Flexography accounts for nearly 60 per cent, or just more than $260 billion, of the $440 billion printed packaging market.
World’s flexographic printing market has expanded more than one third, from € 83 billion in 2002 to € 112 billion in 2012, with an average annual growth of 3.5 per cent.
The Indian Printing Industry is growing at a rate of 12 per cent per annum. Printed packaging accounts for around 27 per cent of the demand. Wherein, the folding carton market is growing at 5.1 per cent annually, and will reach $184 billion by 2018. Total volume of converted folding carton grew by over 1 per cent to reach 47.4 million tons in 2012.
Overall, Flexographic printing is on a growth scale due to demand for more attractive packaging from FMCG and other allied industries