ALBANY, New York, April 27, 2017 /PRNewswire/ --
Transparency Market Research has published a new report titled "Flexographic Printing Inks Market (Water-based, Solvent-based and UV-cured) for Packaging and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2017 - 2025" According to the report, the global flexographic printing inks market was valued at US$ 6,560.4 Mn in 2016 and is anticipated to reach US$ 10,919.4 Mn by 2025, expanding at a CAGR of 5.8% between 2017 and 2025.
In terms of product type, flexographic printing inks market has been divided into water-based inks, UV-cured inks and solvent-based inks. The water-based inks dominated the global flexographic printing inks market in 2016. Furthermore, the demand of UV-cured inks is likely to create lucrative market opportunity during forecast period. Water-based printing inks are similar to solvent-based printing inks. However, water-based inks contain water as its major constituent along with glycol. Solvent-based printing inks offer long-lasting and durable prints that are resistant to scratching and rubbing. UV-cured or ultraviolet curing is a photochemical process, wherein high-intensity ultraviolet light is used to cure or dry printing inks.
Flexographic printing inks is primarily used in packaging, and publication application. In terms of revenue, packaging led the flexographic printing inks market, followed by others application, in 2016. The packaging segment accounted for significant share of the flexographic printing inks market in 2016 and the trend is likely to remain during the forecast period. The packaging segment includes corrugated containers, tags and labels, flexible packaging, folding cartons, and others. The flexible packaging segment is likely to offer promising opportunities for the packaging application during the forecast period. Considering the substantial growth in digitalization and high level of proliferation of e-books and e-commerce trade, the market for others segment is predicted to expand at a slow pace during the forecast period.
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In terms of region, Asia Pacific accounted for a major share of the flexographic printing inks market in 2016. The region is anticipated to lead the market over the forecast period due to the rising usage of flexographic printing inks in packaging sector. The Asia Pacific flexographic printing inks market was followed by North America and Europe in 2016. Asia Pacific region is projected to be a promising market for flexographic printing inks in the next few years due to the growing usage of packaging for food & beverages and personal care products.
Some of key manufacturers operating in the flexographic printing inks market are Flint Group, Siegwerk Druckfarben AG & Co. KGaA, Huber Group, Sun Chemical Corporation, Wikoff Color Corporation, Zeller+Gmelin GmbH & Co. KG., INX International Ink Co., Toyo Ink SC Holdings Co., Ltd., ALTANA AG, and T&K TOKA CO., LTD.
The report provides a comprehensive view of the flexographic printing inks market in terms of volume and revenue. It includes current demand analysis and forecast for resin, technology and application segments in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Furthermore, the report offers detailed country-wise analysis of the flexographic printing inks market in the regions mentioned above.
The flexographic printing inks market has been divided into the following segments:
Flexographic printing inks Market - Product Analysis
- Water-based inks
- Solvent-based inks
- UV-cured inks
Flexographic printing inks Market - Application Analysis
- Flexible packaging
- Corrugated containers
- Folding cartons
- Tags and labels
- Others (including metal cans, etc.)
- Others (including printing of newspapers, etc.)
Flexographic printing inks Market - Regional Analysis
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific (APAC)
- Latin America
- Rest of Latin America (LATAM)
- Middle East & Africa
- South Africa
Rest of Middle East & Africa (MEA)
Browse Other Related Market Research Reports:
- Global Printing Inks Market: http://www.transparencymarketresearch.com/printing-inks-market.html
- Gravure Printing Inks Market: http://www.transparencymarketresearch.com/gravure-printing-ink-market.html
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