There will be an increase in growth in global flexographic output through 2025, during a period of uncertainty and change. The global value of flexographic printing will rise from $167.7 billion in 2020 to $181.1 billion in 2025, with a compound annual growth rate (CAGR) of 1.6% at constant prices, driven by package and label printing as well as sanitary/kitchenware. The fastest growing regional markets will be Asia and Eastern Europe.
New flexo press sales are projected to increase by 0.4% per annum between now and 2025 to 1,362, valued at $1.62 billion – complemented by a thriving secondhand and press enhancement/refurbishment sector. Consumables demand will grow steadily, with flexo printing ink sales growing at 2.5% per annum in constant value terms to $6.66 billion by 2025, flexo plates at 3.1% per annum to $1.69 billion and flexo sleeves at 4.6% per annum $34.7 million.
What will you discover?
- In-depth market forecasts segmented by technological developments, consumables, application and geographic region
- Comprehensive analysis of key market drivers and trends in the flexographic printing market to 2025
- How the flexographic printing market is managing the digital challenge.
Who should buy the report?
- The technological developments, which will address the increasing desire for shorter runs as the digitalisation drive continues
- How consumer trends continue to drive the need for shorter, more customised manufacturing runs in consumer goods and packaging
- The impact changes to sustainability measures are having upon the printing industry and how flexographic printing is adapting accordingly.
The Smithers methodology
- Material suppliers
- Manufacturers of flexographic press and prepress equipment
- Suppliers of flexographic printing inks, plates and sleeves
- Flexographic press operators
- Packaging converters and printers
- Consultants and analysts
This report is based on extensive primary and secondary research. Primary research consisted of targeted interviews with printing material suppliers, converters and experts drawn from key markets.
This was supported by secondary research in the form of extensive literature analysis of published data, official government statistics, domestic and international trade organisation data, company websites, industry reports, trade press articles,
presentations, and attendance at trade events.
About the author:
DAVID ZWANG has been helping companies increase their productivity, margins and market reach for over 40 years. He specialises in process analysis, automation, engineering, and strategic development of firms in the fields of publishing and
packaging across the globe.
His expertise in production optimisation, strategic business planning, market analysis, and related and has transformed many businesses. He is currently the Chairman of the GWG (Ghent Workgroup) and sits on many national and international standards bodies.
FREE report - THE IMPACT OF COVID-19 ON THE PRINTING INDUSTRY
When purchasing a copy of this report you will also recieve a free copy of our brand new report THE IMPACT OF COVID-19 ON THE PRINTING INDUSTRY.
COVID-19 will create permanent changes in printing demand. This new report builds upon solid socio-economic data and expert technical/market insight to assess the magnitude of these changes.
The report presents three scenarios, and models how the markets are likely to evolve in the immediate short-term and over the next five years, based on an in-depth assessment for each printed product, print process and geographic region.
The three scenarios – mild impact, probable impact and pessimistic – each show a fall in print demand, with labels and packaging least affected. Publishing output will fall most accelerating the existing decline, although there are short-term boosts for books. In commercial print lower marketing spend by businesses in recession depresses demand with volume and values falling, packaging and labels will grow but at a lower rate than previously forecast.
As part of the methodology, Smithers experts – led by Dr. Sean Smyth - interviewed printing and packaging companies across the global value chain (including equipment, paper, ink and plate suppliers) to ensure the market data and analysis is grounded in reality. The economic foundation of the model is the April forecast from the IMF.
There will be major industry re-structuring with weak print companies and suppliers failing as demand falls. Remaining companies will innovate and diversify, producing PPE equipment an early example as companies collaborate and widen the range of products and services they offer, with routes to market changing toward on-line.
This report is a critical tool to help navigate this disruption, identify potential threats as well as opportunities, and aid strategic planning as the entire printing industry faces a truly disruptive event that will accelerate many longer-term trends.
Smithers is providing THE IMPACT OF COVID-19 ON THE PRINTING INDUSTRY
immediately to existing customers of this report.