Press release
Global Flexographic Printing Market Overview Covering Forecast Market Size And Growth Rate 2033 | Westrock Company, Amcor Limited, Barry-Wehmiller Group Inc., Rotatek Printing Machinery Co. Ltd., BOBST Group SA
Flexographic Printing Market
The Business Research Company presents an extensive market research report on the Flexographic Printing Global Market Report 2024 , furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The flexographic printing market size has grown strongly in recent years. It will grow from $5.87 billion in 2023 to $6.34 billion in 2024 at a compound annual growth rate (CAGR) of 8.0%. The growth in the historic period can be attributed to growing cost-effectiveness, high-speed printing, versatility in substrates, quality and consistency, rise in packaging industry.
The flexographic printing market size is expected to see strong growth in the next few years. It will grow to $8.38 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to increased demand for sustainable packaging, rapid growth in e-commerce, globalization of brands, evolving advertising and labeling needs, increasing focus on short-run printing. Major trends in the forecast period include innovation in anilox roll and ink delivery systems, rise in demand for printed labels and flexible packaging films, customization and short-run printing in packaging, implementation of process automation and workflow efficiency, expansion of flexographic printing in corrugated packaging.
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Key Market Players:
Major companies operating in the flexographic printing market report are Westrock Company, Amcor Limited, Barry-Wehmiller Group Inc., Rotatek Printing Machinery Co. Ltd., BOBST Group SA, Koenig & Bauer AG, Windmöller & Hölscher Corp., Komori Corporation, Flint Group Holding S.A., SOMA Engineering S.p.A., Mark Andy Inc., MPS Systems B.V., Gallus Holding AG, Star Flex International Limited, Nilpeter A/S, Edale Holdings Limited, Comexi Group S.A., Nuova Gidue S.p.A., Tresu Group A/S, R.K. Label Printing Machinery Private Limited, Aim Machintechnik Pvt. Ltd., Wolverine Flexographic LLC, OMET S.p.A., Allstein GmbH, Shanghai Printyoung International Industry Co. Ltd., Polygraph Limited, Shanghai Liu Xiang General Equipments Co. Ltd., Orient Sogyo Co. Ltd., Uteco S.p.A., Codimag S.p.A., Anderson & Vreeland Inc., Heidelberger Druckmaschinen AG
Market Drivers:
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 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.
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https://www.thebusinessresearchcompany.com/report/flexographic-printing-global-market-report
The flexographic printing market covered in this report 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
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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