Global Flex Banner Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Flex Banner Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Flex Banner market finds that the global Flex Banner market reached a value of USD 6163.0 million in 2022. It’s expected that the market will achieve USD 8563.0 million by 2028, exhibiting a CAGR of 5.63% during the forecast period.

Market Drivers

With the entertainment industry now focusing on expanding and investing heavily in advertising and marketing, the industry is expected to witness a high demand over the forecast period in India. The Indian advertising industry is projected to be the second fastest growing advertising market in Asia, after China. Booming Indian economy, growing literacy rate, and continuous demand for packaging and printing requirements in the country will influence the growth of India flex banner market over the forecast period.
Cost-effectiveness is one of the primary factors that has been aiding the adoption of flex banners across many industries. Shopping malls, retail stores, and others mostly prefer flex banners over other advertising tools. Even government agencies are now deploying permanent flex banners as they provide cost-effectiveness over other applications comparatively. Easy availability and quick deployment functionality are a few important factors favoring the market growth.

Market Restrains

The main raw materials for the upstream industry are PVC resin, DPHP, epoxy soybean oil, stabilizers and other auxiliary materials. PVC membrane products are greatly affected by fluctuations in oil price prices. In recent years, due to the decline in oil prices, the price of petroleum refining products such as PVC resin has declined significantly.
The advent of digital advertising and regulations regarding the use of plastics tend to restrain the growth of flex banners.

Key Companies in the global Flex Banner market covered in Chapter 3:

Ultraflexx
Pioneer Flex
LG
3M
Cooley Brand
Hongshida
Qrex Flex

In Chapter 4 and Chapter 14.2, on the basis of types, the Flex Banner market from 2018 to 2029 is primarily split into:

Backlit
Frontlit

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Flex Banner market from 2018 to 2029 covers:

Retail
Entertainment
Sports & Leisure

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)