Market
Flexography Controls 70 Percent of Packaging Prepress Market
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Datas are in Transparency Market Research Report
Transparency Market Research has forecast packaging prepress revenues to grow 4 percent annually each of the next five years . Revenues will approximate $ 5 billion at close of 2027 , with flexography holding the largest and steady market share of 70 percent and the US dominating global sales activity , accounting for better than 30 percent . The findings come in Prepress for Packaging Market Insights , Trends & Growth Outlook .
Further details brought to light in the US market intelligence firm ’ s briefing paper indicate that , “ Adoption of flexographic printing is on the rise , and by the end of 2027 , flexography is projected to attain a value of $ 3.6 billion .” Other demographics cited :
• Globally , the prepress for packaging market was valued at $ 3.9 billion in 2021 , up from $ 3.8 billion in 2020 , $ 3.6 billion in 2019 and $ 3.5 billion in 2018
• The US accounted for more than 30 percent of the global market share in the last three years , attributable to increasing technological developments in print and packaging industries in the region . It is anticipated to retain its top position till 2027 and is projected to witness a moderate compound annual growth rate ( CAGR ) during the forecast period
• China , India and other regional countries represented the second-largest regional share in prepress for packaging , owing to increasing population that translates into strong demand for flexible packaging the digital printing segment is expected to witness the highest growth at a CAGR of around 4.4 percent over the stipulated timeframe .”
TMR ’ s team insisted , “ Growing consumer affinity toward innovative and attractive packaging , coupled with advances in flexographic and digital printing , are leading factors driving the growth of the prepress for packaging market .”
Of particular note : “ As technology continues to evolve , new printing techniques have increased demand for computer-generated layouts … Over the past decade , consumer interests toward packaging has increased at an exponential rate , which , in turn , has compelled brands to focus on the aesthetic aspects of their packaging designs .”
Here too , they singled out the significance of flexography ’ s impact . “ The flexographic printing technique offers brands the flexibility of printing on an array of materials , including cellophane , metallic films , plastic and paper , among others . Further , this technique is increasingly being used to print large areas of solid color , particularly on packages in the food and beverage sector , as flexographic printing allows high-definition printing on roll stock or polybags . It improves clarity of the graphics on packages by a significant margin .”
TMR maintained , “ The onset of innovative technologies , globalization and rapidly evolving consumer interests is prompting players operating in the prepress for the packaging sector to introduce solutions that focus on customization and sustainability .” That observation prompted this prediction : “ Digital and flexographic printing are set to gain significant popularity over the forecast period , as these techniques are cost-effective , improve the supply chain and also play an important role in reducing waste .”
• Europe is anticipated to witness sluggish growth in the global prepress for packaging market during the forecast period
Analysts reported , “ Companies operating in the prepress for packaging market are leveraging flexographic printing ’ s benefits to solidify their foothold in the market ”; but also observed , “ Despite the dominance of flexographic printing ,
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