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Flexographic Printing Inks Market Exceeding USD 11 billion by 2024

09-28-2017 01:12 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Global Market Insights

Flexographic Printing Inks Market Exceeding USD 11 billion

Flexographic printing inks market is on the verge of a significant drift due to the expanding packaging industry. Rising flexible packaging operations, owing to its broad spectrum of application is likely to favor the industry trends over the coming years.

Flexographic printing technique has gained massive popularity as it is compatible with many substrates. Packaging is extensively used in all the industries including pharmaceuticals, food & beverage, cosmetics & personal care which is boosting flexographic printing inks industry.

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According to Global Market Insights, Inc., “Flexographic Printing Inks Market is estimated to surpass USD 11 billion by 2024 and grow at an annual rate of 5% over the period of 2016-2024.”

On the basis of products, the flexographic printing inks industry is segmented into solvent-based, water- based, and UV-curved type. In 2015, water-based flexographic printing inks market led the overall industry, owing to its wide use in cardboard printing, newspaper printing, and paper printing. Water-based product market is poised to see fast-paced growth due to favorable government regulations regarding the usage of low volatile organic compound-based inks. Solvent-based and UV-curved product are particularly preferred across the cosmetic and food packaging sectors.

Asia Pacific to lead the regional landscape

APAC flexographic printing inks industry is expanding rapidly, having had over 35% of the total volume in 2015. Changing consumer lifestyle has positively impacted the end-user industries in the region. In addition to this, shifting focus of the pharmaceutical manufactures toward developing economies such as India and China, due to rise in per capita income of the middle-class population and favorable government norms will stimulate regional flexographic printing inks market.

Browse Full Report Summary
Flexographic Printing Inks Market Size By Product (Water-based, Solvent-based, UV-cured), By Application (Flexible Packaging, Corrugated Containers, Folding Cartons, Tags & Labels), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024

Europe is another prominent region witnessing considerable gains at a CAGR of 4.5% over 2016-2024. France and Germany are leading the regional growth. Huge deployment of cosmetic manufacturing units will boost the growth of flexographic printing inks industry.

Packaging application to be a major revenue contributor

Escalating end-use industry comprising cosmetics, food & beverage, and pharmaceutical sectors will generate heavy demand for flexible packaging. The packaging application includes printing on flexible packaging, metal cans, corrugated containers, tags & labels, and folding cartons. Excellent characteristics such as moisture resistance, sealing, appealing aesthetic, and aroma preservation will significantly impact the product demand by 2024.

Notable participants in flexographic printing inks industry include INX International Ink Co., XSYS Print Solutions Zhongshan Dic Colour Co., Ltd., Sun Chemical, Flint Group, TOYO Ink, INX International, Altana Chemicals company, TOKA, and Taiyuan Coates Lorilleux Chemicals Ltd.

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Asia Pacific dominated the regional landscape by accounting for 35% of the global flexographic printing inks market share in 2015, and is predicted to exhibit noticeable growth rate over the coming years. The growth can be attributed to the growing trend of flex-based advertisements to attract more customers. In addition, many of the consumer-based industries such as food & beverages, cosmetics, and pharmaceuticals are using flexographic printing technology for the packaging of products, which will also influence flexographic printing inks industry size significantly.

The presence of numerous packaged food industries will stimulate North America flexographic printing inks market value over the coming timeframe. U.S. will contribute considerably toward the regional share.

About Global Market Insights, Inc.:
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.

Contact us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688

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