Pune, India, February 07, 2018/MRFR Press Release/- Market Research Future Published a Cooked Research “Global Flexo-ink Market Research Report - Forecast to 2023” - Market Analysis, Scope, Stake, Progress, Trends and Forecast up to 2023.
Market Research Future (MRFR) has published a cooked research report on the “Global Flexo-Ink Market” that contains information from 2023 to 2032. The Flexo-Ink Market is estimated to register a CAGR of 5.72% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the Global Flexo-Ink Market— DIC Corporation, Siegwerk Druckfarben AG and Co. KGaA, Toyo Ink SC Holdings Co. Ltd., Sakata Inx Corporation, Flint Group, T&K Toka Co. Ltd., The Braden Sutphin Ink Company, Alden and Ott Printing Inks Company, Nazdar Company Inc., and Color Resolutions International.
Flexo Ink Market Highlights
The Global Flexo-Ink Market is accounted to register a CAGR of 5.72% during the forecast period and is estimated to reach USD 5.77 Billion by 2032.
Global Flexo-Ink Market refers to the worldwide market for flexographic inks. Flexographic inks are a type of printing ink specifically designed for flexographic printing, a popular method used for printing on various flexible materials like paper, cardboard, plastic, and more.
Factors influencing the global flexo-ink market may include advancements in ink technology, demand from various end-user industries, environmental regulations, and emerging printing trends.
Segment Analysis
The Global Flexo-Ink Market has been segmented based on type and end user.
On the basis of type, the market is segmented into water based flexo, solvent based flexo and uv based flexo. The water-based segment dominated the market. water-based flexo is frequently used for printing on packaging materials like corrugated cardboard, folding cartons, labels, and flexible packaging. Because it is non-toxic and environmentally friendly, it can be used for food packaging applications and offers high-quality, vibrant printing on various substrates.
Based on end user, the market has been segmented into Packaging Industry, Label Industry and Paper Industry. The paper industry category generated the most income. For printing newspapers, flexographic printing is frequently used. Flexo inks are ideal for high-speed newspaper production because they have quick drying times, strong adhesion to newsprint paper, and effective printing capabilities.
Regional Analysis
The Global Flexo-Ink Market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Global Flexo-Ink Market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Global Flexo-Ink Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Global Flexo-Ink Market comprises of Middle East, Africa, and Latin America.
North America has traditionally been one of the major consumers and producers of flexo inks. The United States and Canada have a significant presence in the packaging industry, which drives the demand for flexographic printing and, consequently, flexo inks.
Europe also held a prominent position in the global flexo-ink market. Countries like Germany, the United Kingdom, France, Italy, and others had well-established packaging industries that extensively used flexographic printing, leading to a substantial demand for flexo inks.
The Asia-Pacific region was witnessing robust growth in the flexo-ink market due to the rapid industrialization and increasing demand for packaged goods in countries like China, India, Japan, South Korea, and others. The region's expanding e-commerce industry and rising consumer goods packaging requirements contributed to the market's growth.
Furthermore, the rest of the world's Global Flexo-Ink Market is divided into the Middle East, Africa, and Latin America. Latin America had a growing flexo-ink market, primarily driven by Brazil and Mexico, where packaging and labeling demands were on the rise, fueled by a growing middle class and changing consumer preferences.
Key Findings of the Study
- The Global Flexo-Ink Market is expected to reach USD 5.77 Billion by 2032, at a CAGR of 5.72% during the forecast period.
- The Asia-Pacific region was witnessing robust growth in the flexo-ink market due to the rapid industrialization and increasing demand for packaged goods. The region's expanding e-commerce industry and rising consumer goods packaging requirements contributed to the market's growth.
- Based on end user, the market has been segmented was Packaging Industry holding the largest market in 2022.
- DIC Corporation, Siegwerk Druckfarben AG and Co. KGaA, Toyo Ink SC Holdings Co. Ltd., Sakata Inx Corporation, Flint Group, T&K Toka Co. Ltd., The Braden Sutphin Ink Company, Alden and Ott Printing Inks Company, Nazdar Company Inc., and Color Resolutions International.
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