Printing Machine Market is Expected to Witness High Growth Owing to Rising Demand from Packaging Industry
The printing machine market involves a wide range of equipment used for various printing applications including flexography, offset lithography, gravure, screen, and digital printing. Printing machines are used across industries such as packaging, publication, labels and cards, textiles, and ceramics to print content on surfaces like paper, plastic, metal, glass, fabric, etc. The demand for printing machines is driven by the need for product labeling & branding, publication of books, newspapers & periodicals, and decoration of various surfaces. The advantages of printing machines include high production rates, versatility in printing various materials, consistent and repeatable results, and economic volumes for short & medium runs.
The Global printing machine market is estimated to be valued at US$ 47.6 billion in 2024 and is expected to exhibit a CAGR of 5.9% over the forecast period 2024 To 2031.
Key Takeaways
Key players operating in the printing machine market are Heidelberg Printing Machines AG, Koenig & Bauer AG, Bobst Group SA, KOMORI Corporation, and Rotatek S.A.
The packaging industry has been adopting flexible and digital printing to improve aesthetics and provide product information which is opening growth opportunities for printing machine manufacturers.
The Printing Machine Market Size is witnessing expansion in Asia Pacific and Middle East & Africa region due to growth of publishing, textile, and packaging industries in developing countries.
Market drivers
Rising demand from the packaging industry is a major factor contributing to the growth of the printing machine market. Growth in the e-commerce sector has increased the demand for customized and short run package printing which is driving the installation of digital & flexographic printing presses. The need for product identification and branding through labels and packaging is also positively impacting the market.
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The printing machine market involves a wide range of equipment used for various printing applications including flexography, offset lithography, gravure, screen, and digital printing. Printing machines are used across industries such as packaging, publication, labels and cards, textiles, and ceramics to print content on surfaces like paper, plastic, metal, glass, fabric, etc. The demand for printing machines is driven by the need for product labeling & branding, publication of books, newspapers & periodicals, and decoration of various surfaces. The advantages of printing machines include high production rates, versatility in printing various materials, consistent and repeatable results, and economic volumes for short & medium runs.
The Global printing machine market is estimated to be valued at US$ 47.6 billion in 2024 and is expected to exhibit a CAGR of 5.9% over the forecast period 2024 To 2031.
Key Takeaways
Key players operating in the printing machine market are Heidelberg Printing Machines AG, Koenig & Bauer AG, Bobst Group SA, KOMORI Corporation, and Rotatek S.A.
The packaging industry has been adopting flexible and digital printing to improve aesthetics and provide product information which is opening growth opportunities for printing machine manufacturers.
The Printing Machine Market Size is witnessing expansion in Asia Pacific and Middle East & Africa region due to growth of publishing, textile, and packaging industries in developing countries.
Market drivers
Rising demand from the packaging industry is a major factor contributing to the growth of the printing machine market. Growth in the e-commerce sector has increased the demand for customized and short run package printing which is driving the installation of digital & flexographic printing presses. The need for product identification and branding through labels and packaging is also positively impacting the market.
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