The global flexo-ink market report showcases the significant growth of the market by the year 2023 with a growing CAGR of 5.72%. The key players and manufacturers in the global market are focusing a lot on providing good quality packaging for guaranteeing the quality of product and service. In addition to this, strict regulations by the authorities such as FDA and EPA towards the high emissions of various compounds is hampering the growth of the market.
Flexography is a printing technology that is used for printing on coated and uncoated paper materials that include metallized and paper foils and plastic films. The flexo-ink is developed based on conventional letterpress printing and since then it has evolved in a modern way of printing in various applications. The flexography printing inks are also gaining importance in the field of printing industry that will benefit the promotions and demands even for small quantities.
Flexo-ink printing has been quite cost effective owing to the convergence of a variety of market players that ranges from sustainability and other environmental concerns along with the cost management and reduction that will positively impact the growth in the demand and supply of flexo-ink. These inks are being used expansively in packaging of a number of products that includes food and beverages, cosmetics, etc.
Market segmentation
The global flexo-ink Emerging Markets Outlook is improving day-by-day with the categorization based on the type, resin type, and end use. The report also suggests the market dynamics that are playing a major role in contributing to the growing needs of different sectors. On the basis of the type, the global flexo-ink market can be split into:
- Solvent based flexo
- Water based flexo
- UV based flexo
And on the basis of resin type, the global flexo-ink market can be divided into:
- Polyurethane resins
- Acrylic resin
- Polyamide resins
- Vinyl resins
- Cellulosic resins
- Others
And as per the end use, the global flexo-ink market can be classified into:
- Label industry
- Packaging industry
- Paper industry
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Regional analysis
It is estimated that North America will dominate the flexo-ink market for the forecast period of 2021-2030, owing to the increase in the investments and the capacity expansions. As per a study, there will be a lot of investment in the US petrochemical industry by 2020. Moreover, the Asia-Pacific market size is also rising and countries of India, China and Japan are expected to take over a major share in the global flexo-ink market. Europe is also a dominating market attributing to the presence of packaged food industries that is leading to the labelling and attracting packaging of the food and beverages products.
Industry news
Sun Chemical would use Labelexpo as a medium for the official release of SolarVerse, a collection of pigmented, multifunctional UV flexo base extracts, engineered to be conveniently distributed via a regular UV flexo container and to give consumers substantial cost benefits and versatility advantages.
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