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Global Flexographic Printing Machine Market growing at a CAGR of 6.7% from 2023 to 2030

Category : Machinery and Equipment | Published Date : Jun 2023

Key Market Overview

The Flexographic Printing Machine Market is expected to reach USD 1,311.05 Million by 2030. The market, which was valued at USD 791.38 Million in 2022, is predicted to grow at a compound annual growth rate of 6.7% during the period 2023-2030.

The report highlights the rising adoption of flexographic printing machines due to the increasing demand from the packaging industry to print various packaging materials namely corrugated boxes, folding cartons, flexible films, labels, and bags. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the flexographic printing machine market.

Global Flexographic Printing Machine Market By Overview

Global Flexographic Printing Machine Market

Consegic Business Intelligence provided an inclusive research report on the flexographic printing machine market that evaluates multiple factors, such as market size, value, supply chain, regulatory environment, and trends. Central Impression (CI) type segment is predicted to witness the fastest CAGR in the flexographic printing machine during the forecast period. CI flexographic presses are known for the excellent print accuracy as the central drum of the machine allows for precise control of the printing plates and substrates, resulting in superior print quality. Furthermore, modern CI presses have incorporated advanced automation features namely automatic plate mounting systems, robotic workflows, and digital controls. The automation enhancements improve operational efficiency, reduce setup times, and increase productivity, thus contributing significantly in driving the market growth.

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Market Dynamics

Driver:

 

  • Growing demand of flexographic printing machines from the packaging industry to print various packaging materials including corrugated boxes, flexible films, labels, and bags is driving the market growth.
  • Advancements in flexographic printing machines including the introduction of high-resolution photopolymer plates and plate imaging technologies to offer high-quality prints is accelerating the market growth.
  • The emergence of advanced autonomous features including automatic plate mounting systems, robotic workflows, and digital controls to improve operational efficiency, reduce setup times, and increase productivity is propelling the market growth.

 

Restraints:

  • Slow printing speed of flexographic printing machines is restraining the growth of the market.
  • The presence of alternatives, including digital printing machines to offer high-quality prints at shorter periods of time is impeding the growth of the flexographic printing machine market.

Market Segmentation:

Report Attributes Report Details
By Type Stack Type Press, Inline Type Press, Central Impression Type Press, and Others
By Substrate Papers, Polyethylene, Plastic film, Paperboard, and Others
By Ink Type Solvent-based, Water based, UV-based, and Oil-based
By Technology Automatic and Semi-Automatic
By Coloring Capacity 2 color, 4 color, 6 color and 8 color
By Application Printing Media, Office and Admin, and Industrial Applications
By Region North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Competitive Landscape :

As per the study, the market is dominated by certain major companies such as Apex International, Energy Sciences Inc., Gallus (Heidelberg Group), and Bobst that have a strong market position in current market circumstances. The market players compete for a firm market position through mergers and acquisitions, Substrate innovations, and business strategies. Thus, evolving research and developments in the flexographic printing machine market are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various end-use industries.

  • Apex International
  • Energy Sciences Inc.
  • Gallus (Heidelberg Group)
  • Bobst
  • Comexi Group
  • Azul 3D
  • Donghang Precision Machinery Limited Company
  • Heidelberger Druckmaschinen AG
  • Lohia Corp Limited
  • Mark Andy (MAI Holdings, Inc.)
  • Nilpeter India Pvt Ltd
  • Taiyo Kikai Ltd
  • Windmöller & Hölscher
  • Xi'An Aerospace-Huayang Mechanical & Electrical Equipment Co., Ltd