Overview and Scope
A flexographic printing machine, also known as a flexo press or flexo printer, is a high-speed printing press used in the printing industry for medium to long print runs, especially in label and packaging production. It utilizes flexible photopolymer printing plates to transfer images onto various surfaces efficiently. This printing technology finds widespread application across different sectors, including packaging (for labels, corrugated boxes, and flexible packaging), newspapers, magazines, and various product labeling needs due to its versatility, speed, and capability to print on diverse substrates.
Sizing and Forecast
The flexographic printing machine market size has grown strongly in recent years. It will grow from $0.69 billion in 2023 to $0.72 billion in 2024 at a compound annual growth rate (CAGR) of 5.2%. 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 machine market size is expected to see strong growth in the next few years. It will grow to $0.90 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to digitalization and industry 4.0 integration, customization and personalization demands, sustainability initiatives, and 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, and integration of IoT and connectivity.
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Segmentation & Regional Insights
The flexographic printing machine market covered in this report is segmented –
1) By Type: Stack Press , In-line Press , Unit Common Impression Cylinder Press, Other Types
2) By Technology: Semi-Automatic , Automatic
3) By Printable Substance: Polyethylene, Papers, Other Printable substances
4) By Application: Labels, Packaging, Print Media, Other Applications
Asia Pacifica was the largest region in the flexographic printing machine market in 2023 The regions covered in the flexographic printing machine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The growing packaging industry is expected to propel the growth of the flexographic machines market going forward. Packaging refers to designing, producing, and distributing materials and containers for enclosing, protecting, and delivering products to consumers. The packaging industry is growing due to the rapid rise of e-commerce, changing consumer preferences, and health and safety concerns. Flexographic machines print on various packaging materials, such as paper, cardboard, plastic films, and flexible packaging materials. For instance, in August 2022, according to the Flexible Packaging Association (FPA), a US-based industry association representing manufacturers and suppliers in the flexible packaging industry, the packaging industry in the U.S. increased from $34.8 billion in 2020 to $39 billion in 2021. Therefore, the increasing packaging industry is driving the growth of the flexographic machines market.
Key Industry Players
Major companies operating in the flexographic printing machine market are Bobst Group SA, Star Flex International, Shanghai Printyoung International Industry Co., Ltd., Wenzhou Daba Machinery Co., Ltd., BFM S.r.l. , Paper Converting Machine Company (PCMC), Koenig & Bauer Flexotecnica S.p.A., UTECO Converting S.p.A., Comexi Group Industries S.A.U., Mark Andy Inc., MGI Digital Graphic Technology S.A., Nilpeter A/S, Rotatek S.A., Karlville Development LLC, Edale Limited, OMET S.r.l., Labelmen Machinery Co., Ltd., Polygraph Limited, Advanced Vision Technology Ltd. (AVT), ETI Converting Equipment Inc., MBO Postpress Solutions GmbH, SPS Technoscreen Ltd., TRESU Group, Orthotec LLC, Pamarco Global Graphics
The flexographic printing machine market report table of contents includes:
1. Executive Summary
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