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Flexographic Ink Market by Technology, Resin Type, Application - Global Forecast to 2022

Flexographic Ink Market: Global Forecast until 2022

  • May 2017
  • 139 pages
  • ID: 2988999
In this report:
The Paperboard Packaging Council estimated that the folding carton application segment in North America is expected to grow at ##.##% average annual growth rate in sales by 2016.
Corrugated cardboard was the largest segment of the flexographic ink market by end-use industry, which accounted for ##.##% share in 2016.

Summary

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"The flexographic ink market is estimated to rise at a compound annual growth rate of ~4.9 percent during the forecast period"

The flexographic ink market is estimated to grow ~$4.2B by 2022, at a compound annual growth rate of ~4.9 percent between 2017 and 2022. The market increase in recent years can be accredited to the raised demand for flexographic ink in the Asia Pacific (APAC) area. The flexographic ink market is largely driven by the growing retail sales in the packaging sector. The growing demand for printed products, including labels, bags/cartons, direct mail, and catalogs, is anticipated to further fuel the global demand of flexographic ink during the estimate period.

Manufacturers are engaged in business expansion to cater to the raised demand for flexographic ink. Nevertheless, formulation and implementation of new regulations, including REACH (Registration, Evaluation, Authorization and Restriction of Chemicals) and several other directives to control solvent emissions are affecting the rise of the flexographic ink market across the world. The Euro Zone crisis of 2012 has also affected the increase of the flexographic ink market globally, as various firms reduced their production as part of their cost-cutting strategy to survive in the sector.

"The tags & labels segment is expected to rise at the highest compound annual growth rate (CAGR) between 2017 and 2022"

By application, the tags & labels segment is expected to grow at topmost cagr during the outlook period. Demand for tags & labels is influenced by beverages, clothing, and other consumer goods products. Different international brand owners are focusing on promoting their brands through improved label graphics as well as the manufacturing multi-versioned labels incorporating the local languages. Flexographic ink has gained popularity in this industry segment as it helps in differentiating products from others, presenting information to consumers, and enhancing product visibility.

"EU was the most important flexographic ink market in 2016"

Europe (EU) was the biggest market for flexographic ink, having accounted for the maximum market share, in terms of quantity, in 2016. Key countries in the european (EU) market contain Germany (DE), the United Kingdom, France (FR), Italy (IT), Turkey (TR), Spain (ES), and Russian Federation. The growth in demand for packaging in the territory is primarily backed by the expansion of the food & beverage, healthcare, and consumer goods sectors. The European Commission has also necessitated the European Committee for Standardization to expand specific standards for environmentally friendly inks, which has resulted in the raised demand for flexographic ink.

Breakup of primary interviews:

• By Company category - Tier 1 - 50.0 percent, Tier 2 - 35.0 percent, and Tier 3 - 15.0 percent

• By Description - C-suite - 38.0 percent, D-level - 35.0 percent, and Others - 27.0 percent

• By Area - Asia-Pac - 25.0 percent, North America continent - 25.0 percent, EU - 24.0 percent, South America area - 13.0 percent, and the Middle East (ME) & African continent - 13.0 percent

DIC Corporation, Siegwerk Druckfarben AG & Co. KGaA, Sakata Inx, Toyo Ink S.C. Holdings Co. Ltd., Flint Group, and T&K Toka are among the key players operating in the flexographic ink market.

Segment Research

This industry report offers a in-depth segmentation of the flexographic ink market based on resin type, technology, application, and area. With respect to resin type, the flexographic ink market has been broken down into polyurethanes, acrylic, polyamides, nitrocellulose, and others. On the basis of technology, the industry has been split into water-based technology, solvent-based technology, and UV-curable technology. On the basis of application type, the sector has been divided into corrugated cardboards, flexible packaging, folding cartons, and tags & labels. And on the basis of area, the industry has been divided into north america, Europe (EU), Asia Pacific (APAC), South America region, and Middle East (ME) & African continent.

Reasons to Buy the Report

From an insight prospect, this market research has emphasized several levels of analyses - industry, market share research of top players in the flexographic ink market, and company descriptions. These insights together comprise and discuss the basic overviews on the competitive landscape, coming out and high-growth segments of the flexographic ink market, high-growth areas, and sector drivers, market restraints, and alternatives.

This study furnishes highlights on the following points:

- Business entry: Exhaustive information on flexographic ink provided by the top actors in the flexographic ink market

- Product improvement/Modernizations: In-depth understanding on the next technologies, analysis & growth activities, and recent product launches in the flexographic ink market

- Industry development: Highlighted information about profitable emerging sectors - the market research examines the sector for flexographic ink across different regions

- Industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the flexographic ink market

- Opposing assessment: Detailed assessment of market shares, strategies, products, and manufacturing competences of key players in the flexographic ink market

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