The flexographic printing market is projected to grow from USD 8.7 billion in 2023 and is expected to reach USD 10.6 billion by 2028, growing at a CAGR of 4.1% from 2023 to 2028. Flexographic printing is the most popular technology for packaging printing, and the increasing growth of the packaging industry is also propelling the growth of the flexographic printing market. The growth of the packaging industry can be attributed to growing trends such as booming e-commerce and online shopping, due to which there has been a surge in demand for packaging material to protect and deliver the products.
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.
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For instance, in August 2022, Windmöller & Hölscher (W&H) launched the VISTAFLEX II, which is a CI flexographic press with wide-web press that could run jobs 24/7 with a speed of up to 800 m/min (2,620 ft/min) with quick and easy job changeovers. Moreover, this version has been launched with technical upgradation and a modern look.
In June 2023, Mark Andy Inc. (US) and Lemu Group (Spain) introduced a partnership to offer Mark Andy Inc. an automation and inline roll-finishing flexo and digital press technology. The collaboration offers label converters the MA-GTU automatic turret plus additional automation with “unwind to palletizer” printing and converting solutions.
Bobst is one of the leading machinery and equipment providers for the packaging and label industries. It develops and manufactures equipment to produce folding cartons, corrugated boards, flexible materials, and labels. The company offers a wide range of products and services that cater to the needs of packaging manufacturers and converters. The company product portfolio includes flexographic and gravure printing presses, laminators, die-cutters, folder-gluers, and other related equipment. It also caters to customers in various regions, including Europe, North America, Latin America, Asia-Pacific, the Middle East, and Africa. It focuses on innovation and to strengthen its products portfolio and invests significantly in research and development activities. Additionally, the company is committed to reducing its environmental impact and promoting sustainable practices within the packaging industry.
Mark Andy, Inc. is a well-known manufacturer of printing and converting equipment for the label and packaging industry. The company provides solutions for label printing, flexible packaging, and converting applications. It offers a wide range of printing and converting equipment. The product portfolio includes flexographic and digital label presses, hybrid printing solutions that combine flexo and digital technologies, rotary screen presses, converting equipment, and various accessories and consumables for label and packaging production. Mark Andy Inc. serves its customers across various regions such as North America, Europe, and Asia Pacific, and has been expanding its reach to meet the increasing demand for printing and converting solutions.
Flexographic Printing Market by Offering (Flexographic Printing Machine, Flexographic Printing Ink) Application (Corrugated Packaging, Flexible Packaging, Labels & Tags), Automation Type( Automatic, Semi-automatic) Region - Global Forecast to 2028
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