The Latin America, Middle East and Africa Flexographic Printing Market would witness market growth of 5.1% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 14,322 units, showcasing a growth of 8.8% (2023-2030).
Flexographic printing, or flexo printing, is a versatile and cost-efficient printing method that employs flexible relief plates made of elastomer or photopolymer materials. It is known for its ability to print on various substrates, including paper, plastic, film, and various packaging materials. The market is experiencing steady growth, propelled by the growing demand for packaging materials and labels across multiple industries, such as food and beverage, pharmaceuticals, and consumer goods. Flexo printing offers several advantages, including high-speed printing, excellent print quality, and the ability to use various inks (water-based, solvent-based, UV-curable) and coatings. It is also suitable for large print runs.
The market is seeing technological advancements, including plate-making process improvements, computer-to-plate (CTP) technology use, and the adopting of automation and digital printing technologies to enhance efficiency and print quality. There has been a growing emphasis on sustainability in the printing industry, including flexographic printing. Water-based and UV-curable inks have gained popularity due to their lower environmental impact than solvent-based ones.
Latin America has a growing consumer market with increasing demand for packaged goods. This drives the need for various types of packaging materials, including flexible packaging, labels, corrugated boxes, and more, all of which can be produced using flexographic printing. According to the International Trade Administration, by 2031, the UAE intends to increase manufacturing by 30% globally and increase GDP by $6.8 billion. The UAE's manufacturing industry produces consumer goods like beverages, food, personal care items, and household products. As the UAE continues to attract foreign acquisition and expand its manufacturing capabilities, the demand for packaging and printing services, including flexographic printing, is expected to increase, driving further market growth. These factors led to the expansion of the market in this region.
The Brazil market dominated the LAMEA Flexographic Printing Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $225.4 million by 2030. The Argentina market is showcasing a CAGR of 8% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 7.1% during (2023 - 2030).
Based on Application, the market is segmented into Corrugated Packaging, Flexible Packaging, Labels & tags, Cartons and Others. Based on Offering, the market is segmented into Flexographic Printing Ink (Water-based, Solvent-based, and Energy Curable) and Flexographic Printing Machine (Wide Web, Medium Web and Others). Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Flexographic Printing Market is Projected to reach USD 11.6 Billion by 2030, at a CAGR of 4.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Mark Andy, Inc. (AIP, LLC), MPS Systems B.V. (Capital-A), Nilpeter A/S, Koenig & Bauer AG, Tresu Investment Holding A/S (Altor Digital AB), Codimag, Anderson & Vreeland Inc., Bobst Group SA, Edale Ltd (Canon Production Printing) and Barry-Wehmiller Group, Inc.
By Application
By Offering (Volume, Units/Kilo Tonnes, USD Million, 2019-2030)
By Country
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