Global Flexographic Inks 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), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights of Flexographic Inks Market
Data Bridge Market Research analyses that the flexographic inks market will witness a CAGR of 5.35% for the forecast period of 2022-2029. Growth in the demand for flexographic inks especially in the emerging economies such as India and China, growing use of flexographic inks for a wide range of end user applications, rising number of small and medium scale enterprises in the Asia-Pacific region, rising demand for solvent based flexographic inks as compared to water based flexographic inks and surge in industrialization especially in the developing countries are the major factors attributable to the growth of the flexographic inks market.
Flexographic inks are primarily used for printing purposes. However, flexographic inks contain volatile organic compounds which is therefore, regulated by food and development agency. Flexographic inks are transferred from flexography and therefore, have low viscosity.
Rise in demand for flexographic inks by printing industry is the root cause for fuelling up 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 the 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.
However, insufficiency in raw material demand and supply owing to the lockdown and volatility in their prices will pose a major challenge to the growth of the market. High cost associated with research and development proficiencies, recent downturn in Europe and China and strict global trade restrictions will dampen the market growth rate. Large scale availability of low cost alternatives in the market will also restrict the scope of growth for the market.
This flexographic inks market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised 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, geographical expansions, technological innovations in the market. To gain more info on flexographic inks market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Flexographic Inks Market Scope and Market Size
The flexographic inks market is segmented on the basis of resin type, technology and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of resin type, the flexographic inks market is segmented into polyurethanes, acrylic, polyamides, nitrocellulose, and others.
- On the basis of technology, the flexographic inks market is segmented into water-based, solvent-based, and UV-curable.
- Flexographic inks market is segmented in terms of market value, volume, market opportunities, and niches into multiple applications. The application segment for flexographic inks market includes flexible packaging, rigid packaging, corrugated cardboards, folding cartons, tags and labels, and paper printing.
Flexographic Inks Market Country Level Analysis
The flexographic inks market is analysed and market size, volume information is provided by country, resin type, technology and application as referenced above.
The countries covered in the flexographic inks market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Europe region dominates the flexographic inks market owing to the high rate of adoption by the Germany, France, U.K. markets. Asia-Pacific will score the highest growth rate owing to the rising demand for packaging products in this region, growing demand from various end-use industries, increase in the research and development activities, accelerating demand of personal care products, investment policies by the government in order to promote industrial growth, high economic growth in the emerging countries, abundant availability of raw materials and rising investments by various public and private manufacturers in Asia Pacific.
The country section of the flexographic inks market 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 such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, 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 Inks Market Share Analysis
The flexographic inks 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 inks market.
Some of the major players operating in the flexographic inks market report are DIC CORPORATION, Siegwerk Druckfarben AG & Co. KGaA, TOYO INK SC HOLDINGS CO., LTD, SAKATA INX CORPORATION, T&K TOKA Corporation, Flint Group, Braden Sutphin Ink Co, Wikoff Color Corporation, Alden & Ott Printing Inks Co, Nazdar, Color Resolutions International, LLC, BASF SE, DuPont, Dow, Arkema, Elementis plc, Evonik Industries AG, Huntsman International LLC, Lawter, Croda International Plc, Honeywell International Inc., PolyOne Corporation and Gellner Industrial LLC among others.
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