The increase in demand for packaging printing ushered in great development
According to Smithers’ latest exclusive research, the global value of flexographic printing will grow from $167.7 billion in 2020 to $181.1 billion in 2025, a compound annual growth rate (CAGR) of 1.6% at constant prices.
This equates to the annual production of flexo printing from 6.73 trillion A4 sheets to 7.45 trillion sheets between 2020 and 2025, according to the Future of Flexo Printing to 2025 market report. Mailer box
Much of the additional demand will come from the packaging printing sector, where new automated and hybrid press lines give flexographic printing service providers (PSPS) greater flexibility and the option to leverage higher value printing applications.
The 2020 global Covid-19 pandemic will have an impact on growth due to disruptions in supply chains and consumer purchases. In the short term, this will exacerbate changes in buying behaviour. The dominance of packaging means flexo will recover more quickly from the pandemic downturn than any other similar sector, as orders for graphics and publications will fall more sharply. Jewelry box
As the global economy stabilizes, the biggest growth in flexo demand will come from Asia and Eastern Europe. Flexographic new sales are expected to grow 0.4% to $1.62 billion in 2025, with a total of 1,362 units sold; In addition, the used, refurbished and print-enhanced markets will also flourish.
Smithers’ exclusive market analysis and expert surveys have identified the following key drivers that will impact the flexographic market over the next five years: Wig box
◎ Corrugated cardboard will remain the largest value area, but the fastest growing applications are in label and folding carton printing;
◎ For corrugated substrates, the lower running speed and packaging work available for shelves will be increased. Most of these will be high-color products with three or more colors, providing higher returns for the PSP;candle box
◎ The continuous growth of corrugated and carton production will lead to the increase of wide-format paper installations. This will lead to additional sales of folding carton paste machines to meet post-press requirements;
Flexo remains the most cost-effective printing process in the medium to long term, but the continued development of digital (inkjet and electro-photographic) printing will increase market pressure on flexo to meet changing consumer needs. In response to this, especially for short-term jobs, there will be a push to automate the flexo printing process, progressive improvements in computer platemaking (ctp) processing, better print colour checking and imaging, and the use of digital workflow tools; candle jar
Flexo manufacturers will continue to introduce hybrid presses. Often the result of partnerships with digital printing technology companies, which combine the advantages of digital processing (such as variable data printing) with the speed of flexo printing on a single platform;
◎ Enhanced flexo printing and bushing technology to improve image reproduction and minimize time spent in cleaning and preparation; Eyelash box
◎ The emergence of more advanced post-press equipment to achieve better printing embellishment and exquisite design effect;
◎ Adopt a more sustainable printing solution, using water-based ink set and led UV-curing.
Post time: Dec-14-2022