Flexo Printing (CONT’D FROM PAGE 37)
The three largest regions for flexo printing are Asia, North America and Western Europe. Combined, these ac- count for 81.0 percent of global volume and 83.1 percent of the value in 2024. Asia is forecast to experience strong growth at a 5.8 percent Compound Annual Growth Rate by volume for 2024-2029, with India the fastest growing national market. North America and Western Europe are mature regions for flexo print, and will grow more moder- ately — 2.3 percent CAGR and 1.7 percent CAGR, respec- tively — across the same period. The flexographic machines market’s development is anticipated to be driven by the rising packaging industry, according to another recent study, this one from Business Research Company. With the aggressive growth of e-commerce, evolving consumer tastes, and health and safety worries, the pack- aging sector is expanding rapidly. In the recent years, the market size for flexographic printing machines has seen robust growth. The market is projected to expand from $0.72 billion in 2024, to $0.77 billion in 2025, signifying a compound annual growth rate (CAGR) of 5.9 percent. The growth witnessed in the his- torical phase is due to factors such as improvements in printing technology, cost-efficiency, a rising need for pack- aging, environmental issues, globalization, and overall market broadening. Projected Growth The market size of flexographic printing machines is projected to witness growth in the coming years, expand- ing to $0.95 billion by 2029 with a compound annual growth rate (CAGR) of 5.6 percent. The anticipated market surge during this period can be linked to the integration of digitalization and industry 4.0, growing demand for customization and personalization, sustainability initiatives, and the rise of emerging markets. Foreseen trends for this period include the adoption of hybrid printing solutions, enhanced automation, and robotics, a focus on improving operational efficiency, broadening application scope, creation of eco-friendly inks and substrates, as well as the incorporation of IoT and connectivity. Flint Group Opens New Montreal Distribution Facility Flint Group, a global provider of inks and coatings for the printing and packaging sectors, has opened a new distri- bution facility in Montreal, Quebec. The facility will warehouse and distribute Flint Group’s water-based, UV curable, and UV LED dual-curing inks, as well as coatings for narrow web applications. Previ- ously, customers in the Quebec region had relied on Flint Group’s Toronto facility for their ink supply requirements.
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March 17, 2025
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