Flexographic Printing Market 2023 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2030

Introduction:

In the field of print technology, the domain of flexographic printing stands as an intricate marvel. It relies on the deployment of plates constructed from pliable substances like polymers sensitive to ultraviolet rays, rubber, and plastics to leave indelible marks on various surfaces. Its application primarily resides within the domain of package printing, enriched by a multitude of advantages such as the generation of impeccably detailed images and a breathtaking pace of production. This revolutionary technology finds its purpose in the adornment of corrugated receptacles, folding cartons, labels, paper sacks, and even plastic pouches. The constituents of paramount significance within this arena encompass the flexographic printing machinery, and the ink, each of which warrants meticulous scrutiny.

The impetus behind this dynamic realm stems from the ever-growing consumer proclivity for packaged commodities, perpetuating an unprecedented surge in the clamor for flexographic printing. Its dominion extends gracefully over packaging components like labels, cartons, sacks, and malleable wrapping. The packaging industry is a perpetually evolving entity, a transformation catalyzed by the meteoric rise of e-commerce and the surging wave of online retailing. This revolution, in turn, has spawned an insatiable appetite for protective materials, amplifying the demand for flexographic printing. The landscape of flexographic printing delineates its divisions based on offerings, applications, and geographic presence. Applications diversify into corrugated packaging, flexible wrapping, cartons, labels, and a medley of others. Within the domain of flexographic printing machinery, distinctions arise based on width, demarcated as narrow, medium, or wide web configurations.

The kingdom of flexographic printing inks unfolds across a spectrum categorized by type, housing water-based, solvent-based, and energy-curable variants. It's a flourishing ecosystem where adaptation and innovation are the constants. To gain insights into the competitive panorama, one must consult the comprehensive report, elucidating rankings, market share, and the strategic tapestry of key players in the flexographic printing sector. These determinations hinge upon factors such as revenue, product portfolio, and global outreach. The global flexographic printing market is anticipated to experience a substantial growth due to the rising demand for flexographic printing in the packaging industry, increasing demand for cost-effective printing in different sectors, and burgeoning demand for sustainable packaging solution all around the globe.

The flexographic printing market is anticipated to reach USD XXX.X million by 2030 from USD XXX.X million in 2022, at a CAGR of 4.6% during the forecast period.

Increasing demand for packaging solution in emerging economies of Asia Pacific, increasingly adopting flexographic printing due to its eco-friendly nature, and continuous technological innovations are improving the quality and efficiency of flexographic printing, which is expected to further boost the global flexographic printing market during the forecast period 2023-2030.

Growth Drivers:

The landscape of the packaging sector undergoes continuous transformation, propelled by evolving trends such as the upsurge in e-commerce and online shopping. This transformative wave has resulted in a heightened call for packaging materials to safeguard and convey products. Furthermore, the industry has witnessed a surge in the quest for eco-conscious packaging solutions, reflecting the growing awareness among companies regarding the imperative need for sustainable environmental practices. Notably, the packaging sector remains intrinsically tied to the economic progress within domains like food processing, personal care, and pharmaceuticals. These sectors engender opportunities for market expansion and propel the industry's growth trajectory.

Flexographic printing is renowned for its capacity to furnish effective and budget-friendly solutions for a diverse spectrum of printing requisites. Cost-efficiency stands out as a paramount driving force behind the flexographic printing market. Moreover, the initial setup costs associated with flexographic printing remain comparatively modest when juxtaposed with certain other printing techniques, particularly when dealing with protracted print runs. Furthermore, modern flexographic printing processes continue to evolve in terms of ink utilization and the curtailment of material wastage. This concerted effort in resource optimization leads to substantial savings by limiting both ink and substrate wastage during the printing procedure.

Flexographic printing, a notably versatile and cost-efficient technique, is tailor-made to address the exigencies of burgeoning markets. The Asia Pacific region, undergoing a rapid upswing in economic prosperity, has witnessed an amplification of consumer purchasing prowess, igniting a heightened demand for an array of consumer commodities encompassing packaging, labels, and sundry printed materials. Numerous emerging markets are establishing or enlarging indigenous manufacturing and production infrastructures. Furthermore, as population of these emerging markets gravitate toward urban centers, the hankering for packaged and convenience items is on the ascent.

Flexographic Printing Segmentation:

By Offering:

·         Flexographic Printing Machine

·         Flexographic Printing Ink

Flexographic Printing Ink Segmentation, By Type:

·         Solvent Based Ink

·         Water-Based Ink

·         Energy-Curable Ink

Flexographic Printing Machine Segmentation, By Type:

·         Narrow Web

·         Medium-Web

·         Wide-Web

Flexographic Printing Machine Segmentation, By Method:

·         Inline-Type Press

·         Central Impression(CI) Press

·         Stack-Type Press

Flexographic Printing Machine Segmentation, By Automation Type

·         Automatic

·         Semi-Automatic

By Application:

·         Flexible Packaging

·         Corrugated Packaging

·         Carton

·         Label & Tags

·         Bags & Sacks

·         Newspapers

·         Sanitary/Kitchenware

·         Others

By Region:

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East and Africa

 

Flexographic Printing Market by Offering Review:

Based on the offering, the flexographic printing market is segmented into two segments including the flexographic printing machine, and flexographic printing ink. On the basis of offering, the flexographic printing machine segment is expected to dominate the market in terms of market share.

Flexographic Printing Ink Market by Type Review:

Based on the ink type, the flexographic printing market is segmented into solvent based ink, water-based ink, and energy-curable ink. On the basis of ink type, the water-based segment is expected to be the largest in terms of market share, while the segment is also forecasted to grow at the highest rate in terms of CAGR during the forecast period. The surging need for water-based flexographic inks in the field of corrugated board printing takes the lead in propelling this segment's expansion. Water-based flexographic inks have found common application in the field of food packaging, which is driving the growth of the segment.

Flexographic Printing Machine Market by Type Review:

Based on the machine type, the flexographic printing market is segmented into three segments including the narrow web, medium web, and wide web. On the basis of machine type, the wide web segment is expected to be the largest in terms of market share. These wide-web flexographic printing machines cater to larger packaging needs, are well-suited for imprinting on flexible packaging materials, and boast efficiency in the production of substantial packaging and printed products.

Flexographic Printing Machine Market by Method Review:

Based on the machine method, the flexographic printing market is segmented into inline-type press, central impression(ci) press, and stack-type press. On the basis of machine method, the central impression (CI) press segment is expected to be the largest in terms of market share, while the inline-type press segment is predicted to grow at the highest rate in terms of CAGR during the forecast period.

Flexographic Printing Machine Market by Automation Type Review:

Based on the machine automation, the flexographic printing market is segmented into two segments including the automatic, and semi-automatic. On the basis of machine automation type, the semi-automatic segment is expected to be the largest in terms of market share, while the automatic segment is predicted to grow at the highest rate in terms of CAGR during the forecast period.

Flexographic Printing Machine Market by Application Review:

Based on the application, the flexographic printing market is segmented into flexible packaging, corrugated packaging, carton, label & tags, bags & sacks, newspapers, sanitary/kitchenware, and others. On the basis of application, the flexible packaging segment is expected to be the largest in terms of market share, while the label & tags segment is predicted to grow at the highest rate in terms of CAGR during the forecast period.

Regional Outlook:

The flexographic printing market research report offers detailed analysis and forecasts for five major regions i.e., North America, Europe, Asia Pacific (APAC), Latin America, and the Middle East & Africa.

The Asia Pacific region is forecasted to dominate the global flexographic printing market followed by North America, Europe, Latin America, and Middle East & Africa during the forecast period 2023-2030.

The Asia Pacific region is forecasted to maintain its dominant position in the global flexographic printing market, accounting for a projected market share of XX.X% in 2022. The regional flexographic printing market is driven by the amplifying economic prosperity, which can be ascribed to the burgeoning manufacturing domain, exerts a constructive influence on the expansion of the printed packaging sector within the Asia Pacific region. China and Japan play pivotal roles as the primary catalysts for growth in the Asia pacific flexographic printing market. The burgeoning demand for packaging materials, driven by the rising consumption of convenience foods, a shifting consumer inclination spurred by urbanization, and the burgeoning pharmaceutical sector, is expected to further boost the flexographic printing market in Asia Pacific during the forecast period 2023-2030.

Asia Pacific is expected to hold the highest CAGR during the forecast period. The economic upsurge linked to the burgeoning manufacturing sector is exerting a favorable influence on the expansion of the printed packaging industry in the Asia Pacific region.

Rapid economic growth in countries like China and India is driving demand for packaging and labeling solutions. As urban populations grow, there's an increased need for packaged goods, boosting the demand for flexographic printing. Furthermore, the e-commerce sector's expansion and changing consumer preferences contribute to the growth of flexographic printing in this region. Additionally, the food and beverage industry's booming production levels have a significant impact on the market. Moreover, emerging markets in the region is experiencing robust demand for packaging solutions, which is expected to further boost the market growth in Asia Pacific during the forecast period 2023-2030.

North America, characterized by its technological advancement, has bolstered its innovation and manufacturing capabilities, particularly in the field of medical, food and beverage, and consumer electronics industries. This surge has consequently driven up the demand for printing and packaging solutions.

Moreover, the region's high disposable income empowers end-users to invest more in such packaging, emphasizing ease of use. Crucially, evolving consumer preferences have spurred the integration of flexographic printing into everyday life. Additionally, the surge in exports, particularly of food and pharmaceutical products necessitating printing and packaging, is anticipated to stoke the North American market during the forecast period 2023-2030.

 Key Companies in Flexographic Printing Market:

The research report offers a competitive analysis of prominent companies operating in the flexographic printing market. Some of the leading players profiled in the market research report include:

·         BOBST

·         Heidelberger Druckmaschinen AG

·         Mark Andy, Inc.

·         Windmoller & Holscher

·         MPS System B.V.

·         Amcor PLC

·         Nilpeter A/S

·         Aim Machintechnik Private Limited

·         Koenig & Bauer AG

·         Rotatek

·         Comexi

·         Other Players