rising investments in developing countries across Asia are expected to enhance the demand for flexographic printing machines over the forecast period. On the basis of product type, inline type flexograph- ic printing machines are expected to remain prom- inent in terms of global market share, and reach ap- proximately a 57.8 percent share by the end of 2028, according to Persistence Market Research. Based on coloring capacity, the 6-color and above segment is ex- pected to remain prominent in the global flexographic printing machine market, accounting for an estimated value of $3.0 billion by 2028 end. Increasing Distribution In 2018, China and APECJ were pegged to be the at- tractive regions in the flexographic printing machine market, accounting for more than 28 percent of the global market share. Advancements in flexographic printing machines for printing applications in elec- tronic products are expected to drive the demand in regions such as APECJ, China and North America. Manufacturers are channelizing efforts to increase their manufacturing and distribution units to cater to the de- mand from the rising import and export of new flexog- raphic printing machines. Further, the global flexograph- (Cont’d on Page 9)
Flexo’s Future (Cont’d from Page 1) flexographic printing machines, according to the study.The global market for flexographic printing ma- chines had witnessed substantial progress, reaching a market value of $1.9 billion at the end of 2018. Additionally, the global demand for flexographic printing machines will also be influenced by growth in motion control systems and rising urbanization in developing economies, such as India and China. Pop- ulation growth has also been directly influencing the installation of flexographic printing machines. Global Flexo Inline type flexographic printing machines with 6 colors and above reportedly find high adoption in developed economies, especially European countries such as Germany, the U.K., France, and Italy. Stack type flexographic printing machines with advancements in servo technology are gaining traction in developing economies. The growth of flexographic printing ma- chines is positively impacted by their application in electronic products.This has led to the growth of the global flexographic printing machine market in coun- tries such as China, the U.S.,Taiwan, South Korea, Japan, India and Germany. The establishment of new manu- facturing units for flexographic printing machines and
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Flexo Market News July 20, 2020 5
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