The Flexographic Printing Machine Market is being driven by High demand volumes from packaging industry
The Flexographic Printing Machine Market is expected to grow at a CAGR of 6.33% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 591.49 million. In the realm of label printing, flexographic and digital technologies offer distinct advantages. Flexographic printing excels in handling large runs with high speed and efficiency, making it an ideal choice for mass production. Conversely, digital printing shines in the area of variable data printing, enabling customization of labels with unique information such as barcodes, QR codes, or serialized data. This is particularly beneficial for industries like pharmaceuticals, logistics, and personalized packaging. Flexo-digital hybrid systems combine the strengths of both technologies, providing cost-effective short-run printing capabilities and quick setup times. This solution is invaluable for label converters dealing with a multitude of SKUs, seasonal promotions, or limited edition products, allowing them to capitalize on the benefits of both technologies without the need for separate printing presses. This versatile and future-proof investment can significantly enhance the operational efficiency and competitiveness of label converters.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
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Report Coverage |
Details |
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Page number |
168 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.33% |
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Market growth 2024-2028 |
USD 591.49 million |
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Market structure |
fragmentation |
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YoY growth 2023-2024(%) |
6.15 |
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Key countries |
US, China, Japan, Germany, and France |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Flexographic printing is a popular method for producing high-quality images on various packaging materials, including medical supplies, foil wrappings, plastic bags, and labels for the food packaging sector. The process involves the use of a raised-relief image plate, anilox roller, impression cylinder, plate cylinder, meter roller, and ink roller, all working in harmony to transfer ink onto the substrate. Skilled operators ensure the precise alignment and registration of these components for optimal print quality. The flexographic printing machinery market has seen significant growth due to the increasing demand for flexible packaging in online shopping and e-commerce. Self-adhesive labels, cartons, and bags are common applications for this technology. Rubber relief plates and photo-polymer plates are commonly used to create the image plates. Four rollers are typically used in the printing process to ensure consistent ink transfer and even color application. Ink plays a crucial role in the final print quality, and various types are available to suit different substrates and applications. Overall, the flexographic printing machine market continues to expand as businesses seek cost-effective and efficient solutions for producing high-quality packaging for various industries.
According to Technavio, the global flexographic printing machine market is a segment of the expansive industrial machinery market. This market encompasses organizations involved in the production of industrial machinery and components, including presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings, and other metal fabrications. The size of the global industrial machinery market is determined by the consolidated revenue generated by manufacturers of machinery and components utilized in industrial settings. Key growth drivers for the industrial machinery market include the increasing industrial output in process and discrete industries, fueled by the burgeoning demand for energy, chemicals and petrochemicals, pulp and paper products, and processed food and beverages in developing economies. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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