Market Research Report
Flexographic Ink Market by Technology (Water, Solvent, and UV Based), Resin Type (Nitrocellulose, Polyamides, Polyurethane, Acrylic), Application (Corrugated Cardboards, Flexible Packaging, Tags & Labels, Folding Cartons) - Global Forecast to 2022
|Published by||MarketsandMarkets||Product code||330713|
|Published||Content info||139 Pages
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|Flexographic Ink Market by Technology (Water, Solvent, and UV Based), Resin Type (Nitrocellulose, Polyamides, Polyurethane, Acrylic), Application (Corrugated Cardboards, Flexible Packaging, Tags & Labels, Folding Cartons) - Global Forecast to 2022|
|Published: May 3, 2017||Content info: 139 Pages||
"The flexographic ink market is projected to grow at a CAGR of 4.89% during the forecast period"
The flexographic ink market is projected to reach USD 4.16 billion by 2022, at a CAGR of 4.89% between 2017 and 2022. The market growth in recent years can be attributed to the increased demand for flexographic ink in the Asia-Pacific region. The flexographic ink market is largely driven by the rising retail sales in the packaging industry. The increasing demand for printed products, such as labels, bags/cartons, direct mail, and catalogs, is expected to further fuel the overall demand of flexographic ink during the forecast period.
Manufacturers are engaged in business expansion to cater to the increased demand for flexographic ink. However, formulation and implementation of new regulations, such as REACH (Registration, Evaluation, Authorization and Restriction of Chemicals) and various other directives to control solvent emissions are affecting the growth of the flexographic ink market across the globe. The Euro Zone crisis of 2012 has also affected the growth of the flexographic ink market globally, as several companies reduced their production as part of their cost-cutting strategy to survive in the market.
By application, the tags & labels segment is projected to grow at highest CAGR during the forecast period. Demand for tags & labels is driven by beverages, clothing, and other consumer goods products. Several international brand owners are focusing on promoting their brands through improved label graphics as well as the manufacturing multi-versioned labels incorporating the local languages. Flexographic ink has gained popularity in this segment as it helps in differentiating products from others, presenting information to consumers, and enhancing product visibility.
Europe was the largest market for flexographic ink, having accounted for the maximum market share, in terms of volume, in 2016. Key countries in the European market include Germany, the U.K., France, Italy, Turkey, Spain, and Russia. The increase in demand for packaging in the region is mainly backed by the expansion of the food & beverage, healthcare, and consumer goods industries. The European Commission has also necessitated the European Committee for Standardization to develop specific standards for environmentally friendly inks, which has resulted in the increased demand for flexographic ink.
DIC Corporation (Japan), Siegwerk Druckfarben AG & Co. KGaA (Germany), Sakata Inx (Japan), Toyo Ink S.C. Holdings Co. Ltd. (Japan), Flint Group (Luxembourg), and T&K Toka (Japan) are among the leading players operating in the flexographic ink market.
This report provides a detailed segmentation of the flexographic ink market on the basis of resin type, technology, application, and region. With respect to resin type, the flexographic ink market has been segmented into polyurethanes, acrylic, polyamides, nitrocellulose, and others. On the basis of technology, the market has been segmented into water-based technology, solvent-based technology, and UV-curable technology. On the basis of application, the market has been segmented into corrugated cardboards, flexible packaging, folding cartons, and tags & labels. And on the basis of region, the market has been segmented into North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
From an insight perspective, this research report has focused on various levels of analyses-industry analysis (industry trends), market share analysis of top players in the flexographic ink market, and company profiles. These insights together comprise and discuss the basic views on the competitive landscape, emerging and high-growth segments of the flexographic ink market, high-growth regions, and market drivers, restraints, and opportunities.
The report provides insights on the following pointers:
*Details might not be captured in case of unlisted companies