Flexographic Printing Market is Poised to Grow at a CAGR of 5.1% during the Forecast Period of 2022-2031

The flexographic printing market is registered at a CAGR of 5.1% over the forecast period 2022 – 2031. Flexographic printing continues to be one of the fastest-growing print processes and is no longer reserved just for printing specialty items. The ability of flexography to print on a variety of substrates allows the process to be used for a wide range of printed products. Food packaging is an important market because of the ability of flexography to print on non-porous substrates. This ability makes it useful for printing on plastic bags, as well. The process is ideal for the publication of packaging, wallpaper, calendars, books, laminated tetra paks, and food packaging. The material that receives the print, known as the substrate, can be paper, card, polymers, textiles, and even metalized films (polymers coated with a thin layer of metal).

– Technology and automation are seen as significant areas of improvement. Automation of the printing process is primarily credited with a reduction in waste, changeover times, and cost savings, while at the same time leading to an improved product overall. Developments in inks, plate, and aniloxes continue to push the boundary that has enabled the flexographic printing process to replace existing offset and even gravure work. With ongoing market consolidation, printers are looking to maximize their profits, and flexographic printing remains the most common approach.

– Progressions in software, prepress, plate technology, and inks and coatings have all seen meaningful innovation, reducing the possibility that digital printing will overhaul the cost-effectiveness of flexo for medium to long runs. Flexography affords principal benefits for customers using spot colors and finishing processes such as embossing, cold foiling, perforating and laminating. Continued progress will possibly continue to decrease the costs of these value-added processes and make them extra mainstream.

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– The factor that this printing method can be used virtually with any substrate is driving the growth of the market. This is especially important with those that are sensitive to heat, such as the direct thermal materials that are printed upon a second time using printers. Moreover, another significant factor that flexographic printing has over other printing processes is its production speed. The cost of the printing plates, the additional cost associated with the distortion of an image in the process are some of the factors restraining the growth of the market.

Scope of the Report

Flexographic printing is a process of printing that utilizes flexible printing plates formed of rubber or plastic. Each plate, with its lightly raised image, is wheeled on a cylinder and spread with fast-drying ink. The substance to be printed on, or substrate, is passed between the print plate and impression roller, which uses pressure to keep the substrate against the plate.

Key Market Trends

Flexographic Printing has a Dominant Role to Play in Packaging

– Flexographic printing is quick-drying and able to use non-toxic inks. These factors make flexographic printing accessible in the printing of food packaging. It can primarily be used on packagings like milk cartons, food containers, beverage containers, as well as disposable cups and containers.

– Since flexography is a food-safe with the right ink, it can also be applied to print packaging for drugs and other medical supplies. Flexographic printing can be utilized on hygienic bags, plastic, foil wrappers, and cardboard packaging.

– Flexographic printing’s capacity to print on a broad variety of substrates and surfaces makes it a perfect method for printing on brown corrugated boxes utilized in shipping and storage companies.

– The capacity to print on flexible, non-rigid materials makes flexographic printing helpful when printing on rolls of material utilized for plastic and paper bags. Flexographic printing is a perfect choice for industrial converters that make paper bags and printed plastic.

– There’s no ambiguity that retail products need labels, regardless of whether the labels are applied manually or by machine. Self-adhesive labels are also helpful in the corporate setting. Flexographic printing provides for the relatively swift printing of medium or big print jobs of self-adhesive labels – an excellent printing choice for businesses.

APAC Dominates the Flexographic Printing Market

– The Asia-Pacific region is the most significant geographic market for printing ink, with Ink World projecting sales in the area at more than USD 6.5 billion yearly. Besides, the growth in the packaging industry of the Asia Pacific region is one of the supporting factors for the flexographic market growth due to the usage of products for printing packaging materials.

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– An increase in demand for flexible packaging owing to its broad range of applications across food & beverage, pharmaceutical, and household products will have a positive influence on the product demand in the forecast time. Rising purchasing power along with the arrival of e-commerce, has expanded the availability and acceptance of consumer products, thus encouraging the need for flexible packaging.

– The principal players in APAC region for the flexographic printing market are DIC Corporation, Sakata INX, Flint Group, Jiangmen Toyo Ink Co, TOYO Ink Group, Hubergroup India, Tokyo Printing Ink, XSYS Print Solutions (Shanghai), INX International Corporation, Taiyuan Coates Lorilleux Inks Chemical, T&K Toka.

Competitive Landscape

The Flexographic Printing Machine market appears to be moderately fragmented and 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 in the market are aiming to expand their customer base across other countries. These companies are leveraging strategic collaborative initiatives to augment their market share and increase their profitability.

– October 2019 – Komori Corporation announced that it has reached an agreement with Shinwa Factory for conducting field testing of the 40-inch Sheetfed Nanographic Printing System, Impremia NS40.

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