest of South America
• 3. Europe
  • 3.1. United Kingdom
  • 3.2. Germany
  • 3.3. France
  • 3.4. Italy
  • 3.5. Spain
  • 3.6. Russia
  • 3.7. Benelux
  • 3.8. Nordics
  • 3.9. Rest of Europe
• 4. Middle East & Africa
  • 4.1. Turkey
  • 4.2. Israel
  • 4.3. GCC
  • 4.4. North Africa
  • 4.5. South Africa
  • 4.6. Rest of Middle East & Africa
• 5. Asia Pacific
  • 5.1. China
  • 5.2. India
  • 5.3. Japan
  • 5.4. South Korea
  • 5.5. ASEAN
  • 5.6. Oceania
  • 5.7. Rest of Asia Pacific