Global value of flexographic printing in 2024 was $230.5 billion, and is forecast to increase at a 3.0 percent compound annual growth rate (CAGR) through to 2029, according to Smithers, global authority on print and packaging markets.
Data from its newly published market report — The Future of Flexographic Printing Markets to 2029 — show this will yield total value of $267.2 billion in 2029 (at constant 2023 pricing).
Flexo output is growing across most applications — notably packaging. It accounts for the overwhelming volume of corrugated board printed. Growth in this segment is forecast to continue; driven by economic demand, particularly from e-commerce and consumer-facing boxes.
Flexible packaging, labels, and folding cartons will also see solid growth. Changes in print buying will make digital more competitive with flexo on shorter runs. Digital printing is well established in labels as a mainstream technology that is competitive with flexo; however, the widespread adoption and strong ongoing sales of hybrid presses mean that flexo volumes are holding up and will continue to grow. In contrast, flexo printing of newspapers, bags and sacks, and envelopes will decline as demand in these end-uses falls.
Worldwide, output on flexo presses was 8.6 trillion A4 sheets in 2024. This will increase to 10.0 trillion in 2029.
The three largest regions for flexo printing are Asia, North America and Western Europe. Combined, these account for 81.0 percent of global volume and 83.1 percent of the value in 2024. Asia is forecast to experience strong growth at a 5.8 percent Compound Annual Growth Rate by volume for 2024-2029, with India the fastest growing national market. North America and Western Europe are mature regions for flexo print, and will grow more moderately — 2.3 percent CAGR and 1.7 percent CAGR, respectively — across the same period.
The flexographic machines market’s development is anticipated to be driven by the rising packaging industry, according to another recent study, this one from Business Research Company. With the aggressive growth of e-commerce, evolving consumer tastes, and health and safety worries, the packaging sector is expanding rapidly.
In the recent years, the market size for flexographic printing machines has seen robust growth. The market is projected to expand from $0.72 billion in 2024, to $0.77 billion in 2025, signifying a compound annual growth rate (CAGR) of 5.9 percent. The growth witnessed in the historical phase is due to factors such as improvements in printing technology, cost-efficiency, a rising need for packaging, environmental issues, globalization, and overall market broadening.
The market size of flexographic printing machines is projected to witness growth in the coming years, expanding to $0.95 billion by 2029 with a compound annual growth rate (CAGR) of 5.6 percent. The anticipated market surge during this period can be linked to the integration of digitalization and industry 4.0, growing demand for customisation and personalisation, sustainability initiatives, and the rise of emerging markets. Foreseen trends for this period include the adoption of hybrid printing solutions, enhanced automation, and robotics, a focus on improving operational efficiency, broadening application scope, creation of eco-friendly inks and substrates, as well as the incorporation of IoT and connectivity.
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