Global Flexographic Printing Machine Market Is Driven By Increasing Demand For The Machine In Packaging Industrydate_range
Flexographic printing machine is used for printing on various types of substrates such as plastic, metallic films, paper, cartons, labels, and others. Flexographic printer requires low maintenance and low-cost consumables. The printing machine is suited for long runs at high speed and can handle printing, varnishing, laminating, and die cutting in a single pass. In flexographic printing machine, flexible plates made up of photopolymer compound are used for rotary printing process. The printer uses water-based inks, solvent-based inks, ultraviolet curing inks, electron beam curing inks, and others. The wide-width flexographic printers are used for packaging purpose whereas narrow-width flexographic printers are used for manufacturing of labels.
Flexographic printing machine is used in flexible packaging materials such as food bags, beverage cartons, disposable cups, retail and shopping bags, etc. Increasing demand for labels and corrugated boards coupled with growing e-commerce and retail sectors have a positive impact on the global market. Increasing R&D to print on electronic circuits and solar cells through flexography and development of new flexographic printers with servo-driven, shaftless technology are about to create new revenue opportunities for manufacturers operating in the target market. High cost of flexo printing plates, initial time consumption to set the machine, and increasing digitalization, coupled with increasing popularity of digital advertising, are factors challenging the demand for flexographic printing machine to a certain extent.
Flexographic printing machine is mainly of two types such as unit-type machine and central impression. The central impression printing machines are widely used owing to its cutting edge technology and high standards of manufacturing which ensures premium quality of print. In central impression printers, the printing decks are arranged in an impression cylinder of large diameter which consists of a sleeve in order to support the substrate when the printing plate is pressed towards the substrate.
Flexographic printing machine is used in various applications such as flexible packaging, label manufacturing, and corrugated. The corrugated is widely used in E-commerce sector for packaging of products. Increasing preference for online shopping among consumers owing to less time consumption and busy lifestyle is a factor augmenting growth of the global market.
- By Type
- By Region
- By Application
Increasing usage of flexographic printing machine in various industries for wide variety of substrate materials and growing demand for packaging of consumer goods are factors augmenting demand for these printers in Asia Pacific region. Growing population, coupled with high disposable income, growing E-commerce sector, and low cost raw materials in developed and developing countries such as China and India have led to an increase in demand for flexographic printing machine in the Asia Pacific region.
The worldwide market for flexographic printing machine is expected to grow at a moderate CAGR of around 4.7% over the forecast period and will be valued at US$ 3,064.9 Mn in 2028, from US$ 1,939.4 Mn in 2018.
Some of the prominent players operating in the target market include BOBST, PCMC, Heidelberger Druckmaschinen AG, Mark Andy, Nilpeter, UTECO, Comexi, KBA-Flexotecnica S.p.A., WINDMOELLER & HOELSCHER, OMET, Rotatek, Weifang Donghang, Ekofa, Taiyo Kikai, XIAN AEROSPACE-HUAYANG, Omso, Lohia Corp Limited, and bfm S.r.l.