According to Global Market Insights, Inc., “Flexographic
Printing Inks Market is forecast to hit the targeted revenue of more than USD
11 billion by 2024, registering a CAGR of over 5% during the period from 2016
to 2024.” Flexographic Printing Inks Market graph is expected to display an
upward trend, subject to extensive product usage across the food &
beverage, pharmaceuticals, and cosmetics sectors. These products are
extensively used in the packaging sector pertaining to their favorable
properties. The thriving Flexible Packaging Industry, which is anticipated to
accrue a massive revenue of more than USD 250 billion by 2024, will thus,
favorably influence the business trends.
Taking into consideration the geographical landscape, Europe
flexographic printing inks market is forecast to record notable gains of over
4.5% over the coming seven years. The huge presence of cosmetic manufacturing
firms in the region is expected to drive the market. Germany and France are
likely to be the major revenue contributors. The North America industry is
expected to make major revenue contributions toward flexographic printing inks
industry, driven by escalated product demand across the food packaging sector.
The U.S. is projected to contribute a large chunk towards the regional share.
Flexographic printing inks find extensive
applications in corrugated containers, tags & labels, flexible packaging,
metal cans, and folding cartons. Flexographic printing inks industry size in
the flexible packaging sector is forecast to grow considerably over the years
to come, driven by the product’s favorable features such as moisture retention,
aroma preservation, sealing, and improvement of aesthetic appearance.
UV-cured,
water-based, and solvent-based inks are the major products types of
flexographic printing inks industry. Water-based flexographic printing inks
market, which dominated the overall industry size in 2015, is expected to
witness a substantial growth over the next few years. The growth can be
ascribed to its major application in newspaper, paper, and cardboard printing.
Growing use of non-VOC inks across the printing sector coupled with mounting
government support for usage of low VOC inks across the food & cosmetic
packaging sectors will push the revenue.
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https://www.gminsights.com/industry-analysis/flexographic-printing-inks-market
Solvent-based flexographic printing inks industry revenue, which
was estimated at over USD 1.5 billion in 2015, is expected to expand remarkably
over the coming years. Favorable properties such as scratch resistance,
exceptional printing ability, and durability has made the product more popular
across the packaging sector.
UV-cured flexographic printing inks market size is expected to
grow at a CAGR of over 6% during the period from 2016 to 2024, driven by the
product’s ability to provide color consistency, chemical resistance, gloss, and
rub resistance.
Asia Pacific flexographic printing inks
market, which collected a revenue of over USD 2.5 billion in 2015, is
anticipated to experience a notable surge over the coming timeframe. The growth
can be credited to altering lifestyles of consumers along with the rise in the
purchasing capacity of the middle-income groups. India and China are expected
to majorly boost the regional share.
Flexographic printing inks industry is highly fragmented
with top six industry players contributing less than 20% of the global market
share in 2015. TOYO Ink Group, Flint Group, ALTANA AG, INX International,
Wikoff Color Corporation, Sun Chemical, Zeller+Gmelin GmbH & Co. KG, A.M.
Ramp u. Co. GmbH, T&K TOKA Company Limited, Siegwerk Druckfarben AG &
Co. KGaA, Sun Chemical, Zhongshan DIC Colour Company Limited, XSYS Print Solutions
Limited, and Shanxi Tercel Ink Group are the major participants of flexographic
printing inks market.
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.
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
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Email: sales@gminsights.com
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Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1 888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Connect with us twitter | LinkedIn | Facebook | Google+
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