Flexographic printing machine has become one of the important machinery as it is used for printing on the non-porous substrates required for various types of food packaging as well as for printing large areas of solid color. Analysts estimate that the global flexographic printing machine market will reach US$1.43 bn by 2025 from US$1.18 bn in 2018, registering a sluggish CAGR of 2.7% from 2019 to 2025.
The research team at QY Research has published its analytical study and the future possibility of the market in its latest report, titled “Global Flexographic Printing Machine Market Report, History and Forecast 2014-2025, Breakdown Data by Manufacturers, Key Regions, Types and Application.”
Global Flexographic Printing Machine Market: Drivers
The printing industry has become the primary driver of global flexographic printing machine market. The current boost in food and beverage industry has created a way for packaging industry which creates a demand for flexographic printing, which helping to attain the market growth for global flexographic printing machine market. The packaging industry is not limited in the food and beverage industry and has touched a number of different sectors increasing the global growth of the flexographic printing machine market.
Global Flexographic Printing Machine Market: Segment Analysis
Global flexographic printing machine market is segmented by type and application. In terms of type, the market is segmented into the unit-type machine, which is basically a kind of typing process machine and central impression type, which is used to create impressions. In terms of application, the market is segmented as flexible packaging, label manufacturing, corrugated, and others.
Global Flexographic Printing Machine Market: Regional Forecast
On the basis of region, the global flexographic printing machine market is segmented into Latin America, North America, Asia Pacific, Europe, and the Middle East and Africa. Asia Pacific is currently dominates the market as China and India witness a surge in demand for flexographic printing machines. Europe and North America also have a good position in the global market of the flexographic printing machine.
Global Flexographic Printing Machine Market: The Key Players
The key players studied in the global flexographic printing machine market are WINDMOELLER and HOELSCHER, BOBST, PCMC, UTECO, Mark Andy, Comexi, Heidelberger Druckmaschinen AG, Nilpeter, KBA-Flexotecnica S.p.A., SOMA Engineering, OMET, KYMC, Weifang Donghang, Ekofa, MPS Systems B.V., XI’AN AEROSPACE-HUAYANG, Omso, Taiyo Kikai, Lohia Corp Limited, bfm S.r.l, and Sobu Machinery.
These companies are the global leaders who are trying different ways to stay in the competitive market. For instance, Windmöller & Hölscher (W&H) hosted visitors to the open house "Experience the Future of Flexo" machine manufacturer on 27th and 28th March. The meeting was a big success as more than 500 visitors from around the globe attended demonstrations to show how fast optimized printing processes can be today. It demonstrated the efficiency of the W&H machines and intelligent automation systems for short runs. Such initiatives help a company to stay ahead in the market.