The Flexographic Printing Market is expected to develop steadily, reaching a value of USD 10.6 billion by 2028 from USD 8.7 billion in 2023. Over the course of the forecast period, this projected growth translates into a Compound Annual Growth Rate (CAGR) of 4.1%.
Because of its affordability and adaptability, flexographic printing is still the go-to option in a number of industries, including printing, labelling, and packaging. The market is expected to grow due to factors such rising demand for packaging solutions, particularly in the food and beverage industry, and improvements in print quality and efficiency brought about by innovations in flexographic printing technology. Additionally, as companies prioritise sustainability in their operations, the growing adoption of eco-friendly printing processes is anticipated to further push market expansion.
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The packaging sector's growth is directly linked to the rise of flexographic printing, which is the industry leader in packaging printing technology. The sturdy packaging solutions that are required to safeguard and transport products to consumers have become increasingly necessary due to the burgeoning e-commerce and online shopping trends. This has resulted in a surge in demand for packaging materials. Companies are looking for dependable and affordable printing solutions to fulfil the growing need for packaging materials as the e-commerce industry expands. Flexographic printing stands out as the best option in this situation because of its adaptability, effectiveness, and capacity to produce prints of excellent quality on a range of substrates utilised in packaging.
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Major players in the flexographic printing market include Bobst (Switzerland), Mark Andy Inc. (US), Nilpeter A/S (US), Amcor Plc (Australia), Windmöller & Hölscher (Germany), Heidelberger Druckmaschinen AG (Germany), MPS Systems B.V. (Netherlands), Aim Machinetechnik Pvt. Ltd (India), Rotatek (Spain), Koenig & Bauer AG (Germany) and Comexi (Spain). New product launches, collaborations, and acquisitions were the key strategies adopted by the players in the flexographic printing market ecosystem to enhance their product portfolios, increase their market share, and expand their presence in the flexographic printing market.
Windmöller & Hölscher (W&H) debuted the VISTAFLEX II, a state-of-the-art CI flexographic press, in August 2022. It was created to satisfy the needs of the industry. This wide-web press can run continuously for 24 hours a day, 7 days a week, and can reach amazing rates of up to 800 metres per minute (2,620 feet per minute). Notably, the VISTAFLEX II raises the bar for effectiveness by providing quick and easy job switches to increase output. This most recent version of the press exhibits cutting-edge technological improvements and a modern design in addition to its remarkable performance, showcasing W&H's dedication to innovation and satisfying the changing demands of the flexographic printing industry.
Lemu Group (Spain) and Mark Andy Inc. (US) announced a strategic alliance in June 2023 with the goal of expanding Mark Andy Inc.'s capabilities in digital press technology, automation, and inline roll-finishing flexo. Through this partnership, label converters will have access to state-of-the-art products and services that combine the knowledge and creative solutions of both businesses. The integration of the cutting-edge MA-GTU automatic turret with further automation capabilities like “unwind to palletizer” printing and conversion solutions is one of the partnership's main attractions. Label printing and converting will undergo a revolution thanks to this mix of cutting-edge automation and roll-finishing capabilities, which will provide converters with previously unheard-of levels of productivity, efficiency, and operational flexibility.
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Bobst is a well-known company in the machinery and equipment market, with a focus on the label and packaging sectors. The company is well-known for its dedication to innovation and provides a wide range of goods and services that are specifically designed to meet the needs of package producers and converters across the globe. Its product line includes die-cutters, folder-gluers, laminators, flexographic and gravure printing machines, and other necessary machinery for packaging manufacturing. Serving a global clientele, Bobst operates in several regions, including Europe, North America, Latin America, Asia-Pacific, the Middle East, and Africa. Bobst places a high priority on research and development and works hard to expand its range of products so that it may stay at the forefront of industry technical breakthroughs.
Mark Andy, Inc. is a well-known producer of printing and converting equipment, specialising in serving the label and packaging industries. The business, which is well-known for providing all-inclusive solutions, handles a variety of requirements in the fields of flexible packaging, label printing, and conversion applications. Its broad range of products includes rotary screen presses, digital and flexographic label presses, hybrid systems that combine flexo and digital technologies, conversion equipment, and a variety of consumables and accessories needed for label and packaging manufacturing. Serving customers in North America, Europe, and the Asia-Pacific region, Mark Andy Inc. maintains a global presence and keeps growing to adapt to the changing needs of the printing and converting industry.
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