Flexographic Printing Inks Market to hit $11 Billion by 2024

Global Market Insights Inc. - Seite 2

Browse key industry insights spread across 135 pages with 149 market data tables & 12 figures & charts from this 2017 report Flexographic Printing Inks Market in detail along with the table of contents at:    

https://www.gminsights.com/industry-analysis/flexographic-printing-inks-market

Water-based accounted for the maximum flexographic printing inks market share in 2015. These inks are majorly used in the paper, cardboard and newspaper printing. Increasing government initiative along with rising consumer awareness towards use of low VOC inks in the food and cosmetic packaging applications will substantially boost the industry size in the near future.

In 2015, solvent-based inks accounted for more than 25% of the overall flexographic printing inks market share. The product offers promising characteristics such as durability, high printing rate (due to speedy drying) and scratch resistance. However, firm consumer and environment safety regulations directed by the FDA may obstruct industry growth in the coming years.

In 2015, packaging applications comprised of the maximum chunk of flexographic printing market share. Tags & labels, metal cans, folding carton, flexible packaging and corrugated containers and the major packaging applications in the industry. robust growth in the cosmetic, food & beverage and pharmaceutical industry along with increasing packaging demand in these industries will boost the industry growth by 2024. Additionally, value added product features such as aroma preservation, sealing, moisture resistance and appealing esthetics positively influences the product demand for food packaging applications by 2024.

In 2015, the industry share was fragmented with six major companies holding less than 20% of the total share. TOYO Ink, INX International, Zeller+Gmelin, XSYS Print Solutions, Zhongshan DIC Colour, Flint Group, Sun Chemical, ALTANA AG, Wikoff Color, TOKA, RUCO, Tercel Ink, Jiangmen Toyo and Taiyuan Coates are some of the prominent industry share contributors.

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Flexographic printing inks market research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in kilo tons and revenue in USD million from 2013 to 2024, for the following segments: