According to a new industry research report published by Fact.MR, a market research and competitive intelligence provider, the global Flexographic Printing Technology Market is projected to reach a valuation of US$ 2.86 billion in 2024 and further expand at 6.5% CAGR over the next ten years. Due to rising consumer demand and increasingly stringent safety regulations, the packaging industry is growing globally, especially in sectors such as food and beverages, pharmaceuticals, e-commerce, personal care, and others.
Flexographic printing is widely utilised on a number of substrates, including paper, films, plastics, and others, due to its adaptability. It is perfect for mass manufacturing since it produces high-quality, flexible packaging quickly and affordably. Flexographic printing is rapidly becoming a crucial packaging technique due to its adaptability and ability to ensure that firms satisfy the unique packaging requirements of various industries.
Because of its well-established packaging industry, North America has a large market share for flexographic printing technology. Flexographic printing technology is in high demand in North America, owing to an increasing emphasis on sustainability and the use of eco-friendly materials and inks. The East Asian market is expanding at a significant compound annual growth rate as a result of continuous modernisation and rising consumer demand for packaged goods.
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Key Takeaways from Market Study:
- The worldwide market of flexographic printing technology is forecasted to touch US$ 5.38 billion by 2034.
- North America is analyzed to hold 24.6% of the global market share in 2024.
- The East Asia market is estimated to generate revenue worth US$ 655.9 million in 2024.
- Global sales of stack-type press are evaluated to rise at 6.6% CAGR between 2024 and 2034.
- Demand for automatic flexographic printing technology is forecasted to reach a worth of US$ 3.11 billion by 2034.
- The market in South Korea is projected to reach a size of US$ 339 million by 2034-end.
“Prominent manufacturers in the market for flexographic printing technologies are investing in R&D to create advanced products that are stronger, more reliable, and of higher quality to attract a larger consumer base,” says a Fact.MR analyst
Leading Players Driving Innovation in the Flexographic Printing Technology Market:
Amcor Plc; MPS Systems B.V.; Mark Andy Inc.; Comexi; Bobst; Wolverine Flexographic LLC; Nilpeter A/S; Asahi Kasei Corporation; Polygraph Limited; Heidelberger Druckmaschinen AG; Koenig & Bauer AG; Westrock Company.
High Preference for Automatic Flexographic Printing Technology:
Automatic flexographic printing technology exceeds semi-automatic systems in terms of productivity, efficiency, and accuracy, which is why it is becoming increasingly popular around the world. Automatic flexographic printers optimise the printing process by reducing the need for manual intervention, allowing for faster setup times, job adjustments, and lower labour costs. The large-scale industrial design of these systems benefits manufacturers by providing better output rates, fewer downtime, and consistent print quality.
Automation also helps in reducing human error, enhancing the accuracy and dependability of print runs. Because of these advantages, automatic flexographic printing technology is becoming a more attractive option for companies looking to expand their production capabilities to stay in business and satisfy the needs of end users.
Flexographic Printing Technology Industry News:
- In September 2024, Domino Printing Sciences (Domino) announced the release of a new 1200dpi digital print engine designed to be integrated into flexographic lines in response to the increasing demand for digital hybrid printing and finishing. Based on Domino's most recent Generation 7 platform, the N730i Integration Module enables label converters to provide high-resolution digital printing, including applications with variable data. It can print at up to 1200dpi and at fast rates.
More Valuable Insights on Offer:
Fact.MR, in its new offering, presents an unbiased analysis of the flexographic printing technology market, presenting historical demand data (2019 to 2023) and forecast statistics for 2024 to 2034.
The study divulges essential insights into the market based on product type (inline type press, stack type press, central impression type press), coloring capacity (2 colors, 4 colors, 6 colors & above), technology (automatic, semi-automatic), and application (print media, offices & admin, industrial applications), across seven major regions of the world (North America, Western Europe, Eastern Europe, East Asia, Latin America, South Asia & Pacific, and MEA).
