The Flexographic Printing Market size is estimated at USD 196.24 billion in 2024, and is expected to reach USD 228.90 billion by 2029, growing at a CAGR of 3.13% during the forecast period (2024-2029).
The market for flexographic printing has gained significant attention in the packaging industry, where it is used for printing labels, cartons, and flexible plastics. The growth of industries such as food, beverage, and other packaging, is anticipated to aid the market for flexographic printing.
The flexographic printing market is moderately fragmented, with the presence of several companies. In terms of market share, few of the major players currently dominate the market. These major players with a significant share of the market are aiming to expand their customer base across other countries. These companies leverage strategic collaborative initiatives to augment their market share and increase profitability.
October 2022 - AV Flexologic and BOBST partnered to integrate BOBST smart GPS with the complete AV Flexologic mounting machine range. The flexo industry advances toward a leaner, waste-free, and optimized printing process by combining this advanced press automation technology with swift and accurate flexo plate mounters.
September 2022 - Oasis Flower Plant for Plastic, the leading provider of PET preforms and HDPE closures in Saudi Arabia, reached an agreement to acquire a Comexi F2 MB flexo press, as it primarily seeks printing projects to suit the demands of diverse customers, particularly those in the beverage sector. The Asian company has chosen to rely on Comexi's knowledge and technology.
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