Flexographic Printing Machine Market Expected to Reach $ 2,877.84 Million by 2027: Stratistics MRC
MARYLAND, GAITHERSBURG, UNITED STATES, October 12, 2021 /EINPresswire.com/ – The global flexographic printing machine market is worth $ 1,738.88 million in 2019 and is expected to reach $ 2,877.84 million by 2027, with a CAGR of 6.5% during the period forecast. Some of the key factors driving the growth of the market are the increasing demand for packaging and the growing popularity of billboards. However, the requirement of a high initial capital is the limiting factor for the growth of the market.
By end user, the food and beverage segment is expected to grow to a significant market share during the forecast period due to the high demand for packaging solutions. On the basis of geography, Asia-Pacific is expected to hold a considerable market share during the forecast period owing to the growth of the e-commerce industry and logistics sector in the region.
Some of the major players in the flexographic printing machine market include Heidelberger Druckmaschinen AG, Lohia Corp Limited, Nilpeter, KBA-Flexotecnica SpA, Rotatek, Mark Andy, WINDMOELLER HOELSCHER, Taiyo Kikai, Comexi, Weifang Donghang, PCMC, UTECO, BOBST, XI ‘A AEROSPACE-HUAYANG, and Ekofa.
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The Flexographic Printing Machine Market report provides in-depth study and industry forecast covering the comprehensive overview of the market which will help convey the customers and start-up strategies. The industry’s supply chain and market size, in terms of value, have been determined by extensive research methods. Our report enables readers to understand market details, latest trends, key drivers and restraints, opportunities, threats, volume and value forecast, and various investment opportunities for manufacturers operating in the global markets and regional. The Flexographic Printing Machine report also offers company profiling with detailed strategies, financial data, key products and recent developments as well as SWOT analysis of profiled players and Porters Five Forces for in-depth insights.
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