Flexographic Printing Inks Market Trends, Growth Forecast 2019 – 2024

According to a new research report by Global Market Insights, Inc. Flexographic Printing Inks Market is poised to surpass USD 14 billion by 2024. Extensive usage in pharmaceuticals, cosmetics, and food & beverage sectors will propel flexographic printing inks market size by 2024. Intensifying competition has led manufacturers to use attractive and advanced packaging to gain attention of consumers which in turn will augment flexographic printing inks industry size. Also, escalating usage of glass printing for luxury packaging purposes are expected to propel flexographic printing inks market outlook.

Flexographic printing inks industry forecast report has projected that water-based inks segment is likely to grow at more than 4.5% CAGR by 2024. These inks have found wide application in cardboard, newspaper, and paper printing. Fostering government initiatives coupled with growing consumer awareness about use of low VOC inks in cosmetic and food packaging applications will substantially boost flexographic printing inks market trends in the coming future.

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Development of UV cured flexographic printing inks has revolutionized flexographic printing inks industry trends owing to its quick drying property without any fatality to environment or health. UV cured inks are predicted to record more than 14% share of entire flexographic printing inks market size by 2024. The drying process of UV cured inks requires high intensity UV radiation. This ink effectively provides quick drying and therefore enhances printing rate which in turn will fuel flexographic printing inks industry outlook in the ensuing years.

Flexographic printing inks have found lucrative application in folding cartons and an application segment that is anticipated to hold more than 15% revenue share of flexographic printing inks by 2024. Increasing number of e-commerce websites have been supporting the growth in demand of folding cartons for packing and for easy transportation. A number of instances of product return have been experienced in e-commerce due to lack of appropriate packaging. Advanced packaging methods have been developed to accelerate businesses consequently boosting flexographic printing inks industry share.

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Flexographic printing inks market forecast report has anticipated that packaging applications will register more than 28% share of the global flexographic printing inks industry size through 2024. Lucrative growth in food & beverage, pharmaceutical, and cosmetic sector and escalating packaging demand in these sectors will boost flexographic printing inks market trends. Furthermore, additional features such as sealing, aroma preservation, appealing aesthetics, and moisture resistance will influence flexographic printing inks market outlook by 2024.

In 2017, North America flexographic printing inks industry share accounted for more than $3 billion and is anticipated to show similar growth trends in the coming years. North America houses several major market players which have developed various technically advanced printing products. These innovative products create safe and innovative printing inks which have better printing rate and cause no harm to the environment or health at minimum prices. Furthermore, expanding pharmaceuticals sector in the region will produce huge demand for packaging products. The growth can be attributed to accommodating government standards and high medicine demand in the region. Such favorable business landscape is likely to augment flexographic printing inks market size in forthcoming years.

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Several key flexographic printing inks market players have been striving to capture a greater industry share. Some of them include TOYO Ink, Zeller+Gmelin, Jiangmen Toyo, XSYS Print Solutions, Zhongshan DIC Colour, RUCO, INX International, ALTANA AG, Sun Chemical, Flint Group, TOKA, Wikoff Color, Tercel Ink, and Taiyuan Coates. Reports have predicted that flexographic printing inks industry is foreseen to hit the revenue of over $14 billion by 2024.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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