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 metallized 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. 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 food and beverage industry and e-commerce industry which in turn is expected to boost the demand for flexographic inks.
Burgeoning usage of flexographic inks across the industries
Booming e-commerce market
Availability of substitutes
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.
The global flexographic inks market has been analyzed through the following segments:
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Middle East and Africa