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

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.

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 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.