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Flexographic Printing Technology Market Trends Analysis, Market Opportunities, Key Players, Share And Forecast To 2033
Flexographic Printing Technology Market Trends
According to The Business Research Company's, The flexographic printing technology market size has grown strongly in recent years. It will grow from $2.38 billion in 2023 to $2.55 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to advancements in printing technology, cost-effectiveness, increasing demand for packaging, environmental concerns, globalization and market expansion.
The flexographic printing technology market size is expected to see strong growth in the next few years. It will grow to $3.43 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to digitalization and industry 4.0 integration, customization and personalization demands, sustainability initiatives, emerging markets. Major trends in the forecast period include hybrid printing solutions, increased automation and robotics, focus on operational efficiency, expansion of applications, development of sustainable inks and substrates, integration of iot and connectivity.
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Market Drivers and Trends:
The increasing packaging industry is expected to drive the growth of the flexographic printing technology market going forward. The packaging industry encompasses a wide range of products and services designed to protect, contain, and present goods for distribution, storage, sale, and use. The packaging industry is increasing due to the surge in online shopping, which has driven up the need for packaging materials to ensure the safe delivery of products. Flexographic printing machines allow for printing on various substrates such as paper, cellophane, metallic films, and plastics, making them ideal for printing food packaging and product labels. For instance, in March 2024, according to the American Forest & Paper Association (AF&PA), a US-based association for the advancement of paper and wood product producers, February 2024 witnessed a 5% increase in exports of packaging sheets and specialized packaging over February 2023. Therefore, the increasing packaging industry is expected to propel the growth of the flexographic printing technology market.
Major companies operating in the flexographic printing technology market are focused on developing innovative products, such as Comexi F2 Origin, to serve customers with advanced features better. Comexi F2 Origin is a new flexographic press designed to deliver maximum productivity and exceptional ergonomics for operators, making printing jobs more efficient and user-friendly. For instance, in November 2023, Comexi, a Spain-based packaging machine manufacturer, launched Comexi F2 Origin. The Comexi F2 Origin achieves peak productivity, reaching speeds of up to 400 m per minute while prioritizing operator comfort and ease of use with outstanding ergonomics. Its capability to utilize solvent-free inks emphasizes its adaptability and eco-friendliness. The F2 Origin sets a new standard for excellence and efficiency in the industry with its cutting-edge features, which include Bellissima screening for excellent print quality and Genius Print for rapid task transitions.
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• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
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Major Key Players of the Market:
Fujifilm Holdings Corporation, DuPont de Nemours Inc., Heidelberger Druckmaschinen AG, Flint Group, Bobst Group SA, Koenig & Bauer Flexotecnica S.p.A., Eastman Kodak Company, Windmoeller & Hoelscher Corporation, Esko, BFM S.r.l., Mark Andy Inc., UTECO Converting S.p.A., Comexi Group, Nilpeter A/S, Rotatek S.A., Soma Engineering, Edale Limited, Polygraph Printing Technologies Ltd., Aim Machintechnik Pvt. Ltd, Ryobi Limited, Taiyo Kikai Ltd., Donghang Graphic Technology Inc., OMET S.r.l., Shanghai Printyoung International Industry Co., Wolverine Flexographic LLC, Allstein GmbH
Flexographic Printing Technology Market 2024 Key Insights:
• The flexographic printing technology market size is expected to see strong growth in the next few years. It will grow to $3.43 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%.
• Impact Of Increasing Packaging Industry On Flexographic Technology Market
• Innovative Technologies Drive Advancements In Flexographic Printing
• North America was the largest region in the flexographic printing technology market in 2023
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