Overview and Scope
Flexographic printing technology is a modern printing technique that uses flexible plates to transfer ink onto various substrates. It’s ideal for high-speed, large-volume printing on paper, plastics, and cardboard, commonly used in packaging and labeling. Flexographic printing technology is widely used across industries to produce labels, packaging materials, newspapers, and corrugated cardboard.
Sizing and Forecast
The flexographic printing technology market size has grown strongly in recent years. It will grow from $2.38 billion in 2023 to $2.55 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to advancements in printing technology, cost-effectiveness, increasing demand for packaging, environmental concerns, globalization and market expansion.
The flexographic printing technology market size is expected to see strong growth in the next few years. It will grow to $3.43 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to digitalization and industry 4.0 integration, customization and personalization demands, sustainability initiatives, emerging markets. Major trends in the forecast period include hybrid printing solutions, increased automation and robotics, focus on operational efficiency, expansion of applications, development of sustainable inks and substrates, integration of iot and connectivity.
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Segmentation & Regional Insights
The flexographic printing technology market covered in this report is segmented –
1) By Product Type: Inline Type Press, Stack Type Press, Central Impression Type Press
2) By Technology: Semi Automatic, Automatic
3) By Coloring Capacity: 2 Color, 4 Color, 6 Color And Above
4) By Application: Print Media, Office And Admin, Industrial Applications
North America was the largest region in the flexographic printing technology market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the flexographic printing technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increasing packaging industry is expected to drive the growth of the flexographic printing technology market going forward. The packaging industry encompasses a wide range of products and services designed to protect, contain, and present goods for distribution, storage, sale, and use. The packaging industry is increasing due to the surge in online shopping, which has driven up the need for packaging materials to ensure the safe delivery of products. Flexographic printing machines allow for printing on various substrates such as paper, cellophane, metallic films, and plastics, making them ideal for printing food packaging and product labels. For instance, in March 2024, according to the American Forest & Paper Association (AF&PA), a US-based association for the advancement of paper and wood product producers, February 2024 witnessed a 5% increase in exports of packaging sheets and specialized packaging over February 2023. Therefore, the increasing packaging industry is expected to propel the growth of the flexographic printing technology market.
Key Industry Players
Major companies operating in the flexographic printing technology market are Fujifilm Holdings Corporation, DuPont de Nemours Inc., Heidelberger Druckmaschinen AG, Flint Group, Bobst Group SA, Koenig & Bauer Flexotecnica S.p.A., Eastman Kodak Company, Windmoeller & Hoelscher Corporation, Esko, BFM S.r.l., Mark Andy Inc., UTECO Converting S.p.A., Comexi Group, Nilpeter A/S, Rotatek S.A., Soma Engineering, Edale Limited, Polygraph Printing Technologies Ltd., Aim Machintechnik Pvt. Ltd., Ryobi Limited, Taiyo Kikai Ltd., Donghang Graphic Technology Inc., OMET S.r.l., Shanghai Printyoung International Industry Co., Wolverine Flexographic LLC, Allstein GmbH
The flexographic printing technology market report table of contents includes:
1. Executive Summary
2. Flexographic Printing Technology Market Characteristics
3. Flexographic Printing Technology Market Trends And Strategies
4. Flexographic Printing Technology Market – Macro Economic Scenario
5. Global Flexographic Printing Technology Market Size and Growth
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31. Flexographic Printing Technology Market Other Major And Innovative Companies
32. Global Flexographic Printing Technology Market Competitive Benchmarking
33. Global Flexographic Printing Technology Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Flexographic Printing Technology Market
35. Flexographic Printing Technology Market Future Outlook and Potential Analysis
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