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Flexographic Printing Market Analysis, Applications, Sale, Growth, Trends By 2033
Flexographic Printing Market
The Business Research Company offers in-depth market insights through Flexographic Printing Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
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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Market Segmentation:
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
Major Driver - Flexographic Printing Market Thrives On Surging Demand For Packaged Food Products
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.
Competitive Landscape:
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
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Top Trend - Technological Advancements Propel Innovation In 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 the 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 Table Of Content For The Market Report Include:
1. Executive Summary
2. Flexographic Printing Market Characteristics
3. Flexographic Printing Market Trends And Strategies
4. Flexographic Printing Market - Macro Economic Scenario
5. Flexographic Printing Market Size And Growth
…..
27. Flexographic Printing Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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