OCEAN VIEW, Del., Aug. 18, 2017 /PRNewswire-iReach/ --
Flexographic Printing Inks Market graph is expected to
display an upward trend, subject to extensive product usage across
the food & beverage, pharmaceuticals, and cosmetics sectors.
These products are extensively used in the packaging sector
pertaining to their favorable properties. The thriving Flexible
Packaging Industry, which is anticipated to accrue a massive
revenue of more than USD 250 billion
by 2024, will thus, favorably influence the business trends.
According to Global Market Insights, Inc., "Flexographic Printing
Inks Industry is forecast to hit the targeted revenue of more than
USD 11 billion by 2024, registering a
CAGR of over 5% during the period from 2016 to 2024."
Taking into consideration the geographical landscape,
Europe flexographic printing inks
market is forecast to record notable gains of over 4.5% over the
coming seven years. The huge presence of cosmetic manufacturing
firms in the region is expected to drive the market. Germany and France are likely to be the major revenue
contributors. The North America
industry is expected to make major revenue contributions toward
flexographic printing inks industry, driven by escalated product
demand across the food packaging sector. The U.S. is projected to
contribute a large chunk towards the regional share.
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Asia Pacific flexographic
printing inks market, which collected a revenue of over
USD 2.5 billion in 2015, is
anticipated to experience a notable surge over the coming
timeframe. The growth can be credited to altering lifestyles of
consumers along with the rise in the purchasing capacity of the
middle-income groups. India and
China are expected to majorly
boost the regional share.
Flexographic printing inks find extensive applications in
corrugated containers, tags & labels, flexible packaging, metal
cans, and folding cartons. Flexographic printing inks industry size
in the flexible packaging sector is forecast to grow considerably
over the years to come, driven by the product's favorable features
such as moisture retention, aroma preservation, sealing, and
improvement of aesthetic appearance.
UV-cured, water-based, and solvent-based inks are the major
products types of flexographic printing inks industry. Water-based
flexographic printing inks market, which dominated the overall
industry size in 2015, is expected to witness a substantial growth
over the next few years. The growth can be ascribed to its major
application in newspaper, paper, and cardboard printing. Growing
use of non-VOC inks across the printing sector coupled with
mounting government support for usage of low VOC inks across the
food & cosmetic packaging sectors will push the revenue.
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Solvent-based flexographic printing inks industry revenue, which
was estimated at over USD 1.5 billion
in 2015, is expected to expand remarkably over the coming years.
Favorable properties such as scratch resistance, exceptional
printing ability, and durability has made the product more popular
across the packaging sector.
UV-cured flexographic printing inks market size is expected to
grow at a CAGR of over 6% during the period from 2016 to 2024,
driven by the product's ability to provide color consistency,
chemical resistance, gloss, and rub resistance.
Flexographic printing inks industry is highly fragmented with
top six industry players contributing less than 20% of the global
market share in 2015. TOYO Ink Group, Flint Group, ALTANA AG, INX International, Wikoff Color
Corporation, Sun Chemical, Zeller+Gmelin GmbH & Co. KG,
A.M. Ramp u. Co. GmbH, T&K TOKA
Company Limited, Siegwerk Druckfarben AG & Co. KGaA, Sun
Chemical, Zhongshan DIC Colour Company Limited, XSYS Print
Solutions Limited, and Shanxi Tercel Ink Group are the major
participants of flexographic printing inks market
Browse key industry insights spread across 135 pages with 149
market data tables & 12 figures & charts from the report,
"Flexographic Printing Inks Market Size By Product (Water-based,
Solvent-based, UV-cured), By Application (Flexible Packaging,
Corrugated Containers, Folding Cartons, Tags & Labels),
Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy,
China, India, Japan,
Australia, Indonesia, Malaysia, Brazil, Mexico, South
Africa, GCC), Growth Potential, Price Trends, Competitive
Market Share & Forecast, 2016 – 2024" in detail along with
the table of contents:
https://www.gminsights.com/industry-analysis/flexographic-printing-inks-market
Browse Related Reports:
- Flexible Packaging Market Forecast, 2016 – 2024
Flexible Packaging Market size was valued at over USD 150 billion in 2015, increasing at more than
5% CAGR from 2016 to 2024. Increase in demand from healthcare,
cosmetics & toiletries, food & beverages, household
products, sporting goods and other agricultural products industries
will drive global flexible packaging market growth. Shift in trends
towards convenient packaging due to lightweight characteristic and
ease of use may propel market growth.
https://www.gminsights.com/industry-analysis/flexible-packaging-market
- Bulk Container Packaging Market Forecast, 2016 –
2024
Bulk Container Packaging Market size was more than
USD 2.5 billion in 2015 and is
forecast to witness gains close to 10% CAGR by 2024. Increasing
flexitank usage in bulk non-hazardous chemicals and food
ingredients transportation is the major factor propelling the
overall bulk container packaging market size over the projected
timeframe. Flexitank offers value added advantages over other
counterparts such as drums or barrels, ISO containers and
intermediate bulk containers (IBC).
https://www.gminsights.com/industry-analysis/bulk-container-packaging-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research
and consulting service provider; offering syndicated and custom
research reports along with growth consulting services. Our
business intelligence and industry research reports offer clients
with penetrative insights and actionable market data specially
designed and presented to aid strategic decision making. These
exhaustive reports are designed via a proprietary research
methodology and are available for key industries such as chemicals,
advanced materials, technology, renewable energy and
biotechnology.
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