Flexographic Machine Market To Approach $3.5B By 2028 Globally, the production of flexographic printing ma- chines is growing,supported by the demand from coun- tries in APECJ, North America, and Europe, according to a new study released by PMR Research. According to the report, the global market for flexographic printing machines witnessed substantial progress in 2018 and was expected to reach a market value of $1.9 billion by 2018. Additionally, the global demand for flexographic printing machines will also be influenced by growth in motion control systems and rising urbanization in de- veloping economies, such as India and China. Popula- tion growth has also been directly influencing the instal- lation of flexographic printing machines. Inline type flexographic printing machines with 6 colors & above find high adoption in developed econ- omies, especially European countries such as Germa- ny, the U.K., France, and Italy. Stack type flexographic printing machines with advancements in servo tech- nology are gaining traction in developing economies. The growth of flexographic printing machines is posi- tively impacted by their application in electronic prod- ucts. This has led to the growth of the global flexog- raphic printing machine market in countries such as China, the United States, Taiwan, South Korea, Japan, India, and Germany. The establishment of new manu- facturing units for flexographic printing machines and 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 promi- nent in terms of global market share and reach approx- imately a 57.8 percent share by the end of 2028. Based on coloring capacity, the 6-color & above segment is expected to remain prominent in the global flexog- raphic printing machine market, accounting for an es- timated value of $3.004 billion by 2028 end. 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. In terms of market value, the global flexographic print- ing machine market is projected to register a 6.5 percent CAGR during the forecast period and create an absolute financial opportunity worth $1,674.5 million.During the forecast period, APECJ and China are likely to witness high adoption of flexographic printing machines and reg- ister CAGRs of 6.6 percent and 6.8 percent, respectively.
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8 August 5, 2019 Flexo Market News
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