Press release
Global Flexo-ink Market: Comprehensive Analysis, Business Growth, Prospects and Opportunities 2017-2023
The Global Flexo-ink Market is expected to witness a significant growth by 2023 with CAGR of 5.72%. The prominent factors fuelling the development of flexo-ink market are, new advances and developing interest of solvent based inks in flexible packaging. In addition, rising interest for bundled sustenance and refreshments has prompted advancement in naming industry which at last upsurge the flexographic printing ink in quality items and administrations. Aside from this, favoring government directions and enhanced execution are critical to future picks up in the water based flexo-ink market. Flexo-Ink has been produced on the premise of customary letterpress printing. From that point forward flexographic printing has been advanced as current method for imprinting in different applications, for example, ridged, adaptable film, name and tag, collapsing containers and envelope among others. Flexography printing inks are picking up significance in the field of printing industry over gravure printing inks as far as shorter runs, which benefits exceptional advancements and the interest for even little amounts. Be that as it may, stern directions of specialists, for example, FDA and EPA towards high emanations of unstable natural compound (VOCs) can hamper the market development.
Hence, genuine players in publicize are focusing more into expansion and moving of cost capable things demonstrating advancement in key markets portions.Flexo inks are created with blend of tars, added substances, shades, surfactants, grip promoters and miniaturized scale measures of deformers and silicones to give fantastic properties cost points of interest. Flexo inks are accessible in three structures, water based, dissolvable based and UV based. Dissolvable based flexo inks are perfect for plastics movies, backdrop and business utilizes while water based inks functions admirably with permeable materials like cardboard and paper. Be that as it may, with increment in achievable quality consolidated with investment funds in downtime and waste have made UV Flexo inks one of the well-known institutionalized ink in the segment
Market Segments
The global Flexo-ink market is majorly segmented on the basis of Type, Resin Type, End Use and Region
• Based on 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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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
• Solvent based flexo-ink, by type is dominating segment over water based flexo-ink owing to quick drying capacity, perform well and allow printers a wide choice of products over water based ink. In near future, stern regulations about high VOCs contain causing health problems can shift the focus towards water based flexo-ink and UV based flexo-ink
Read the full report: @ https://www.marketresearchfuture.com/reports/flexo-ink-market-3348
Key Players:
Key players of the global Flexo-ink market are:
• Sun Chemical Group
• Flint Group
• TOYO INK SC HOLDINGS CO., LTD.
• HuberGroup Deutschland GmbH
• T & K TOKA CO., LTD.
• SAKATA INX CORPORATION
• Siegwerk Druckfarben AG & Co. KGaA
Intended Audience
• Flexo-ink manufacturers
• Traders and distributors of Flexo-ink
• Production Process industries
• Potential investors
• Raw material suppliers
• Nationalized laboratory
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 strategic alliance with local players in market to maintain market share.
Europe is second largest market share holder owing to presence of packaged food industries leading to increasing labelling and attractive packaging. Furthermore, with rising demand of personal care and food & beverages products is anticipated to drive the North America and Europe Market. In North America region, countries like US and Canada are anticipated to drive the flexo-ink market due to increasing expenditure on advertisements, outdoor activities and labelling in food and beverages and pharmaceutical industry.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Akash Anand,
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: akash.anand@marketresearchfuture.com
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