According to Acumen Research and Consulting, research study by Kevin, MBA in chemical engineering, the global flexographic printing inks market size to reach the market value around USD 6.5 billion by 2026 and estimated to grow at CAGR above 3.7 % over the forecast time frame.
Packaging is seen as a very important marketing aspect that affects the buying decision of the consumer. The packaging sector is a major printing ink consumer. In the coming years, demand for flexographic printing ink is expected to rise in the food and beverage sectors, and demand is increased for flexible packaging from the healthcare sector.
There is a significant increase in the trend in e-commerce worldwide. The publication and business printing industry is being hindered. Thus, the global flexographic printing ink market is estimated to decrease substantially over the forecast period in paper-based communication. E-books, event tickets, sporting products, toys, hotel and airline reservations are part of the trend for e-commerce. In particular, increasing e-books are expected to hamper the global market for flexographic printing ink during the forecast period.
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- The flexographic printing ink market has been divided into solvent-based inks, water-based inks and UV-curved inks. The water-based ink sector was the world's largest market share in 2017.
- The demand for flexographic printing ink based on water is growing globally due to rigorous environmental regulations.
- UV-treated inks contain no volatile compounds, however, and are therefore used for several printing applications such as printing, inkjet printing, and flexographic printing.
- Moreover, the demand for UV-treated flexographic printing ink in the next few years are projected to be boosted by strict monitoring of uses for toxic chemicals with high vampir pressure at room temperature and government investments in the renewable energy sector.
The market for flexographic printing ink was classified as packaging and others in terms of application. The remaining segment includes journals, magazines and reviews. The segment of packaging was divided into flexible packaging, onions, folding boards, tags and labels, and others. The packaging sector held the world market leader in 2017. A leading consumer of ink printing is the packaging industry. The rise in demand for food & beverage flexible packaging is predicted to fuel the packaging segment of the global flexographic printing ink market during the forecast period due to lower weight and better aesthetics.
In 2018, the packaging sector of the global flexographic printing ink segment dominated the flexible packaging sub-segment and followed by the corrugated container sub-segment. In applications such as flexible packaging and corrugated containers, flexographic printing ink are commonly used with the latter being used primarily within the food and beverage sector. In boxes, folders, labeling and newspapers, flexographic inks are also used.
Zeller+Gmelin GmbH & Co., Altana AG, are the leading manufacturers of flexographic inks. Toyo Ink SC Holdings Co., Sun Chemical Corporation. Ltd., KG, Flint Group, These multinationals have been pursuing a key strategy of inorganic growth for the past years.
Author – Kelvin Larson
Kelvin Larson with over 10 years of international experience in the publishing field, I have developed the skills to manage and lead a forward-thinking and innovative editorial team.