Flexographic Printing Inks Market 2024: Key Players Toyo Ink Group, RUCO Druckfarben, A.M. Ramp & Co GmbH, Zeller+Gmelin GmbH & Co. KG,INX International Ink Co.

Packaging industry is one of the major driver for the global flexographic printing inks market owing to the rapid growing flexible packaging business. With a growth rate of around 4% the flexible packaging industry is likely to reach a market of 26 million tons by the end of the forecast period.Flexographic Printing Inks Market will witness growth to surpass USD 11 billion by 2024 according to this new research report.

Packaging has become one of the major tools to stimulate the purchasing decision of the product by its consumers. People judge the product based on its packaging and attractiveness. Growing consumer goods industry is propelling the packaging market on a large scale owing to its extensive use in the cosmetics, medical, personal care and food & beverages sector.

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Strong growth indication in these industries due to increasing consumer spending in the developing countries is likely to further augment the global flexographic printing inks market in near future. Stringent regulations led by the EPA and FDA towards the emissions and VOC contents may end up hampering the market growth across the cosmetic, packaging and food industry.

Based on products, the global flexographic printing inks market is segmented into solvent-based, water-based and UV cured inks. Solvent based flexographic printing inks market vas valued over USD 1.5 billion in 2015 and is likely to grow at a significant rate in the coming years. Compatible with varied substrates, these inks exhibit high compatibility and excellent durability. Also, prints from these inks provide excellent printing rate characteristics and scratch resistance. Due to these extraordinary characteristics, these inks find preference in the packaging and printing applications.

Water based inks hold a significant share in the global flexographic printing inks market owing to its major use in cardboard printing, newspaper printing, and other printing applications. Stable organic compound based inks use in the printing industry is one of the major factor propelling the flexographic printing inks market demand in the future years.

Based on the application segment, the global flexographic printing inks market is majorly driven by the packaging sector. The sector is further sub-classified as folding cartons, corrugated containers, tags & labels, and flexible packaging.

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Holding a major chunk of share, flexible packaging industry is one of the primary driver for the flexographic printing inks market due to its enormous use in the food & beverages, retail non-food products and pharmaceutical industry. It projects superior and add on characteristics such as barrier against moisture, aroma retention, strength and sealing.

Packaging applications led the overall flexographic printing inks market in terms of market share in 2015 and is likely to exhibit potential growth in the coming years. Packaging applications consists of prints on various products such as metal cans, folding cartons, corrugated containers, tags & labels and flexible packaging.

Considering regions, Asia Pacific hold sways the flexographic printing inks market by accounting for over a third of the global share. Rapid changing lifestyles coupled with increasing disposable per capita income is propelling the regional food & beverages, cosmetics and pharmaceutical markets which require packaging products for customer attraction.

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Key industry players operating in the global flexographic printing inks market include Sun Chemical Corporation, Siegwerk Druckfarben, Wikoff Color Corporation, INX International Corporation, T&K TOKA, Zeller+Gmelin GmbH, RUCO Druckfarben A.M. Ramp, TOYO Ink Group, Taiyuan Coates Lorilleux Inks, Tercel Ink Group, Jiangmen Toyo Ink, XSYS Print Solutions, Zhongshan DIC Colour, Flint Group, and ALTANA AG to mention some.

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