Global Flexographic Printing Ink Market, By Resin Type (Polyurethanes, Acrylic, Polyamides, Nitrocellulose, Others), Technology (Water-Based, Solvent-Based, Ultraviolet-Curable), Application (Flexible Packaging, Rigid Packaging, Corrugated Cardboards, Folding Cartons, Tags and Labels, Paper Printing) – Industry Trends and Forecast to 2031.
Flexographic Printing Ink Market Analysis and Size
The rise in demand for flexographic inks by the printing industry is the root cause for fuelling the market growth rate. Rising demand for flexographic inks in the manufacturing of corrugated cardboards, folding cartons, tags, and labels and growth and expansion of various end-user verticals in emerging economies will also directly and positively impact the growth rate of the market. Rising awareness about the benefits of flexographic inks in comparison to alternatives, rising expenditure for research and development proficiencies by the major companies, upsurge in the rate of industrialization, surging demand for technologically advanced and innovative packaging solutions by the cosmetics, food and drinks, pharmaceuticals and personal care goods industries and growing focus on the technological advancements and modernization in the production techniques will further carve the way for the growth of the market.
Data Bridge Market Research analyzes that the global flexographic printing ink market, which was USD 1,459.30 million in 2023, is likely to reach USD 1,906.8 million by 2031 and is expected to undergo a CAGR of 3.40% during the forecast period. “Polyurethanes” dominate the resin type segment of the market due to the high demand for this type in the market. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016-2021)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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By Resin Type (Polyurethanes, Acrylic, Polyamides, Nitrocellulose, Others), Technology (Water-Based, Solvent-Based, Ultraviolet-Curable), Application (Flexible Packaging, Rigid Packaging, Corrugated Cardboards, Folding Cartons, Tags and Labels, Paper Printing)
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Countries Covered
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U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, Rest of South America
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Market Players Covered
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DIC CORPORATION (U.S.), Siegwerk Druckfarben AG & Co. KGaA (Germany), TOYO INK SC HOLDINGS CO., LTD (U.S.), SAKATA INX CORPORATION (U.S.), T&K TOKA Corporation (U.K.), Flint Group (U.S.), Braden Sutphin Ink Co (U.S.), Wikoff Color Corporation (China), Alden & Ott Printing Inks Co (Japan), Nazdar (U.S.), Color Resolutions International, LLC (U.S.), BASF SE (U.S.), DuPont (U.S.), Dow (U.S.), Arkema (U.S.), Elementis plc (U.S.), Huntsman International LLC (China), Evonik Industries AG (Germany)
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Market Opportunities
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Market Definition
Flexographic inks are primarily used for printing purposes. However, flexographic inks contain volatile organic compounds, which are, therefore, regulated by the Food and Development Agency. Flexographic inks are transferred from flexography and therefore, have low viscosity.
Global Flexographic Printing Ink Market Dynamics
Drivers
- Increasing investments by data center companies in hyper-scale data centers
Various data center companies have invested highly in hyper-scale data centers, which will be expected to generate lucrative market growth opportunities. Last year, Equinix announced plans to construct around 32 hyper-scale data centers in a few major markets in Europe. With a total capacity of around 600 megawatts and above USD 6.9 billion in investment, the company goals to gain a better position in the rising landscape of hyper-scale data centers. Such growth in the region's data centers will increase the demand for the region's HCI market.
- Increasing demand for data security
A growing number of remote workers has generated new security challenges for businesses during the forecast period. Flexographic printing ink provides a scalable and secure infrastructure for these services, which supports businesses to protect their data and decrease cyberattack risks. Overall, the growing demand for data security in businesses is a major factor likely to drive the growth of the market.
Opportunities
- The multiple advantages associated with Flexographic Printing Ink
Organizations need storage performance that is fast and reliable. Flexographic printing ink offers safe and secure infrastructure. It consolidates resources, streamlines management, and lowers costs by integrating networking and computation into a single system. These advantages have led to the augmented adoption of flexographic printing ink in many enterprises. As a result, the demand for flexographic printing ink increases, enhancing market growth.
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The growing acceptance of the cloud platforms for businesses
The increasing acceptance of cloud platforms for businesses, mainly in developing countries, is expected to increase market growth in Asia-Pacific. For instance, in 2020, as per the Nutanix Cloud Index 2018, India will observe triple growth in adopting hybrid cloud workloads from 13 percent to 43 percent. The increasing adoption of digital technology for customer engagement is growing the company's focus on business expansion and developing new products.
Restraints/Challenges
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Increasing limitations on Flexographic Printing Ink standards
Growing limitations on flexographic printing Ink standards are expected to obstruct the market's growth during the forecast period. For instance, problems with cloud compatibility and scalability can create major problems for organizations or enterprises that want to deploy flexographic printing ink systems.
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High cost associated with implementation
Flexographic printing ink products normally carry a premium price tag because there is no integrated interoperability between seller offerings. Aggregated nodes can enforce undesirable capital charges for resources that might not all be required. Furthermore, maintenance contract and software licensing costs can increase recurring ink costs. These factors will hamper the market growth.
This flexographic printing ink market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the flexographic printing ink Market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
- In October 2021, Roland DG Corporation, a manufacturer of wide-format inkjet printers and printer/cutters, announced the launch of D-BRIDGE, a support website that provides a variety of helpful information about the benefits of digitalization and secrets of success for anyone engaged in creating, especially those involved in printing or manufacturing
Global Flexographic Printing Ink Market Scope
The flexographic printing ink market is segmented on the basis of resin type, technology and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Resin Type
- Polyurethanes
- Acrylic
- Polyamides
- Nitrocellulose
- Others
Technology
- Water-Based
- Solvent-Based
- UV-curable
Application
- Flexible Packaging
- Rigid Packaging
- Corrugated Cardboards
- Folding Cartons
- Tags and Labels
- Paper Printing
Flexographic Printing Ink Market Regional Analysis/Insights
The flexographic printing ink market is analyzed and market size insights and trends are provided by country, resin type, technology and application as referenced above.
The countries covered in the market report are U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, rest of Middle East and Africa, Brazil, Argentina and rest of South America.
North America is expected to dominate the market due to the strong base of automotive facilities, strong presence of major players in the market.
Asia-Pacific is expected to witness significant growth during the forecast period due to the increase in government initiatives to promote awareness, rise in automotive facilities, growing research activities in the region, availability of massive untapped markets, large population pool.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Flexographic Printing Ink Market Share Analysis
The flexographic printing ink market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to flexographic printing ink market.
Some of the major players operating in the flexographic printing ink market are:
- DIC CORPORATION (U.S.)
- Siegwerk Druckfarben AG & Co. KGaA (Germany)
- TOYO INK SC HOLDINGS CO. LTD (U.S.)
- SAKATA INX CORPORATION (U.S.)
- T&K TOKA Corporation (U.K.)
- Flint Group (U.S.)
- Braden Sutphin Ink Co (U.S.)
- Wikoff Color Corporation (China)
- Alden & Ott Printing Inks Co (Japan)
- Nazdar (U.S.)
- Color Resolutions International LLC (U.S.)
- BASF SE (U.S.)
- DuPont (U.S.)
- Dow (U.S.)
- Arkema (U.S.)
- Elementis plc (U.S.)
- Huntsman International LLC (China)
- Evonik Industries AG (Germany)
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