The market for flexographic printing has gained significant attention in the packaging industry, where it is used for printing labels, cartons, and flexible plastics. The growth of industries such as food, beverage, and other packaging, is anticipated to aid the market for flexographic printing.
NEWARK, DE / ACCESSWIRE / October 4, 2024 / The flexographic printing market in the United States is expected to experience a CAGR of 5% through 2034. The rising demand for customized printing solutions is driving manufacturers to develop flexible machines that can efficiently handle a variety of substrates, inks, and job specifications.
With an estimated market size of USD 8.5 billion in 2023, the global flexographic printing market is projected to grow to USD 14.7 billion by 2034, reflecting a CAGR of 5% from 2024 to 2034. By 2024, the market is likely to reach a valuation of USD 9 billion.
The increasing demand for specialized and short-run printing projects presents a significant opportunity for the flexographic printing industry. Flexographic printers can capitalize on this trend by offering adaptable and cost-effective solutions for small-batch and customized printing orders, catering to the growing needs of consumers in e-commerce and bespoke packaging.
Key Takeaways from the Market Analysis
The global demand for flexographic printing reached USD 6.5 billion in 2019.
It is expected that the water based inks would attain a 4.8% CAGR through 2034.
It is projected that the inline-type press method for flexographic printing will be highly used and attain a 4.7% CAGR from 2024 to 2034.
The market in the United States is anticipated to rise through 2034 at a 5.2% CAGR.
It is projected that the flexographic printing ecosystem in the United Kingdom will evolve at a 5.6% CAGR between 2024 and 2034.
Market Value CAGR of Flexographic Printing Market:
Countries |
Forecast CAGRs from 2024 to 2034 |
The United States |
5.2% |
The United Kingdom |
5.6% |
China |
6.2% |
Japan |
6% |
South Korea |
6.4% |
"Flexographic printing is a versatile and efficient printing process widely used for packaging and labels. It employs flexible relief plates to transfer ink onto various substrates, making it suitable for both large and small print runs. This method is known for its ability to produce high-quality images and vibrant colors, while also being environmentally friendly due to the use of water-based inks."- Nikhil Kaitwade, Associate Vice President at Future Market Insights, Inc.
Prominent Drivers of Flexographic Printing market:
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Growing Demand for Packaging:
Increased use of flexible and durable packaging in industries such as food and beverage, pharmaceuticals, and personal care is driving the adoption of flexographic printing.
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Eco-friendly Printing Solutions:
Rising environmental awareness is pushing the development of sustainable inks and substrates, such as water-based and UV-curable inks, boosting demand for flexographic printing.
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Technological Advancements:
Innovations in printing equipment, including faster printing speeds, improved registration accuracy, and enhanced color management, are enhancing print quality and productivity.
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Cost Efficiency:
Flexographic printing is highly cost-effective, particularly for high-volume runs, as it uses low-cost plates and supports a wide range of substrates.
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Expanding E-commerce Sector:
The growing e-commerce sector increases the demand for high-quality packaging materials, further fueling the growth of flexographic printing.
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Regulatory Pressures for Sustainability:
Stricter regulations on waste reduction and eco-friendly practices are encouraging the adoption of sustainable printing technologies, which align with flexographic printing innovations.
Enhanced color management systems
Faster printing speeds
Improved registration accuracy
Explore the Full Market Scope Find the Complete Flexographic Printing Market Report Here: https://www.futuremarketinsights.com/reports/flexographic-printing-market
Challenges faced by Flexographic Printing Market:
Leading companies in the global flexographic printing industry focus on developing advanced printing equipment with:
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Significant efforts are underway to create eco-friendly printing technologies, such as:
Water-based inks
UV-curable inks
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Innovations in substrate materials aim to:
Improve print adhesion
Enhance durability
Expand the range of applications for flexographic printing
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Startups in the sector are seeking to disrupt traditional printing methods by focusing on:
Innovative printing equipment
Environmentally sustainable inks
Advanced substrate materials that improve print quality, efficiency, and sustainability.
Allstein GmbH
Amcor PLC
Bobst
Codimag
Comexi
Flint Group
Gallus
Heidelberger Druckmaschinen AG
Koenig & Bauer AG
Komori Corporation
Key Companies Profiled
Key Segments Profiled in the Flexographic Printing Market:
By Offering:
Printing Machine
Printing Ink
By Ink Type:
Water-based inks
Solvent-based inks
Energy-curable inks
By Method:
Inline-type press
Central impression press
Stack-type press
By Type:
Narrow web
Medium web
Wide web
By Automation:
Automatic
Semi-automatic
By Application:
Corrugated packaging
Flexible packaging
Labels & tags
Cartons
Others
By End Use:
Food & beverage
Healthcare
Cosmetics
Consumer goods
E-commerce
Electronics
Others
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Author by:
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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SOURCE: Future Market Insights Inc.
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