NEW YORK, March 5, 2019 /PRNewswire/ -- Persistence Market
Research has published a new research study on the global
flexographic printing machine market in its latest report
titled "Flexographic Printing Machine Market: Global Industry
Analysis 2013–2017 and Forecast, 2018–2028."
Globally, the production of flexographic printing machines is
growing, supported by the demand from countries in APECJ,
North America, and Europe. Developments in flexographic printing
machines, such as automation and production of consumer goods and
newspapers are the key driving force behind the growing
installation of latest flexographic printing machines. The global
market for flexographic printing machines had witnessed substantial
progress in 2018 and is expected to reach a market value of
US$ 1,900.1 Mn by 2018. Additionally,
the global demand for flexographic printing machines will also be
influenced by growth in motion control systems and rising
urbanization in developing economies, such as India and China. Population growth has also been
directly influencing the installation of flexographic printing
machines.
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Inline type flexographic printing machines with 6 colours &
above find high adoption in developed economies, especially
European countries such as Germany, the U.K., France, and Italy. Stack type flexographic printing
machines with advancements in servo technology are gaining traction
in developing economies. The growth of flexographic printing
machines is positively impacted by their application in electronic
products. This has led to the growth of the global flexographic
printing machine market in countries such as China, the U.S., Taiwan, South
Korea, Japan, India and Germany. The establishment of new
manufacturing 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 flexographic printing
machines are expected to remain prominent in terms of global market
share, and reach approximately a 57.8% share by the end of 2028.
Based on colouring capacity, the 6 color & above segment is
expected to remain prominent in the global flexographic printing
machine market, accounting for an estimated value of US$ 3,004.4 Mn by 2028 end.
In 2018, China and APECJ were
pegged to be the attractive regions in the flexographic printing
machine market, accounting for more than 28% of the global market
share. Advancements in flexographic printing machines for printing
applications in electronic products are expected to drive the
demand in regions such as APECJ, China and North
America.
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Increasing demand for inline type flexographic printing machines
is expected to influence leading manufacturers to initiate joint
ventures with regional suppliers and distributors to intensify
their business. Bobst Group SA, Gallus (Heidelberger Druckmaschinen
AG), Koenig & Bauer, KOMORI Corporation, Mark Andy Inc.,
WINDMOELLER & HOELSCHER CORPORATION, Barry-Wehmiller Companies
are some of the key players operating in the global flexographic
printing machine market.
Manufacturers are channelizing efforts to increase their
manufacturing and distribution units to cater to the demand from
the rising import and export of new flexographic printing machines.
Further, the global flexographic printing machine market is
expected to be driven by new projects related to labelling,
packaging and food and beverage.
Long-term Outlook: In terms of market value, the global
flexographic printing machine market is projected to register a
6.5% CAGR during the forecast period and create an absolute $
opportunity worth worth US$ 1,674.5
Mn. During the forecast period, APECJ and China are likely to witness high adoption of
flexographic printing machines and register CAGRs of 6.6% and 6.8%,
respectively.
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The information presented in this review is based on a PMR
report, titled "Flexographic Printing Technology Market Key
Players: Bobst Group SA, Gallus (Heidelberger Druckmaschinen AG),
Koenig & Bauer, KOMORI Corporation, Mark Andy Inc., WINDMOELLER
& HOELSCHER CORPORATION, Barry-Wehmiller- Global Industry
Analysis, Size, Share, Growth, Trends, and Forecast 2018 -
2028."
Browse Research Release at @
https://www.persistencemarketresearch.com/mediarelease/flexographic-printing-technology-market.asp
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