Flexographic Printing Market worth $10.6 billion by 2028

CHICAGO, Sept. 11, 2023 /PRNewswire/ — The flexographic printing market is projected to grow from USD 8.7 billion By 2023, the goal is to reach US $10.6 billion by 2028, growing at a CAGR of 4.1% from 2023 to 2028 according to a new report by MarketsandMarkets™. As the packaging market continues to grow, it is influenced by trends like the growing e-commerce and online shopping industries. This has led to a rise in the demand for packaging materials for protection and delivery. Flexographic printing is widely used for packaging printing. This factor has also led to the growth of flexographic market.

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Flexographic Printing Market Report Scope:

In the forecast period, the market for flexographic printing on corrugated packaging will continue to grow at a rapid pace.

During the forecast period, the corrugated packaging market is expected to dominate the flexographic print market. Corrugated cardboard boxes are used frequently for shipping and storing goods. By applying flexographic printing, manufacturers and retailers can directly print product information, logos and barcodes onto these boxes. The manufacturers can also customize the packaging by customizing the colors and graphics according to their brand identity and the product they are packaging.

The market for wide-web flexographic printers is expected to have the largest share of the market during forecast period.

Wide web flexographic print involves the use of flexographic technologies to print on substrates that are significant in width. This market segment is well-known for its ability to efficiently produce large-scale packaging and printed products. Wide-web printing is used for its ability of producing a large amount of printed materials in a short period of time. This makes it ideal for industrial applications, such as packaging materials for bulk goods (grains and cement). The cost is lower for large print runs because of the scale benefits. It can be combined with digital printing for variable data, customization and personalization.

Flexographic printing is expected grow the fastest in the flexible packaging application market over the forecast period.

Flexible packaging is any type of packaging made out of materials that are flexible and can be easily folded, molded or bent. This type of packaging offers many benefits, including convenience, preservation and sustainability. Flexible packaging has a broad range of applications in industries and sectors, such as pharmaceuticals, food, beverages, personal-care products, and other. Materials used in flexible packaging include plastic films and aluminum foils, as well as paper and laminates. They combine to provide structures that have barrier properties, protecting the contents against moisture, oxygen and light. Flexible packaging allows its manufacturers to create packaging that meets the needs of their product, whether they need it to be resealable or portioned.

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Asia Pacific In the forecast period, the flexographic market is expected to grow at the fastest rate.

Asia Pacific The region is expected have the largest share of the flexographic print industry over the forecast period. China, Japan, South Korea. India The United States and Canada are two of the most important countries in the Asia Pacific Market for flexographic print. This growth is due to the increasing demand of packaging companies for quality, efficiency and innovation. Low energy prices and the availability of abundant cheap labor have helped packaging printing companies grow.

Bobst, one of the most prominent flexographic printers in the world (SwitzerlandAmcor Plc.Australia), Windmöller & Hölscher (Germany), Heidelberger Druckmaschinen AG (Germany), (MPS Systems B.V. (Netherlands), Aim Machinetechnik Pvt. Ltd.IndiaRotatekSpain), Koenig & Bauer AG (GermanyComexiSpain), Uteco (ItalyCodimagFrance), Gaullus (Switzerland), Tresu Group (Denmark), Komori Corporation (JapanNuova GidueItaly), Omet Group (ItalyThere are a few key companies that operate in the flexographic print market.

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