Flexo’s Future (Cont’d from Page 5) ic printing machine market is expected to be driven by new projects related to labeling,packaging and food and beverage. In terms of market value, the global flexog- raphic printing machine market is projected to register a 6.5 percent Compound Annual Growth Rate during the forecast period and create an absolute dollar opportu- nity worth $1,674.5 million. During the forecast period, APECJ and China are likely to witness high adoption of flexographic printing machines and register CAGRs of 6.6 percent and 6.8 percent, respectively. Fighting Counterfeiting The fight against counterfeit products will continue to be a focus on the flexographic printing market. In 2017, the global anti-counterfeit packaging market generat- ed a revenue of $114.4 billion and is predicted to at- tain $208.4 billion in 2023, registering a CAGR of 10.9
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percent during the forecast period (2018–2023). The market is witnessing growth due to the rising focus of manufacturers on brand protection and expansion of counterfeit industry.
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Drupa Announces Shortened Dates
The duration of drupa will be shortened from eleven to nine days andwill nowbe held fromApril 20–28,2021, in Düsseldorf, Germany.This decision is in response to the wishes of the partner association VDMA (Printing and Paper Technology Trade Association) and many exhibitors to make their trade fair presentation more efficient and to concentrate visitor traffic in a targeted manner.This is also in reaction to any continuing travel activities and restrictions. Despite some Corona-related cancellations, the current booking status remains at a high level with more than 1,500 exhibitors and a net hall space of more than 140,000 square meters.
To take advantage of this opportunity contact:
Greg Kishbaugh / 317-306-1060 / flexo@nvpublications.com
Robyn Smith / 910-553-4055 / rsmith@nvpublications.com
Flexo Market News July 20, 2020 9
www.nvpublications.com
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