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Global Flexo-ink Market Overview to 2023Flexo-Ink has been developed on the basis of conventional letterpress printing. Since then flexographic printing has been evolved as modern way of printing in various applications such as corrugated, flexible film, label and tag, folding cartons and envelope among others. Flexography printing inks are gaining importance in the field of printing industry over gravure printing inks in terms of shorter runs, which benefits special promotions and the demand for even small quantities. However, stern regulations of authorities such as FDA and EPA towards high emissions of volatile organic compound (VOCs) can hamper the market growth. Thus, major players in market are focusing more into expansion and launching of cost efficient products indicating growth in key markets segments.
Global Top 10 Key Players
Key players of the global Flexo-ink market are Sun Chemical Group, Flint Group, TOYO INK SC HOLDINGS CO., LTD., HuberGroup Deutschland GmbH, T & K TOKA CO., LTD., SAKATA INX CORPORATION and Siegwerk Druckfarben AG & Co. KGaA among others.
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Flexo inks are produced with mixture of resins, additives, pigments, surfactants, adhesion promoters and micro amounts of deformers and silicones to provide excellent properties with cost advantages. Flexo inks are available in three forms, water based, solvent based and UV based. Solvent based flexo inks are ideal for plastics films, wallpaper and commercial uses while water based inks works well with porous materials like cardboard and paper. However, with increase in achievable quality combined with savings in downtime and waste have made UV Flexo inks one of the popular standardised ink in the sector
Geographically, Asia Pacific region is the largest market of Flexo-ink due to growing Flexo ink manufacturers owing to minimal legislations by environmental regulation bodies. Asia Pacific accounts for 40% of market share in which China is dominating segment with more than 50% of market share. With increasing investments in expansion and product development by major players in market especially in packaging industry are also projected to boost the market for flexographic ink market. In addition, packaging industries are gathering more attention to flexible packaging by offering attractive look for customers to purchase. Further in coming years, it is expected that key players will target these region in order to form strategic alliance with local players in market to maintain market share.
Segmentation
The global Flexo-ink market is majorly segmented on the basis of Type, Resin Type, End Use and Region. On Basis of Type, global Flexo-ink market is segmented into Water Based Flexo, Solvent Based Flexo, and UV Based Flexo. Based on Resin Type, Flexo-ink market is segmented into Acrylic Resin, Polyurethane Resins, Polyamide Resins, Cellulosic Resins, Vinyl Resins, Others. Based on end use, Flexo-ink is segmented into Packaging Industry, Label Industry, and Paper Industry. Based on region market is divided into North America, Europe, APAC and Rest of the World.
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The report about Global Flexo-ink Market by Market Research Future comprises of extensive primary research along with detail analysis of qualitative as well as quantitative aspects by various industry experts and key opinion leaders to gain a deeper insight of the market and industry performance. The report gives a clear picture of the current market scenario which includes past and estimated future market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report further provides detail information about strategies used by top key players in the industry. It also gives a broad study about different market segments and regions.
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