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Flexographic Printing Market Size

Report ID: GMI6788
Published Date: Sep 2023
Report Format: PDF

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Flexographic Printing Market Size

Flexographic Printing Market size was valued at over USD 8.5 billion in 2022 and is estimated to register a CAGR of over 14% between 2023 and 2032. The focus on sustainability underscores the increasing awareness and commitment across industries to environment-friendly practices. In the industry, customers are seeking packaging materials and inks that have minimal ecological impacts, are recyclable, and use renewable resources. Flexographic printing, with its adaptability to eco-friendly substrates and water-based inks, aligns well with sustainability goals. As regulations and consumer preferences increasingly prioritize environmentally responsible options, the market benefits from its ability to offer more sustainable packaging solutions, attracting businesses striving for eco-conscious practices.

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Flexographic printing is a high-speed, versatile, and cost-effective printing process used for a wide range of packaging materials, labels, and other products. It employs flexible rubber or photopolymer plates to transfer ink onto substrates such as paper, plastic, and foil. This method is particularly suited for large-volume printing runs and can accommodate various ink types including water-based, solvent-based, and UV-cured inks. Flexographic printing is known for its ability to produce sharp images and vibrant colors, making it a popular choice in the packaging and label printing industries.

Flexographic Printing Market Report Attributes
Report Attribute	Details
Base Year:	2022
Flexographic Printing Market Size in 2022:	USD 8.5 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	5%
2032 Value Projection:	USD 14 Billion
Historical Data for:	2018 to 2022
No. of Pages:	250
Tables, Charts & Figures:	436
Segments covered:	Offering, Ink type, Method, Type, Automation type, Application, End-use, region
Growth Drivers:	Growing interest in sustainable packaging materials and inks Integration with digital technologies Increased need for customized and visually appealing packaging Expanding businesses and globalization Continuous improvements in printing technology
Pitfalls & Challenges:	Lack of skilled workforce Fluctuating prices of materials

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Labor shortages pertain to the difficulty in finding and retaining skilled labor within the flexographic printing industry. Expert operators, technicians, and engineers are essential for maintaining efficient production processes and ensuring print quality. However, the industry faces a shortage of qualified professionals due to retirement, lack of specialized training programs, and competition with other sectors. This scarcity of skilled labor can lead to productivity bottlenecks, increased labor costs, and challenges in meeting customer demands, ultimately impacting the profitability and competitiveness of flexographic printing businesses.

Authors: Suraj Gujar , Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Market size for flexographic printing was valued at over USD 8.5 billion in 2022 and is estimated to register a CAGR of over 14% between 2023 and 2032, owing to growing interest in sustainable packaging materials and inks.

The flexible packaging segment is expected to register a CAGR of over 6% during 2023-2032, owing to its versatility, cost-effectiveness, and sustainability.

Asia Pacific held a significant share of over 32% in 2022 in the flexographic printing industry and will continue to generate lucrative growth opportunities due to the region's burgeoning manufacturing and consumer goods sectors.

Flint Group, Gallus, Heidelberger Druckmaschinen AG, Koenig & Bauer AG, Komori Corporation, Mark Andy Inc., MPS Systems B.V., Nilpeter A/S, Nuova Gidue, Omet Group, Rotatek, Tresu Group, Uteco, and Windmoller & Holscher.