Magnesium Photoengraving Plate Market

Magnesium Photoengraving Plate Market Outlook (2024 to 2034)

The global magnesium photoengraving plate market is calculated to rise from a value of US$ 204.1 million in 2024 to US$ 386.8 million by 2034. Worldwide demand for magnesium photoengraving plates is foreseen to rise at a CAGR of 6.6% from 2024 to 2034.

• Short Term (2024 to 2027): Magnesium plates are a cost-effective solution as compared to zinc and copper plates, which is expected to increase their demand growth.
• Medium Term (2027 to 2030): Europe and Asia Pacific are set to offer high-growth opportunities for magnesium photoengraving plate producers.
• Long Term (2030 to 2034): Increasing use of foil stamping, embossing, and debossing for design purposes will drive demand for magnesium photoengraving plates.

Use of metal magnesium photoengraving plates is exhibiting increasing applications in foil stamping, embossing debossing, letterpress printing, and thermal dies. The importance of effective packaging in various industries is contributing to the increasing adoption of magnesium photoengraving plates. Emergence of advanced technologies such as 3D printing are some of the notable magnesium photoengraving plate market trends, which are set to boost the profits of industry leaders.

• The North American magnesium photoengraving plate market size is forecasted to reach US$ 70.1 billion by 2034.
• East Asia is estimated to hold 25.9% of the global magnesium photoengraving plate market share in 2024.

Report Attribute	Detail
Magnesium Photoengraving Plate Market Size (2024E)	US$ 204.1 Million
Forecasted Market Value (2034F)	US$ 386.8 Million
Global Market Growth Rate (2024 to 2034)	6.6% CAGR
South Korea Market Value (2034F)	US$ 15.4 Million
1 to 3 mm Magnesium Photoengraving Plate Demand Growth (2024 to 2034)	7.7% CAGR
Key Companies Profiled	CO.FO.Me.GRA. Srl; SGZ Metals; Luxfer MEL Technologies; EASON New Materials; MCS Inc.; Anderson & Vreeland, Inc.; MAGNUS; Oriental Electrochemicals Co., Ltd.; Azonprinter.

Why are Sales of Magnesium Photoengraving Plates Gaining Traction?

“Magnesium Photoengraving Plates Widely Used in Packaging & Labelling”

Magnesium photoengraving plates can be used in several applications such as foil stamping, embossing, debossing, letterpress printing, and thermal dies, to name a few. These are widely used for packaging and labelling purposes in several industries such as paper, leather, and textiles.

Magnesium plates for photoengraving are exhibiting high adoption in embossing applications that help create a single, multi-layered, three-dimensional raised image. The embossing technique is applied at high temperature and high pressure using photoengraving magnesium, CNC brass, and zinc plates. The use of the embossing technique is popular in the packaging of a variety of products.

Foil stamping is used widely in packaging applications for creating striking visuals for stationary, greeting cards, business cards, and wedding cards. Photoengraving magnesium dies are an efficient and cost-effective solution for running short- and medium printing jobs.

Magnesium thermal dies are used to produce vinyl decals. Chemically etched magnesium eliminates the time-consumed in bending of steel rule dies. As such, demand for magnesium photoengraving plates is set to increase at a high pace over the coming 10 years.

“High Printing Durability and Better Stamping Effect of Magnesium Plates”

Magnesium and zinc plates are used in similar applications and are available in thickness ranging from 1 mm to 7 mm. Zinc photoengraving plates provide excellent oxidation resistance; however, magnesium plates come with more advantages than zinc plates. Magnesium plates give a higher etching speed and do not deform in the stamping process, have high printing durability, and provide a better stamping effect as compared to zinc plates.

Magnesium plates are also stronger than zinc plates. Magnesium plates are lightweight and allow smooth heat transfer as compared to zinc plates. With magnesium plates it becomes easier to control accuracy as opposed to copper and zinc plates.

The process of hot stamping is the same for magnesium, zinc, and copper; the main difference is in the etching time required. The required etching depth time for magnesium plates is 5 minutes, whereas, for zinc plates it is 25 minutes and for copper plates it is 30 minutes.

What Issues Do Manufacturers Have to Confront?

“High Cost and Fluctuating Raw Material Prices”

Manufacturers should watch out for the high cost of magnesium plates for photoengraving. Magnesium photoengraving plates are expensive when compared with laser technology for photoengraving. Also, fluctuating prices of raw materials for the manufacturing of magnesium plates for photoengraving is another obstacle for manufacturers.

How Can Start-ups Stand Out in This Competitive Space?

“Focus on Innovation and Competitive Pricing Strategies”

New companies should mainly focus on quality, design, and competitive pricing to hold strong position in the market. Innovative designs and cost-effectiveness are set to offer high-profit opportunities for magnesium photoengraving plate producers. Growing demand from end users for high-quality photoengraving plates is also set to offer lucrative earning opportunities for new companies.

Country-wise Analysis

How is the United States Magnesium Photoengraving Plate Market Shaping Up?

“Magnesium Photoengraving Plates Used for Protecting Packaged Foods”

Attribute	United States
Market Value (2024E)	US$ 27.7 Million
Growth Rate (2024 to 2034)	6.8% CAGR
Projected Value (2034F)	US$ 53.3 Million

The United States magnesium photoengraving plate market growth is projected to expand at a high pace during the forecast period. The United States market is anticipated to hold 76% of the North American market share by 2034.

Magnesium photoengraving plates are used in the food & beverage sector for packaging and printing logos. Increasing demand for packaged food is a key reason behind the rising usage of the magnesium photoengraving plates in the United States, as many individuals in the country consume packaged food. The United States has one of the largest pharmaceutical industries. The magnesium photoengraving technique is also being used in pharmaceutical industries for packaging and printing purposes.

Which is the Leading Magnesium Photoengraving Plate Market in East Asia?

“China’s Paper and Pulp Industry Widely Using Magnesium Photoengraving Plates for Embossing and Debossing Purposes”

Attribute	China
Market Value (2024E)	US$ 30.7 Million
Growth Rate (2024 to 2034)	6.8% CAGR
Projected Value (2034F)	US$ 59.2 Million

• China is set to capture 56.4% share of the East Asia market by 2034.

Growing economy of China, along with a surge in number of small-scale businesses, is creating lucrative opportunities for the manufacturers of magnesium photoengraving plates. Increasing demand for effective and innovative packaging from several end-use industries is emerging as another key driver for the magnesium photoengraving plate sales growth.

Foil stamping, embossing, and debossing are some of the major applications of magnesium photoengraving plates that are gaining popularity for various types of attractive design purposes in China particularity in industries such as paper and pulp, and food.

Category-wise Analysis

Why is Application of Magnesium Photoengraving Plates High in Foil Stamping Purposes?

“Growing Demand for Magnesium Foil Stamping Plates for Attractive Design Applications”

Attribute	Foil Stamping
Segment Value (2024E)	US$ 44.1 Million
Growth Rate (2024 to 2034)	6.6% CAGR
Projected Value (2034F)	US$ 83.2 Million

Use of magnesium plates for photo engraving is witnessing high demand. Magnesium foil stamping and embossing dies are expected to exhibit high demand for packaging and labelling applications. Growing demand for greeting cards is driving the demand for attractive foil stamping and embossing dies for design purposes. Foil can also be used on book covers, folders, trading cards, and business cards. Foil stamping is emerging as a cutting-edge technique that conveys quality of product.

Magnesium, zinc, and copper are used in applications such as plaques & awards, signage nameplates, letterpress, jewellery, switch dies, and rubber dies. New applications of foil stamping, embossing, and debossing continue to develop as metal plays a crucial role in graphic arts.

Why Type of Magnesium Photoengraving Plates are Most Widely Used?

“3 to 5 mm Magnesium Photoengraving Plates handsomely Leading Sales Growth”

Attribute	3 to 5 mm Magnesium Photoengraving Plates
Segment Value (2024E)	US$ 71.9 Million
Growth Rate (2024 to 2034)	6.5% CAGR
Projected Value (2034F)	US$ 135 Million

• By thickness, 3 to 5 mm magnesium plates are currently capturing 35.2% of the market share.

Manufacturers of magnesium plates for photo engraving are looking to produce various types of magnesium plates of different thicknesses that can be applied in several applications. Manufacturers are producing magnesium plates ranging from 1 mm to 7 mm. Based on product’s requirement and usage 3 to 5 mm magnesium plates are set to exhibit high demand during the coming 10 years.

Competitive Landscape

Key players in the magnesium photoengraving plate market are providing various types of plates depending upon their application need. Leading manufacturers are focusing on expertise and professionalism in planning, designing, and providing solutions for different end-use industries.

• Market players are looking to manufacture magnesium plates of various sizes ranging from 1 mm to 7 mm that can be used for different applications.
• Companies manufacturing plates for photoengraving are looking to replace copper and zinc plates with magnesium plates.
• High density, lightweight, no deformation, fast heat transfer, high specific strength, and eco-friendliness are some of the aspects considered by producers of magnesium photoengraving plates during manufacturing.

Fact.MR provides detailed information about the price points of key manufacturers of magnesium photoengraving plates positioned across the world, sales growth, production capacity, and speculative technological expansion, in the recently updated market report.

Key Segments of Magnesium Photoengraving Plate Market Research

• By Thickness :

  • 1 to 3 mm
  • 3 to 5 mm
  • 5 to 7 mm

• By Application :

  • Foil Stamping
  • Embossing Debossing
  • Letterpress Printing
  • Thermal Dies
  • Flexography
  • Rubber Stamps
  • Plaques & Awards
  • Cash Printing
  • Others

• By Region :

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa