About Flexographic Inks
The flexographic inks are the inks that transferred by the process of flexography, mainly used in the printing of packing materials such as cardboard boxes, corrugated cardboard, paper bags & plastic bags, food packaging, newspapers, and catalogs, among others. The inks and method of printing continue to grow in popularity due to its low cost and environmentally friendly nature. There are three main types of inks such as water-based, solvent-based, and UV cured.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.9% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States, Japanese, German Manufacturers will contribute the maximum growth to Global Flexographic Inks market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Sun Chemical Corp. Inc. (United States), Siegwerk Druckfarben AG & Co. KGaA (Germany), DIC Corporation (Japan), Flint Group (Luxembourg), Zeller+Gmelin GmbH & Co. (Germany), RUCO Druckfarben (Germany), T&K TOKA Corporation (Japan), Wikoff Color Corporation (United States), INX International Ink Co. (United States) and Sakata Inx (India) Pvt. Ltd. (India) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Toyo Ink S.C. Holdings (Japan), Braden Sutphin Ink Company (United States), Hubergroup USA, Inc. (United States) and Central Ink Corporation (United States).
Segmentation Overview
AMA Research has segmented the market of Global Flexographic Inks market by Type (Water-based, Solvent-based and UV-cured), Application (Flexible Packaging, Corrugated Cardboard, Folding Cartons, Tags & Labels and Others) and Region.
On the basis of geography, the market of Flexographic Inks has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region held largest market share in the year 2023. If we see Market by Resin Type, the sub-segment i.e. Nitrocellulose will boost the Flexographic Inks market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increased Use of Digital Technology and Adaptability to a Changing Market
Market Growth Drivers:
The Rising Demand for Flexographic Printing Ink from Packaging Industry, The Surged Demand for UV-Curable Inks and Latest Technological Advancements in Resin Technologies
Challenges:
Stringent Packaging and Printing Regulations and The Shifting of the Market from Print to Digital Media
Restraints:
The Volatility in Raw Material Prices and The Market has been reached at Maturity Level in Some Developed Countries
Opportunities:
The Significant demand for Solvent-Based Inks, The Rising Importance of UV-Curable Technology in Food Packaging and The Growing Demand for Flexographic Inks from Developing Regions
Market Leaders and their expansionary development strategies
In May 2023, Koenig & Bauer has signed a cooperation agreement with the printing ink specialist hubergroup Print Solutions, forming a partnership covering conventional printing inks specifically for Rapida sheetfed offset presses.
In May 2023, Fujifilm launched of a new range of LED IDFC (low migration) inks and varnishes. Available in a full spectrum of colors, the new ink set is designed for the label and flexible packaging markets where migration is a key priority, such as food applications, and is fully compatible with a wide range of commonly used label stocks and packaging materials.
Key Target Audience
Manufacturers of Flexographic Ink, Raw Material Suppliers, Manufacturers of Resins & Other Feedstock Chemicals, Manufacturers of Important Intermediate Chemicals, Government Agencies or Organizations, Research Institutions and Organizations, Various End-Users Applications, Traders, Distributors, and Suppliers of Flexographic Printing Ink and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.