Global Flexographic Ink Market
Global Flexographic Ink Market was valued at US$ 4.70 Bn in 2019 and is expected to reach US$ 7.01 Bn by 2027 at a CAGR of 5.7 % during the forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
Global Flexographic Ink Market
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Global Flexographic Ink Market Dynamics:
Low cost and environment-friendly product offerings are likely to drive the demand for these flexographic inks, in turn, driving the growth of the flexographic ink market during the forecast period. The growing demand for flexographic inks owing to the growth of the printing industry is another factor likely to drive the growth of the flexographic ink market. Increasing FDI investments in emerging economies and stabilizing the U.S. economy further optimizes the chances of the growth of the market during the forecast period. However, the recent downturn in Europe and China is likely to hamper the growth of the market over the forecast period.
Global Flexographic Ink Market Segment Analysis:
The water-based flexographic ink segment accounted for more than 50% share, in terms of volume, of the global flexographic ink market in 2019. The water-based flexographic inks find applications in printing paper, corrugated cardboard, textiles, foils, plastics, and food packaging, as they offer advantages, such as less flammability, low VOC emissions, and stable viscosity during printing.
The flexographic ink market for flexible packaging applications recorded a CAGR of over 4.5% in the projected timeframe. Robust flexible packaging industry growth on account of escalating end-user industries like food & beverage, pharmaceutical, and cosmetics will subsequently boost the global flexographic inks market share in the coming years. Flexible packaging manufacturers are presenting digital and innovative printing techniques to expand their industry share. For instance, Skratch Lab redesigned its entire product portfolio with new digitally-printed and highly functional packaging creates for a more attractive shopping and user experience for fitness enthusiasts. It establishes superior characteristics including sealing, strength, aroma retention, and barrier against moisture. Moreover, it also plays an important role in improving exterior aesthetics, product differentiation, expanding the global flexographic ink by 2027.
Global Flexographic Ink Market Regional Insights:
The global flexographic ink market is expected to witness moderate growth during the forecast period. However, regions in the Asia Pacific (such as China and India) and in MEA (South Africa and Turkey) are expected to register healthy growth during the forecast period. Europe is projected to be the largest market for flexographic ink. Countries such as Germany, France, and the U.K. are markets with strong growth potential for flexographic ink. Following Europe, the next major market for flexographic inks is North America with prominent countries such as the U.S. and Canada. Asia Pacific flexographic ink market is also expected to witness a high growth rate with China being the major contributor to growth. In Latin America, Brazil, Peru, Chile are among the countries with potential demand for flexographic ink. Japan is another significant market for flexographic ink, with the majority of manufacturers located in the region.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data, and projections with a suitable set of assumptions and methodology. The report also helps in understanding dynamics, structure by analyzing the market segments by product type, end-user, and region and, projects the global market size. The report also provides a clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the flexographic ink market.
Global Flexographic Ink Market, Key Highlights:
• Global Flexographic Ink Market analysis and forecast, in terms of value.
• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Flexographic Ink Market
• Global Flexographic Ink Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
• Global Flexographic Ink Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
• Global Flexographic Ink Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Flexographic Ink Market are also profiled.
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Scope of the Global Flexographic Ink Market Report: Inquire before buying
Global Flexographic Ink Market, by Type
• Solvent-Based Flexographic Ink
• Water Based Flexographic Ink
• UV- Cured Flexographic Ink
Global Flexographic Ink Market, by Application
• Corrugated Containers
• Cartons
• Flexible Packaging
• Tags & Labels
• Paper & Plastic Bags
• Others (Newspapers, Catalogues, etc.)
Global Flexographic Ink Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key Players Operating in the Global Flexographic Ink Market:
• Sun Chemical Corp.Inc.
• SiegwerkDruckfarben AG & Co. KGaA
• DIC Corporation
• Flint Group
• Zeller+Gmelin GmbH & Co.
• RUCO Druckfarben
• T&K TOKA Corporation
• Wikoff Color Corporation
• INX International Ink Co.
• Sakata Inx (India) Pvt. Ltd.
• Toyo Ink S.C. Holdings
• The Braden Sutphin Ink Company
• Alden and Ott Printed Inks company
• Nazdar Company Inc
• Colour Resolutions International
• UVitec Printing Ink, Inc..
• Needham Inks Ltd,
• Sakata Inx pvt.ltd
• Flint Group
• ALTANA AG
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