Flexographic Ink Market is segmented by Resin Type (Polyamide Resin, Nitrocellulose, Polyurethane, Acrylic Resins, and Others), by Technology Type (Water-Based, Solvent-Based, and UV-Curable), by Application Type (Flexible Packaging, Corrugated Cardboard, Folding Cartons, Tags & Labels, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
Flexographic Ink Market is segmented by Resin Type (Polyamide Resin, Nitrocellulose, Polyurethane, Acrylic Resins, and Others), by Technology Type (Water-Based, Solvent-Based, and UV-Curable), by Application Type ...
The Flexographic Ink Market was estimated at US$ 3.42 billion in 2022 and is expected to grow at a CAGR of 4.7% during 2023-2028 to reach US$ 4.54 billion in 2028.
Flexographic ink is a type of printing ink used in the flexographic printing process, primarily for packaging materials. It is formulated to adhere well to various substrates like plastic, paper, and metallic foils. This ink typically comprises pigments or dyes, binders, solvents, and additives. Flexographic inks are known for their fast-drying properties, making them ideal for high-speed production.
These inks come in different formulations, including water-based, solvent-based, and UV-curable variations, each tailored to specific printing needs. They are essential for creating vibrant, long-lasting prints on labels, corrugated boxes, and flexible packaging. Flexographic ink's versatility and adaptability to various substrates make it a crucial component of the packaging industry, ensuring that printed materials meet quality and durability standards.
Market Drivers
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.
Segments Analysis
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By Resin Type
The flexographic ink market is segmented into 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.
By Technology Type
The market is segmented as water-based, solvent-based, and UV-curable. Water-based technology dominated the market during the forecast period as it has wide usage in corrugated cardboard, printing paper, plastics, and food packaging.
By 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 segmentduring 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.
Regional Analysis
In terms of 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.
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This report offers high-quality insights and is the outcome of a 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 books, press releases, journals, investor presentations, 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 qualitative and quantitative insights.
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Relevant contents in the report
How big is the sales opportunity?
In-depth Analysis of the Flexographic Ink Market
How lucrative is the future?
The market forecast and trend data and emerging trends
Which regions offer the best sales opportunities?
Global, regional, and country-level historical data and forecasts
Which are the most attractive market segments?
Market Segment Analysis and Forecast
Who are the top players and their market positioning?
Porter’s five forces analysis, PEST analysis, Life cycle analysis
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Drivers & challenges
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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.
The water-based technology dominated the flexographic ink market as it is widely used in corrugated cardboard, printing paper, plastics, and food packaging.