Flexographic Ink Market Overview:
Flexographic Ink Market is likely to witness an impressive CAGR of 5.2% during the forecast period. The market is driven by the growing demand for flexographic ink from end-use applications, such as flexible packaging, corrugated cardboard, folding cartons, tags & labels, and others. The growth of the market is further attributed to the enhanced investments made by the key players to launch economical products, expansion, and merger and acquisition activities.
Report Overview:
This new report from Stratview Research analyses the Flexographic Ink Market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
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Flexographic Ink Market Segment Insights:
Resin Type: polyamide resins, nitrocellulose and others
Based on the resin type, the market is segmented as polyamide resins, nitrocellulose, polyurethane, acrylic resins, and others. The acrylic resins segment dominated the market owing to their extensive application in binders for paper and fiber processing, backlights for LCDs, and display windows for cell phones.
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Application Type: explosives & drilling, mineral processing and others
Based on the application type, the market is segmented as explosives & drilling, mineral processing, water & wastewater treatment, and others. The water & wastewater treatment application segment is expected to lead the market in the coming five years. The growth is attributed to the growing demand for freshwater and stringent environmental protocols.
Technology Type: water-based, solvent-based, and UV-Curable
Based on the technology type, the market is segmented as water-based, solvent-based, and UV-Curable. The water-based technology dominated the market as it finds wide usage in corrugated cardboard, printing paper, plastics, and food packaging.
Application Type: flexible packaging, corrugated cardboard and others
Based on the application type, the flexographic ink market is segmented into flexible packaging, corrugated cardboard, folding cartons, tags & labels, and others. The corrugated cardboard segment is estimated to be the largest segment during the forecast period. Strong demand from packaging industries for cigarettes, healthcare products, and frozen foods are the major growth drivers for the dominance of the corrugated cardboard segment.
A highly/moderately/fragment consolidated Market
Some of the flexographic ink manufacturers are DIC Corporation, Siegwerk Druckfarben AG & Co. KGaA, Toyo Ink SC Holdings Co., Ltd., Sakata Inx Corporation, Flint Group, T&K Toka Co. Ltd., The Braden Sutphin Ink Company, Alden & Ott Printing Inks Company, Nazdar Company Inc., and Color Resolutions International.
Region: Europe is estimated to be the largest market
Europe is estimated to be the largest market for flexographic ink during the forecast period. Increasing demand for packaging from industries, such as food & beverage, healthcare, and consumer goods is the major factor behind the dominance of Europe in the global flexographic ink market. Asia-Pacific is expected to remain the fastest-growing market for flexographic ink during the forecast period. China, Japan, Taiwan, and South Korea are the growth engines of the region, owing to the rising demand for convenient packaging from a wide array of end-use industries, such as electricals & electronics, FMCG, food & beverage, and others.
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