Categories: Market Research

Global Flexographic Printing Market Analysis 2023 – Market Size And Key Drivers

The Flexographic Printing Global Market Report 2023 by The Business Research Company, provides flexographic printing market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s Flexographic Printing Global Market Report 2023, the market size is expected to grow from $5.35 billion in 2022 to $5.70 billion in 2023 at a compound annual growth rate (CAGR) of 6.6%. TThe Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of flexographic printing is expected to grow to $7.10 billion in 2027 at a CAGR of 5.6%.

The increasing demand for packaged food products is expected to propel the growth of the flexographic printing market going forward. The packaged food products are foodstuff pre-packaged in the packaging to offer shelf life and sterility to food unless the packaging is damaged or opened. The growing demand for packaged food goods necessitates the use of flexographic printing to provide packaging that is convenient, attractive, cost-effective, and lightweight. On the label packaging, flexographic printing aids in the effective marketing of food goods and information about them.

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The flexographic printing market is segmented:

1) By Printing Equipment: Narrow Web, Medium Web, Sheet Fed

2) By Technology: Automatic, Semi-Automatic

3) By Application: Corrugated Boxes, Folding Carton, Flexible Packaging, Labels, Print Media

4) By End User Industry: Industrial, Print Media, Food And Beverage, Consumer Electronics, Pharmaceutical, Others

Technological advancement is a key trend gaining popularity in the flexographic printing market. Major companies operating in the flexographic printing sector are focused on developing new technological solutions to meet consumer demand and strengthen their position. For instance, MPS, a US-based company that manufactures flexo, offset, and hybrid printing presses for label converting and flexible packaging sector, launched E-Sleeve technology to improve print efficiency and quality. The technology includes pressure settings, precise concentric runout properties, increased dimensional accuracy for optimum register, and constant parallelism for the ideal register across the entire print length. The technology enables better speeds to generate results with assured quality tolerances and reliable production cost calculations.

The flexographic printing market report table of contents includes: