Flexographic Ink Market Growth Analysis | 2023-2028

Market Highlights

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.

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What is Flexographic Ink?

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 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.

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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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.
• Color Resolutions International

Research Methodology

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.

Report Features

This report provides market intelligence most comprehensively. 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 and those willing to enter the market.

What Deliverables Will You Get in this 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 product types by application type.  

Competitive Benchmarking

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

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