Flexographic Printing Global Market Report 2024

The flexographic printing market size has grown strongly in recent years. It will grow from $5.87 billion in 2023 to $6.34 billion in 2024 at a compound annual growth rate (CAGR) of 8.0%. The expansion observed in the historical period can be attributed to factors such as growing cost-effectiveness, high-speed printing capabilities, versatility in handling various substrates, maintaining quality and consistency, and the overall rise in the packaging industry.

The flexographic printing market size is expected to see strong growth in the next few years. It will grow to $8.38 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The anticipated growth in the forecast period can be linked to increased demand for sustainable packaging, the rapid expansion of e-commerce, globalization of brands, evolving requirements in advertising and labeling, and a heightened focus on short-run printing. Notable trends expected in the forecast period include innovations in anilox roll and ink delivery systems, a rise in demand for printed labels and flexible packaging films, a surge in customization and short-run printing in packaging, the implementation of process automation and workflow efficiency, and an expanded application of flexographic printing in corrugated packaging.

The anticipated growth in the flexographic printing market is driven by the increasing demand for packaged food products. Packaged food items are pre-packaged in materials designed to provide shelf life and sterility unless the packaging is compromised. The rising demand for these products necessitates the utilization of flexographic printing, known for its convenience, attractiveness, cost-effectiveness, and lightweight properties in packaging. Flexographic printing, applied on label packaging, plays a crucial role in effectively marketing food products and conveying relevant information. In 2021, the Food Industry Association (FMI) estimated that online sales of packaged food and beverages could potentially reach $109 billion, highlighting the significant impact of the increasing demand for packaged food products on the growth of the flexographic printing market.

The flexographic printing market is further expected to experience growth due to the expanding demand in the pharmaceutical industry. The pharmaceutical sector involves activities related to the research, development, manufacturing, and commercialization of pharmaceutical drugs. Flexographic printing proves beneficial in pharmaceutical packaging applications by offering efficiency, quality, and versatility. It facilitates faster production speeds, reduces the risk of smudging, and is well-suited for maintaining consistent print quality over extended print runs. According to the European Federation of Pharmaceutical Industries and Associations (EFPIA), the total pharmaceutical production in Europe reached $384,200 million (€340,000 million) in 2022, indicating a 4.95% increase from the previous year. The growing demand in the pharmaceutical industry is thus contributing to the growth of the flexographic printing market.

A key trend gaining traction in the flexographic printing market is technological advancement. Major companies in the sector are concentrating on developing innovative technological solutions to meet consumer demands and enhance their market position. For instance, MPS, a US-based company specializing in printing presses, launched E-Sleeve technology to improve print efficiency and quality. This technology incorporates pressure settings, precise concentric runout properties, increased dimensional accuracy, and constant parallelism, ensuring optimal register performance across the entire print length. The technology enables higher speeds, delivering results with assured quality tolerances and reliable production cost calculations.

Major players in the flexographic printing market are introducing new products such as LED platemaking equipment. LED plate making equipment involves using light-emitting diodes (LEDs) in the creation of printing plates. XSYS, a Europe-based company, launched the ThermoFlexX Catena-E 48 unit, designed for LED exposure of flexographic printing plates. This product offers a cost-effective ownership, portability, and high production levels, producing flat-top dot plates with exceptional quality. The confined exposure environment and minimal waste make it a sustainable choice for operation.

In June 2023, Constantia Flexibles Group GmbH, an Austria-based company specializing in flexible packaging and labeling solutions, acquired Drukpol Flexo Sp.zo.o., a US-based company focused on flexo-printed packaging. This strategic move aims to expand the global footprints and sustainable product lines of both businesses. Constantia Flexibles intends to enhance its industry standing by incorporating Drukpol Flexo's expertise and advanced technologies into its offering.

Major companies operating in the flexographic printing market report are Westrock Company, Amcor Limited, Barry-Wehmiller Group Inc., Rotatek Printing Machinery Co. Ltd., BOBST Group SA, Koenig & Bauer AG, Windmöller & Hölscher Corp., Komori Corporation, Flint Group Holding S.A., SOMA Engineering S.p.A., Mark Andy Inc., MPS Systems B.V., Gallus Holding AG, Star Flex International Limited, Nilpeter A/S, Edale Holdings Limited, Comexi Group S.A., Nuova Gidue S.p.A., Tresu Group A/S, R.K. Label Printing Machinery Private Limited, Aim Machintechnik Pvt. Ltd., Wolverine Flexographic LLC, OMET S.p.A., Allstein GmbH, Shanghai Printyoung International Industry Co. Ltd., Polygraph Limited, Shanghai Liu Xiang General Equipments Co. Ltd., Orient Sogyo Co. Ltd., Uteco S.p.A., Codimag S.p.A., Anderson & Vreeland Inc., Heidelberger Druckmaschinen AG.

Asia-Pacific was the largest region in the flexographic printing market in 2023. The regions covered in the flexographic printing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the flexographic printing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The primary types of printing equipment in flexographic printing encompass narrow web, medium web, and sheetfed. Narrow web printing, defined as any web with a width of 16 inches or less, is a rotary method featuring numerous in-line converting stages. Various technologies, including automatic and semi-automatic processes, are utilized in applications such as corrugated boxes, folding cartons, flexible packaging, labels, and print media. Flexographic printing finds application in diverse sectors, including industrial, print media, food and beverage, consumer electronics, pharmaceuticals, and others.

The flexographic printing market research report is one of a series of new reports that provides flexographic printing statistics, including flexographic printing industry global market size, regional shares, competitors with flexographic printing market share, detailed flexographic printing market segments, market trends and opportunities, and any further data you may need to thrive in the flexographic printing industry. This flexographic printing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The flexographic printing market consists of sales of flexographic printing presses including, CI flexographic presses, stack flexographic presses and in-line flexo presses among others. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.


The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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