The global flexographic printing inks market to grow at a CAGR of 4.71% during the period 2017-2021.
The report covers the present scenario and the growth prospects of the global flexographic printing inks market for 2017-2021. To calculate the market size, the report considers the calculation of revenues generated by various application such as corrugated cardboard, flexible packaging, folding cartons, tags and labels and others. The report also includes a discussion of the key vendors operating in this market.
According to the report, one driver in the market is high demand from the packaging industry. The growth of the packaging industry contributes to the increased demand for flexible packaging. Due to the thriving consumer goods industry and technological advances in the packaging industry, the global packaging market is expected to reach $1.12 trillion by 2021 from $897 billion in 2016, growing at a CAGR of 4.56%. The growth of the global packaging industry had a significant impact on the development and expansion of the global packaging inks market; especially, the waterborne flexographic printing inks.
One trend in the market is growing adoption of EB curing technology. The electron beam (EB) technology is a further advancement of UV curing technology. In the EB curing process, a beam of high-energy electrons is used to cure flexographic printing inks. The EB curable ink system offers good print quality, product resistance, and high gloss, besides eliminating the need for interstation curing. EB curable ink offer reduced ink consumption during the printing process.