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The flexographic printing machine market size is forecast to increase by USD 591.49 million at a CAGR of 6.33% between 2023 and 2028.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The market experiences significant growth in the packaging industry, primarily due to the increasing demand for flexible packaging in various sectors. Beverages and personal care items are major consumers of this type of packaging, as it offers superior barrier properties against moisture, oxygen, and light. Flexible packaging's ability to protect content from external factors is a key factor driving its popularity. Manufacturers and retailers benefit from its lightweight nature, which reduces transportation costs. Packaging printing companies leverage advanced flexographic printing technologies to produce high-quality, customized designs on these flexible packages, further enhancing their appeal.
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The flexible packaging segment was valued at USD 764.22 million in 2018 and showed a gradual increase during the forecast period.
Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market in Europe, particularly Western Europe, has attained maturity due to the widespread use of smartphones and digital devices for e-reading. This region's shift from print to eBooks is evident in the increasing adoption of electronic devices for reading in countries like Germany and France. In the educational sector, the European Union (EU) has made significant strides in digitalizing education through initiatives like the Digital Agenda, which is one of the seven pillars of the Europe 2020 Strategy. Regarding the flexographic printing industry, this technology employs various components such as ink rollers, meter rollers, plate cylinders, and impression cylinders.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
High demand volumes from packaging industry is the key driver of the market.
Increasing demand for flexo-digital hybrid label printing solutions is the upcoming trend in the market.
Fluctuation in raw material prices for flexographic printing machines is a key challenge affecting the market growth.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Flexographic printing machines have gained significant traction in the printing industry due to their versatility and ability to print on various substrates. The market for these machines is driven by the increasing demand for flexible packaging and labels. The printing technology offers several advantages such as high print quality, fast production speeds, and cost-effectiveness. Flexible packaging and labels are widely used in various end-use industries including food and beverage, pharmaceuticals, and cosmetics. The growing consumer preference for convenient and portable packaging solutions is fueling the demand for these printing machines. Moreover, the ongoing trend towards sustainable packaging is also expected to boost the market growth.
Furthermore, the market for flexographic printing machines is segmented based on machine type, application, and end-use industry. The market is highly competitive with key players focusing on product innovation and expansion of their product portfolio to cater to the evolving market demands. The future outlook for the market is promising with several trends such as the increasing adoption of digital technologies and the growing demand for eco-friendly printing solutions. These trends are expected to provide new opportunities for market players and drive the growth of the flexographic printing machines market.
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Market Scope |
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Report Coverage |
Details |
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Page number |
168 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.33% |
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Market growth 2024-2028 |
USD 591.49 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
6.15 |
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Key countries |
US, China, Japan, Germany, and France |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 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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