The global Backlit Flex Banner Market size was significantly large in 2020, and is expected to continue to register a rapidly inclining revenue CAGR between 2021 and 2028. Key factors responsible for driving market revenue growth are cost-effectiveness of banners, along with easy availability and quick deployment. Moreover, due to lasting image of being a noteworthy mass medium for advertisement, as a large and colorful banner is capable of creating an even more staggering impact, flex banners are continuously gaining traction around the world.
Flex banner, commonly known as canvas, is a PVC material made up of organic compound mixes printed and installed by all classes of business establishments. It is convenient to be able to print on it as flex banner is extremely sturdy and lightweight. Flex banner prints are a type of advertisings tailored to needs of professionals in the area. Flex banner is a cost-effective and long-lasting material used in digital printing business.
Top Companies Operating in the Global Backlit Flex Banner Market Report:
- 3M Corporation
- ADDICA INDUSTRIES LLP
- Cleena Industries Pvt. Ltd.
- Cooley Brand
- Hongshida
- LG HAUSYS
- Pioneer Flex
- Qrexflex
- SHANGHAI HANKER INDUSTRIAL CO., LTD
- Ultraflex Systems Inc.
- ULTRALON
- UNIFLEX
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Revenue growth in the global consumer goods market is primarily due to factors such as the rapid increase in the world population, the growing demand for food and other essential goods, including healthcare nutrition, personal care hygiene, and electronic products. Consumer preferences and lifestyles are changing significantly, the demand for packaged and processed food and beverage products is rising, and the number of people working is increasing. There has been a rapid adoption of cutting-edge technologies such as artificial intelligence (AI), IoT (Internet of Things), big data analytics, robotics automation in the consumer goods industry. Other key factors driving the growth of the global consumer goods market include a growing awareness of the adverse environmental impacts of plastic packaging and a growing demand for eco-friendly and sustainable packaging solutions. Rising income levels in developing economies such as India and stringent government regulations for product quality and safety are expected to boost market revenue growth in the near future.
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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Further market segmentation
Product Type Outlook (Revenue, USD Billion; 2018-2028)
- Frontlit Flex Banners
- Backlit Flex Banners
- Block Out Flex Banners
- Black/Grey Back Flex Banners
End-use Outlook (Revenue, USD Billion; 2018-2028)
- Retail
- Entertainment
- Sports Leisure
- BFSI
- Others
Key Takeaways of the Global Backlit Flex Banner Market Report:
- A comprehensive overview of the global Flex Banner industry.
- Accurate market projections in terms of market size, share, and volume.
- Thorough study of the global market dynamics, such as major market revenue growth drivers, opportunities, threats, challenges, restraints, and future growth avenues.
- Deep-dive analysis of the upcoming market trends.
- Qualitative and quantitative analyses of the global Backlit Flex Banner Market.
- Elaborate study of the leading regional markets in the global Backlit Flex Banner Market.
- Complete overview of the market’s competitive landscape.
- Brief look at the company profiles and portfolios.
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