Flexographic inks are inks transferred by the process of flexography, primarily used in the printing of packing materials (cardboard boxes, corrugated cardboard, paper bags and plastic bags, food packaging, labels, newspapers, catalogues, among others).
Asia Pacific is considered to be a dominant region for Flexographic Ink Market and its products, owing to the presence of some of the fast-growing economies such as China, India, South Korea.
The major factor that is expected to propel the growth of the Flexographic Ink Market during the forecast period include thw strong growth of the packaging industry, which is due to high demand from end-user industry, enabling product presentation & differentiation, competitive rivalry, and enhancement of the shelf-life of the product
Simultaneously, recent downturn of the Chemicals and Materials industry is likely to hinder the growth of the Flexographic Ink market during the forecast period.
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The demand for flexographic printing ink from packaging industry is increasing with the rising interest of packaging manufactures to develop attractive packaging. This leads to an increased demand for printing inks. The strong growth of the packaging industry is due to high demand from end-user industry, enabling product presentation & differentiation, competitive rivalry, and enhancement of the shelf-life of the product.
In addition, rising demand for printing inks in packaging application products, such as tags and labels, flexible packaging, and folding cartons, is estimated to drive the global printing ink market during the forecast period.
Flexographic printing inks market size will be majorly driven by the positive growth in the packaging industry. Mounting commercialization of flexible packaging owing to its widespread application across various consumer items will directly propel the flexographic inks size over the projected period.
Moreover, the product delivers efficient drying characteristics, which offers improved and swift printing rate. It is also required for high-speed printing processes due to its tendency to firmly follow the printing surface which will propel the industry size in the near future.
Further, the increasing FDI investments in emerging economies and stabilizing US economy further optimizes the chances of the growth of the market during the forecast period.
The flexographic ink posses volatile organic compounds (VOCs) and therefore it is stringently administered by the FDA regulations for packaging applications across food & beverage and cosmetic industry. This is expected to hamper the growth of the flexographic inks market size.
Moreover, recent downturn in Europe is likely to hinder the growth of the market during the forecast period.
Asia Pacific is the largest market for Flexographic Ink and the trend is expected to continue into the forecast period owing to the presence of some of the fast-growing economies such as China, India, South Korea and rising demand for convenient packaging solutions are some of the factors responsible for the growth of flexographic ink Market in Asia-Pacific region.
Moreover, rapidly increasing e-commerce market in the region also helped to grow flexible ink market in the Asia-Pacific. This strong growth is driven by increased GDP, increasing standard of living, increased per capita income, rising upper middle-class populations. All these online orders require the flexible packaging to support the shipment.
According to Future Market Insights, North America is expected to provide immense growth opportunities for Flexographic Ink, with the US expected to steer the bulk of all regional growth.
The US is one of the major producers of Flexographic Ink. North America Flexographic Ink Market is expected to witness tremendous growth during the forecast period.
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Some of the key participants present in the global Flexographic Ink market include DIC Corporation, Siegwerk Druckfarben AG & Co. KGaA, Toyo Ink SC Holdings Co., Ltd., Sakata Inx Corporation, Flint Group, T&K Toka Co. Ltd., The Braden Sutphin Ink Company, Alden & Ott Printing Inks Company, Nazdar Company Inc., and Color Resolutions International, among others.
Attributed to the presence of such high number of participants, the market is highly competitive. While global players such as DIC Corporation, and Siegwerk Druckfarben AG & Co. KGaA account for a considerable market size, several regional level players are also operating across key growth regions, particularly in the Asia Pacific.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of X% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2020 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022-2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Product Type, Application, Region |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; APEJ; Japan; Middle East and Africa |
| Key Countries Profiled | USA, Canada, Brazil, Argentina, Germany, UK, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC, South Africa |
| Key Companies Profiled | DIC Corporation; Siegwerk Druckfarben AG & Co. KGaA; Toyo Ink SC Holdings Co., Ltd.; Sakata Inx Corporation; Flint Group; T&K Toka Co. Ltd.; The Braden Sutphin Ink Company; Alden & Ott Printing Inks Company; Nazdar Company Inc.; Color Resolutions International |
| Customization | Available Upon Request |
North America is expected to be the most opportunistic Flexographic Ink market, expanding at a % CAGR
DIC Corporation, Siegwerk Druckfarben AG & Co. KGaA, Toyo Ink SC Holdings Co., Ltd., Sakata Inx Corporation, Flint Group, T&K Toka Co. Ltd., and The Braden Sutphin Ink Company, among others are some prominent Flexographic Ink manufacturers
| Market Value (2022) | USD 1.9 Billion |
|---|---|
| Market Value (2032) | USD 3.49 Billion |
| Market CAGR (2022 to 2032) | 5.2% |
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Flexographic Ink Market
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