According to a new industry research report published by Fact.MR, a market research and competitive intelligence provider, the global Flexographic Printing Technology Market is projected to reach a valuation of US$2.86 billion in 2024 and further expand at 6.5 percent Compound Annual Growth Rate over the next ten years. Due to rising consumer demand and increasingly stringent safety regulations, the packaging industry is growing globally, especially in sectors such as food and beverages, pharmaceuticals, e-commerce, personal care, and others.
The North American market is seeing an increase in demand for flexographic printing technology due to the growing emphasis on sustainability and the use of eco-friendly materials and inks.
East Asia’s market is growing at a noteworthy compound annual growth rate because of ongoing modernization and rising consumer demand for packaged products.
The worldwide market of flexographic printing technology is forecasted to hit US$ 5.38 billion by 2034; North America is analyzed to hold 24.6 percent of the global market share in 2024.
The East Asia market is estimated to generate revenue worth US$ 655.9 million in 2024.
Global sales of stack-type press are evaluated to rise at 6.6 percent CAGR between 2024 and 2034.
Demand for automatic flexographic printing technology is forecasted to reach a worth of US$ 3.11 billion by 2034.
