The flexographic printing market size was valued at $8.8 billion in 2023 and is projected to reach $12.85 billion by 2032, growing at a CAGR of 4.3 percent from 2024 to 2032, according to a new report from SNS Insider.
With the rise in environmental consciousness, consumers are placing more importance on brands that utilize recyclable, biodegradable, and sustainably sourced materials. This change is pushing companies to modify their production methods to meet sustainability objectives. Flexographic printing, renowned for its speed and flexibility, is especially well-suited for this shift, said the report.
Furthermore, improvements in flexographic technologies, including the creation of low-energy drying systems and better ink formulations, have also increased its environmental advantages.
In 2023, the wide web segment captured the largest market share of 54 percent. The flexible packaging segment led the market in 2023, holding 44 percent of the market share.
Asia-Pacific dominated the flexographic printing market in 2023 with a 36 percent revenue share. The region’s rapid industrialization and booming packaging sector, particularly in countries like China and India, contribute to this growth. North America is expected to experience the fastest growth rate in the flexographic printing market, due to technological advancements, a strong packaging industry, and increasing consumer demand for sustainable packaging solutions.
