DUBLIN – (COMMERCIAL THREAD)–The “Flexographic Printing Machine Market – Growth, Trends, COVID-19 Impact, and Forecast (2021 – 2026)” the report was added to ResearchAndMarkets.com offer.
The flexographic printing machines market is expected to register a CAGR of 11.3% during the forecast period (2021 – 2026).
Wolverine Flexographic LLC (Crosson Holdings, LLC)
Bobst Group SA
Edale UK Limited
Heidelberger Druckmaschinen AG
MPS Systems BV
Koenig & Bauer AG
Mark Andy Inc.
Star Flex International
Windmoeller & Hoelscher Corporation
Orient Sogyo Co., Ltd.
Key market trends
Food and beverages expected to hold the largest market share
The food and beverage industry is a major consumer of flexible packaging products such as films, pouches and many more which are printed using flexographic printing machines. The increasing consumption of such packaging is expected to strengthen the market demand for such machines during the forecast period.
In February 2018, Constantia Flexibles announced its intention to build a flexible packaging factory, investing INR 1 billion. The plant would be equipped with a state-of-the-art flexo printing press and laminators capable of producing recyclable high barrier laminates.
The food and beverage industry is governed by strict regulations regarding the use of inks on packaging and labeling. As flexographic printing involves the use of fast-drying, non-toxic inks, it is desirable in food and beverage packaging printing and is expected to drive the adoption of flexographic printing machines during the period. forecast.
In March 2018, China’s National People’s Congress (NPC) adopted a major cabinet reshuffle plan that impacts China’s food regulatory regime, including food contact materials, and established three new regulatory agencies, namely State Market Regulatory Administration (SMRA), National Health Commission (NHC). , Ministry of Agriculture and Rural Affairs (MARA). Such cases are indicative of the fact that the market is about to grow.
Asia-Pacific Expected to Record Highest Growth Rate
The e-commerce industry in the region is growing rapidly which is one of the important factors that would fuel the adoption of flexographic printing machines during the forecast period as flexographic printing plays a role essential in printing labels, corrugated cardboard which are widely adopted. across the industry. For example, according to Invest India, the e-commerce market in India is also expected to grow at a CAGR of 30% for the gross value of goods to reach USD 200 billion by 2026 and have a market penetration of 12% versus 2%. currently.
The growth of the logistics industry in the region, which is one of the largest consumers of packaging and printed labels, is expected to drive the market growth during the forecast period. For example, according to the National Development and Reform Commission (NDRC), the total value of social logistics during the period January-July (2019) increased 5.9% year-on-year to 163.8 trillion yuan (about 23.1 trillion dollars). .
In addition, the growing government initiatives to boost the manufacturing industry in the region are also one of the major factors that would boost the adoption of flexographic printing machines during the forecast period. For example, in June 2019, Flipkart, in an effort to reduce costs and comply with government Make in India standards, outsourced a significant portion of private label manufacturing and sourcing to India from China and India. Malaysia.
Some of the major market players through strategic partnerships are entering the region in order to increase market presence. Such partnerships are expected to expose the region to new and innovative product offerings, thereby fueling the adoption of flexographic printing machines during the forecast period.
Main topics covered:
1.1 Hypotheses of the study and market definition
1.2 Scope of the study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market overview
4.2 Market drivers
4.2.1 Growing need for high production speeds
4.3 Market restrictions
4.3.1 Higher initial installation cost
4.4 Industry Value Chain Analysis
4.5 Industry Attractiveness – Porter’s Five Forces Analysis
4.6 Assessment of the impact of Covid-19 on the market
5.1.2 Plastic films
5.1.3 Metallic films
5.1.4 Corrugated cardboard
5.2 End-user industry
5.2.2 Food and drink
5.2.4 Consumer electronics
5.2.6 Print media
5.3.1 North America
5.3.4 Latin America
5.3.5 Middle East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Company profiles
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information on this report, visit https://www.researchandmarkets.com/r/geluwl