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According to Technavio's analyst, the flexographic printing machine market size is expected to be valued at USD 502.93 million by 2026 with a progressing CAGR of 6.14%.
One of the key highlights of the flexographic printing machine market research report is the post COVID-19 impact analysis on the market, which will help companies evaluate their business approaches for the forecast period.
The flexographic printing machine market report also offers information on several market vendors, including Barry-Wehmiller Group Inc., BFM Srl, Bobst Group SA, Comexi Group Industries SAU, Edale Ltd., Heidelberger Druckmaschinen AG, Koenig and Bauer AG, LohiaGroup, Mark Andy Inc., MPS Systems BV, NILPETER A/S, OMET Srl, OMSO SpA, ORIENT SOGYO Co. Ltd., ROTATEK Printing Machinery SLU, Star Flex International, TAIYO KIKAI LTD., Uteco Converting Spa, Windmoller and Holscher KG., Wolverine Flexographic Mfg Co., and XiAn Aerospace Huayang Mechanical and Electrical Equipment Co. Ltd. among others.
The flexographic printing machine market has been broadly categorized into the following demographic segmentations:
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Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The high demand volumes from the packaging industry is notably driving the flexographic printing machine market growth, although factors such as fluctuation in raw material prices may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the flexographic printing machine industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Flexographic Printing Machine Market Driver
The high demand volumes from the packaging industry is one of the key drivers fueling the flexographic printing machine market growth. Packaging is a primary tool used to attract the attention of buyers. Meanwhile, increasing internet penetration on the other hand has positively impacted the market. Due to the increasing number of internet users, there has been a wide increase in online purchases as well. This has strengthened the global packaging market. Online retailers or e-commerce companies are using different types of corrugated boxes and packaging techniques as per the properties of the products transported. Thus, the growing population, coupled with the rising demand for consumer goods and the increase in disposable income in developing countries is expected to drive the demand for flexographic printing machines during the forecast period.
Key Flexographic Printing Machine Market Trend
The increasing popularity of flexo-digital hybrid label printing solutions is one of the key flexographic printing machine market trends contributing to the market growth. Hybrid solutions offer the benefits of both flexographic printing and digital technologies. Flexography enables the addition of primers, metallics, spot colors, and cold foils, whereas digital printing technology offers high efficiency, such as the ability to run multiple versions and colors in a single pass. Significantly, flexo-digital hybrid label printing solutions allow printing companies to enhance productivity and increase the throughput and quality of printing. For instance, MPS Systems offers the MPS EF SYMJET, which is a flexo-digital hybrid label printing solution with a fully automated MPS EF platform and an integrated Domino N610i digital ultraviolet (UV) inkjet label press. Such instances are fueling the flexographic printing machine market growth.
Key Flexographic Printing Machine Market Challenge
Fluctuation in raw material prices is one of the challenges limiting the flexographic printing machine market growth. Primary raw materials used in flexographic printing are substrate and ink. Subsequently, the oil and gas industry is one of the principal suppliers of the raw materials of flexographic printing ink. However, fluctuations in the prices of crude oil have a severe effect on the prices of raw materials, thereby affecting the costs of flexographic printing machines. To avoid fluctuation in prices of the final product, vendors generally include price adjustment clauses in sales contracts. Moreover, as these clauses generally mitigate risks, high prices, and supplies of raw materials, they still might impact the client's demand for the final product. Thus, the uncertainty of pricing and costs incurred by vendors and the challenge of passing these expenses to clients will negatively impact the market for flexographic printing machines.
This flexographic printing machine market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global flexographic printing machine market as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the flexographic printing machine market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the flexographic printing machine market encompasses successful business strategies deployed by the key vendors. The flexographic printing machine market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The flexographic printing machine market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the flexographic printing machine market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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28% of the market's growth will originate from Europe during the forecast period. Germany and France are the key markets for the flexographic printing machine market in Europe. Market growth in this region will be faster than the growth of the market in North America.
The increase in production and consumption of flexible packaging products will facilitate the flexographic printing machine market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The outbreak of COVID-19 had hindered the growth of the market in the region. However, the region has been recovering from the pandemic due to numerous government initiatives such as mass COVID-19 vaccination drives and economic activities returning to pre-pandemic levels. These initiatives will foster the flexographic printing machine market growth during the forecast period.
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The flexographic printing machine market share growth by the flexible packaging segment will be significant during the forecast period. The change in food habits, with a preference for packaged foods, has propelled the food packaging market in the past. Moreover, the growing shift toward the consumption of easy-to-cook food products and beverages increases the demand for flexible packaging. This is expected to drive the demand for flexographic printing machines during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the flexographic printing machine market size and actionable market insights on post COVID-19 impact on each segment.
Rotogravure Printing Machine market - The market share is expected to increase to USD 339.56 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 3.1%.
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Flexographic Printing Machine Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.14% |
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Market growth 2022-2026 |
$ 502.93 million |
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Market structure |
Fragmented |
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YoY growth (%) |
5.67 |
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Regional analysis |
Europe, North America, APAC, South America, and Middle East and Africa |
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Performing market contribution |
Europe at 28% |
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Key consumer countries |
US, China, Japan, Germany, and France |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Barry-Wehmiller Group Inc., BFM Srl, Bobst Group SA, Comexi Group Industries SAU, Edale Ltd., Heidelberger Druckmaschinen AG, Koenig and Bauer AG, LohiaGroup, Mark Andy Inc., MPS Systems BV, NILPETER A/S, OMET Srl, OMSO SpA, ORIENT SOGYO Co. Ltd., ROTATEK Printing Machinery SLU, Star Flex International, TAIYO KIKAI LTD., Uteco Converting Spa, Windmoller and Holscher KG., Wolverine Flexographic Mfg Co., and XiAn Aerospace Huayang Mechanical and Electrical Equipment Co. Ltd. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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