Global Central Impression Type Flexographic Printing Machine Market by Types (High Speed and Medium Speed), Applications (Flexible Packaging, Label Manufacturing, Corrugated, and Others), and Regions (Asia Pacific, Europe, North America, the Middle East &
The global central impression type flexographic printing machine market was valued at USD 750 million in 2019 and is estimated to reach USD 1200 million by 2026, expanding at a CAGR of around 6.5 % during the forecast period, 2020 – 2026. With remote monitoring the increased adoption of automation and rise of the servo drive technology are some of the trends contributing to the growth of central impression type flexographic printing machine market. Various factors such as rising global production activities in emerging countries are influencing the market growth.
For packaging and labelling applications a type of printing machine which uses a flexible relief plate named flexographic printing machine is used. A modern version of letterpress known as flexographic printing is used to print on woven materials, nonwoven materials, plastic, and paper by using ultra violet and water-based methods. It is used for long and medium run printing applications and is an efficient form of printing technique. For labelling and packaging of end-use applications, flexographic printing machine of 6 colors and above capacity are used. It is majorly used for packaging of food, for printing on any non-porous substrate required. Flexographic printing machines are majorly used in packaging and currently it has witnessed a significant growth in terms of adoption rate which is primarily driven by developed countries. Get Free Sample Before Purchasing
Market Trends, Drivers, Restraints, and Opportunities:
- Low installation cost and low maintenance cost is expected to contribute to the growth of the market during the forecast period.
- Increasing adoption of central impression type flexographic printing machine due to their ease of operation is fueling the market growth.
- Growing demand for low cost packaging is influencing the growth of the market.
- Rising demand for automation and manufacturing sector is an important factor for the growth of the market during the forecast period.
- High energy consumption may restrict the market growth during the forecast period.
- Risk related to profitability of the service may act as a restrain to the growth of the market.
- Stringent environment regulations may hamper the market growth.
Scope of the Report
The report on the global central impression type flexographic printing machine market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report. Attributes
Details
Base Year
2019
Historic Data
2015–2018
Forecast Period
2020–2026
Regional Scope
Asia Pacific, Europe, North America, the Middle East & Africa, and Latin America
Report Coverage
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Central Impression Type Flexographic Printing Machine Market Segment Insights:
Based on product types, the global central impression type flexographic printing machine market is divided into high speed and medium speed. The high-speed segment accounted for the largest share of the market. This trend is anticipated to continue during the forecast period. The growth of this segment is because of its capability to adapt to a wide range of substrate with ease. In terms of applications, the global central impression type flexographic printing machine market is fragmented into flexible packaging, label manufacturing, corrugated, and others. Flexible packaging is the dominant segment and this trend is expected to continue during the forecast period. The popularity of this segment is due to its ability to protect the product by indicating and maintaining freshness. It is also easy to store and transport due to it being light in weight contributing to growth of the market. On the basis of regions, the global central impression type flexographic printing machine market is segmented into Asia Pacific, Europe, North America, the Middle East & Africa, and Latin America. North America is a key region of the market. North America is dominant due to high initial investments, technological advancements, adoption of new technologies, and large number of key market players present in North America. Rapid urbanisation and rising income are some fuelling the demand for packed foods, thereby, resulting in market growth.
Competitive Landscape:
Major companies in the global central impression type flexographic printing machine market include Bobst Group SA, Mark Andy, Windmoller & Hoelscher Corporation, Barry Wehmiller Companies, Koening & Bauer, Gallus, Komori Corporation, Taiyo Kikai, Bfm Srl, Omso, Comexi, and Uteco. The companies to gain market share are engaging in strategic acquisitions such as R&D, agreements, product launches, and collaborations. Companies in Europe manufacturing flexographic printing machine for intelligent servo drivers are exporting their machines to developing countries in Asia Pacific to increase their global footprint. The Chinese manufacturers are coming up with new low-cost central impression type flexographic printing machine which is increasing the growth in Asia Pacific but affecting market share of western manufacturers negatively.
The global central impression type flexographic printing machine market has been segmented on the basis of
Types
- High Speed
- Medium Speed
Applications
- Flexible Packaging
- Label Manufacturing
- Corrugated
- Others
Regions
- Asia Pacific
- Europe
- North America
- Middle East & Africa
- Latin America