The global flexographic inks market is projected to grow at a CAGR of 5.22% to reach US$7.430 billion in 2024 from US$5.474 billion in 2018. Flexography is a printing technology that is suitable for printing on coated and uncoated paper materials, non-porous substrates including metalized and paper foils, and plastic films.
Evolving flexographic printing owing to its cost-effectiveness is driving the flexographic inks market growth. These inks are extensively used in the packaging of a number of products such as cosmetics, food and beverages and etc. Its growing use in flexible packaging, corrugated packaging, and publication printing industry due to high surface tension is augmenting its demand across these industries. The burgeoning penetration of additive manufacturing is further supporting its demand across the manufacturing side as well. Geographically, Asia Pacific is expected to grow at a substantial rate on account of good growth of the food and beverage industry and e-commerce industry which in turn is expected to boost the demand for flexographic inks.
DRIVERS
Burgeoning usage of flexographic inks across the industries
Booming e-commerce market
RESTRAINTS
Availability of substitutes
INDUSTRY UPDATE
In June 2016, Kao Chemicals acquired Chimigraf Holding S.L., in order to enhance their development, manufacturing, and sales of flexographic ink for package printing.
The major players profiled in the global flexographic inks market include TOYO INK CO., LTD., Sun Chemical, FlintGroup, Siegwerk Druckfarben AG & Co. KGaA, INX International Ink Co., Zeller+Gmelin Corporation, UVitec Printing Ink, Inc., Needham Inks Ltd, SAM-A C&I co., LTD, DIC Corporation, and Kao Chemicals Europe. S.L.
| Report Metric | Details |
| Market size value in 2018 | US$5.474 billion |
| Market size value in 2024 | US$7.430 billion |
| Growth Rate | CAGR of 5.22% from 2018 to 2024 |
| Base year | 2018 |
| Forecast period | 2019–2024 |
| Forecast Unit (Value) | USD Billion |
| Segments covered | Type, Application, And Geography |
| Regions covered | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| Companies covered | TOYO INK CO., LTD., Sun Chemical, FlintGroup, Siegwerk Druckfarben AG & Co. KGaA, INX International Ink Co., Zeller+Gmelin Corporation, UVitec Printing Ink, Inc., Needham Inks Ltd, SAM-A C&I co., LTD, DIC Corporation, Kao Chemicals Europe S.L. |
| Customization scope | Free report customization with purchase |
Segmentation
The global flexographic inks market has been analyzed through the following segments:
By Type
Water-based
Solvent-based
UV-based
Oil-based
By Application
Flexible Packaging
Corrugated Cardboards
Labels and Tags
Pharmaceutical
Others
By Geography
North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
Germany
France
United Kingdom
Others
Middle East and Africa
Saudi Arabia
Israel
Others
Asia Pacific
China
Japan
India
Others
Frequently Asked Questions (FAQs)
Q1. What will be the flexographic inks market size by 2024?
A1. The global flexographic inks market is projected to reach a total market size of US$7.430 billion by 2024.
Q2. What are the growth prospects for the flexographic inks market?
A2. The flexographic inks market is projected to grow at a CAGR of 5.22% during the forecast period.
Q3. What is the size of the global flexographic inks market?
A3. Flexographic Inks Market was valued at US$5.474 billion in 2018.
Q4. What factors are anticipated to drive flexographic inks market growth?
A4. Evolving flexographic printing owing to its cost-effectiveness is driving the flexographic inks market growth.
Q5. Which region holds the largest market share in the flexographic inks market?
A5. The Asia Pacific is expected to grow at a substantial rate on account of good growth of the food and beverage industry and e-commerce industry which in turn is expected to boost the demand for flexographic inks.
1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Currency
1.5. Assumptions
1.6. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Secondary Sources
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Force Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
5. GLOBAL FLEXOGRAPHIC INKS MARKET BY TYPE
5.1. Water-based
5.2. Solvent-based
5.3. UV-based
5.4. Oil-based
6. GLOBAL FLEXOGRAPHIC INKS MARKET BY APPLICATION
6.1. Flexible Packaging
6.2. Corrugated Cardboards
6.3. Labels and tags
6.4. Pharmaceutical
6.5. Others
7. GLOBAL FLEXOGRAPHIC INKS MARKET BY GEOGRAPHY
7.1. North America
7.1.1. USA
7.1.2. Canada
7.1.3. Mexico
7.2. South America
7.2.1. Brazil
7.2.2. Argentina
7.2.3. Others
7.3. Europe
7.3.1. Germany
7.3.2. France
7.3.3. United Kingdom
7.3.4. Others
7.4. Middle East and Africa
7.4.1. Saudi Arabia
7.4.2. Israel
7.4.3. Others
7.5. Asia Pacific
7.5.1. China
7.5.2. Japan
7.5.3. India
7.5.4. Others
8. COMPETITIVE INTELLIGENCE
8.1. Company Benchmarking and Analysis
8.2. Recent Investment and Deals
8.3. Strategies of Key Players
9. COMPANY PROFILES
9.1. TOYO INK CO., LTD
9.2. Sun Chemical
9.3. FlintGroup
9.4. Siegwerk Druckfarben AG & Co. KGaA
9.5. INX International Ink Co.
9.6. Zeller+Gmelin Corporation
9.7. UVitec Printing Ink, Inc.
9.8. Needham Inks Ltd
9.9. SAM-A C&I co., LTD
9.10. DIC Corporation
9.11. Kao Chemicals Europe S.L.
LIST OF FIGURES
LIST OF TABLES
TOYO INK CO., LTD.
Sun Chemical
FlintGroup
Siegwerk Druckfarben AG & Co. KGaA
INX International Ink Co.
Zeller+Gmelin Corporation
UVitec Printing Ink, Inc.
Needham Inks Ltd
SAM-A C&I co., LTD
DIC Corporation
Kao Chemicals Europe S.L.
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