In 2018 the global Flexographic Printing Machine market was valued at US$ 998 Mn and by the end of the assessment year (2023), it is estimated to touch a value more than US$ 232.9 Mn growing at a value CAGR of 2.23% throughout the period of forecast.
City of Industry, CA -- (SBWIRE) -- 08/29/2018 -- New report published by QY Research which offers insights on the global Flexographic Printing Machine market. The Flexographic Printing Machine market has been experiencing steady growth graph since past years. During the 2017-2023 timeline, the global market for Flexographic Printing Machine is expected to reflect increase in the revenue growth.
Global Flexographic Printing Machine Market: Market Driver and Restraint
Applications of Flexographic Printing Machine are anticipated to create new business segments in the market. Flexography (often abbreviated to flexo) is a form of printing process which utilizes a flexible relief plate. It is essentially a modern version of letterpress which can be used for printing on almost any type of substrate, including plastic, metallic films, cellophane, and paper. It is widely used for printing on the non-porous substrates required for various types of food packaging (it is also well suited for printing large areas of solid colour).
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Despite a clear disadvantage, there is no shortage of businesses that opt for flexography. Quick evaporation of inks in flexography makes it a safe alternative for flexible food packaging. Today, flexographic printing is still used in milk cartons, candy bar wrappers, envelopes, and even newspapers.
Global Flexographic Printing Machine Market: Key Takeaways
Certain governmental regulations require that food packaging containers be printed with ink that will not wear off, flake, separate or otherwise degrade. Added to this challenge is the fact that most food packaging is comprised of plastic, cellophane or other non-porous materials to which traditional inks won't adhere. With flexography, printings are bonded to the surface without the threat of deterioration or safety risk to consumers.
Due to its exacting ink control systems, one of the best advantages of flexographic printing is the ability to generate solid colors on both porous and non-porous substrates. In other printing processes, several layers of ink are required to attain the proper saturation and richness. Because the ink used in flexographic printing is able to dry quickly or cure without the need for drying time, several layers can be applied within a short amount of time.
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Global Flexographic Printing Machine Market: Forecast by Application
The major applications of flexographic printing machine are flexible packaging, label manufacturing, corrugated and others. Among them flexible packaging occupied the largest market share of 37%.
Global Flexographic Printing Machine Market: Forecast by Form
This segment includes unit-type machine and central impression type. In terms of volume, central impression type is the larger segment and the market share is 53.92%.
Global Flexographic Printing Machine Market: Forecast by Region
Europe, North America, Japan, China and India are the five regions that are included in this report. Europe, occupied 45.75% production market share in 2017, is remarkable in the global Flexographic Printing Machine industry because of their market share and technology status of Flexographic Printing Machine.
Global Flexographic Printing Machine Market: Key Players
BOBST, PCMC, Heidelberger Druckmaschinen AG, Mark Andy, Nilpeter, UTECO, Comexi, KBA-Flexotecnica S.p.A., are the key vendors included in this report.
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About QY Research
QY Research established in 2007, focus on custom research, management consulting, IPO consulting, industry chain research, data base and seminar services. The company owned a large basic data base (such as National Bureau of statistics database, Customs import and export database, Industry Association Database etc), expert's resources (included energy automotive chemical medical ICT consumer goods etc.