The Asia Pacific Flexographic Printing Market would witness market growth of 5.1% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 52,024 units, showcasing a growth of 5.2% (2019-2022).
In the packaging industry, where it is used to print labels, cartons, and flexible polymers, the market has attracted significant attention. Expanding beverages, food, and other packaging industries will benefit the market. Flexographic printing remains one of the most rapidly growing print processes and is no longer limited to printing specialty products. Flexography's ability to print on various substrates enables it to be used for various printed products. Due to flexography's capacity to print on nonporous substrates, the food packaging industry is significant.
The capacity further renders it suitable for printing on plastic containers. The method is excellent for packaging, wall coverings, timetables, books, laminated tetra paks, and food-related publications. Paper, card, polymer compounds, textiles, and even metalized films (polymers coated with a thin coating of metal) can serve as substrates for printing. The growing need for printing equipment that can be used for a variety of materials and other products with high adaptability and reassurance of operation, particularly for relatively long printing runs on all extensible plastic film, is expected to encourage the adoption of flexographic printing machines, which can operate at high speeds and are compatible with both water-based and oil-based inks.
The APAC region has one of the fastest-growing packaging industries in the world. The demand for flexible packaging, corrugated boxes, labels, and packaging materials for various consumer goods is a key driver of market growth. It is widely used for label printing in the APAC region, mainly in countries like China and India, where the labeling requirements for pharmaceuticals, food, beverages, and personal care products are substantial. Additionally, the flexible packaging sector is experiencing rapid growth. The booming e-commerce industry in APAC has led to a surge in the need for corrugated boxes, cartons, and labels for shipping and packaging. With the growing packaging demand in different sectors in this region, the market is expected to grow significantly in the coming years.
The China market dominated the Asia Pacific Flexographic Printing Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,237.5 million by 2030. The Japan market is registering a CAGR of 4.4% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 5.7% during (2023 - 2030).
Based on Application, the market is segmented into Corrugated Packaging, Flexible Packaging, Labels & tags, Cartons and Others. Based on Offering, the market is segmented into Flexographic Printing Ink (Water-based, Solvent-based, and Energy Curable) and Flexographic Printing Machine (Wide Web, Medium Web and Others). Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Global Flexographic Printing Market is Predict to reach $11.6 Billion by 2030, at a CAGR of 4.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Mark Andy, Inc. (AIP, LLC), MPS Systems B.V. (Capital-A), Nilpeter A/S, Koenig & Bauer AG, Tresu Investment Holding A/S (Altor Digital AB), Codimag, Anderson & Vreeland Inc., Bobst Group SA, Edale Ltd (Canon Production Printing) and Barry-Wehmiller Group, Inc.
By Application
By Offering (Volume, Units/Kilo Tonnes, USD Million, 2019-2030)
By Country
Unique Offerings Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
