Global Flexographic Printing Machine Market growing at a CAGR of 6.7% from 2023 to 2030
Category : Machinery and Equipment | Published Date : Nov 2024 | Type : Press Release
Flexographic Printing Machine Market Scope & Overview:
As per the Consegic Business Intelligence newly published report, the Flexographic Printing Machine Market was valued at USD 791.38 Million in 2022 and is projected to reach USD 1,311.05 Million by 2030, growing at a CAGR of 6.7% during the forecast period from 2023 to 2030. A flexographic printing machine also referred to as a flexo press, utilizes a flexible relief plate for printing. The machine is widely used for high-volume production of packaging materials, labels, and various flexible materials across multiple industries.
The report comprises the Flexographic Printing Machine Market Share, Size & Industry Analysis, By Type (Stack Type Press, Inline Type Press, Central Impression Type Press, Others), By Substrate (Papers, Polyethylene, Plastic Film, Paperboard, Others), By Ink Type (Solvent-based, Water-based, UV-based, Oil-based), By Technology (Automatic, Semi-Automatic), By Coloring Capacity (2 Color, 4 Color, 6 Color, 8 Color), By Application (Printing Media, Office and Admin, Industrial Applications), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa), and Forecast, 2023-2030.
The report contains detailed information on Flexographic Printing Machine Market Trends, Opportunities, Value, Growth Rate, Segmentation, Geographical Coverage, Company Profile, In-depth Expert Analysis, Revenue Forecast, Competitive Landscape, Growth Factors, Restraints or Challenges, Environment & Regulatory Landscape, PESTLE Analysis, PORTER Analysis, Key Technology Landscape, Value Chain Analysis, and Cost Analysis.
Increasing demand for flexographic printing machines in the packaging industry is a primary driver of market growth. However, the slow printing speed and availability of digital printing alternatives remain significant restraints.
Segmental Analysis :
By Type, the market is segmented into Stack Type Press, Inline Type Press, Central Impression Type Press, and Others.
- Inline Type Press accounted for the largest share of 35.4% in 2022, attributed to its efficiency in handling large print volumes and continuous printing without frequent interruptions.
- Central Impression (CI) Type Press is expected to witness the fastest growth, driven by its superior print accuracy and integration of advanced automation features for enhanced operational efficiency.
By Substrate, the segments include Papers, Polyethylene, Plastic Film, Paperboard, and Others.
- Paper held the largest market share in 2022 and is anticipated to register the fastest CAGR. Its dominance is supported by the rising preference for eco-friendly and recyclable packaging materials, contributing significantly to the growth of the paper segment.
By Ink Type, the market is divided into Solvent-based, Water-based, UV-based, and Oil-based.
- Solvent-based Ink led the market share in 2022 due to its excellent print quality and durability across a wide range of substrates.
- UV-based Ink is projected to grow at the fastest CAGR, benefiting from its environmental advantages and quick-drying properties, making it ideal for high-quality printing applications.
By Technology, the segments are Automatic and Semi-Automatic.
- Automatic Flexographic Printing Machines held the largest market share in 2022 and are expected to grow at the fastest CAGR, driven by advancements in automation that enhance production speed and reduce human intervention.
By Coloring Capacity, the market includes 2 Color, 4 Color, 6 Color, and 8 Color machines.
- 6 Color Machines dominated the market share in 2022, attributed to their versatility and capability to produce high-quality, multi-color prints in a single pass.
- 8 Color Machines are anticipated to exhibit the fastest growth, owing to their expanded color range and demand for complex designs in packaging and promotional materials.
By Application, the market is classified into Printing Media, Office and Admin, and Industrial Applications.
- Printing Media was the largest segment in 2022, benefiting from high-volume production requirements in newspapers, magazines, and books.
- Industrial Applications are expected to grow at the fastest rate, driven by increased demand in the food and beverage packaging sector.
Based on regions, the global market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
- North America held the largest revenue share in 2022, supported by a well-established printing industry and technological advancements.
- Asia-Pacific is projected to witness the fastest CAGR of 6.8%, with China contributing significantly due to rising demand from the e-commerce and packaged food sectors.
| Report Attributes | Report Details |
| Study Timeline | 2018-2031 |
| Market Size in 2031 | USD 1,311.05 Million |
| CAGR (2024-2031) | 6.7% |
| By Type | Stack Type Press, Inline Type Press, Central Impression Type Press, Others |
| By Substrate | Papers, Polyethylene, Plastic Film, Paperboard, Others |
| By Ink Type | Solvent-based, Water-based, UV-based, Oil-based |
| By Technology | Automatic, Semi-Automatic |
| By Coloring Capacity | 2 Color, 4 Color, 6 Color, 8 Color |
| By Application | Printing Media, Office and Admin, Industrial Applications |
| By Region | North America(U.S., Canada, Mexico) Europe(U.K., Germany, France, Spain, Italy, Russia, Benelux, Rest of Europe) APAC(China, South Korea, Japan, India, Australia, ASEAN, Rest of Asia-Pacific) Middle East & Africa(GCC, Turkey, South Africa, Rest of MEA) LATAM(Brazil, Argentina, Chile, Rest of LATAM) |
Top Key Players & Competitive Landscape :
The competitive landscape of the Flexographic Printing Machine Market includes key players focusing on product innovation, strategic collaborations, and regional expansion to strengthen their market position. The competitive landscape encompasses major industry leaders, niche players, and emerging companies, analyzed for their strengths, weaknesses, and potential value additions. The report features detailed profiles, market share analysis, and insights on recent strategic initiatives.
List of prominent players in the Flexographic Printing Machine Industry:
- Apex International
- Energy Sciences Inc.
- Gallus (Heidelberg Group)
- Bobst
- Comexi Group
- Azul 3D
- Donghang Precision Machinery Limited Company
- Heidelberger Druckmaschinen AG
- Lohia Corp Limited
- Mark Andy (MAI Holdings, Inc.)
- Nilpeter India Pvt Ltd
- Taiyo Kikai Ltd
- Windmöller & Hölscher
- Xi'An Aerospace-Huayang Mechanical & Electrical Equipment Co., Ltd
Recent Industry Developments :
- February 2022: Paper Converting Machine Company (PCMC) collaborated with Fox Valley Flexo Services to offer comprehensive training and education on flexographic printing through PCMC's Packaging Innovation Center.
- September 2020: Apex International launched FlexoKITE in India and the Netherlands, aimed at providing high-quality flexographic printing solutions through a joint venture with industry leaders such as MacDermid, ESKO, BOBST, and DuPont.
