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The global flexographic printing market is estimated to grow at a CAGR of 13.5% during the forecast period. Print media plays an essential role in the communication between manufacturers and consumers and helps shipping companies manage the movement of the goods. Printed goods and articles provide information and help manufacturers build products and brand image in the consumer’s subconscious. Printing is extensively employed in label printing, which is used across the packaging industry. Wherein printed labels provide information about the product to consumers. For serving such a huge need for printing applications, flexographic printing machines are most commonly preferred. Flexographic printing machines are incredibly efficient for printing at high speed and across the domains.
Top Driver: Low Maintenance Cost and Extended Application Various Sectors
The need for providing information regarding the usage and handling of the product and consumer preference for e-retail formats for obtaining goods is driving the growth of the global flexographic machine market. Low maintenance cost, cost-effective initial installation, and ease of operation of the flexographic machine are fueling the demand in the flexographic machine market. On the other hand, the rotogravure printing machines are gaining popularity in the printing market on the backdrop of their capabilities for printing complex designs, which are difficult to attain using flexographic printing technology. Besides printing on luxury packaging, flexographic printing machines are expected to dominate the market due to their ability to print at high speed and increase non-toxic water-based inks.
Food & Beverage Segment Accounts for the Largest Market Share
The global flexographic printing market is segmented into Food & Beverage, Pharmaceutical, cosmetics, and others based on the end-user industry. The food and beverage industry is one of the prominent users of flexible packaging products such as pouches, films, and many more printed using flexographic printing machines. The growing consumption of such packaging is expected to drive such machines’ market demand over the forecast period. The food and beverage industry is regulated by stringent norms pertaining to inks’ usage on the packaging and labeling. As the flexographic printing includes the usage of quick-drying and non-toxic inks, it is preferable in the printing of food & beverage packaging. It is expected to propel the adoption of flexographic printing machines during the forecast period. Based on the material, the market is segmented into paper, plastic films, metallic films, and corrugated cardboard.
Asia Pacific to Witness Significant Growth in the Coming Future
The Asia Pacific is expected to dominate the flexographic machine market during the forecast period due to the presence of the flexographic machine manufacturers in the region. Following the Asia Pacific, North America and Europe region are expected to bolster the flexographic machine market on the backdrop of market alignment in the region. Latin America is estimated to contribute a small but rapidly proliferating market share in the flexographic machine market. The Middle East and Africa region are expected to grow stagnantly in the flexographic machine market over the forecast period.
Players to Focus on Product Innovation
The major player operating in the market are Aim Machintechnik Pvt. Ltd., R.K. LABEL PRINTING MACHINERY (P) LTD, Wolverine Flexographic LLC, Printing Machine.co.in., Star Flex International, Rotatek, Edale UK Limited, Nilpeter A/S, Polygraph Limited, Shanghai Printyoung International Industry Co., Ltd., Shanghai Liu Xiang General Equipments Co., Ltd., Dongguang Xinghui Carton Machinery Co.
OMET: In August 2019, OMET introduced OMET X7, the latest addition to the XFlex line, a flexographic printing machine for labels and flexible packaging with 670mm (26 “) web width, having ability to carry out the most complex jobs in a simplest way.
Mark Andy: In September 2019, Mark Andy launched the Evolution Series to its suite of flexographic offerings that are available in in 13” and 17” (330 and 460 mm) web widths with production speeds up to 750 fpm (230 m/m).
Scope of the Report
By Type
By Application
By End-User
By Region
Key Reasons to Purchase this Report
Table of Content
Chapter 2 Our Research Practice
Chapter 4 Covid-19 Impact Analysis
4.3 Key Factor Impact Analysis
Chapter 5 Global Smart Greenhouse Market Forces
5.2 Porter’s Five Forces Analysis
5.2.2 Threats From New Entrants
5.2.4 Threat From Substitute Product
Chapter 6 Global Smart Greenhouse Market -Industry Snapshots
6.1.1 Global Smart Greenhouse Market Value, 2019 – 2028, (US$ Bn)
6.2.2 Restraint/Challenges analysis
6.3 Supply Chain/Value Chain Analysis
Chapter 7 Global Smart Greenhouse Market Analysis, by Type
7.2 Key Findings for Smart Greenhouse Market- By Type
7.2.1 Smart Greenhouse Market- Hydroponics
7.2.2 Smart Greenhouse Market- Non-hydroponics
Chapter 8 Global Smart Greenhouse Market Analysis, by Component
8.2 Key Findings for Smart Greenhouse Market- By Component
8.2.1 Smart Greenhouse Market- HVAC Systems
8.2.2 Smart Greenhouse Market- LED Grow Lights
8.2.3 Smart Greenhouse Market- Control Systems & Sensors
Chapter 9 Global Smart Greenhouse Market Analysis, by End User
9.2 Key Findings for Smart Greenhouse Market- By End User
9.2.1 Smart Greenhouse Market- Retail Gardens
9.2.2 Smart Greenhouse Market- Commercial Growers
9.2.3 Smart Greenhouse Market- Research & Educational Institutes
9.2.4 Smart Greenhouse Market- Others
Chapter 10 Smart Greenhouse Market Analysis by Region
10.1 Key Findings for Smart Greenhouse Market- By region
10.2.1 Global Smart Greenhouse Market Analysis, By Type, 2019 – 2028
10.2.2 Global Smart Greenhouse Market Analysis, By Component, 2019 – 2028
10.2.3 Global Smart Greenhouse Market Analysis, By End User, 2019 – 2028
10.3 Smart Greenhouse Market – North America
10.3.5 North America Market, By Type
10.3.6 North America Market, By Component
10.3.7 North America Market, By End User
10.4 Smart Greenhouse Market – Europe
10.4.8 Europe Market, By Component
10.4.9 Europe market by, End User
10.5 Smart Greenhouse Market – Asia Pacific
10.5.6 Asia Pacific Market, By Type
10.5.7 Asia Pacific Market, By Component
10.5.8 Asia Pacific Market, By End User
10.6 Smart Greenhouse Market – SAMEA
10.6.2 Middle East & Africa (MEA)
10.6.5 South America, Middle East and Africa Market, By Type
10.6.6 South America, Middle East and Africa Market, By Component
10.6.7 South America, Middle East and Africa Market, By End User
Chapter 11 Market Competition Analysis
11.1 Market Share/Positioning Analysis
11.1.1 Market Positioning of Key Vendors, 2019
11.1.2 Key Strategies Adopted by the Leading Players
Chapter 12 Company Profiles- Snapshot
12.2 Argus Control Systems Limited
*More than 10 Companies are profiled in this Research Report*
*Financials would be provided on a best efforts basis for private companies”
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