PUBLISHER: The Business Research Company | PRODUCT CODE: 1484992
PUBLISHER: The Business Research Company | PRODUCT CODE: 1484992
A flexographic printing machine, also referred to as a flexo press or flexo printer, is a high-speed printing press extensively used in the printing industry, particularly for medium to long print runs, notably in label and packaging production. This technology employs flexible photopolymer printing plates to efficiently transfer images onto various surfaces.
Flexographic printing technology is widely utilized across diverse sectors, including packaging (for labels, corrugated boxes, and flexible packaging), newspapers, magazines, and various product labeling needs, owing to its versatility, speed, and ability to print on a range of substrates. Key types of flexographic printing machines include stack presses, in-line presses, unit common impression cylinder presses, and other variants. Stack presses arrange their printing units vertically, facilitating efficient color changes and maintenance. The market is further segmented by technology into semi-automatic and automatic machines, with capabilities to print on substances such as polyethylene, paper, and other printable materials. Applications include labels, packaging, print media, and other relevant areas.
The flexographic printing machine market research report is one of a series of new reports from The Business Research Company that provides flexographic printing machine market statistics, including global market size, regional shares, competitors with market share, detailed market segments, market trends, opportunities, and any further data you may need to thrive in the flexographic printing machine industry. This flexographic printing machine market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The flexographic printing machine market size has grown strongly in recent years. It will grow from $0.69 billion in 2023 to $0.72 billion in 2024 at a compound annual growth rate (CAGR) of 5.2%. The growth observed in the historic period can be credited to the progress in printing technology, cost efficiencies, rising demand for packaging solutions, environmental considerations, globalization, and the expansion of markets.
The flexographic printing machine market size is expected to see strong growth in the next few years. It will grow to $0.90 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. Forecasted growth is expected to stem from factors such as digitalization and integration with Industry 4.0 initiatives, increased demand for customization and personalization, a growing emphasis on sustainability efforts, and the emergence of new markets. Key trends anticipated in the forecast period include the adoption of hybrid printing solutions, heightened levels of automation and robotics, a focus on enhancing operational efficiency, the expansion of printing applications, the development of sustainable inks and substrates, and the integration of Internet of Things (IoT) technology and connectivity into printing processes.
The burgeoning packaging industry is poised to drive significant growth within the flexographic printing machines market. Packaging encompasses the design, production, and distribution of materials and containers aimed at enclosing, protecting, and delivering products to consumers. This industry is experiencing rapid growth fueled by factors such as the exponential rise of e-commerce, evolving consumer preferences, and heightened health and safety concerns. Flexographic machines play a pivotal role in printing on a variety of packaging materials, including paper, cardboard, plastic films, and flexible packaging materials. For example, the Flexible Packaging Association (FPA) reported a notable increase in the U.S. packaging industry from $34.8 billion in 2020 to $39 billion in 2021, underscoring the pivotal role of packaging in driving market growth.
Leading companies operating within the flexographic printing machine market are concentrating their efforts on the development of Flat-top dot technology, exemplified by products such as the nyloflex FTV Digital plate, to solidify their market position. The nyloflex FTV Digital plate harnesses Flat-top dot technology, a printing method that ensures uniform and consistent ink dots with flat, level surfaces, thereby enhancing print quality and detail. XSYS, a U.S.-based company specializing in the flexographic printing industry, introduced the nyloflex FTV Digital plate in March 2023, tailored for high-end flexible packaging applications. This innovative solution boasts inherent flat-top dot technology and a smooth plate surface optimized for flexographic printing on film substrates with solvent inks. It delivers exceptional print quality with fine highlight dots, reduces plate swelling, and offers extended durability on the press, thereby minimizing waste and enhancing operational efficiency.
In September 2022, Oasis Flower Plant for Plastic, a Saudi Arabia-based provider of PET preforms and HDPE closures, completed the acquisition of the Comexi F2 MB flexographic press for an undisclosed sum. Through this acquisition, Oasis Flower Plant for Plastic aimed to enhance its printing capabilities and meet the diverse needs of its clientele, particularly within the beverage sector. Comexi, a Spain-based printing machine manufacturer, offers cutting-edge technologies for flexible packaging printing, including flexographic printing, offset printing, and digital printing, aligning with Oasis Flower Plant for Plastic's strategic objectives to elevate its printing capabilities and expand its market reach.
Major companies operating in the flexographic printing machine market are Bobst Group SA, Star Flex International, Shanghai Printyoung International Industry Co., Ltd., Wenzhou Daba Machinery Co., Ltd., BFM S.r.l., Paper Converting Machine Company (PCMC), Koenig & Bauer Flexotecnica S.p.A., UTECO Converting S.p.A., Comexi Group Industries S.A.U., Mark Andy Inc., MGI Digital Graphic Technology S.A., Nilpeter A/S, Rotatek S.A., Karlville Development LLC, Edale Limited, OMET S.r.l., Labelmen Machinery Co., Ltd., Polygraph Limited, Advanced Vision Technology Ltd. (AVT), ETI Converting Equipment Inc., MBO Postpress Solutions GmbH, SPS Technoscreen Ltd., TRESU Group, Orthotec LLC, Pamarco Global Graphics
Asia-Pacifica was the largest region in the flexographic printing machine market in 2023 The regions covered in the flexographic printing machine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the flexographic printing machine market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The flexographic printing machine market consists of revenues earned by providing services such as corrugated packaging, cartons, and flexible packaging services. The market value includes the value of related goods sold by the service provider or included within the service offering. The flexographic printing machine market also includes sales of water-based inks, solvent-based inks, and energy-curable inks. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.