The flexographic printing market had an estimated market share worth USD 8.5 billion in 2023, and it is predicted to reach a global market valuation of USD 14.7 billion by 2034, growing at a CAGR of 5% from 2024 to 2034.
| Report Attribute | Details |
|---|---|
| Estimated Market Value in 2023 | USD 8.5 billion |
| Expected Market Value in 2024 | USD 9 billion |
| Projected Forecast Value in 2034 | USD 14.7 billion |
| Anticipated Growth Rate from 2024 to 2034 | 5% CAGR |
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The global demand for the flexographic printing market was estimated to reach a valuation of USD 6.5 billion in 2019, according to a report from Future Market Insights (FMI). From 2019 to 2023, the flexographic printing market is poised for significant growth, registering a CAGR of 6.9%.
| Historical CAGR from 2019 to 2023 | 6.9% |
|---|---|
| Forecast CAGR from 2024 to 2034 | 5% |
The introduction of hybrid flexographic presses is a new development in the flexographic printing market. These presses offer improved quality, efficiency, and adaptability by combining the benefits of digital and flexographic printing technologies.
Hybrid flexographic presses address the changing demands of the industry by combining both printing techniques into a single platform that can accommodate a wide range of printing requirements. The market for flexographic printing is expected to grow in the future due to these factors:
Consumer Trend towards Customized Printing Options to enhance Growth
Market expansion is fueled by the growing need for personalized and customized printing solutions across a range of industries, such as publishing, advertising, and packaging. Growth in the flexographic printing market is further accelerated by technical developments in printing technologies, like digital and 3D printing, which improve printing capabilities, efficiency, and variety.
Customer expectations for environmentally aware goods are being met by the growing popularity of eco-friendly printing techniques, such as the use of sustainable materials and water-based inks, which is driving market development. The printing sector has opportunities for development and innovation as a result of these combined causes.
Economic Downturns may Stymie Market Growth
There are several things that might hinder the flexographic printing market's expansion. These include economic downturns that have an impact on marketing and advertising expenditures. Changes in technology might cause preferences for printing to change. Printing techniques may also be impacted by environmental legislation.
Traditional printing techniques are being challenged by competition from digital media and technological communication channels. Changes in the price of raw materials and interruptions in the supply chain might impede the expansion of the market by raising production costs and lowering printing businesses' profit margins.
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This section focuses on providing detailed analysis of two particular market segments for flexographic printing, the dominant ink type and the significant method. The two main segments discussed below are the water based inks and inline type press method.
| Ink Type | Water-based Inks |
|---|---|
| CAGR from 2024 to 2034 | 4.8% |
During the forecast period, the water-based inks for flexographic printing is likely to develop with a 4.8% CAGR from 2024 to 2034. The advantages of water-based inks in terms of safety and environmental friendliness will make them more popular in the printing sector.
Water-based inks provide a non-toxic and low-VOC substitute for solvent-based inks, which is consistent with market developments towards greener printing solutions. This is in line with the growing environmental legislation and customer desire for sustainable products.
| Method | Inline Type Press |
|---|---|
| Market Share in 2024 | 51.3% |
In 2024, the inline-type press method segment is likely to acquire a 51.3% global market share. The inline press technique of printing is set to acquire momentum due to its efficiency and cost-effectiveness. It offers a competitive edge in the printing business by cutting production time and costs by combining many printing processes into a single, efficient workflow.
This section will go into detail on the flexographic printing markets in a few key countries, including the United States, the United Kingdom, China, Japan and South Korea. This part will focus on the key factors that are driving up demand in these countries for flexographic printings.
| Countries | Forecast CAGRs from 2024 to 2034 |
|---|---|
| The United States | 5.2% |
| The United Kingdom | 5.6% |
| China | 6.2% |
| Japan | 6% |
| South Korea | 6.4% |
The United States flexographic printing ecosystem is anticipated to gain a CAGR of 5.3% through 2034. Changing consumer preferences and the need for affordable, customized packaging choices are driving an increasing demand for flexible packaging solutions in the United States.
The need for flexographic printing is further driven by the ongoing innovation and acceptance of innovative printing technologies in sectors including food and beverage, medicines, and cosmetics.
The market in the United Kingdom is expected to expand with a 5.6% CAGR through 2034. Flexographic printing is in high demand in the United Kingdom owing to a focus on environmental sustainability.
Its environmentally friendly features, like recyclable materials and water-based inks, are especially appreciated since they support the country's efforts to lessen its influence on the environment and satisfy customer demand for environmentally friendly packaging options.
The flexographic printing ecosystem in China is anticipated to develop with a 6.2% CAGR from 2024 to 2034. The growing urbanization in China drives up demand for flexographic printing in the packaging industry, notably for food and consumer items. Companies look for bright and striking packaging ideas to draw in metropolitan customers.
Solutions for flexible and effective printing are needed because of the rapidly expanding e-commerce market in the country. This satisfies the need for individualized and customized packaging, meeting the varied tastes of internet customers and improving brand awareness in a competitive industry.
The flexographic printing industry in Japan is anticipated to reach a 6% CAGR from 2024 to 2034. Flexographic printing, noted for its high-quality and exact printing capabilities, is in great demand in Japan. This is due to its reputation for precision engineering, especially in industries like electronics and automotive, where intricate patterns and fine details are required.
The need for environmentally friendly printing solutions is fueled by Jthe regional dedication to environmental sustainability. Since flexographic printing uses recyclable materials and water-based inks, it is a favored option for businesses and customers who care about the environment and support the national sustainability initiatives.
The flexographic printing ecosystem in South Korea is likely to evolve with a 6.4% CAGR during the forecast period. Flexographic printing is in high demand in South Korea due to the thriving consumer market in the country and the desire for novel packaging solutions. Due to its adaptability, excellent printing quality, and affordability, it helps manufacturers build packaging that is both aesthetically pleasing and practical.
To satisfy international standards and appeal to global consumers, South Korea's export-oriented industries, such as electronics, cosmetics, and automotive, need to use high-quality packaging. Flexible packaging options are offered via flexographic printing. They drive demand in the nation by satisfying the various needs of these industries.
Key players in the global flexographic printing market are taking advantage of technological developments to improve printing capabilities and satisfy changing consumer needs.
To increase the sustainability, efficiency, and quality of print, they are spending resources on research and development. In order to penetrate new markets and bolster their global footprint, major companies are extending their geographic reach through strategic alliances and acquisitions.
In order to provide more ecologically friendly solutions, innovation in materials and inks is also emphasized. All things considered, major businesses are making an effort to remain competitive by keeping up with technology developments and providing superior printing solutions. The key players in this market include:
Significant advancements in the flexographic printing market are being made by key market participants, and these include:
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 5% from 2024 to 2034 |
| Market value in 2024 | USD 9 billion |
| Market value in 2034 | USD 14.7 billion |
| Base Year for Estimation | 2023 |
| Historical Data | 2019 to 2023 |
| Forecast Period | 2024 to 2034 |
| Quantitative Units | USD billion for value |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Offering, Ink Type, Method, Type, Automation Type, Application, End User, Region |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; The Middle East & Africa |
| Countries Profiled | The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, Poland, Russia, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC Countries, South Africa, Israel |
| Key Companies Profiled | Allstein GmbH; Amcor PLC; Bobst; Codimag; Comexi; Flint Group; Gallus; Heidelberger Druckmaschinen AG; Koenig & Bauer AG; Komori Corporation |
| Customization Scope | Available on Request |
The flexographic printing market is expected to garner a 5% CAGR from 2024 to 2034.
By 2024, the global flexographic printing market is likely to gain USD 9 billion.
By 2034, the flexographic printing market valuation is likely to reach a sum of USD 14.7 billion.
The flexographic printing industry in the United States is likely to garner a 5.2% CAGR during the forecast period.
The water based inks is likely to gain immense popularity and garner a 4.8% CAGR through 2034.
The Inline-type press method flexographic printing is likely to be highly used, garnering a 4.7% CAGR through 2034.
| Estimated Size, 2025 | USD 7.8 billion |
| Projected Size, 2035 | USD 12.1 billion |
| Value-based CAGR (2025 to 2035) | 4.5% |
| Market Estimated Size (2023E) | USD 33.5 billion |
|---|---|
| Projected Market Valuation (2033F) | USD 55.8 billion |
| Value-based CAGR (2023 to 2033) | 5.2% |
| Market Size (2023) | USD 27.7 billion |
|---|---|
| Market Projected Size (2033) | USD 186.4 billion |
| Market Value CAGR (2023 to 2033) | 21% |
| Market Size 2023 | USD 22,814.9 million |
|---|---|
| Market Size 2033 | USD 38,572.8 million |
| Value CAGR (2023 to 2033) | 4.7% |
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Flexographic Printing Market
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