Increasing global packaging demand and growing printing requirements for advertising and print media will drive the growth of the global flexographic printing machine market over the forecast timeline. Increasing trend of converting simple package formats to flexible packaging due to benefits such as shelf life extension, lightweight nature, and easy open/close has increased the demand for flexographic printing machines and the trend is expected to continue over the forecast timeline.
The adoption of e-books and internet has increased tremendously since the past decade. However, the demand for magazines, newspapers, and books is still relevant. The production of posters, flyers, and newspaper inserts also gets benefited from the flexographic machine’s ability to efficiently and quickly deal with larger print jobs. The printing capabilities of these printers are fairly flexible which can be used on other surfaces. The increasing demand for marketing and advertising flexes, billboards, and other media is expected to indirectly drive the demand for flexographic printing machines over the forecast period.
Flexographic printing has a higher initial setup cost depending on the customization required. This increases the initial setup cost of the total printing equipment. The machine also has lower printing quality than lithographic printing and has trouble with printing smooth color gradients. Moreover, it is difficult for flexographic printing to inherently print both process tones and solids within the same image carrier. All these factors are expected to restrict the growth of the flexographic printing machine market over the forecast timeline.
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Gravure digital printing is emerging as a substitute to flexographic printing machines. Rotogravure printing equipment has premium print quality and can easily print photo images. The printing cylinder also lasts longer by printing high volumes with no deterioration in image quality. These printing benefits are expected to negatively impact the demand for flexographic printing equipment from 2018 to 2026. However, gravure printing machine also has disadvantages such as it does not have many coating options, requires high investment in tooling, and has larger minimums and longer lead times.
Company profiles include overview, major business strategies adopted, and key developments. Companies profiled in the global flexographic printing machine market include Aim Machintechnik Pvt. Ltd., Bobst Group SA, Comexi, Edale UK Limited, Heidelberger Druckmaschinen AG, Koenig & Bauer, Mark Andy Inc., MPS Systems B.V., Nilpeter A/S, OMET, Palm Paper Machine, Paper Converting Machine Company (PCMC), Polygraph Printing Technologies Ltd., Rotatek, SOMA Engineering, Windmoeller & Hoelscher Corporation, and Wolverine Flexographic LLC.