The Europe Flexographic Printing Market would witness market growth of 4.2% CAGR during the forecast period (2023-2030). In the year 2020, the Europe Flexographic Printing Machine market's volume surged to 26,554 units, showcasing a growth of 4.6% (2019-2022).
There is an increase in demand for packaging supplies for the protection and delivery of products due to trends such as the expansion of the e-commerce industry and online purchasing, which have contributed to the constant evolution of the packaging industry. As flexographic printing is a prevalent packaging printing technology, this factor also contributes to expanding the market. The packaging industry is driven by increasing consumer demand for packaged goods, contributing substantially to flexographic printing consumption as it is widely used for packaging materials such as labels, boxes, bags, and flexible packaging. There has been a surge in demand for packaging material to secure and deliver products due to the packaging industry's constant evolution in response to growing trends such as booming E-commerce and online shopping. The growth of this market is being aided by companies' demand for eco-friendly packaging solutions and heightened environmental consciousness.
Flexographic printing enables businesses to create market-distinctive custom designs and individuality. This helps brands distinguish themselves and establish a distinct identity in the minds of consumers. The flexibility afforded by the market is ideally adapted to producing customized packaging solutions in response to consumer demand for customization based on demographics, events, or seasons. Flexographic printing can incorporate variable data printing, including personalized text, images, and QR codes. This feature is especially beneficial for promotions, customized messages, and serialized labels. In addition, its printing efficacy enables the production of customized products in small quantities, catering to niche industries and micro-targeted audiences.
Flexographic printing is a dominant technology for label printing in Europe. The labeling requirements for various industries, including food and beverages, pharmaceuticals, and cosmetics, contribute to the growth of flexo printing. The need for flexible packaging solutions in Europe has grown significantly due to consumer preferences for convenience, sustainability, and lightweight packaging. Flexographic printing is well-suited for printing on flexible substrates. Germany's skilled and educated workforce contributes to efficient and productive manufacturing processes, including those in the market. The growing efficiency contributed to the growth of the market in this region.
The Germany market dominated the Europe Flexographic Printing Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $683.1 million by 2030. The UK market is exhibiting a CAGR of 3.4% during (2023 - 2030). Additionally, The France would experience a CAGR of 5% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Flexographic Printing Market will Hit $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
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