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Packaging Inks and Coatings Market size 2019-2025: The end-user segment has been stimulating the global industry
Packaging Inks and Coatings Market
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Based on process, the packaging inks and coatings market is divided into flexographic, digital, gravure and lithographic. The flexographic process can be used to print on paper, plastics, cellophane, metal and other materials. Digital printing is an advanced process utilized in the industry which accounts for approximately 15% of the total packaging and inks coatings market size and has the potential to replace conventional methods of printing. Gravure process has been extensively utilized in printing in newspaper, magazine and packaging material and will lead to stimulating packaging inks and coatings market size by 2024.
Packaging inks and coatings market size is segmented based on substrates including paper, metal, plastics (flexible, rigid) and rubber. Flexible plastic market share is highest and is accounted for approximately 40% as it is easy and soft and can be easily moulded and customized to meet the diverse demand specifications of a wide range of products. Furthermore, its lighter weight and lower cost is expected to stimulate the packaging inks and coatings market size in the coming years.
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North America has captured a major chunk of the industry share due to prevailing product demand in food & beverage industry on a large scale. Moreover, the packaging inks and coatings market size is expected to witness growth due to protruding demand for packaged food & beverage in this region. Changing consumer lifestyle and increasing awareness for contamination free food in Asia Pacific primarily in India, China and Indonesia has stimulated packaging inks and coatings market size over the past years.
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