According to a new report, published by KBV research, The Global Flexographic Printing Market size is expected to reach $11.6 billion by 2030, rising at a market growth of 4.7% CAGR during the forecast period. In the year 2022, the Flexographic Printing Machine market attained a volume of 1,42,709 Units experiencing a growth of 4.9% (2019-2022).
The Corrugated Packaging segment is leading the Global Flexographic Printing Market by Application in 2022 thereby achieving a market value of $4.5 Billion by 2030. Corrugated packaging, often called corrugated board or cardboard, is widely used for shipping boxes, retail packaging, and point-of-purchase displays. Corrugated packaging materials are typically made of corrugated board, which consists of two flat liner board layers and a fluted (wavy) inner layer. Flexographic printing can easily accommodate this type of substrate.
The Flexographic Printing Machine segment is expected to witness a CAGR of 5.3% during (2023 - 2030). A flexographic printing machine, often referred to as a flexo press or flexo printing press, is a type of printing equipment used for the flexographic printing process. Flexographic printing is a versatile and widely used method for printing on various substrates, including paper, plastic, film, and labels. Flexo presses are commonly used in the packaging, labeling, and converting industries because they produce high-quality prints at high speeds.
The Asia Pacific region dominated the Global Flexographic Printing Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $4.6 Billion by 2030. The Europe region is anticipated to grow at a CAGR of 4.2% during (2023 - 2030). Additionally, The North America region would witness a CAGR of 4% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/flexographic-printing-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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 Geography
Companies Profiled
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