The global flexographic printing market size is expected to grow from $153.98 billion in 2021 to $160.4 billion in 2022 at a compound annual growth rate (CAGR) of 4.2%. The global flexographic printing market size is then expected to grow to $186.57 billion in 2026 at a CAGR of 3.9%.
What is the Global Flexographic Printing Market?
The flexographic printing market consists of sales of flexographic printing technologies by entities (organizations, sole traders, or partnerships) that are used to print high volumes of labels and packaging. Flexographic printing is a modern printing technique that creates raised pictures on a variety of materials by using a flexible printing plate connected to a plate cylinder. The ink is transferred to the substrate by rotating the flexible inked plate at a high speed.
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What drives the Global Flexographic Printing Market?
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 the 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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Global Flexographic Printing Market Segments
The global flexographic printing market is segmented:
By Printing Equipment: Narrow Web, Medium Web, Sheet Fed
By Technology: Automatic, Semi-Automatic
By Application: Corrugated Boxes, Folding Carton, Flexible Packaging, Labels, Print Media
By End-User Industry: Industrial, Print Media, Food and Beverage, Consumer Electronics, Pharmaceutical, Others
By Geography: The regions covered in the flexographic printing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Flexographic Printing Global Market Report 2022provides market size and growth forecasts for the global flexographic printing market, global flexographic printing market share, flexographic printing market segments and geographies, flexographic printing market competitive landscape including leading competitors’ revenues, profiles and market shares. The flexographic printing market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Flexographic Printing Industry Playersinclude Star Flex International, Rotatek, MPS Systems B.V., Aim Machintechnik Pvt. Ltd., R. K. Label Printing Machinery Private Limited, Polygraph Limited, Shanghai Printyoung International Industry Co. Ltd., Wolverine Flexographic LLC, Edale, Shanghai Liu Xiang General Equipments Co. Ltd., KOMORI Corporation, Nilpeter A/S, Westrock Company, Windmoeller & Hoelscher Corporation, and Orient Sogyo Co. Ltd. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
