The “North America Flexographic Printing Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” report has been added to ResearchAndMarkets.com’s offering.
The North America flexographic printing market registered a CAGR of 5% over the forecast period 2021-2026.
The flexographic printing market is evolving rapidly with consumer, retailer, and client demands requiring more color and design variation in packaging and labeling of the product with lower run lengths in economical price. Flexography is expected to gain the most share in the corrugated packaging driven by technological improvement resulting in higher-quality graphics.
With the rapid development and proliferation of microcomputer and software technologies, automation in the printing sector is fueling its adoption to minimize the human intervention for leaner operation processes that require less energy, less material, and reduced labor waste.
Also, advancements in make-ready and plate preparation (one of the processes in flexographic printing), which leads to faster turnaround time, is driving the automation in the industrial printing sector. Most of the equipment manufacturers are looking to deliver almost entirely harmonious solutions to operators from file preparation to finishing steps to provide a seamless experience.
Moreover, the advanced version of letterpress can print on a variety of materials, such as films, foils, papers, corrugated board, paperboard, non-woven fabrics, and different types of laminates, at a speed of 500 to 2000 feet per minute. The industry is also experiencing high demand for advanced machines to reduce the time and expertise required for prepress, platemaking, and plate changeovers to improve the recyclability of printed labels and packages with minimum waste and set-up errors.
For instance, Legacy Flexo Corporation has purchased the second Fusion C flexographic press manufactured by Paper Converting Machine Company (PCMC) in January 2020. The Fusion C has a smaller footprint with fewer parts and incorporates many fast make-ready and waste-saving features, including the innovative SteadyPrint technology. It is the only product on the market using this technology to eliminate disturbances and provide real-time monitoring.
Offset printing can influence the sales of new flexographic printing machines negatively; however, the rising adoption of automated flexographic printing machines and the increasing replacement rate expected to affect market growth positively.
Key Market Trends
Flexible Packaging is Expected to Witness Significant Growth
Changing consumer lifestyles and the increasing demand for snack products are driving the demand for packaged food products that offer an extended shelf life and sterility to food and convenience to the end consumers. Food products purchased through retail outlets need to be packaged in attractive, convenient, and lightweight boxes to minimize efforts required by consumers while carrying them as well as to maintain freshness.
The rising inclination is toward innovative, sustainable, and environment-friendly printing and packaging solutions in the food and cosmetic sector of North America to convey information about the product’s identity in the most reliable way. Consumers are now more aware and conscious about the product, which has created a greater need to develop food labels that are clear and can be trusted. It has compelled many manufacturers to adopt advanced technologies and expected to boost the market.
The pharmaceutical industry has also adopted a flexible packaging solution as it offers protection to the drug products and a wide range of packaging materials such as plastic films, paper, and foil to cater to a variety of sensitive drugs. Moreover, the rise of modern packaging technologies in the pharmaceutical industry, brands exploit the power of distinctive packaging design to stand out from the rest of its competition.
The North America flexographic printing market is highly competitive. It is dominated by a few major players like Barry-Wehmiller, Mark Andy, MPS Systems North America Inc., Flint Group, and Uteco North America. These major players, with a prominent share in the market, are focusing on expanding their customer base across foreign countries.
These companies are leveraging strategic collaborative initiatives to increase their market share and increase their profitability. However, with technological advancements and product innovations, mid-size to smaller companies are growing their market presence by securing new contracts and by tapping new markets.
Key Topics Covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Development of Advanced Equipment that Offer Shorter Turnaround Time with Greater Accuracy
4.2.2 Rapid Growth of Consumer Goods
4.3 Market Restraints
4.3.1 Offset Printing can Hinder the Growth of Flexographic Printing
4.4 Value Chain/Supply Chain Analysis
4.5 Porter’s Five Forces Analysis
4.6 Assessment of COVID-19 Impact on the Industry
5 MARKET SEGMENTATION
5.1.1 Narrow Web
5.1.2 Wide Web
5.1.4 Other Equipment
5.2.1 Flexible Packaging
5.2.2 Bags and Sacks
5.2.4 Folding Cartons
5.2.5 Corrugated packaging
5.2.6 Other Applications
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.2 Mark Andy
6.1.3 MPS Systems North America Inc.
6.1.4 Flint Group
6.1.5 Uteco North America
6.1.6 Heidelberger Druckmaschinen
6.1.7 Koenig & Bauer
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
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Laura Wood, Senior Press Manager
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