Flexo-Ink Market Overview:
The global flexo-ink market is projected to grow with CAGR of 5.72% during forecast period. Growing new technologies in printing industry such as sleeve and adapter technology has contributed more towards improved print quality worldwide, thereby reducing setting time and labor costs. Thus, growing printing industry is another driving factor in the growth of global flexographic inks market. Flexo-inks are available in various forms such as solvent, water and UV based among others. Solvent based flexo-ink has occupied the largest share among the segment in 2018, with 52% market share.
Growing demand for solvent-based inks over water based is mainly due to easy penetration of inks on plastic substrates. The main key challenge for water-based inks are more drying time and less press efficiency. Over the years, with increasing government regulations, water based flexo-inks are anticipated to be evolved as new generation ink market owing to less VOC emissions and lower flammability.
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Flexo-Ink Market Key Players:
Market Research Future (MRFR) recognizes the following companies as the key players in the global Flexo-Ink market:
- Sun Chemical Group,
- Flint Group,
- TOYO INK SC HOLDINGS CO. LTD.,
- HuberGroup Deutschland GmbH,
- T & K TOKA CO. LTD.,
- SAKATA INX CORPORATION,
- Siegwerk Druckfarben AG & Co. KGaA
Flexo-Ink Market Segment Analysis:
The global Flexo-Ink market has been segmented into Type, Resin Type and End Use. On the basis of Type, the market has been divided into water based flexo, solvent based flexo and UV based flexo.
Solvent based inks are very popular in flexographic printing inks. However, solvents in these inks, are primarily containing volatile organic compounds (VOCs), which have caused concerns for health and safety, as they are usually very flammable and contribute to the formation of ground-level ozone, which is a component of smog and causes respiratory and other health problems. Water based flexo ink are primarily made of water solvents and contain substantial percentage of organic solvents and VOC’s, that are usually less flammable than solvent based inks and are easier to store and use.
Thus, UV flexo inks are used for label printing, packaging segment owing to its usage as low migration UV based inks which benefits food packaging industry for maintaining flavor, odor and quality. In coming years, it is expected that the water-based ink market will surpass the demand of solvent based ink market.
Flexo-Ink Market Regional Analysis:
Asia Pacific region is dominating region and accounted for 40% market share in global flexo-ink market. Growing investments in R&D for innovative products packaging across cosmetics and pharmaceuticals has significantly propelled the market growth in this region. Europe witnessed considerable growth in global flexo-ink market. Stern regulations regarding minimal VOC contain or free VOC contain products are driving high attention in developed regions.
Moreover, growing demand for ready to eat meals among consumer with new labels and advertisement campaign are expected to augment the market growth in this region. North America flexo ink market witnessed significant growth with CAGR of 5.39% during forecast period. Key players in food & beverage industry based in U.S. and Canada are spending more on outdoor advertisements which are further anticipated to drive the market growth.
Flexo-Ink Market Table of Content:
1 Executive Summary
2 Scope of The Report
3 Research Methodology
4 Market Dynamics
5 Market Factor Analysis
Flexo-Ink Market Table of Content to be Continue……,
Flexo-Ink Market List of Table:
Table 1 Global Flexo-Ink Market, By Type, (2015-2023) (USD Million)
Table 2 Global Flexo-Ink Market, By Type, (2015-2023) (TT)
Table 3 Global Water Based Flexo Market for Flexo Ink Market, By Regions, (2015-2023) (USD Million)
Table 4 Global Water Based Flexo Market for Flexo Ink Market, By Regions, (2015-2023) (TT)
Table 5 Global Solvent Based Flexo Market for Flexo Ink Market, By Regions, (2015-2023) (USD Million)
Flexo-Ink Market List of Table to be Continue……,
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