Summary
Major players in the flexographic printing market are Star Flex International, Rotatek, MPS Systems B.V., Aim Machintechnik Pvt. Ltd., R. K. Label Printing Machinery Private Limited, Polygraph Limited, Shanghai Printyoung International Industry Co. Ltd., Wolverine Flexographic LLC, Edale, Shanghai Liu Xiang General Equipments Co. Ltd., KOMORI Corporation, Nilpeter A/S, Westrock Company, Windmoeller & Hoelscher Corporation, and Orient Sogyo Co. Ltd.
The global flexographic printing market 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 flexographic printing market is expected to grow to $7.10 billion in 2027 at a CAGR of 5.6%.
The flexographic printing market consists of sales of flexographic printing presses including, CI flexographic presses, stack flexographic presses and in-line flexo presses among others.Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers.
The value of goods in this market includes related services sold by the creators of the goods.
Flexographic printing is a modern printing technique that creates raised pictures on a variety of materials by using a flexible printing plate connected to a plate cylinder.The ink is transferred to the substrate by rotating the flexible inked plate at a high speed.
The flexographic printing are used to print high volumes of labels and packaging.
Asia-Pacific was the largest region in the flexographic printing market in 2022. The regions covered in the flexographic printing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The main types of printing equipment in flexographic printing are narrow web, medium web, and sheetfed.Narrow web printing is a rotary method with numerous in-line converting stages that is defined as any web with a width of 16" or less.
The technologies involved include automatic, semi-automatic and is used in various applications such as corrugated boxes, folding carton, flexible packaging, labels, print media. It is implemented in several sectors including industrial, print media, food and beverage, consumer electronics, pharmaceutical, others.
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.
For instance, in 2021, the Food Industry Association (FMI) estimated that the packaged food and beverages online sales could reach $109 billion. Therefore, the increasing demand for packaged food products is driving the growth of the flexographic printing market.
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.
In November 2020, ABX, a US-based flexible packaging film manufacturer acquired the flexible packaging converting business of Berry Global for an undisclosed amount.With this acquisition, ABX aimed to enhance its geographic presence and capabilities with an expanded product portfolio to create a leading flexible packaging platform.
Berry Global is a US-based company that offers flexographic printing technologies.
The countries covered in the flexographic printing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The flexographic printing research report is one of a series of new reports that provides flexographic printing statistics, including flexographic printing industry global market size, regional shares, competitors with flexographic printing share, detailed flexographic printing segments, market trends and opportunities, and any further data you may need to thrive in the flexographic printing industry. This flexographic printing research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
