Flexographic Printing Machine Market

Flexographic Printing Machine Market Outlook from 2024 to 2034

The flexographic printing machine market is set to be worth USD 2.7 billion in 2024. By 2034, the market is inclined to expand to USD 3.3 billion, covering a CAGR of 2.10% through 2034.

Growth Drivers of the Flexographic Printing Machine Market

• Growing demand for sustainable printing solutions to reduce the environmental footprints of manufacturers fuels the market. Eco-friendly printing being widely used in the food and beverages, healthcare, and consumer goods sectors, following the packaging machinery market trends, also invokes the demand for these machine.
• Flexographic printing machines are most commonly used for printing purposes in print media, office and administrative use, and industrial applications owing to the high printing speed and applicability on a variety of surfaces and water-based and oil-based inks. Another factor attributed to influencing the growth of the market is the need to offer additional specific information about the product's usage and handling.
• Emerging opportunities in the printing machinery industry are due to its ability to print on a wide range of substrates. Thus, the adoption by small and medium-sized businesses with consumer preferences for flexographic printing machines in the market has surged due to its versatility and affordability.
• Expansion of the eCommerce industry, rising demand for digital printing plates, and advancements using automation and robotics are the industry growth factors for printing equipment. According to a regional analysis of the market, Asia Pacific and Latin America are lucrative regions for these machines.

Attributes	Key Statistics
Expected Base Year Value (2024)	USD 2.7 billion
Anticipated Forecast Value (2034)	USD 3.3 billion
Estimated Growth (2024 to 2034)	2.10% CAGR

Causes Depreciating the Flexographic Printing Machine Market

Apart from the market perception of the quality and speed of flexo printing machines, there are some factors that deter the growth of the market. Factors like the increasing popularity of gravure printing machines offering high-quality printing at lower cost and the growing adoption of digital printing technologies pose market growth challenges.

Fluctuations in the prices of raw materials, such as inks, plates, and other consumables, affect the profit margins of manufacturers. Also, the high cost of flexographic printing machines deters small manufacturers from investing in them. The requirement for skilled operators to operate and maintain these machines is another drawback faced. Limited printing width, lack of standardization, and disruptions in the global supply chain are among several factors leading to the market plunge.

Category-wise Insights

Highly Efficient and Cost-effective Nature of Stack Press Curates the Market Growth

Stack press product type has gained a significant market share due to its superior performance and low operational costs. With an expected market share of 43.30% for 2024, the stack press product type is set to continue dominating the market for the foreseeable future.

Attributes	Details
Product Type	Stack Press
Market Share (2024)	43.40%

Stack press machines are ideal for printing on various substrates, like plastic films, paper, and corrugated boards. They are also capable of printing multiple colors in a single pass. This makes them highly efficient and cost-effective. Stack press machine is highly flexible and can be easily customized to meet customer’s needs of different applications.

Increasing demand for flexible packaging solutions in industries like food and beverages, healthcare, and consumer goods is slated to drive the market in the coming years. Manufacturers are investing heavily in the development of advanced stack press machines that offer higher efficiency and enhanced sustainability features.

Manufacturers Looking to Reduce their Environmental Footprint Using Flexographic Printing Machines

Rising demand for sustainable packaging solutions is augmenting the growth of the flexographic printing machine market. With increasing awareness about environmental issues, consumers are looking for eco-friendly alternatives to traditional packaging materials. This, in turn, is driving the packaging use of the machines, with an anticipated share of 37.90% for 2024.

Attributes	Details
End Use	Packaging
Market Share (2024)	37.90%

Flexographic printing machine offers a range of sustainable printing solutions, including water-based inks, UV-curated inks, and solvent-free laminates. This makes them a preferred choice for manufacturers looking to reduce their environmental footprints. Thus, demand for these machines in the packaging industry has promise.

Country-wise Insights

Countries	CAGR from 2024 to 2034
India	5.40%
China	4.70%
Thailand	4.10%
Spain	2.40%
South Korea	2.40%

Widening of the eCommerce Market in India has Contributed to the Flexo Printing Machine Market Growth

Continuous widening of the eCommerce market in Asia-Pacific regions, especially in India, has impacted the lucrative growth of flexographic printing machines. Manufacturers are expanding their presence in India through new alliances and collaborations.

For instance, in June 2019, Flipkart relocated a significant portion of manufacturing and sourcing for private labels to India from China and Malaysia to lower costs and comply with the government's Make in India norms. The packaging sector is enormously expanding in India with cheaper labor costs and reduced production prices of raw materials and supplies. The market is thus in line to set a CAGR of 5.40% from 2024 to 2034 in India.

Technological Advancement through Robotics Automation in China’s Packaging Segment

Developing industrial sector in China has poised the market for growth. With a CAGR of 4.70% through 2034, China is expected to hold its position through elevated printing across numerous domains.

Technological advancement through robotics automation in the packaging segment has also influenced the market of the flexo printing machines industry in China. The trend of sustainability and maintaining low carbon footprints has played a vital role in the expansion of these printing machines.

The growing logistics industry in China is another factor attributing to the market growth. As print media is essential for communicating between manufacturers and consumers, shipping companies facilitate the rising sale of these machines in China.

Consumers Awareness Regarding Food Labels in Thailand Sparring Market Expansion

With the accelerated development and proliferation of microcomputer and software technologies, automation in the printing industry is accelerating the adoption of flexo printing equipment in Thailand. Expected to establish a CAGR of 4.10% from 2024 to 2034, manufacturers are implementing advanced technologies to boost the market.

Thailand's growing food and beverages industry due to tourism has also impacted the market growth in various ways. Consumers are becoming warier of false labeling, which has raised the need for clear and trustworthy food labels. Thus, the industry’s growth in Thailand is aided.

Export of Pharmaceuticals and Packaging Goods in Spain Augmenting the Market

Expansion of online shopping in Spain in sectors like healthcare, cosmetics, clothing, and overall consumer goods is predicted to boost the market growth. With a CAGR of 2.40%, Spain is anticipated to be in the running race in market trends driving innovation in flexographic printing technology.

Holding a substantial portion of the export of pharmaceuticals and packaging goods, the Spanish market is predicted to grow broad in the flexographic printing machine sector, too. Housing notable players of the automotive, medical technology, chemical, tourism, shipping, and the textile industry, the requirement of printing equipment and machines to cater to packaging needs and sales is considerable in the country. Thus, the emerging opportunities in the printing machinery industry in Spain are high.

Sales of Cosmetic Goods Have Curated Market Growth in South Korea

The growing popularity of the food and cosmetic sector in South Korea has boosted the market. The South Korean sales of these machines have a steady growth with an anticipated CAGR of 2.40%.

The growing trend toward innovative, sustainable, and environmentally friendly printing and packaging solutions to convey information about the product's identity in the most reliable way makes it easier for the product to infiltrate the country’s cosmetic sector. Thus, the cosmetic sector is enlarging the scope of flexo printing machines in South Korea.

Competitive Landscape

Key companies in the flexographic printing machine market are shifting to sustainable packaging and advanced technologies for the betterment of the outcomes catering to consumer’s needs. They are introducing new machines and offering automation and productivity, boosting the overall sales and growth of the market. Some companies and their recent developments are mentioned below

Companies	Advancements
Bobst Group SA	Offering a range of flexographic printing machines, including the M5X and M6X models
Koenig & Bauer AG	Introducing new machines that offer higher levels of automation and productivity
Heidelberger Druckmaschinen AG	Introducing new machines that offer higher levels of flexibility and customization
Mark Andy Inc.	Expanding its presence in the label and packaging market by introducing new machines that offer higher levels of automation and productivity
Nilpeter A/S	Investing in digital printing technologies

Recent Advancements

• In October 2023, Rotatek Printing and Packaging Technologies Spain and Iwasaki International Japan collaborated to penetrate the Spanish market, introducing cost-effective Japanese technology for label production and offering flexographic printing machines as a viable alternative to digital printing for short-run label production.
• In February 2022, Multitec showcased its servo narrow web flexo press at PrintPack India 2022. The press, equipped with UV capabilities, featured foiling, a turn bar, chill rolls, and a converting section.
• In June 2021, Echaar Equipments, a renowned manufacturer, made strides in the printing industry by introducing CI flexo machines to India. Collaborating with CT, the company facilitated printing on various substrates, marking a significant advancement in domestic equipment manufacturing capabilities.

Key Companies in the Market

• Aim Machintechnik Pvt. Ltd.
• R.K. LABEL PRINTING MACHINERY (P) LTD.
• Wolverine Flexographic LLC
• Star Flex International
• Rotatek, Edale UK Limited
• Nilpeter A/S
• Polygraph Limited
• Shanghai Printyoung International Industry Co.
• Dongguang Xinghui Carton Machinery
• Ruian Husong Printing Machinery
• Wenzhou Daba Machinery
• Zhejiang Hexiang Printing Machinery

Key Coverage in the Flexographic Printing Machine Industry Report

• Market Research On Technological Advancements In Flexographic Printing
• Assessment of Impact Of Digital Printing On The Flexographic Printing Machine Market
• Market Dynamics Of Industrial Flexographic Printing Machine Market
• Market Share Of Flexographic Printing Machine Brands
• Market Trends Driving Innovation In Flexographic Printing Technology

Market Segmentation

By Product Type:

• Central Impression Press
• In-line Press
• Stack Press

By Substrate Type:

• Plastic
• Paper & Paper Board
• Metal
• Fabric
• Other Substrates (Wood, Glass, etc.)

By Ink Type:

• Aqueous / Water-based Inks
• Solvent-based Inks
• UV-based Inks
• Hot Melt Inks
• Rubber Based Inks
• Toner

By End Use:

• Commercial
• Publication
• Packaging

By Region:

• North America
• Latin America
• Asia Pacific
• Middle East and Africa (MEA)
• Europe

Frequently Asked Questions

What is the Flexographic Printing Machine Market Currently Worth?

The market is set to reach USD 2.7 billion in 2024.

What is the Sales Forecast for Flexographic Printing Machines through 2034?

The flexographic printing machine market is expected to reach a value of USD 3.3 billion by 2034.

At What Rate Is the Flexographic Printing Machine Market Growing?

The market is in line to develop at a CAGR of 2.10 % from 2024 to 2034.

What is the Top Type of the Flexographic Printing Machine Market?

Stack press flexo machines top the market, with an expected share of 43.40% for 2024.

How will the Flexographic Printing Machine Market Progress in India?

The market in India is expected to progress at a CAGR of 5.40% through 2034.