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Sun Chemical, ALTANA AG, XSYS Print Solutions (Shanghai) Ltd Profiled in Flexographic Printing Inks Market 2018 by Global Market Insights TOYO Ink Group, Zeller+Gmelin GmbH & Co. KG, INX International Ink Co., Wikoff Color Corporation
Flexographic Printing Inks Market
Strong product demand in the flexible packaging industry will drive the flexographic printing inks market size in the forecast period. The flexographic printing inks has its extensive application in the packaging of products in food & beverage and cosmetics industry. The rise in the numbers of e-commerce websites has amplified the package printing opportunities. For instance, a survey from Pack Expo shows that 34% of the customers who buys from e-commerce websites tends to return their package if they don’t like the packaging.
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This aforementioned situation creates new opportunities for the packaging market which will positively influence the flexographic printing inks market size by 2024. The product does not carry any volatile organic compound (VOC). In addition, the product offers value added characteristics such as gloss and color consistency due to its high viscosity.
The industry share was fragmented with some key market share contributors i.e. TOYO Ink, INX International, Zeller+Gmelin, XSYS Print Solutions, Zhongshan DIC Colour, Flint Group, Sun Chemical, ALTANA AG, Wikoff Color, TOKA, RUCO, Tercel Ink, Jiangmen Toyo and Taiyuan Coates are some of the prominent industry share contributors.
Solvent-based flexographic printing inks are strictly governed by standards laid by FDA owing to its VOC constituents, as these inks come in direct contact with food. Additionally, these inks also release VOC during the dying process, which makes the product harmful for the environment and may act as a barrier in the growth of the flexographic inks market size. However, growing popularity of UV-cured flexographic printing inks market is another promising factor which will contribute the industry growth in the near future. It involves a high intensity UV radiation for inks drying process. This efficiently offers quick drying and thus improves the printing rate resulting in driving the flexographic printing inks market size by 2024.
Based on products, water-based inks are projected to grow at a CAGR over 4.5% by 2024. These inks are majorly used in the paper, cardboard and newspaper printing. Increasing government initiative along with rising consumer awareness towards use of low VOC inks in the food and cosmetic packaging applications will substantially boost the industry size in the near future.
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Solvent-based inks accounted for more than 25% of the total flexographic printing inks market share in the forecast period. The product offers promising characteristics such as durability, high printing rate (due to speedy drying) and scratch resistance. However, firm consumer and environment safety regulations directed by the FDA may obstruct industry growth in the coming years. However, manufacturing of innovative products and ever-growing opportunities from packaging industries will augment the flexographic inks market size by 2024.
Packaging applications registered for over 28% of the global flexographic inks market size by 2024. Strong growth in the food & beverage, cosmetic and pharmaceutical industry along with increasing packaging demand in these industries will boost the industry growth in the forecast timeframe. Moreover, additional features such as aroma preservation, sealing, moisture resistance and appealing esthetics are positively influencing the flexographic printing inks market size in the projected timeframe.
Asia Pacific flexographic printing inks market size was over USD 3 billion in 2017 in the forecast period. Sturdy growth in the food & beverage, pharmaceutical and cosmetic industry, particularly due to improved consumer lifestyles is the major factor contributing industry growth in the region. Furthermore, drifting pharmaceutical manufacturers focus towards establishing their manufacturing facilities in China due to high medicine demand, low initial investment and favoring government norms towards boosting their manufacturing sector will substantially boost the regional flexographic printing inks market size by 2024.
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Report Content:
Chapter 3. Flexographic Printing Inks Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2014 - 2024
3.3. Industry ecosystem analysis
3.3.1. Raw material analysis
3.3.2. Manufacturing trends
3.3.3. Profit margin
3.3.4. Value addition
3.3.5. Distribution channel analysis
3.3.6. Vendor matrix
3.3.6.1. List of key raw material suppliers
3.3.6.2. List of key manufacturers/distributors
3.3.6.3. List of key/potential customers
3.4. Innovation & sustainability
3.4.1. Patent analysis
3.4.2. Technology landscape
3.4.3. Future trends
3.5. Industry impact forces
3.5.1. Growth drivers
3.5.1.1. Global drivers
3.5.1.1.1. Increasing package food demand in Asia Pacific
3.5.1.1.2. Substantial personal care industry in North America & Europe
3.5.1.1.3. Strong flexible packaging demand from pharmaceutical industry
3.5.2. Industry pitfalls & challenges
3.5.2.1. Prevalence of alternate printing techniques
3.5.2.2. Strict government regulations against VOC emissions
3.6. Regulatory landscape
3.6.1. U.S.
3.6.2. Europe
3.6.3. China
3.7. Growth potential analysis
3.8. Regional price trends
3.8.1. Cost structure analysis
3.8.1.1. R&D cost
3.8.1.2. Manufacturing & equipment cost
3.8.1.3. Raw material cost
3.8.1.4. Distribution cost
3.8.1.5. Operating cost
3.8.1.6. Miscellaneous cost
3.8.2. Price by metal
3.8.3. Price by end-user
3.9. Competitive landscape, 2017
3.9.1. Company market share analysis, 2017
3.9.2. Strategic dashboard
3.10. Porter’s analysis
3.10.1. Supplier power
3.10.2. Buyer power
3.10.3. Threat of new entrants
3.10.4. Threat of substitutes
3.10.5. Industry rivalry
3.11. PESTEL analysis
Chapter 4. Flexographic Printing Inks Market, Product By Application
4.1. Flexographic printing inks market product insights
4.2. Water based
4.3. Solvent based
4.4. UV cured inksd
Chapter 5. Flexographic Printing Inks Market, By Application
5.1. Flexographic printing inks market share by application, 2017 & 2024
5.2. Flexible packaging
5.3. Corrugated containers
5.4. Folding cartons
5.5. Tags & labels
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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