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Global Flexographic Printing Machines Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024
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Europe Flexographic Printing Machines Market Occupied 32% Sales Market Share In 2017
Flexography (often abbreviated to flexo) is a form of printing process which utilizes a flexible relief plate. It is essentially a modern version of letterpress which can be used for printing on almost any type of substrate, including plastic, metallic films, cellophane, and paper. It is widely used for printing on the non-porous substrates required for various types of food packaging (it is also well suited for printing large areas of solid colour).
In the coming years there is an increasing demand for flexographic printing machine in the regions of North America and Europe that is expected to drive the market for more advanced flexographic printing machine. Increasing of flexible packaging fields expenditures, more-intense competition, launches in introducing new products, retrofitting and renovation of old technology, increasing adoption of flexographic printing machine will drive growth in North America and Europe markets.
Globally, the flexographic printing machine industry market is low concentrated as the manufacturing technology of flexographic printing machine is relatively matures than some high-tech equipment. And some enterprises, like BOBST, PCMC, WINDMOELLER＆HOELSCHER, Mark Andy, etc. are well-known for the wonderful performance of their flexographic printing machine and related services. At the same time, Europe, occupied 32% sales market share in 2017, is remarkable in the global flexographic printing machine industry because of their market share and technology status of flexographic printing machine.
The consumption volume of flexographic printing machine is related to downstream industries and global economy. As there will always be some uncertain in the global economy in the following years, the growth rate of flexographic printing machine industry may not keep that fast. But it is surely forecasted that the market of flexographic printing machine is still promising.
The product average price declined in the past few years due to the technology development, the average price will keep the trend in the few future years due to increasing mature manufacturing technology and lowing cost of raw materials.
The impact on the cost and availability of raw materials and certain components is uncertain due to potential supply changes. The costs of raw materials have a significant impact on the level of expenses. If the prices of raw materials and related factors such as energy prices increase, and if new companies cannot pass those price increases on to customers, their results of operations and financial condition would suffer.
With emerging economies growing faster, a strategy has been adopted by most leading vendors in the flexographic printing machine market to approach these areas. GIR analysis of the flexographic printing machine market indicated that Europe would account for the highest sales in 2023 with close to 30 percent of global sales coming from this region, but Asia has the highest growth rate. Vendors recognize the importance of this region, particularly in China and India, and are working towards penetrating this market by strengthening their sales and distribution networks.
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