The Global Central Impression Type Flexographic Printing Machine Market is expected to exhibit strong growth, reaching USD 1.3 billion by 2030. As per the report titled “Central impression type flexographic printing machine Market Size, Share & COVID-19 Impact Analysis, By Type (High Speed and Medium Speed), By Application (Flexible Packaging, Pharmaceutical, Corrugated, Label Manufacturing and Others), and Regional Forecasts, 2023-2030” observes that the market size in 2022 stood at USD 0.9 billion and USD 1.3 billion in 2030. The market is expected to exhibit a CAGR of 6.40% during the forecast period.
Launched by BOBST is the VISION CI Flexo Press, which is Intended to Provide the Best Performance
In October 2019, the BOBST VISION CI flexo press was introduced. It is intended to provide the most effective performance for all production lengths on a variety of substrates. It is quick to set up and changeovers, has technological advancements, and automation that ensure repeatable process consistency, minimal waste, and simple manufacturing.
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Technological Advancement in Central Impression Type Flexographic Printing Machine to Drive Market Growth
A key trend that is becoming increasingly popular in the market for central impression type flexographic printing is technological improvement. Major flexographic printing companies are concentrating on creating innovative technology solutions to meet consumer demand and improve their position. For instance, MPS, a US-based manufacturer of flexo, offset, and hybrid printing presses for the flexible packaging and label converting industries, introduced E-Sleeve technology to enhance print productivity and quality. The technology features consistent parallelism for the perfect register along the full print length, pressure settings, exact concentric runout qualities, higher dimensional accuracy for the best register, and more.
COVID-19 Impact on the Market to Limit Market Growth
The COVID-19 outbreak had restricted the area market's growth. Despite this, the region has been recovering from the pandemic due to a number of government initiatives, including massive COVID-19 vaccination programmes and a return to pre-pandemic levels of economic activity. The food and beverage industries and the pharmaceutical business both saw enormous growth due to COVID-19. On the supply side, the suppliers, however, experienced issues locating the raw materials for the machines because of logistical issues. These actions will aid the market expansion for central impression type flexographic printing machines throughout the course of the anticipated year.
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Major Players Develop Acquisition Plans to Boost Brand Image
The leading businesses in the central impression type flexographic printing machine market plan acquisitions to improve their brand recognition globally. For instance, in September 2019, A 670mm (26in) width flexo press called Omet introduced the XFlex X7 for the production of shrink sleeves and flexible packaging. Another innovative element of the press is Omet's High-Value Rotogravure (HVR) print unit. Thus fueling the market expansion for central impression type flexographic printing machines.
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List of Key Players Profiled in the Report
- Taiyo Kikai
- BFM srl
- WINDMOELLER_HOELSCHER
- Comexi
- KBA-Flexotecnica S.p.A.
- XIOAN AEROSPACE-HUAYANG
- UTECO
- Lohia Corp Limited
- Omso
Further Report Findings
- The market in North America is expected to gain a huge portion of the global central impression type flexographic printing machine market share in the coming years. because of the large number of prominent market players, sizeable initial investments, technological advancements, adoption of new technologies, and other factors in North America.
- Rapid urbanisation and rising incomes fuel the need for packaged foods, causing the market to grow.
- In the Asia Pacific, the growth in this region is primarily driven by increased labor costs are more affordable, and production prices for raw materials and supplies are lower.
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