Market Size of Flexographic Printing Machine Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 11.30 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
Flexographic Printing Market Analysis
The flexographic printing machine market is expected to register a CAGR of 11.3% during the forecast period (2021 - 2026). As the flexo press uses flexible photopolymer printing plates to imprint images, it is used for printing across a wide range of surfaces such as plastics, paper, metallic films to cellophane.
- Flexographic printing machinery make use of relief plates made up of flexible rubber or photo-polymer plates, four rollers such as ink roller, meter roller, plate cylinder, and impression cylinder. Ink is introduced to an aniloxroller that transfers the ink to a flexible, raised-relief image plate wrapped around a cylinder. This cylinder then lays the graphic onto the label paper as it passes through the press at high speed.
- The increasing demand for a printing machine that can be used for a variety of substrates and other products with high versatility and ease of operation, particularly for rather long printing runs on all extensible plastic film, is expected to fuel the adoption of the flexographic printing machines, as the flexographic printing machines can operate at high speeds and its applicability on a different surface and water-based inks as well as oil-based inks.
- The computer-to-plate processes are being increasingly being used in flexoprepress that has enabled the machines to reduce the prepress times. The process has been extensively used in offset litho. The introduction of flat-top dots in Plates by several vendors has further improved print consistency and overall quality significantly.
- Flexography is more flexible and less expensive to produce, the technology has been witnessing significant innovations in the prepress and press parts of the process, along with inks. For instance, UK-based MPS launched its new E-Sleeve technology, an alternative to traditional sleeves, at LabelexpoEurope 2019. The product enables printers to generate predictable results at better speeds, with assured quality tolerances and more reliable production cost calculations.
- Due to the impact of COVID-19, the vendors serving food and beverage as well as pharmaceutical industry reported significant growth. However, from supply side, the vendors faced issues in procurement of raw materail for the machines, due to logistic issues.
Flexographic Printing Industry Segmentation
Flexographic Printing Machine Market is segmented by Material (Paper, Corrugated Cardboard, Plastic Films, Metallic Films) End-user Industry(Pharmaceutical, Food & Beverage, Cosmetics, Consumer Electronics, Logistics, Print Media) and Geography
Material | |
Paper | |
Plastic Films | |
Metallic Films | |
Corrugated Cardboard |
End User Industry | |
Pharmaceutical | |
Food & Beverage | |
Cosmetics | |
Consumer Electronics | |
Logistics | |
Print Media |
Geography | |
North America | |
Europe | |
Asia Pacific | |
Latin America | |
Middle East and Africa |
Flexographic Printing Machine Market Size Summary
The flexographic printing machine market is poised for significant growth, driven by its versatility and efficiency in printing on various substrates such as plastics, paper, and metallic films. This technology utilizes flexible photopolymer plates and a series of rollers to achieve high-speed printing, making it ideal for long runs and diverse applications. Innovations in prepress and press components, along with advancements in ink technology, have further enhanced the capabilities of flexographic printing machines. The adoption of computer-to-plate processes and flat-top dots has improved print consistency and quality, while the introduction of new technologies like MPS's E-Sleeve has optimized production speeds and cost-efficiency. The market's expansion is also supported by the increasing demand from the food and beverage industry, which favors quick-drying and non-toxic inks for packaging, as well as the growing e-commerce and logistics sectors that require efficient labeling and packaging solutions.
The market landscape is characterized by intense competition among key players such as Koenig & Bauer AG, Mark Andy Inc., and others, who are continually innovating and forming strategic partnerships to strengthen their market presence. The COVID-19 pandemic has highlighted the importance of flexographic printing in sectors like food and pharmaceuticals, although supply chain challenges have impacted raw material procurement. Regulatory developments, particularly in the food and beverage sector, are expected to further drive the adoption of flexographic printing machines. Additionally, government initiatives to boost manufacturing and the rapid growth of the e-commerce industry in regions like India are anticipated to contribute to market growth. Prominent companies are also expanding their offerings through strategic mergers and acquisitions, ensuring a robust competitive environment that fosters technological advancements and market expansion.
Flexographic Printing Machine Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Rising Need for High Production Speeds
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1.3 Market Restraints
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1.3.1 Higher initial setup cost
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1.4 Industry Value Chain Chain Analysis
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1.5 Industry Attractiveness - Porter's Five Force Analysis
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1.5.1 Threat of New Entrants
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1.5.2 Bargaining Power of Buyers/Consumers
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1.5.3 Bargaining Power of Suppliers
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1.5.4 Threat of Substitute Products
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1.5.5 Intensity of Competitive Rivalry
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1.6 Assessment of Impact of Covid-19 on the Market
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2. MARKET SEGMENTATION
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2.1 Material
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2.1.1 Paper
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2.1.2 Plastic Films
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2.1.3 Metallic Films
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2.1.4 Corrugated Cardboard
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2.2 End User Industry
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2.2.1 Pharmaceutical
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2.2.2 Food & Beverage
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2.2.3 Cosmetics
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2.2.4 Consumer Electronics
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2.2.5 Logistics
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2.2.6 Print Media
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2.3 Geography
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2.3.1 North America
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2.3.2 Europe
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2.3.3 Asia Pacific
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2.3.4 Latin America
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2.3.5 Middle East and Africa
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Flexographic Printing Machine Market Size FAQs
What is the current Flexographic Printing Machine Market size?
The Flexographic Printing Machine Market is projected to register a CAGR of 11.30% during the forecast period (2024-2029)
Who are the key players in Flexographic Printing Machine Market?
Bobst Group SA, Edale UK Limited, OMET, Koenig & Bauer AG and Mark Andy Inc. are the major companies operating in the Flexographic Printing Machine Market.