The flexographic printing machine market is set to be worth USD 2.7 billion in 2024. By 2034, the market is inclined to expand to USD 3.3 billion, covering a CAGR of 2.10% through 2034.
Growth Drivers of the Flexographic Printing Machine Market
Attributes | Key Statistics |
---|---|
Expected Base Year Value (2024) | USD 2.7 billion |
Anticipated Forecast Value (2034) | USD 3.3 billion |
Estimated Growth (2024 to 2034) | 2.10% CAGR |
Apart from the market perception of the quality and speed of flexo printing machines, there are some factors that deter the growth of the market. Factors like the increasing popularity of gravure printing machines offering high-quality printing at lower cost and the growing adoption of digital printing technologies pose market growth challenges.
Fluctuations in the prices of raw materials, such as inks, plates, and other consumables, affect the profit margins of manufacturers. Also, the high cost of flexographic printing machines deters small manufacturers from investing in them. The requirement for skilled operators to operate and maintain these machines is another drawback faced. Limited printing width, lack of standardization, and disruptions in the global supply chain are among several factors leading to the market plunge.
Stack press product type has gained a significant market share due to its superior performance and low operational costs. With an expected market share of 43.30% for 2024, the stack press product type is set to continue dominating the market for the foreseeable future.
Attributes | Details |
---|---|
Product Type | Stack Press |
Market Share (2024) | 43.40% |
Stack press machines are ideal for printing on various substrates, like plastic films, paper, and corrugated boards. They are also capable of printing multiple colors in a single pass. This makes them highly efficient and cost-effective. Stack press machine is highly flexible and can be easily customized to meet customer’s needs of different applications.
Increasing demand for flexible packaging solutions in industries like food and beverages, healthcare, and consumer goods is slated to drive the market in the coming years. Manufacturers are investing heavily in the development of advanced stack press machines that offer higher efficiency and enhanced sustainability features.
Rising demand for sustainable packaging solutions is augmenting the growth of the flexographic printing machine market. With increasing awareness about environmental issues, consumers are looking for eco-friendly alternatives to traditional packaging materials. This, in turn, is driving the packaging use of the machines, with an anticipated share of 37.90% for 2024.
Attributes | Details |
---|---|
End Use | Packaging |
Market Share (2024) | 37.90% |
Flexographic printing machine offers a range of sustainable printing solutions, including water-based inks, UV-curated inks, and solvent-free laminates. This makes them a preferred choice for manufacturers looking to reduce their environmental footprints. Thus, demand for these machines in the packaging industry has promise.
Countries | CAGR from 2024 to 2034 |
---|---|
India | 5.40% |
China | 4.70% |
Thailand | 4.10% |
Spain | 2.40% |
South Korea | 2.40% |
Continuous widening of the eCommerce market in Asia-Pacific regions, especially in India, has impacted the lucrative growth of flexographic printing machines. Manufacturers are expanding their presence in India through new alliances and collaborations.
For instance, in June 2019, Flipkart relocated a significant portion of manufacturing and sourcing for private labels to India from China and Malaysia to lower costs and comply with the government's Make in India norms. The packaging sector is enormously expanding in India with cheaper labor costs and reduced production prices of raw materials and supplies. The market is thus in line to set a CAGR of 5.40% from 2024 to 2034 in India.
Developing industrial sector in China has poised the market for growth. With a CAGR of 4.70% through 2034, China is expected to hold its position through elevated printing across numerous domains.
Technological advancement through robotics automation in the packaging segment has also influenced the market of the flexo printing machines industry in China. The trend of sustainability and maintaining low carbon footprints has played a vital role in the expansion of these printing machines.
The growing logistics industry in China is another factor attributing to the market growth. As print media is essential for communicating between manufacturers and consumers, shipping companies facilitate the rising sale of these machines in China.
With the accelerated development and proliferation of microcomputer and software technologies, automation in the printing industry is accelerating the adoption of flexo printing equipment in Thailand. Expected to establish a CAGR of 4.10% from 2024 to 2034, manufacturers are implementing advanced technologies to boost the market.
Thailand's growing food and beverages industry due to tourism has also impacted the market growth in various ways. Consumers are becoming warier of false labeling, which has raised the need for clear and trustworthy food labels. Thus, the industry’s growth in Thailand is aided.
Expansion of online shopping in Spain in sectors like healthcare, cosmetics, clothing, and overall consumer goods is predicted to boost the market growth. With a CAGR of 2.40%, Spain is anticipated to be in the running race in market trends driving innovation in flexographic printing technology.
Holding a substantial portion of the export of pharmaceuticals and packaging goods, the Spanish market is predicted to grow broad in the flexographic printing machine sector, too. Housing notable players of the automotive, medical technology, chemical, tourism, shipping, and the textile industry, the requirement of printing equipment and machines to cater to packaging needs and sales is considerable in the country. Thus, the emerging opportunities in the printing machinery industry in Spain are high.
The growing popularity of the food and cosmetic sector in South Korea has boosted the market. The South Korean sales of these machines have a steady growth with an anticipated CAGR of 2.40%.
The growing trend toward innovative, sustainable, and environmentally friendly printing and packaging solutions to convey information about the product's identity in the most reliable way makes it easier for the product to infiltrate the country’s cosmetic sector. Thus, the cosmetic sector is enlarging the scope of flexo printing machines in South Korea.
Key companies in the flexographic printing machine market are shifting to sustainable packaging and advanced technologies for the betterment of the outcomes catering to consumer’s needs. They are introducing new machines and offering automation and productivity, boosting the overall sales and growth of the market. Some companies and their recent developments are mentioned below
Companies | Advancements |
---|---|
Bobst Group SA | Offering a range of flexographic printing machines, including the M5X and M6X models |
Koenig & Bauer AG | Introducing new machines that offer higher levels of automation and productivity |
Heidelberger Druckmaschinen AG | Introducing new machines that offer higher levels of flexibility and customization |
Mark Andy Inc. | Expanding its presence in the label and packaging market by introducing new machines that offer higher levels of automation and productivity |
Nilpeter A/S | Investing in digital printing technologies |
Recent Advancements
Table 1: Global Market Value (US$ Million) Forecast by Region, 2019 to 2034
Table 2: Global Market Volume (Units) Forecast by Region, 2019 to 2034
Table 3: Global Market Value (US$ Million) Forecast by Technology Type, 2019 to 2034
Table 4: Global Market Volume (Units) Forecast by Technology Type, 2019 to 2034
Table 5: Global Market Value (US$ Million) Forecast by End Use, 2019 to 2034
Table 6: Global Market Volume (Units) Forecast by End Use, 2019 to 2034
Table 7: North America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 8: North America Market Volume (Units) Forecast by Country, 2019 to 2034
Table 9: North America Market Value (US$ Million) Forecast by Technology Type, 2019 to 2034
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Table 11: North America Market Value (US$ Million) Forecast by End Use, 2019 to 2034
Table 12: North America Market Volume (Units) Forecast by End Use, 2019 to 2034
Table 13: Latin America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 14: Latin America Market Volume (Units) Forecast by Country, 2019 to 2034
Table 15: Latin America Market Value (US$ Million) Forecast by Technology Type, 2019 to 2034
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Table 17: Latin America Market Value (US$ Million) Forecast by End Use, 2019 to 2034
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Table 19: Western Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 20: Western Europe Market Volume (Units) Forecast by Country, 2019 to 2034
Table 21: Western Europe Market Value (US$ Million) Forecast by Technology Type, 2019 to 2034
Table 22: Western Europe Market Volume (Units) Forecast by Technology Type, 2019 to 2034
Table 23: Western Europe Market Value (US$ Million) Forecast by End Use, 2019 to 2034
Table 24: Western Europe Market Volume (Units) Forecast by End Use, 2019 to 2034
Table 25: Eastern Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 26: Eastern Europe Market Volume (Units) Forecast by Country, 2019 to 2034
Table 27: Eastern Europe Market Value (US$ Million) Forecast by Technology Type, 2019 to 2034
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Table 29: Eastern Europe Market Value (US$ Million) Forecast by End Use, 2019 to 2034
Table 30: Eastern Europe Market Volume (Units) Forecast by End Use, 2019 to 2034
Table 31: South Asia and Pacific Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 32: South Asia and Pacific Market Volume (Units) Forecast by Country, 2019 to 2034
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Table 34: South Asia and Pacific Market Volume (Units) Forecast by Technology Type, 2019 to 2034
Table 35: South Asia and Pacific Market Value (US$ Million) Forecast by End Use, 2019 to 2034
Table 36: South Asia and Pacific Market Volume (Units) Forecast by End Use, 2019 to 2034
Table 37: East Asia Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 38: East Asia Market Volume (Units) Forecast by Country, 2019 to 2034
Table 39: East Asia Market Value (US$ Million) Forecast by Technology Type, 2019 to 2034
Table 40: East Asia Market Volume (Units) Forecast by Technology Type, 2019 to 2034
Table 41: East Asia Market Value (US$ Million) Forecast by End Use, 2019 to 2034
Table 42: East Asia Market Volume (Units) Forecast by End Use, 2019 to 2034
Table 43: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 44: Middle East and Africa Market Volume (Units) Forecast by Country, 2019 to 2034
Table 45: Middle East and Africa Market Value (US$ Million) Forecast by Technology Type, 2019 to 2034
Table 46: Middle East and Africa Market Volume (Units) Forecast by Technology Type, 2019 to 2034
Table 47: Middle East and Africa Market Value (US$ Million) Forecast by End Use, 2019 to 2034
Table 48: Middle East and Africa Market Volume (Units) Forecast by End Use, 2019 to 2034
Figure 1: Global Market Value (US$ Million) by Technology Type, 2024 to 2034
Figure 2: Global Market Value (US$ Million) by End Use, 2024 to 2034
Figure 3: Global Market Value (US$ Million) by Region, 2024 to 2034
Figure 4: Global Market Value (US$ Million) Analysis by Region, 2019 to 2034
Figure 5: Global Market Volume (Units) Analysis by Region, 2019 to 2034
Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2024 to 2034
Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2024 to 2034
Figure 8: Global Market Value (US$ Million) Analysis by Technology Type, 2019 to 2034
Figure 9: Global Market Volume (Units) Analysis by Technology Type, 2019 to 2034
Figure 10: Global Market Value Share (%) and BPS Analysis by Technology Type, 2024 to 2034
Figure 11: Global Market Y-o-Y Growth (%) Projections by Technology Type, 2024 to 2034
Figure 12: Global Market Value (US$ Million) Analysis by End Use, 2019 to 2034
Figure 13: Global Market Volume (Units) Analysis by End Use, 2019 to 2034
Figure 14: Global Market Value Share (%) and BPS Analysis by End Use, 2024 to 2034
Figure 15: Global Market Y-o-Y Growth (%) Projections by End Use, 2024 to 2034
Figure 16: Global Market Attractiveness by Technology Type, 2024 to 2034
Figure 17: Global Market Attractiveness by End Use, 2024 to 2034
Figure 18: Global Market Attractiveness by Region, 2024 to 2034
Figure 19: North America Market Value (US$ Million) by Technology Type, 2024 to 2034
Figure 20: North America Market Value (US$ Million) by End Use, 2024 to 2034
Figure 21: North America Market Value (US$ Million) by Country, 2024 to 2034
Figure 22: North America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 23: North America Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 24: North America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 25: North America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 26: North America Market Value (US$ Million) Analysis by Technology Type, 2019 to 2034
Figure 27: North America Market Volume (Units) Analysis by Technology Type, 2019 to 2034
Figure 28: North America Market Value Share (%) and BPS Analysis by Technology Type, 2024 to 2034
Figure 29: North America Market Y-o-Y Growth (%) Projections by Technology Type, 2024 to 2034
Figure 30: North America Market Value (US$ Million) Analysis by End Use, 2019 to 2034
Figure 31: North America Market Volume (Units) Analysis by End Use, 2019 to 2034
Figure 32: North America Market Value Share (%) and BPS Analysis by End Use, 2024 to 2034
Figure 33: North America Market Y-o-Y Growth (%) Projections by End Use, 2024 to 2034
Figure 34: North America Market Attractiveness by Technology Type, 2024 to 2034
Figure 35: North America Market Attractiveness by End Use, 2024 to 2034
Figure 36: North America Market Attractiveness by Country, 2024 to 2034
Figure 37: Latin America Market Value (US$ Million) by Technology Type, 2024 to 2034
Figure 38: Latin America Market Value (US$ Million) by End Use, 2024 to 2034
Figure 39: Latin America Market Value (US$ Million) by Country, 2024 to 2034
Figure 40: Latin America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 41: Latin America Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 42: Latin America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 43: Latin America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 44: Latin America Market Value (US$ Million) Analysis by Technology Type, 2019 to 2034
Figure 45: Latin America Market Volume (Units) Analysis by Technology Type, 2019 to 2034
Figure 46: Latin America Market Value Share (%) and BPS Analysis by Technology Type, 2024 to 2034
Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Technology Type, 2024 to 2034
Figure 48: Latin America Market Value (US$ Million) Analysis by End Use, 2019 to 2034
Figure 49: Latin America Market Volume (Units) Analysis by End Use, 2019 to 2034
Figure 50: Latin America Market Value Share (%) and BPS Analysis by End Use, 2024 to 2034
Figure 51: Latin America Market Y-o-Y Growth (%) Projections by End Use, 2024 to 2034
Figure 52: Latin America Market Attractiveness by Technology Type, 2024 to 2034
Figure 53: Latin America Market Attractiveness by End Use, 2024 to 2034
Figure 54: Latin America Market Attractiveness by Country, 2024 to 2034
Figure 55: Western Europe Market Value (US$ Million) by Technology Type, 2024 to 2034
Figure 56: Western Europe Market Value (US$ Million) by End Use, 2024 to 2034
Figure 57: Western Europe Market Value (US$ Million) by Country, 2024 to 2034
Figure 58: Western Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 59: Western Europe Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 60: Western Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 61: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 62: Western Europe Market Value (US$ Million) Analysis by Technology Type, 2019 to 2034
Figure 63: Western Europe Market Volume (Units) Analysis by Technology Type, 2019 to 2034
Figure 64: Western Europe Market Value Share (%) and BPS Analysis by Technology Type, 2024 to 2034
Figure 65: Western Europe Market Y-o-Y Growth (%) Projections by Technology Type, 2024 to 2034
Figure 66: Western Europe Market Value (US$ Million) Analysis by End Use, 2019 to 2034
Figure 67: Western Europe Market Volume (Units) Analysis by End Use, 2019 to 2034
Figure 68: Western Europe Market Value Share (%) and BPS Analysis by End Use, 2024 to 2034
Figure 69: Western Europe Market Y-o-Y Growth (%) Projections by End Use, 2024 to 2034
Figure 70: Western Europe Market Attractiveness by Technology Type, 2024 to 2034
Figure 71: Western Europe Market Attractiveness by End Use, 2024 to 2034
Figure 72: Western Europe Market Attractiveness by Country, 2024 to 2034
Figure 73: Eastern Europe Market Value (US$ Million) by Technology Type, 2024 to 2034
Figure 74: Eastern Europe Market Value (US$ Million) by End Use, 2024 to 2034
Figure 75: Eastern Europe Market Value (US$ Million) by Country, 2024 to 2034
Figure 76: Eastern Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 77: Eastern Europe Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 78: Eastern Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 79: Eastern Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 80: Eastern Europe Market Value (US$ Million) Analysis by Technology Type, 2019 to 2034
Figure 81: Eastern Europe Market Volume (Units) Analysis by Technology Type, 2019 to 2034
Figure 82: Eastern Europe Market Value Share (%) and BPS Analysis by Technology Type, 2024 to 2034
Figure 83: Eastern Europe Market Y-o-Y Growth (%) Projections by Technology Type, 2024 to 2034
Figure 84: Eastern Europe Market Value (US$ Million) Analysis by End Use, 2019 to 2034
Figure 85: Eastern Europe Market Volume (Units) Analysis by End Use, 2019 to 2034
Figure 86: Eastern Europe Market Value Share (%) and BPS Analysis by End Use, 2024 to 2034
Figure 87: Eastern Europe Market Y-o-Y Growth (%) Projections by End Use, 2024 to 2034
Figure 88: Eastern Europe Market Attractiveness by Technology Type, 2024 to 2034
Figure 89: Eastern Europe Market Attractiveness by End Use, 2024 to 2034
Figure 90: Eastern Europe Market Attractiveness by Country, 2024 to 2034
Figure 91: South Asia and Pacific Market Value (US$ Million) by Technology Type, 2024 to 2034
Figure 92: South Asia and Pacific Market Value (US$ Million) by End Use, 2024 to 2034
Figure 93: South Asia and Pacific Market Value (US$ Million) by Country, 2024 to 2034
Figure 94: South Asia and Pacific Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 95: South Asia and Pacific Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 96: South Asia and Pacific Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 97: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 98: South Asia and Pacific Market Value (US$ Million) Analysis by Technology Type, 2019 to 2034
Figure 99: South Asia and Pacific Market Volume (Units) Analysis by Technology Type, 2019 to 2034
Figure 100: South Asia and Pacific Market Value Share (%) and BPS Analysis by Technology Type, 2024 to 2034
Figure 101: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Technology Type, 2024 to 2034
Figure 102: South Asia and Pacific Market Value (US$ Million) Analysis by End Use, 2019 to 2034
Figure 103: South Asia and Pacific Market Volume (Units) Analysis by End Use, 2019 to 2034
Figure 104: South Asia and Pacific Market Value Share (%) and BPS Analysis by End Use, 2024 to 2034
Figure 105: South Asia and Pacific Market Y-o-Y Growth (%) Projections by End Use, 2024 to 2034
Figure 106: South Asia and Pacific Market Attractiveness by Technology Type, 2024 to 2034
Figure 107: South Asia and Pacific Market Attractiveness by End Use, 2024 to 2034
Figure 108: South Asia and Pacific Market Attractiveness by Country, 2024 to 2034
Figure 109: East Asia Market Value (US$ Million) by Technology Type, 2024 to 2034
Figure 110: East Asia Market Value (US$ Million) by End Use, 2024 to 2034
Figure 111: East Asia Market Value (US$ Million) by Country, 2024 to 2034
Figure 112: East Asia Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 113: East Asia Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 114: East Asia Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 115: East Asia Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 116: East Asia Market Value (US$ Million) Analysis by Technology Type, 2019 to 2034
Figure 117: East Asia Market Volume (Units) Analysis by Technology Type, 2019 to 2034
Figure 118: East Asia Market Value Share (%) and BPS Analysis by Technology Type, 2024 to 2034
Figure 119: East Asia Market Y-o-Y Growth (%) Projections by Technology Type, 2024 to 2034
Figure 120: East Asia Market Value (US$ Million) Analysis by End Use, 2019 to 2034
Figure 121: East Asia Market Volume (Units) Analysis by End Use, 2019 to 2034
Figure 122: East Asia Market Value Share (%) and BPS Analysis by End Use, 2024 to 2034
Figure 123: East Asia Market Y-o-Y Growth (%) Projections by End Use, 2024 to 2034
Figure 124: East Asia Market Attractiveness by Technology Type, 2024 to 2034
Figure 125: East Asia Market Attractiveness by End Use, 2024 to 2034
Figure 126: East Asia Market Attractiveness by Country, 2024 to 2034
Figure 127: Middle East and Africa Market Value (US$ Million) by Technology Type, 2024 to 2034
Figure 128: Middle East and Africa Market Value (US$ Million) by End Use, 2024 to 2034
Figure 129: Middle East and Africa Market Value (US$ Million) by Country, 2024 to 2034
Figure 130: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 131: Middle East and Africa Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 132: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 133: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 134: Middle East and Africa Market Value (US$ Million) Analysis by Technology Type, 2019 to 2034
Figure 135: Middle East and Africa Market Volume (Units) Analysis by Technology Type, 2019 to 2034
Figure 136: Middle East and Africa Market Value Share (%) and BPS Analysis by Technology Type, 2024 to 2034
Figure 137: Middle East and Africa Market Y-o-Y Growth (%) Projections by Technology Type, 2024 to 2034
Figure 138: Middle East and Africa Market Value (US$ Million) Analysis by End Use, 2019 to 2034
Figure 139: Middle East and Africa Market Volume (Units) Analysis by End Use, 2019 to 2034
Figure 140: Middle East and Africa Market Value Share (%) and BPS Analysis by End Use, 2024 to 2034
Figure 141: Middle East and Africa Market Y-o-Y Growth (%) Projections by End Use, 2024 to 2034
Figure 142: Middle East and Africa Market Attractiveness by Technology Type, 2024 to 2034
Figure 143: Middle East and Africa Market Attractiveness by End Use, 2024 to 2034
Figure 144: Middle East and Africa Market Attractiveness by Country, 2024 to 2034
The market is set to reach USD 2.7 billion in 2024.
The flexographic printing machine market is expected to reach a value of USD 3.3 billion by 2034.
The market is in line to develop at a CAGR of 2.10 % from 2024 to 2034.
Stack press flexo machines top the market, with an expected share of 43.40% for 2024.
The market in India is expected to progress at a CAGR of 5.40% through 2034.
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