Flexographic Ink Market | Covid-19 Impact Analysis

Flexographic Ink Market Insights

Flexographic Ink Market is likely to witness an impressive CAGR of 5.2% during the forecast period. The market is driven by the growing demand for flexographic ink from end-use applications, such as flexible packaging, corrugated cardboard, folding cartons, tags & labels, and others. The growth of the market is further attributed to the enhanced investments made by the key players to launch economical products, expansion, and merger and acquisition activities.

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Market Share Analysis

Flexographic Ink Market Share: By Resin Type  

Based on the resin type, the market is segmented as polyamide resins, nitrocellulose, polyurethane, acrylic resins, and others. The acrylic resins segment dominated the market owing to their extensive application in binders for paper and fiber processing, backlights for LCDs, and display windows for cell phones.

Flexographic Ink Market Share: By Technology Type

Based on the technology type, the market is segmented as water-based, solvent-based, and UV-Curable. The water-based technology dominated the market as it finds wide usage in corrugated cardboard, printing paper, plastics, and food packaging.

Flexographic Ink Market Share: By Application Type

Based on the application type, the flexographic ink market is segmented into flexible packaging, corrugated cardboard, folding cartons, tags & labels, and others. The corrugated cardboard segment is estimated to be the largest segment during the forecast period. Strong demand from packaging industries for cigarettes, healthcare products, and frozen foods are the major growth drivers for the dominance of the corrugated cardboard segment.

Flexographic Ink Market Share: By Region

Europe is estimated to be the largest market for flexographic ink during the forecast period. Increasing demand for packaging from industries, such as food & beverage, healthcare, and consumer goods is the major factor behind the dominance of Europe in the global flexographic ink market. Asia-Pacific is expected to remain the fastest-growing market for flexographic ink during the forecast period. China, Japan, Taiwan, and South Korea are the growth engines of the region, owing to the rising demand for convenient packaging from a wide array of end-use industries, such as electricals & electronics, FMCG, food & beverage, and others.

Flexographic Ink Market: Key Players

Some of the flexographic ink manufacturers are DIC Corporation, Siegwerk Druckfarben AG & Co. KGaA, Toyo Ink SC Holdings Co., Ltd., Sakata Inx Corporation, Flint Group, T&K Toka Co. Ltd., The Braden Sutphin Ink Company, Alden & Ott Printing Inks Company, Nazdar Company Inc., and Color Resolutions International.

Market Scope & segmentation

Flexographic Ink is the ink type that is transferred through the flexography process. The ink type is mainly used in the printing of different packaging materials.

Flexographic ink can be made by different resins types such as polyamide resins, nitrocellulose, polyurethane, acrylic resins, and others. Flexible packaging, corrugated cardboard, folding cartons, tags, labels, and others are the different applications areas where flexographic ink is used.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The flexographic ink market is segmented into the following categories. 

Flexographic Ink Market Size, Share & Forecast, by Resin Type:

• Polyamide Resins
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (By Type: Reactive Polyamides and Non-Reactive Polyamides (Co-Solvent Polyamides and Alcohol Soluble Polyamides))
• Nitrocellulose
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (By Type: RS Nitrocellulose and SS Nitrocellulose)
• Polyurethane (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Acrylic Resins
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (By Type: Acrylic Solution Resins, Acrylic Aqueous Emulsions, Acrylic Nad, and Water-Based Inks)
• Other Resins (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)  

Flexographic Ink Market Size, Share & Forecast, by Technology Type:

• Water-Based Technology (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Solvent-Based Technology (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• UV-Curable Technology (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Flexographic Ink Market Size, Share & Forecast, by Application Type:

• Flexible Packaging (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Corrugated Cardboard (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Folding Cartons (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Tags & Labels (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Flexographic Ink Market Size, Share & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the technology types by application types.   

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].