United States Flexographic Printing Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 2.84 Billion |
| Market Size (2029) | USD 3.26 Billion |
| CAGR (2024 - 2029) | 2.77 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
United States Flexographic Printing Market Analysis
The United States Flexographic Printing Market size is estimated at USD 2.84 billion in 2024, and is expected to reach USD 3.26 billion by 2029, at a CAGR of 2.77% during the forecast period (2024-2029).
- Flexographic printing offers speeds of up to 750 m (or 2,000 ft) per minute. The process offers significant economies of scale by efficiently combining printing with almost any additional process into a single-pass operation. Package printers and converters increasingly use flexographic printing as a crucial tool for their businesses because it offers quicker changeovers, high image quality, and sophisticated automation at a lesser cost.
- The improvements in flexography are driven by end users who gain from the excellent print results. The flexographic industry is experiencing technological advancements driven by two key factors: the growing demand for product variety and the trend toward shorter production runs. These developments aim to enhance efficiency in a market that is becoming increasingly digitalized.
- UV flexo printing inks and varnishes are widely used and continue gaining popularity. A primary justification for using UV curing technology is the absence of solvents, which lowers emissions and is probably one of the original justifications. However, UV-cured inks are currently being considered in many printing-related fields because of their superior print quality, good adhesion to flexible and various other substrates, high chemical and product resistance, and fast running speeds.
- UV-curing flexo inks are used to print on a wide array of finished product substrates. These include yogurt cups and tops, soup and spice packets, flexible packaging, milk and juice cartons, pet food packaging, and cigarette packs.
- Further, the packaging printing marketplace is changing rapidly, with consumer, retailer, and client demand shifting. Increasing demand for new variety and shorter run lengths are driving advancements in flexographic technology, which aims to improve efficiency in an increasingly digitalized market.
- For instance, in April 2023, Imageworx planned to establish a new division and the Flexographic Innovation Center in Levittown, Pennsylvania. The facility's location provides easy access from Philadelphia and Newark International airports. This center is a collaborative space for industry vendors to demonstrate their advanced technologies to the flexographic printing industry.
- On the contrary, digital technologies may initially incur more significant expenses than printed materials but will present long-term savings. This factor is poised to provide effective competition to flexographic printing, which is identical in the price comparison. Further, the longer lifespan and high resale value of digital printing also influence the adoption of these systems.
United States Flexographic Printing Market Trends
Tags and Labels to Witness Significant Growth
- Flexographic printing has emerged as the fastest-growing segment in the label printing industry. This method offers high-speed production capabilities, creating custom, high-quality labels significantly faster than other printing techniques. Industries such as cosmetics, pharmaceuticals, food, and those employing automatic labeling equipment utilize flexographic printing. This process proves efficient and rapid for label printing applications ranging from low to high volumes.
- Additionally, due to technological advancements, flexographic label printing machines outperform several other label printing techniques in terms of efficiency and speed in the United States. Flexographic label presses are the printing technology for food, beverage, pharmaceutical, and consumer items since they can quickly print label rolls of varied materials without compromising quality.
- The increasing emphasis on consumer convenience and brand differentiation drives the need for innovative and attractive packaging solutions. Labels are pivotal in branding, providing essential product information, and ensuring regulatory compliance.
- According to the US Census Bureau, the value of retail food and beverage stores was approximately USD 985.30 billion in 2023, compared with USD 749.8 billion in 2018.
- Futhermore, With the rise of the retail food and beverage industry, there is a corresponding increase in the demand for packaging, which includes tags and labels. As more products are produced and sold, there is a greater need for labeling solutions to ensure product identification, branding, and compliance with regulations.
Folding Carton Holds a Significant Market Share
- The United States has been one of the largest folding carton box producers and consumers, owing to the significant demand in its downstream industries. Folding carton packaging exports from the United States are also steadily increasing.
- The United States is also home to significant folding carton companies, including International Paper Company, WestRock, Packaging Corporation of America, Sonoco Production Company, Sealed Air Corp, and Graphic Packaging International.
- The market witnessed various product innovations in flexographic presses specifically for folding carton packaging applications. For instance, in February 2024, BOBST introduced oneECG, an extended colour gamut technology, in the label and packaging printing industry.
- Furthermore, This innovation is integrated into BOBST narrow and mid-web printing presses, aiming to redefine efficiency and quality standards. By enhancing efficiency and quality, this innovation benefits converters and solidifies BOBST's position as a player in printing technology.
- Notably, in January 2024, Catapult Print's installation of the Nilpeter FA-26 press marked a significant stride in its mission to redefine print, disrupt the market, and induce change in the US flexible packaging market. Introducing this advanced press underscored Catapult Print's commitment to innovation and quality in the printing industry. This move signifies Catapult Print's dedication to staying at the forefront of the industry and delivering printing solutions.
- Furthermore, flexographic printing employs relief plates to stamp designs onto packaging, ensuring consistent, high-quality prints over time. It is cost-effective, particularly for small-scale projects like foldable carton boxes. The growth in Illinois' folding paperboard box manufacturing industry, with revenue expected to reach USD 985.69 million in 2024, indicates increasing demand for packaging materials.
- This trend supports the demand for flexographic printing. As businesses seek reliable, affordable printing solutions, flexo's versatility and quality position it as a preferred choice. Its ability to maintain print quality and affordability makes it ideal for meeting the evolving needs of the packaging industry amid growing market demands.
United States Flexographic Printing Industry Overview
The United States flexographic printing market is fragmented due to the presence of numerous players, both domestic and global. Players are adopting partnerships, investments, and acquisitions to enhance their product offerings and gain sustainable competitive advantages.
United States Flexographic Printing Market Leaders
-
DIC Corporation
-
SiegwerkGroup
-
Flint Group
-
Hubergroup USA Inc.
-
American Inks & Technology
*Disclaimer: Major Players sorted in no particular order
United States Flexographic Printing Market News
- April 2024: Amcor announced a significant expansion of its North American printing and converting capabilities for the dairy market. This strategic move aims to support the growing demand for flexible packaging in the region.
- March 2024: Paper Converting Machine Company (PCMC), under BW Converting Solutions, announced the hosting of two free open houses at its Packaging Innovation Center in Green Bay, WI, from April 23 to 25, 2024. These events were open to newcomers and experts in packaging. Over the three days, the focus was on digital printing for flexible packaging and digital and flexo printing for the folding carton industry. Attendees gained valuable insights and information about the latest advancements and trends in digital printing technologies related to flexible packaging and folding carton production.
- January 2024: Catapult Print installed a new Nilpeter FA-26 press, furthering the company's goal of innovating printing processes and influencing the US market. The Nilpeter FA-26 is Catapult's eighth FA-Line press acquired in the past five years, and it is the first to have a 26-inch web width.
United States Flexographic Printing Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumption and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Value Chain Analysis
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Buyers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Enables Higher Production Speeds Within Reasonable Cost Overlay
5.1.2 Growing Demand for UV-curable Inks
5.1.3 The Packaging Industry Is Expected To Drive Demand For Both Equipment And Inks Category
5.2 Market Restraints
5.2.1 Advent of New Printing Technologies and Shift to Digital Mediums
6. MARKET SEGMENTATION
6.1 By Printing Ink
6.1.1 By Ink Technology
6.1.1.1 Water-based
6.1.1.2 Solvent-based
6.1.1.3 UV-curable
6.1.2 By Application Type
6.1.2.1 Packaging
6.1.2.1.1 Flexible
6.1.2.1.2 Rigid
6.1.2.2 Tags and Labels
6.1.2.3 Paper-based Printing
6.2 By Equipment
6.2.1 By Application Type
6.2.1.1 Narrow Web
6.2.1.2 Medium Web
6.2.1.3 Sheetfed
6.2.1.4 Other Printing Equipment
6.2.2 By Phase
6.2.2.1 Pre-print
6.2.2.2 Post-print
6.2.3 By End User
6.2.3.1 Folding Carton
6.2.3.2 Flexible Packaging
6.2.3.3 Labels
6.2.3.4 Print Media
6.2.3.5 Other End Users
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 DIC Corporation
7.1.2 Siegwerk Group
7.1.3 Flint Group
7.1.4 Hubergroup USA Inc.
7.1.5 American Inks & Technology
7.1.6 Inx International Ink Co.
7.1.7 Wikoff Color Corporation
7.1.8 ACTEGA GmbH
7.1.9 Zeller+Gmelin Corporation
7.1.10 Kolorcure Corporation
7.1.11 Comexi Group Industries SAU
7.1.12 Bobst Group SA
7.1.13 Heidelberger Druckmaschinen AG
7.1.14 Omet Americas Inc. (Omet Group)
7.1.15 MPS Systems BV
7.1.16 Mark Andy Inc.
7.1.17 Windmoller & Holscher KG
7.1.18 CMS Industrial Technologies LLC
7.1.19 Nilpeter USA Inc.
- *List Not Exhaustive
8. INVESTMENT OF THE MARKET
9. FUTURE OF THE MARKET
United States Flexographic Printing Market
Flexographic printing is a printing process that utilizes flexible plates formed of rubber or plastic. Each plate, with its lightly raised image, is wheeled on a cylinder and spread with fast-drying ink. The substance to be printed on, or the substrate, is passed between the print plate and the impression roller, which uses pressure to keep the substrate against the plate.
The United States flexographic printing market is segmented by printing ink (ink technology [water-based, solvent-based, and UV curable], application type [packaging {flexible and rigid}, tags and labels, and paper-based printing]), by equipment (application type [narrow web, medium web, sheetfed, and other printing equipment] and phase [pre-print and post-print], and end user [folding carton, flexible packaging, labels, print media, and other end users]). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
| By Printing Ink | ||||||||
| ||||||||
|
| By Equipment | |||||||
| |||||||
| |||||||
|
United States Flexographic Printing Market Research Faqs
How big is the United States Flexographic Printing Market?
The United States Flexographic Printing Market size is expected to reach USD 2.84 billion in 2024 and grow at a CAGR of 2.77% to reach USD 3.26 billion by 2029.
What is the current United States Flexographic Printing Market size?
In 2024, the United States Flexographic Printing Market size is expected to reach USD 2.84 billion.
Who are the key players in United States Flexographic Printing Market?
DIC Corporation, SiegwerkGroup, Flint Group, Hubergroup USA Inc. and American Inks & Technology are the major companies operating in the United States Flexographic Printing Market.
What years does this United States Flexographic Printing Market cover, and what was the market size in 2023?
In 2023, the United States Flexographic Printing Market size was estimated at USD 2.76 billion. The report covers the United States Flexographic Printing Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the United States Flexographic Printing Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
United States Flexographic Printing Industry Report
Statistics for the 2024 United States Flexographic Printing market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. United States Flexographic Printing analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
United States Flexographic Printing Market Report Snapshots
