Flexography Printing market to witness steady growth
According to market research carried by independent institutions observed the growth in manufacturing of Flexographic Printing Machines. With the innovations in automation and production of newspaper and consumer goods are the factors for demand increasing in Flexographic Printing Machines. From the year 2018 the flexography market is growing and reached the value of 1.9 billion USD. The reason behind demand is the advancement in motion technology and rising demand due to urbanization in developing countries such as India and China. Another reason is population growth which also plays a vital role in production of flexographic machines.
What is Flexography?
Before flexography letterpress is used. Flexography printing is an advance version of it. The printing method is used for almost any type of substrate which includes plastic, label stock, fabric, cellophane, corrugated cardboard, metallic film, etc. There is quick-drying, semiliquid inks are used in the flexo printing machine.
It has flexible photopolymer printing plates that wrapped around the rotating cylinders on web press. These inked plates are slightly upwards to transfer image at high speed on substrate. The flexography inks can be print on absorbent and nonabsorbent materials. It is suitable for continuous printing processes like wall paper and wrap.
The flexographic printing uses flexible relief plate. It is widely used for non-porous materials like plastic, foil, brown paper, packaging materials and food paper.
For the past few years Flexographic Machines are very popular all over the world. The flexographic printing is economical option for digital printing for medium to long printing applications with multiple color combinations. It is widely popular to print large orders in minimum time. Flexographic print has high printing speed and less cost than digital label printers.
With the flexographic printing operator can print multiple labels without extra cost. With this production cost will be minimized of labels for packed food products, kitchenware, chemical labels, apparels, toiletries and many more.
Flexographic Printing Machine Market Outlook
The global market value of flexographic in 2018 is $35.76 billion USD to increase to $40.11 billion USD in 2023.
Focused area of flexographic printing is food, medical, beverage, industrial, bag and others.
The growth behind the flexographic printing is need of flexible packaging required by customers. There is also a reason of demand for low cost packaging solution for food and beverage industries.
As of the product type, the inline flexographic printing machine will reach 57.8% share by the end of 2028. As per the current trend, the six color and above segments are most popular in global flexographic printing machine category with the estimated value of $3 billion USD.
In 2018, China and other Asian countries are important for flexographic printing machine with more than 28% global market share. With the advancements in the flexographic printing machines technology for electronic product applications are in huge demand in APEJ, China and North America.
With the increasing demand in the local market, the leading manufacturers of flexographic join hand with regional flexographic printing machine manufacturers to supply world class technology at regional level. Some of the world leaders in flexographic printing machines are Bobst, Gallus, Koeing & Bauer, Komoroi, Mark Andy, Windmoeller & Hoelscher, Barry-Wehmiller, etc.
The global printing industry have reached $411 billion USD in 2020 and is changing. With the many publications turns into electronic versions like E-books, e-newspaper and magazines. The directories, catalogues and brochures have also an electronic versions. The continuous growth in social media, observe the decline in print products. The packaging and labels are the exceptions and demand is growing day by day for it.
The main sectors of print products are packaging and publication printing. The newspaper printing is major in publication printing. The growth is observed in the packaging printing and it is increased 7.8% from 2012 to 2017.
In India, the package printing sector has reached from 53,374 crore in 2012 to 77,714 crore in 2017 and has 43% of share in sales in total print products in 2017.
The label and tags printing are the growing sectors of package printing at the rate of 11%. The reason behind is the growing demand in the middle class and India.
India’s publishing printing market is grow from 20,859 crore in 2012 to 27,607 crore in 2017. It is because of population growth, rise in literacy rate and also the growth in economy.
The flexographic printing machine & Rotogravure printing machine manufacturer are same in Industry. They are working hard to increase the manufacturing of machine and shipped to the customers worldwide to meet the demand of new flexographic printing machines. Also the new products like labeling, packaging, food and beverages are added to flexographic machine market.