Global Flexographic Printing Market Size and Overview

Global Flexographic Printing Market was USD XX Billion in 2018 and is projected is to exhibit XX% CAGR during the forecast period. The market is projected to be around USD XX Billion by 2026. The market growth is mainly driven by the consumer demand in fulfilling their daily nutrition requirements. Further, it gives an affordable option to replace whole milk powder. The growing demand and rising consumption in both developed and developing nation has transformed this product from Niche to mainstream product in recent years.

Advancement in the Printing Technology with innovation

Technological advancements in ink quality is expected to offer potential growth opportunity for the flexographic printing machine market over the forecast time frame. Solvent based inks tend to have a wider operation window which can be used for wider applications, particularly in the film structures. The industry has witnessed market shift from porous substrate printing to film printing within the folding carton, corrugated, and multi-walled bag market. This industry shift has benefited solvent-based inks and this trend is expected to continue over the forecast timeline.

Growing End User Industries

The growth of the Flexographic Printing market is driven by the increased application areas across the industry. Growing applications in packaging and Labelling are expected to drive the overall demand of the Flexographic Printing during the forecast period.

Asia Pacific region holds the highest market about 40% of total market share. Indian and Chinese industrial sector developments are expected to boost the demand for flexographic printing machines over the forecast timeline as the region is expected to witness steady growth of consumer goods packaging. Moreover, lesser raw material and labor cost is expected to increase the production of flexographic printing machines in this region.

Flexographic Printing Market Segmentation

The global Flexographic Printing Market is segmented into Product Types, Applications, and by Region. On the basis of the product types the market is further bifurcated into Central Impression Type, and Unit -type Machine. By Application Type, the market is classified into Flexible packaging, Label Manufacturing, and Corrugated Residential. Based on the geography the market is further segregated into North America, Latin America, Europe and Asia Pacific.

Flexographic Printing Market Competitive Landscape

The players associated with the global Flexographic Printing Market are PCMC, Mark Andy, BOBST, Nilpeter, Heidelberger Druckmaschinen AG, UTECO, Comexi, KBA-Flexotecnica S.p.A, OMET, Rotatek.