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    Flexo ink Market

    ID: MRFR/CnM/2397-CR
    111 Pages
    Chitranshi Jaiswal
    June 2023

    Flexo-Ink Market Research Report Information by Type (Water Based Flexo, Solvent Based Flexo, UV Based Flexo), by Resin Type (Acrylic Resin, Polyurethane Resins, Polyamide Resins, Cellulosic Resins, Vinyl Resins, and Others), by End User (Packaging Industry, Label Industry, and Paper Industry), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032.

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    Flexo-Ink Market Research Report- Forecast to 2032 Infographic
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    Flexo ink Market Summary

    As per Market Research Future Analysis, the Global Flexo-Ink Market was valued at USD 3.70 Billion in 2023 and is projected to reach USD 5.77 Billion by 2032, growing at a CAGR of 4.98% from 2024 to 2032. The market growth is primarily driven by the increasing demand for flexographic inks in the packaging sector, particularly for printing on foils, flexible films, and tissues. The rise of e-commerce in regions like Asia-Pacific, especially in China and India, further fuels this demand. The market is characterized by the dominance of water-based inks due to their environmental benefits and cost-effectiveness, alongside advancements in printing technology enhancing quality and efficiency.

    Key Market Trends & Highlights

    Key trends driving the flexo-ink market include technological advancements and environmental considerations.

    • Flexo-Ink Market Size in 2023: USD 3.70 Billion
    • Projected Market Size by 2032: USD 5.77 Billion
    • CAGR from 2024 to 2032: 4.98%
    • Asia-Pacific to dominate the market due to rising e-commerce demand.

    Market Size & Forecast

    2023 Market Size USD 3.70 Billion
    2024 Market Size USD 3.91 Billion
    2032 Market Size USD 5.77 Billion
    CAGR (2024-2032) 4.98%

    Major Players

    Key players include DIC Corporation, Siegwerk Druckfarben AG and Co. KGaA, Toyo Ink SC Holdings Co., Ltd., Sakata Inx Corporation, Flint Group, and others.

    Flexo ink Market Trends

      • The rise in demand for flexographic inks for printing is driving the market growth.

    Market CAGR for the flexo-ink market is driven by their low viscosity and simplicity of printing; flexographic inks are widely used in the packaging sector and are predicted to expand quickly over the coming years. Water-based inks use water-soluble compounds as the binder to reduce the emission of volatile organic compounds. They prevent contamination and eliminate the risk of some toxic substances coming into contact with the packed food. Printing with water-based ink is inexpensive and doesn't require special viscosity control tools. Only extremely intense ultraviolet light can cure UV-curable inks.

    They can be left on the press, saving money on cleaning costs and leaving the print station ready. They can be printed at the same viscosity level and do not require any modifications before going to the press. Flexographic printers can now compete on quality with other printing methods thanks to the development of polymer printing plates and plate processing. They are used for printing on foils, flexible films, tissues, and wrapping papers in food packaging and on paper and plastic bags in flexible packaging. Additionally, they make colors appear vibrant and stop rub-off in corrugated packaging.

    During the forecast period, the market is anticipated to be driven by the demand for flexographic inks for printing in the packaging sector. Flexographic inks, or flexo

    printing inks

    , are frequently used to print packaging materials such as cardboard boxes, packaged foods, corrugated cardboard, catalogs, paper bags, plastic bags, and newspapers. Flexographic printing is widely used because of its effectiveness, affordability, and environmental friendliness. Water-based, UV-curable, and solvent-based flexographic inks are the three main varieties. Flexographic inks are used to print on coated and uncoated paper goods, non-porous substrates like metalized and paper foils, and plastic films. However, the use of inorganic substances and risky metals, such as lead, cadmium,

    mercury

    , and hexavalent chromium, in printing inks has a detrimental effect on the environment and limits industry growth. Thus, driving the flexo-ink market revenue. Comexi, in partnership with Asahi, will hold the 'Effortless plate creation and timeless production' event on November 8, 2023, at the Comexi Technological Center, CTec, in Girona, Spain, to debut the Comexi F2 Origin advanced flexo press. The 'Effortless plate making and timeless production' event welcomes industry professionals to learn about the full production process, from in-house plate creation to printing, laminating, and slitting, which is made possible by Comexi and Asahi's turnkey project.

    Toyo Ink introduced a new series of UV flexo process inks and coatings in 2022, claiming that they provide high adhesion at high-speed printing. The Instaflex series and coatings are highlighted on the Toyo exhibit at PrintPack.

    The Global Flexo-Ink Market appears poised for growth, driven by increasing demand for sustainable printing solutions and advancements in ink technology.

    U.S. Department of Commerce

    Flexo ink Market Drivers

    Growth in E-commerce

    The Global Flexo-Ink Market Industry is significantly influenced by the rapid expansion of e-commerce. As online shopping continues to gain traction, the demand for packaging solutions that ensure product safety and aesthetic appeal is on the rise. Flexo inks are increasingly utilized in the production of packaging materials that cater to the e-commerce sector, including labels and flexible packaging. This trend is expected to drive the market's growth, with a projected compound annual growth rate of 4.98% from 2025 to 2035. E-commerce companies that prioritize high-quality packaging solutions are likely to enhance customer satisfaction and brand loyalty.

    Regulatory Compliance

    Regulatory compliance is a critical driver for the Global Flexo-Ink Market Industry. Governments worldwide are implementing stringent regulations regarding the use of chemicals in inks, particularly in food packaging applications. These regulations necessitate the development of compliant flexo inks that meet safety and environmental standards. As manufacturers adapt to these regulations, the demand for compliant inks is expected to rise, contributing to market growth. The industry's focus on regulatory compliance may also lead to innovations in ink formulations, enhancing product safety and performance. This trend underscores the importance of aligning product offerings with regulatory requirements.

    Market Diversification

    Market diversification is emerging as a key driver in the Global Flexo-Ink Market Industry. As companies seek to expand their product offerings, they are exploring new applications for flexo inks beyond traditional printing. This includes sectors such as textiles, electronics, and automotive, where flexo inks can provide unique advantages. By diversifying their applications, manufacturers can tap into new revenue streams and mitigate risks associated with market fluctuations. This strategic approach is likely to enhance the industry's resilience and adaptability in an ever-changing market landscape. Companies that successfully diversify their product lines may gain a competitive advantage.

    Market Growth Projections

    The Global Flexo-Ink Market Industry is poised for substantial growth, with projections indicating a market size of 3.91 USD Billion in 2024 and an anticipated increase to 6.68 USD Billion by 2035. This growth trajectory suggests a compound annual growth rate of 4.98% from 2025 to 2035. Such projections reflect the increasing demand for flexo inks across various sectors, driven by trends such as sustainable packaging and technological advancements. The market's expansion is indicative of the industry's ability to adapt to changing consumer preferences and regulatory landscapes, positioning it for continued success in the coming years.

    Technological Advancements

    Technological innovations play a pivotal role in shaping the Global Flexo-Ink Market Industry. The introduction of advanced printing technologies, such as digital flexo printing, enhances print quality and efficiency. These advancements allow for faster production times and reduced waste, appealing to manufacturers seeking cost-effective solutions. As the industry evolves, the integration of automation and smart technologies is expected to further streamline operations. This trend is likely to contribute to the market's growth, with projections indicating a rise to 6.68 USD Billion by 2035. Companies that embrace these technological advancements may enhance their operational efficiency and market positioning.

    Sustainable Packaging Demand

    The Global Flexo-Ink Market Industry is experiencing a notable surge in demand for sustainable packaging solutions. As consumers increasingly favor eco-friendly products, manufacturers are compelled to adopt sustainable practices. This shift is reflected in the growing use of water-based and UV-cured inks, which align with environmental regulations. In 2024, the market is projected to reach 3.91 USD Billion, driven by the need for sustainable packaging in sectors such as food and beverage. Companies that invest in sustainable flexo inks are likely to gain a competitive edge, as they cater to the evolving preferences of environmentally conscious consumers.

    Market Segment Insights

    Flexo-Ink Type Insights

    The flexo-ink market segmentation, based on type, includes water-based, solvent-based, 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. Food and beverage, cosmetics, pharmaceutical, and retail industries use labels, tags, and stickers printed using water-based flexo. It enables precise and fine printing on a range of label stocks, including paper and film.

    Flexo-Ink Resin Type Insights

    Based on resin type, the flexo-ink market segmentation includes acrylic resin, polyurethane resins, polyamide resins, cellulosic resins, vinyl resins, and others. The acrylic resin category generated the most income. High transparency and clarity are just a few of the excellent optical qualities of acrylic resin. It is the perfect material for uses that require visibility or light transmissions, such as windows, skylights, display cases, and signage, because it allows light to pass through without noticeably distorting it. Glass is a riskier option in many applications because the acrylic resin has better impact resistance.

    Injury risk is decreased because it is less likely to break or shatter. This characteristic makes it appropriate for child safety gates, barrier shields, and toys.

    Flexo-Ink End User Insights

    Based on end-user, the flexo-ink market segmentation includes the packaging industry, label industry, 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. On packaging materials made of paper and corrugated board, flexo ink is frequently used for printing. It is used to make cardboard boxes, folding cartons, and other types of packaging. On substrates made of paper, flexo inks offer outstanding color vibrancy, print quality, and adhesion.

    Get more detailed insights about Flexo-Ink Market Research Report- Forecast to 2032

    Regional Insights

    By region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The Asia Pacific flexo-ink market will dominate this market; flexographic inks are frequently used in the packaging industry. Quality, meticulousness, and aesthetics are crucial in the packaging industry because they draw customers. Flexographic ink sales are anticipated to grow during the forecast period due to rising e-commerce demand in China and India. Alibaba holds a 59 percent market share in China's e-commerce industry.

    The company's annual revenue increased by 51% year over year in FY 2024, and the packaging-dependent e-commerce market is anticipated to lead the market during the forecast period. Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

     

    Europe's flexo-ink market accounts for the second-largest market share because labor is cheap and highly skilled. The flexographic inks market will likely grow due to the countries' rising demand for food packaging, processed food, and delivery services. In this area, the demand for flexographic ink is expected to rise over the forecast period due to the elements above and government support. Further, the German flexo-ink market held the largest market share, and the UK flexo-ink market was the fastest-growing market in the European region.

    The North America Flexo-Ink Market is expected to grow fastest from 2023 to 2032. rising demand from various end-use industries, expansion of R&D activities, rising demand for personal care products, government investment policies to support industrial growth, strong economic growth in emerging nations, a plentiful supply of raw materials, and rising investments by various public and private manufacturers. Moreover, US flexo-ink market held the largest market share, and the CANADA flexo-ink market was the fastest-growing market in the North American region.

    Key Players and Competitive Insights

    Leading market players are investing heavily in research and development to expand their product lines, which will help the flexo-ink market grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, flexo-ink industry must offer cost-effective items.

    Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the flexo-ink industry to benefit clients and increase the market sector. In recent years, the flexo-ink industry has offered some of the most significant advantages to medicine. Major players in the flexo-ink market, including 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., Color Resolutions International and others, are attempting to increase market demand by investing in research and development operations. DIC Corporation, Color and Comfort: DIC is a fine chemicals company that dominates the market for printing inks, organic pigments, and PPS compounds. DIC was founded in 1908 to produce printing inks, but since then, it has expanded to serve a variety of industries, including automotive, electronics, food, and housing, by leveraging its expertise in organic pigments and synthetic resins.

    Today, DIC has operations in more than 60 nations and territories. Southeast Asia, South Asia, and Oceania comprise the Asia Pacific region, a crucial market for DIC Group and its divisions. The company is successful across all of its business lines. 15% of DIC's revenues currently come from the area with the fastest growth. DIC has a significant presence in the Asia Pacific region, with 25 facilities and offices spread across 12 nations (Australia, Bangladesh, India, Indonesia, Malaysia, New Zealand, Pakistan, Philippines, Singapore, Sri Lanka, Thailand, and Vietnam), offering high-quality goods and close-by services.

    Flint Group, Serving the international printing, converting, and colorant industries has long been a priority for Flint Group. This is made possible by our ongoing commitment to enhancing our offerings. Almost all of your printing requirements can be met by us. It can satisfy almost any requirement thanks to an unmatched and distinctive product portfolio. Its sales and technical experts provide customers with effective solutions to help them reach their objectives worldwide.

    You can count on us to provide the same level of exceptional value, dependable quality, and ongoing innovation that you expect from Flint Group and have come to expect from them throughout our history. Customers look to Flint Group for top-notch, high-impact products and solutions that will set their companies apart, including packaging converters, commercial printers, publishers, and more.

    Key Companies in the Flexo ink Market market include

    Industry Developments

    April 2023:

     Flint Group announced the launch of its new flexographic ink line, EcoFlex. EcoFlex is a water-based ink that is designed to be environmentally friendly and meet the needs of today's sustainability-conscious consumers.

    May 2023:

     Sun Chemical Corporation launched its new flexographic ink line, FlexoSolve. FlexoSolve is a solvent-based ink that is designed to provide high quality printing and performance on a variety of substrates.

    June 2023:

     Siegwerk Druckfarben AG announced the acquisition of the flexographic ink business of Huber Group. The acquisition is expected to strengthen Siegwerk's position in the global flexographic ink market.

    Future Outlook

    Flexo ink Market Future Outlook

    The Global Flexo-Ink Market is projected to grow at a 4.98% CAGR from 2024 to 2035, driven by advancements in sustainable ink technologies and increasing demand in packaging applications.

    New opportunities lie in:

    • Invest in eco-friendly ink formulations to meet regulatory standards and consumer preferences.
    • Leverage digital printing technologies to enhance customization and reduce waste in production.
    • Expand into emerging markets with tailored solutions for local packaging industries.

    By 2035, the Flexo-Ink Market is expected to achieve substantial growth, reflecting evolving industry demands and innovations.

    Market Segmentation

    Flexo-Ink Type Outlook

    • Water Based Flexo
    • Solvent Based Flexo
    • UV Based Flexo

    Flexo-Ink Regional Outlook

    North America
    • US
    • Canada

    Flexo-Ink End-User Outlook

    • Packaging Industry
    • Label Industry
    • Paper Industry

    Flexo-Ink Resin Type Outlook

    • Acrylic Resin
    • Polyurethane Resins
    • Polyamide Resins
    • Cellulosic Resins
    • Vinyl Resins
    • Others

    Report Scope

    Attribute/Metric Details
    Market Size 2023 USD 3.70 Billion
    Market Size 2024 USD 3.91 Billion
    Market Size 2032 USD 5.77 Billion
    Compound Annual Growth Rate (CAGR) 4.98% (2024-2032)
    Base Year 2023
    Market Forecast Period 2024-2032
    Historical Data 2018- 2022
    Market Forecast Units Value (USD Billion)
    Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
    Segments Covered Type, Resin Type, End-User, and Region
    Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
    Countries Covered The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
    Key Companies Profiled 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., Color Resolutions International
    Key Market Opportunities Rise in demand for flexographic inks for printing in the packaging sector.
    Key Market Dynamics Used for printing on foils, flexible films, tissues

    Market Highlights

    Author
    Chitranshi Jaiswal
    Research Analyst Level I

    In her 3 years of experience in the market research field, she has handled critical cross-domain projects. She has an in-depth knowledge of market estimation & analysis, problem-solving, primary as well as secondary research, and team management.She holds an engineering degree and is an MBA professional from a well-known university, capable of evaluating the market and competitive conditions. An exceptional strategist with excellent communication skills and a passion for delivering cutting-edge & practical insights for the market. Proficient in multi-tasking, and can successfully deal with competing demands, while maintaining complete confidentiality. Generated business through active client and project development, networking, and high-quality responses. Her knowledge and skills have helped in making solid business decisions, securing funding from investors, and avoiding business failures.

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    FAQs

    How much is the flexo-ink market?

    The flexo-ink market size was valued at USD 3.70 Billion in 2023

    hat is the growth rate of the flexo-ink market?

    The market is projected to grow at a CAGR of 4.98% during the forecast period, 2024-2032

    Which region held the largest market share in the flexo-ink market?

    Asia Pacific had the largest share of the market

    Who are the key players in the flexo-ink market?

    The key players in the market are 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., Color Resolutions International

    Which type led the flexo-ink market?

    The water-based flexo category dominated the market in 2023

    Which end-user had the largest market share in the flexo-ink market?

    The paper industry had the largest share of the market

    Flexo-Ink Market Research Report- Forecast to 2032 Infographic
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