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  • Flexographic Printing Machine Market Growth & Forecast Analysis | 2023-2028

    Flexographic Printing Machine Market Growth & Forecast Analysis | 2023-2028

    Flexographic Printing Machine Market Growth & Forecast Analysis | 2023-2028
    Report code - SRCG206 Delivery - 2 Weeks
    Flexographic Printing Machine Market Size, Share, Trends, Dynamics, Growth, & Forecast See more...

    Market Insights

    The flexographic printing machine market was estimated at USD 870 million in 2022 and is likely to grow at a CAGR of 6.42% during 2023-2028 to reach USD 1268.83 million in 2028.

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    What is a flexographic printing machine?

    The flexographic printing machine uses a flexible relief plate for printing. It is a modern version of letterpress, with high-speed rotary functions that can be used to print on almost any substrate, including metallic films, plastic, cellphone, and paper.

    COVID-19 Impact

    The spread of Covid-19 positively impacted the market as the pandemic led to growth in the e-commerce industry. Online orders and delivery of food and goods were at an all-time high during the pandemic as people spent more time at home.

    Flexographic Printing Machine Market Highlights

    Market Size in 2022

    USD 870 million

    Market Size in 2028

    USD 1268.83 million

    Market Growth (2023-2028)

    6.42% CAGR

    Base Year of Study

    2022

    Trend Period

    2017-2021

    Forecast Period

    2023-2028

    Segments Covered

    By Material Type (Paper, Plastic Films, Metallic Films, and Corrugated Cardboard),

    By End-User Industry Type (Pharmaceutical, Food & Beverage, Cosmetics, Consumer Electronics, Logistics, and Print Media),

    By Region (North America, Europe, Asia-Pacific, and Rest of the World).

    Key Players

    Some of the key players in the market are-

    • Bobst Group SA
    • Comexi
    • Edale UK Limited
    • Heidelberger Druckmaschinen AG
    • Koenig & Bauer AG
    • Mark Andy Inc.
    • Nilpeter
    • OMET
    • OMSO
    • UTECO

    Market Dynamics

    The growing demand for printing machines with high versatility and ease of operation, and features offered by flexography such as more flexibility and cost-effectiveness are the prime factors driving the market growth during the forecast period.

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    Segment Analysis

    By End-User Industry Type

    Based on the end-user industry type, the market is segmented as pharmaceutical, food & beverage, cosmetics, consumer electronics, logistics, and print media. Food & beverage is estimated to be the dominant end-use industry in the market owing to the growing consumption of packaged food products. This industry is one of the major consumers of flexible packaging products such as films and pouches, which use flexographic printing machines for printing labels and packaging as these printing machines use quick drying and non-toxic inks, fueling the market growth during the forecast period.

    Regional Insights

    In terms of regions, Asia-Pacific is expected to be the fastest-growing region in the flexographic printing machine market during the forecast period. The major factors such as rapid growth in the e-commerce industry, the growing logistics industry, and the increasing number of initiatives by the government to accelerate the manufacturing industry in the regional market are expected to boost the growth of the flexographic printing machines market over the forecast period. North America and Europe are also likely to offer substantial growth opportunities during the forecast period.

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    Market Segmentation

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

    The market is segmented into the following categories.

    By Material Type

    • Paper
    • Plastic Films
    • Metallic Films
    • Corrugated Cardboard

    By End-User Industry Type

    • Pharmaceutical
    • Food & Beverage
    • Cosmetics
    • Consumer Electronics
    • Logistics
    • Print Media

    By Region

    • North America (Country Analysis: the USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and the Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and the Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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    Research Methodology

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

    More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

    We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

    Report Features

    Market Segmentation

    3

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the material types by end-use industry type.

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    The flexographic printing machine market was estimated at USD 870 million in 2022.

    The flexographic printing machine market is likely to reach USD 1268.83 million in 2028.

    The growth of the market will be 6.42% CAGR in the foreseeable future.

    Flexographic printing machine market is Bobst Group SA, Comexi, Edale UK Limited, Heidelberger Druckmaschinen AG, Koenig & Bauer AG, Mark Andy Inc., Nilpeter, OMET, OMSO, and UTECO are among the key players in the market.

    Asia-Pacific is expected to be the fastest-growing market during the forecast period.

    Food & beverage is estimated to be the dominant end-use industry in the market in the coming years.

    The growing demand for printing machines with high versatility and ease of operation, and features offered by flexography such as more flexibility and cost-effectiveness are the prime factors driving the market growth during the forecast period.

    The flexographic printing machine uses a flexible relief plate for printing. It is a modern version of letterpress, with high-speed rotary functions that can be used to print on almost any substrate, including metallic films, plastic, cellphone, and paper.