Flexographic Ink Market Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends Forecast 2025
Increasing consumer spending for purchase of goods and services has led to improvement in offerings by manufacturers and various service providers such as retailers and logistic service providers, as major focus on providing better packaging to guarantee quality of product and service. Thus players in printing industry are focusing to provide attractive printing solutions. Packaging applications account for approximately 50 percent of market share in the global flexographic ink market. Flexographic inks are transferred on to the substrate by the process of flexography. Flexographic inks are primarily used in printing of packaging solutions.
Further flexographic inks are used in printing of plastic
and paper bags, cardboard box, catalogues, banners and hoardings. Depending
upon application of flexographic ink and printing surfaces, several types of
inks are available in market. Price is another major factors that influence the
adoption of a particular flexographic printing ink.
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Flexographic Ink Market: Drivers & Restraints
Low cost and environment friendly product offerings is
likely to drive the demand for these flexographic inks in turn driving the
growth of flexographic ink market during the forecast period. The growing
demand for flexographic inks owing to the growth of printing industry is
another factor likely to drive the growth of flexographic ink market.
Increasing FDI investments in emerging economies and stabilizing U.S. economy
further optimizes the chances of the growth of the market during the forecast
period. However, recent downturn in Europe and China is likely to hamper growth
of the market over the forecast period.
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Flexographic Ink Market: Region-wise Outlook
Region-wise the global flexographic ink market is segmented
into prominent regions such as North America, Eastern and Western Europe, Asia
Pacific Excluding Japan, Japan, Latin America and Middle East & Africa. The
global flexographic ink market is expected to witness a moderate growth during
the forecast period. However region in Asia Pacific (such as China and India)
and in MEA (South Africa and Turkey) are expected to register healthy growth
during the forecast period. Europe is projected to be the largest market for
the flexographic ink. Countries such as Germany, France, and U.K. are markets
with strong growth potential for flexographic ink.
Following Europe, the next major market for flexographic
inks is North America with prominent countries such as U.S. and Canada. Asia
Pacific flexographic ink market is also expected to witness high growth rate
with china being the major contributor of growth. In Latin America, Brazil,
Peru, Chile are among the countries with potential demand for flexographic
inks. Japan is another significant market for flexographic ink, with majority
of manufacturers located in the region.
Flexographic Ink Market: Key Players
The key players identified in the Global Flexographic Ink
market are listed below-
- Sun
Chemical Corp.Inc.
- Siegwerk
Druckfarben AG & Co. KGaA
- DIC
Corporation
- Flint
Group
- Zeller+Gmelin
GmbH & Co.
- RUCO
Druckfarben
- T&K
TOKA Corporation
- Wikoff
Color Corporation
- INX
International Ink Co.
- Sakata
Inx (India) Pvt. Ltd.
- Toyo
Ink S.C. Holdings
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