Flexo-ink Market Leading by Sun Chemical Group, Flint Group, TOYO INK SC HOLDINGS CO. and Others

Flexo-ink market is projected to reach USD 6,840.5 million in 2016 and expected to reach USD 10,030.3 million in 2023 with a CAGR of 5.72%.

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The Global Flexo-ink Market is expected to witness a significant growth by 2023 with CAGR of 5.72%. The prominent factors fuelling the growth of flexo-ink market are, new technologies and growing demand of solvent based inks in flexible packaging. Moreover, rising demand for packaged food and beverages has led to development in labelling industry which ultimately upsurge the flexographic printing ink in quality products and services. Apart from this, favouring government regulations and improved performance are key to future gains in the water based flexo-ink market.

Flexo-ink Market - Intended Audience

Flexo-ink manufacturers
Traders and distributors of Flexo-ink
Production Process industries
Potential investors
Raw material suppliers
Nationalized laboratory
Competitive Analysis

Flexo inks are produced with mixture of resins, additives, pigments, surfactants, adhesion promoters and micro amounts of deformers and silicones to provide excellent properties with cost advantages. Flexo inks are available in three forms, water based, solvent based and UV based. Solvent based flexo inks are ideal for plastics films, wallpaper and commercial uses while water based inks works well with porous materials like cardboard and paper. However, with increase in achievable quality combined with savings in downtime and waste have made UV Flexo inks one of the popular standardised ink in the sector

Flexo-ink Market - Key Findings

Global Flexo-ink market is projected to reach USD 6,840.5 million in 2016 and expected to reach USD 10,030.3 million in 2023 with a CAGR of 5.72%.
Asia Pacific accounted for largest share due to easy availability of raw material, lower labor cost and minimal legislations by government regarding usage of VOCs contain inks in end user industries like packaging, label and paper.
Key players including SunChemical, Flint Group, Toyo Ink and Siegwerk among others are investing more into product development and shifting towards UV based inks owing to zero VOC contain and high profit margin.
Flexo-ink market is a fragmented market, however, tier 1 and tier 2 manufacturers dominate the market share.
Asia Pacific dominate the market accounting for 40%, followed by Europe and North America. Asia Pacific is forecast to be the fastest growing region in Flexo-ink market at close to 6.09% CAGR from 2017 to 2023
Segmentation Analysis

The global Flexo-ink market is majorly segmented on the basis of Type, Resin Type, End Use and Region. On Basis of Type, global Flexo-ink market is segmented into Water Based Flexo, Solvent Based Flexo, and UV Based Flexo. Based on Resin Type, Flexo-ink market is segmented into Acrylic Resin, Polyurethane Resins, Polyamide Resins, Cellulosic Resins, Vinyl Resins, Others. Based on end use, Flexo-ink is segmented into Packaging Industry, Label Industry, and Paper Industry. Based on region market is divided into North America, Europe, APAC and Rest of the World.

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Regional Analysis

Geographically, Asia Pacific region is the largest market of Flexo-ink due to growing Flexo-ink manufacturers owing to minimal legislations by environmental regulation bodies. Asia Pacific accounts for 40% of market share in which China is dominating segment with more than 50% of market share. With increasing investments in expansion and product development by major players in market especially in packaging industry are also projected to boost the market for flexographic ink market. In addition, packaging industries are gathering more attention to flexible packaging by offering attractive look for customers to purchase. Further in coming years, it is expected that key players will target these region in order to form.

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