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Global Flexographic Printing Market Size, Share & Industry Trends Analysis Report By Application (Corrugated Packaging, Flexible Packaging, Labels & tags, Cartons and Others), By Offering, By Regional Outlook and Forecast, 2023 - 2030

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).

China, Japan, South Korea, and India are among the key countries in the Asia Pacific flexographic printing market. The growing demand for quality, efficiency, and innovation, which the packaging industry demands. Thus, Asia Pacific registered $3,139.4 million revenue in the market in 2022. The availability of cheap and abundant labor, low energy prices, and relaxed environmental norms have aided the growth of packaging printing companies. Asia-Pacific is a major region for commercial printing, and this is anticipated to continue in the coming years due to the rising demand for commercial printing in emerging economies such as India, Japan, China, Indonesia, Thailand, and Vietnam. Some of the factors impacting the market are growth of the packaging industry, integration of digital technologies and hybrid equipment, and high cost of hiring skilled workforce.

The packaging industry has experienced continuous growth due to aspects such as rising disposable income, urbanization, and changing consumer preferences. As a result, there is a growing demand for packaging materials to package and protect various products. The packaging industry encompasses multiple packaging types, including flexible packaging (pouches, sachets, and bags), corrugated packaging (boxes and cartons), labels, shrink sleeves, and more. Additionally, integrating digital technologies and hybrid equipment is a significant driver of growth in the market. This integration represents a convergence of traditional flexographic printing with digital printing capabilities, offering a range of benefits to the printing industry. Digital technology allows quick job setup and changeovers, making it cost-effective for smaller print runs. As customer demands for customization and shorter print runs continue to grow, hybrid flexo-digital presses are positioned to play a central role in meeting these evolving needs and driving further expansion in the market.

However, skilled flexographic operators and technicians command higher salaries due to their expertise and specialized training. These elevated labor costs can significantly contribute to the overall production expenses of printing companies. Finding and attracting skilled workers can be a competitive and costly process. Companies may need to invest in recruitment efforts, including job postings, interviews, and relocation packages, if necessary, to acquire top talent. In response to labor challenges, some printing companies may invest in automation and advanced technology to reduce reliance on manual labor. While this can lead to long-term cost savings, the initial investment in automation can be substantial. The factors mentioned above will hamper the market growth.

Application Outlook

By application, the market is fragmented into corrugated packaging, flexible packaging, labels & tags, cartons, and others. The flexible packaging segment garnered a significant revenue share in the market in 2022. Flexographic printing is a widely used method for printing on flexible packaging materials. Flexible packaging refers to materials that are easily bendable or can conform to the product's shape. This type of packaging is commonly used for various products, including snacks, beverages, pet food, personal care products, pharmaceuticals, and more. Flexible packaging materials can include multiple substrates such as plastic films (polyethylene, polypropylene, polyester), aluminum foil, laminates, paper, and more. Flexographic printing can effectively print on these materials.

Offering Outlook

On the basis of offering, the market is segmented into flexographic printing machine and flexographic printing ink. In 2022, the flexographic printing ink segment dominated the market with the maximum revenue share. Flexographic printing ink is a type of ink specially formulated for use in the flexographic printing process. Flexographic printing is a versatile and widely used method for printing on various substrates, such as paper, plastic, film, and labels. Flexo inks are designed to meet the specific requirements of this printing technique, ensuring high-quality, consistent, and durable prints. Special flexo inks are available for specific applications, such as metallic, security, and fluorescent inks, to create unique effects or meet specialized requirements.

Regional Outlook

Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Europe region covered a considerable revenue share in the market in 2022. Market’s expansion in Europe is aided by increased production and innovation in flexible packaging products. Manufacturers in Europe are simplifying the ink management process to improve quality and uniformity while lowering consumer costs. For example, Flint Group Packaging Inks will launch ONECode Universal Bases in Europe in September 2021 for optimum print flexibility and efficiency in Flexible Packaging. These universal bases enable converters to mix PU and NC inks from the same concentration range without duplicating goods in their inventory.

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.

Recent Strategies Deployed in Flexographic Printing Market

Partnerships, Collaborations & Agreements:

Sep-2023: Nilpeter teamed up with SCREEN, a semiconductor company based in Japan, to launch the Integrated Digital Printing Press for label printing. The combined expertise of the two companies would enable the businesses within the packaging and labeling industry to address more demands of their customers.

Aug-2023: Bobst Group SA partnered with Asteria Labels & Packaging Group, a packaging specialist company, to deploy DIGITAL MASTER All-in-One presses across Europe. The partnership aids BOBST in creating exceptional customer experiences.

Jun-2023: Mark Andy, Inc. entered a partnership with Lemu Group, an Industrial machinery manufacturer, to provide its converter clients with inline roll-finishing and automated digital press technology. The partnership aids Mark Andy in its bid for pressroom optimization strategy.

Jun-2023: Koenig & Bauer AG came into partnership with Hubergroup Print Solutions, a printing ink specialist, to develop conventional printing inks for Rapida sheetfed offset presses. The partnership would lead to better customer experiences by allowing them to leverage the enhanced Rapida sheetfed offset presses for enhancing their product optimization.

May-2023: Koenig & Bauer AG came into partnership with GIETZ, a Swiss manufacturing company, to enhance the OVD application for banknotes. The partnership would serve as a driving factor for the exploration of new applications of OVD.

Apr-2023: Bobst Group SA signed a partnership with tesa, a self-adhesive product manufacturer, to develop solutions for equipment and consumables packaging. The partnership would enable the two companies to provide their joint customers with solutions for facilitating an efficient production process.

Apr-2023: Koenig & Bauer AG partnered with Sealed Air Corporation, a packaging company, to develop solutions for digital printing machines. The partnership aids Koenig & Bauer in its digital printing strategy and strengthens its RotaJET-series of printers.

2023-Feb: Bobst Group SA came into partnership with Sauber Technologies, a 3D printing solutions provider, to acquire Sauber's 3D printed parts engineering, and development for its inkjet label presses. The partnership enhances BOBST's inkjet engines by incorporating Sauber's F1 technology in it.

Feb-2021: Mark Andy, Inc. signed a partnership with Domino, an inkjet printing devices developer, to incorporate the Domino N610i UV inkjet module in its Digital Series iQ inkjet press. The partnership would enable Mark Andy to aid its label and packaging manufacturers in adopting inkjet printing in their digital printing processes.

Mergers & Acquisition:

May-2023: Bobst Group SA acquired Dücker Robotics s.r.l., a loading and palletizing robots manufacturer. The acquisition strengthens Bobst's capabilities in printing and converting.

Feb-2023: Anderson & Vreeland Inc. announced the acquisition of flexographic consumable assets from Grimco, a flexographic printing materials distributor based in Canada. The acquisition is in line with Anderson & Vreeland's growth strategy.

Product Launches and Product Expansions

Jun-2023: MPS Systems B.V. introduced the EF-430, a next generation EF flexo platform. The EF-430 features a range of improvements over its predecessors, some of which include an MPS-designed slide-out ink drawer for quick changeovers, an MPS E-sleeve incorporating quick release, and enhanced web width up to 580mm.

May-2023: Mark Andy, Inc. released Pro Series, a series of servo-driven presses. The Pro Series is specifically designed for single-pass pressure-sensitive label printing applications and as such, incorporates the sMArt link production monitoring system that facilitates low operational costs.

Feb-2021: Barry-Wehmiller Group, Inc. unveiled the ION digital conversion system. The ION digital conversion system has a resolution of 1600 by 1585 dpi and a printing speed of up to 668 feet per minute. The system incorporates Memjet’s DuraLink technology, a configurable module with variability margins ranging from 8.5 to 60 inches.

Geographic Expansions:

Sep-2023: Nilpeter announced the establishment of a new service and technology facility in Cincinnati, United States. The facility would be used as a service hub for the company's customers. Additionally, the new facility would contain a technology & and educational center that would allow the company to demonstrate its entire product portfolio.

Jun-2021: Barry-Wehmiller Group, Inc. expanded its geographical footprint by opening a new technical center of excellence in Nottingham, England. The new center would serve as a product testing hub for the company.

Scope of the Study

Market Segments covered in the Report:

By Application

• Corrugated Packaging
• Flexible Packaging
• Labels & tags
• Cartons

By Offering (Volume, Units/Kilo Tonnes, USD Million, 2019-2030)

• Flexographic Printing Ink
• Water-based
• Solvent-based
• Energy Curable
• Flexographic Printing Machine
• Wide Web
• Medium Web

By Geography

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• South Korea
• Singapore
• Malaysia
• Rest of Asia Pacific
• LAMEA
• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA

Companies Profiled

• 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)
• Barry-Wehmiller Group, Inc.

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