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Flexographic Ink Market Size (2024 - 2029)

The flexographic ink market is anticipated to experience growth during the forecast period, driven by rising demand from the packaging industry and an increasing preference for UV-curable inks. However, the market's expansion is challenged by environmental restrictions on solvent-based inks and the adverse impacts of the COVID-19 pandemic. The Asia-Pacific region holds the largest market share and is projected to be the fastest-growing area, fueled by increased consumption in countries like China, India, and Japan.

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Market Size of Flexographic Ink Industry

Flexographic Ink Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 5.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Low

Major Players

Flexographic Ink Market Major Players

*Disclaimer: Major Players sorted in no particular order

Flexographic Ink Market Analysis

The market for flexographic ink is expected to register a CAGR of about 5 % globally during the forecast period. Increasing demand for UV-curable inks, along with the growing demand from the packaging industry, are driving the market growth. On the flip side, environmental restrictions for solvent-based inks and unfavorable conditions arising due to the COVID-19 outbreak are hindering the growth of the market.

  • The flexographic ink market is expected to grow during the forecast period, owing to the increasing demand from the packaging industry.
  • The Asia-Pacific region represents the largest market and is also expected to be the fastest-growing market over the forecast period, owing to the increasing consumption from countries, such as China, India, and Japan.

Flexographic Ink Industry Segmentation

The flexographic ink market report includes:

Type
Water-based
Solvent-based
UV Curable
Application
Packaging
Corrugated
Flexible
Others
Labels and Tags
Envelopes and Catalogs
Others
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Flexographic Ink Market Size Summary

The flexographic ink market is poised for significant growth, driven primarily by the increasing demand from the packaging industry. This growth is fueled by the rising popularity of UV-curable inks and the expanding packaging sector, which benefits from the low viscosity and ease of printing that flexographic inks offer. However, the market faces challenges due to environmental restrictions on solvent-based inks and the lingering impacts of the COVID-19 pandemic. Despite these hurdles, the development of polymer printing plates has enhanced the quality of flexographic printing, allowing it to compete with other printing techniques. This has led to its widespread use in food packaging, flexible films, and corrugated packaging, where it is valued for its vibrant colors and resistance to rub-off.

The Asia-Pacific region is expected to lead the flexographic ink market, with countries like China and India driving demand due to their burgeoning packaging industries. The rapid growth of e-commerce in these countries, particularly in China with companies like Alibaba, is further propelling the market. In India, the packaging industry is experiencing substantial growth, supported by favorable government policies and cost advantages. These factors, combined with government support, are contributing to the robust demand for flexographic inks in the region. The market remains partially fragmented, with key players such as DIC CORPORATION, INX International Ink Co., and Solar Inks Ltd holding a marginal share.

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Flexographic Ink Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Demand for UV-curable Inks

      2. 1.1.2 Growing Demand from the Packaging Industry

    2. 1.2 Restraints

      1. 1.2.1 Environmental Restrictions for Solvent-based Inks

      2. 1.2.2 Unfavorable Conditions Arising Due to COVID-19 Outbreak

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Water-based

      2. 2.1.2 Solvent-based

      3. 2.1.3 UV Curable

    2. 2.2 Application

      1. 2.2.1 Packaging

        1. 2.2.1.1 Corrugated

        2. 2.2.1.2 Flexible

        3. 2.2.1.3 Others

      2. 2.2.2 Labels and Tags

      3. 2.2.3 Envelopes and Catalogs

      4. 2.2.4 Others

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 Italy

        4. 2.3.3.4 France

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Rest of Middle-East and Africa

Flexographic Ink Market Size FAQs

The Flexographic Ink Market is projected to register a CAGR of 5% during the forecast period (2024-2029)

DIC CORPORATION, INX International Ink Co., Solar Inks Ltd, Antonine Printing Inks Ltd and Kao Chimigraf are the major companies operating in the Flexographic Ink Market.

Flexographic Ink Market Report Snapshots

Flexographic Ink Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)