Wilmington, Delaware, United States, July 27, 2022 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - Flexographic printing inks manufacturers and suppliers are increasingly capturing value-grab opportunities in use of flexographic printing on wide spectrum of packaging substrates. Growing applications in consumer good packaging and food packaging industries are generating massive revenue streams for firms in flexographic printing inks market. The global opportunities in flexographic printing inks market are projected to reach worth of US$ 7.7 Bn by the end of 2031.
Costs incurred the printing work, including in the clean-up, as well as ease of handling are some of the basic criteria of choosing specific flexographic printing inks types. Besides this, stakeholders are carefully considering the environmental footprint of the products in the flexographic printing inks market. The study authors observed that water-based flex inks have been extensively utilized for printing on packaging materials, and the shift from solvent-based to these is fueled by environmental and health benefits these offer to printing manufacturers.
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Key Findings of Flexographic Printing Inks Market Study
- Widespread Application of UV-cured Inks in Flexographic Printing Underpin Vast Growth Avenue: Flexographic printing inks end users are increasingly investing in UV flexographic inks. UV-cured inks promise better quality of printing, mainly due to low viscosity and ease of handling, whereby firms are expected to reap incredible revenue gains from rising usage of flexographic printing inks. Additionally, these ink types require less maintenance. Wide range of colors reproducible with printing flexo inks, coupled with their non-toxicity, are nudging companies in the flexographic printing inks market to expand product portfolio. They are preferred in wide range of substrates. The segment held a major market share of 38.3% in 2021
- Massive Demand for Printing on Food Packaging Presents Enormous Opportunities: The demand for flexographic printing inks for flexible packaging substrates and on corrugated containers is rising, notes the study on the flexographic printing inks market. In particular, these inks are adopted for packaging of myriad food products, notably including dairy and beverages. The abundant demand in the food packaging industry will spur revenue streams for most flexographic printing inks manufacturers.
- Manufacturers to Capitalize on Remarkable Properties of Polyurethane Resin-Based Inks for Flexible Packaging Application: The packaging sector is especially leaning on utilizing polyurethane resin-based ink systems. In effect, they have gained popularity for printing on flexible packaging substrates. Proliferating use of flexographic printing in the flexible packaging industry for brands in end-use industries will broaden the usage products of the flexographic printing inks market.
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Flexographic Printing Inks Market: Key Drivers
- Need for fast and efficient printing is a key driver for flexographic printing. The process is gathering traction for the advantages of reduced production cost, eco-sustainability, and versatility. Thus, strides in flexographic printing presents a vast market proposition for the inks.
- Rise in use of printing on packaging surfaces notably from the food and consumer goods industries has accelerated the commercialization of products in the flexographic printing inks market.
Flexographic Printing Inks Market: Regional Growth Dynamics
- Consumption of products in the packaging sector in Asia Pacific serves as key trend for revenue generation, thus expanding the flexographic printing inks market size during the forecast period. The regional market held a major market share in 2021. A bulk of demand has come from China, and increasingly from the uptake in the consumer-packaged sector.
- North America and Europe jointly accounted for more than half of the global market share in the same year. Extensive R&D on flexographic inks is reinforcing revenue streams for firms in these regional markets.
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Flexographic Printing Inks Market: Key Players
Some of the key players in the flexographic printing inks market are:
- Zeller+Gmelin GmbH & Co. KG
- T&K Toka Co., Ltd.
- Huber Group
- INX International Ink Co.
- Wikoff Color Corporation
- Altana AG
- Toyo Ink SC Holdings Co., Ltd.
- Siegwerk Druckfarben AG & Co. KGaA
- Flint Group
- Sun Chemical Corporation
Flexographic Printing Inks Market Segmentation
- Type
- Water-based Inks
- Solvent-based Inks
- UV-cured Inks
- Resin
- Nitrocellulose
- Polyamide
- Polyurethane
- Acrylic
- Application
- Packaging
- Flexible Packaging
- Corrugated Containers
- Folding Cartons
- Tags and Labels
- Others
- Packaging
Regions Covered
- North America
- Latin America
- Europe
- Asia Pacific
Countries Covered
- U.S.
- Canada
- Germany
- U.K.
- France
- Spain
- Italy
- Russia and CIS
- Japan
- China
- India
- ASEAN
- Brazil
- Mexico
- GCC
- South Africa
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