Flexographic Inks Market Segmented based on Type, Application, Resin, and Region To Reach Value US$ 6.5 bn by 2026

The global flexographic inks market was valued at US$ 4.6 Bn in 2017 and is anticipated to expand at a CAGR of more than 4.0% from 2018 to 2026, according to a new research report published by Transparency Market Research (TMR) titled 'Flexographic Inks Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018-2026.' Flexographic inks are manufactured by using various petrochemical-derived raw materials such as carbon black, mineral oils, resins, solvents, and other intermediates. Flexographic inks can be used on a wide range of substrates to obtain an excellent printing quality, irrespective of the substrate material.

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Wide Usage of Flexographic Printing Technology Propels the Flexographic Inks Market

Flexographic printing is one of the most important conventional printing processes. It employs flexible printing plates to print on various substrates. Historically, flexographic printing was known as aniline printing, primarily because flexographic printing presses used inks based on aniline dyes.

The flexographic printing process is mostly used to print on flexible materials including corrugated boxes, paper and plastic bags, folding cartons, milk cartons, disposable cups, tags, and labels. Printing plates employed in the flexographic printing process are made of plastic, rubber, or photopolymer. This assures high flexibility and longevity.

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Flexible packaging and corrugated containers sub-segments dominate the packaging segment. These types of packaging have been increasingly adopted in medical and food & beverages industries in the last few years. In terms of resin, the global flexographic inks market has been categorized into nitrocellulose, polyamide, polyurethane, acrylic, and others. The polyurethane segment accounts for the maximum market share, closely followed by the polyamide segment.

In terms of region, the global flexographic inks market has been divided into North America (the U.S. and Canada), Latin America (Brazil, Mexico, and Rest of Latin America), Europe (Germany, the U.K., France, Italy, Spain, Russia & CIS, and Rest of Europe), Asia Pacific (China, India, Japan, ASEAN, and Rest of Asia Pacific), and Middle East & Africa (GCC, South Africa, and Rest of Middle East & Africa).

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Inorganic Growth a Key Strategy of Multinational Companies

Key manufacturers of flexographic inks include Altana AG, Zeller+Gmelin GmbH & Co. KG, Flint Group, Sun Chemical Corporation, and Toyo Ink SC Holdings Co. Ltd. Inorganic growth has been a key strategy adopted by these multinational companies over the last few years. They have increased their market penetration by developing a wide network of distributors and suppliers. This has resulted in considerable competition for local players.

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