The North America Flexographic Printing Market would witness market growth of 4.0% CAGR during the forecast period (2023-2030). In the year 2019, the North America Flexographic Printing Machine market's volume surged to 34,311 units, showcasing a growth of 4.3% (2019-2022).
Flexographic printing is one of the most rapidly expanding printing processes and is no longer limited to printing specialty products. Flexography's ability to print on various substrates enables it to be used for different printed products. Due to flexography's capacity to print on nonporous substrates, the food packaging industry is a significant market. Flexography provides principal benefits for clients using spot colors and finishing procedures such as cold foiling, perforating, embossing, and lamination. Continued progress will likely reduce the price of these value-added processes and increase their prevalence.
Flexographic printing is capable of using non-toxic, quick-drying inks. These factors make flexographic printing accessible for food packaging printing. Primarily, it can be applied to packaging materials such as milk cartons, containers for food, beverage containers, and impermanent cups and containers. Due to their lightweight character, demand for folding cartons has increased worldwide. Quality assurance is vital for the physical carton and the final package print. In order to accommodate this growth and meet demand, printers are considering multi-site operations. In such a multi-site operation, print consistency becomes a significant obstacle.
The packaging industry in North America is a significant driver of flexographic printing adoption. Flexible packaging, corrugated boxes, labels, and folding cartons are among the key segments where flexography is extensively used. The region's growing e-commerce sector has also spurred demand for corrugated boxes, boosting flexo printing. Flexographic printing is the dominant technology for label printing in North America. It is used for producing labels for various applications, including food and beverage, personal care, pharmaceuticals, and industrial products. High-quality graphics, speed, and cost-effectiveness make Flexo ideal for label production. Mexico's packaging industry has experienced a notable expansion in recent years, driven by various factors that have created opportunities for flexographic printing.
The US market dominated the North America Flexographic Printing Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,271.9 million by 2030. The Canada market is experiencing a CAGR of 6.4% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 5.4% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The 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
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