Description:-
Flexographic printing ink are the specialty inks that provide excellent printing quality and provide ability to finishes product at one pass through the press. Flexo-inks consists of resins, additives, pigments, surfactants, adhesion promoters and micro amounts of deformers and silicones. Some of the prominent factors driving global flexo-ink market include, new technologies and evolution of innovative colors in packaging segment, growing demand of solvent based compared to water based inks, favoring government regulations and improved performance among different factors. Among these factors, new technologies and evolution of new colors in packaging sector is the most influencing factor. Growth of packaging sector in developed markets such as North America and Europe has significant positive impact on the global flexo-ink market. In addition to exponentially growing packaging market, growing use of biodegradable and recyclable materials is fueling its demand in the packaging application. Moreover, flexible packaging market is witnessing relatively high growth owing to the growing key end use industries. With the development of solvent based ink technology, flexible packaging market will drive the flexo-ink demand in near future.
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However, stern regulations of authorities such as FDA and EPA towards high emissions of volatile organic compound (VOCs) can hamper the market growth. Prominent markets such as U.S. and Europe have strict regulatory framework for volatile organic compound emission. Developing markets are following the similar trends towards sustainable development. Such regulations are anticipated to hamper global flexo-ink market growth. Owing to such factors, the global flexo-ink Market is expected to witness a significant growth by 2023 with CAGR of 5.72%.
Currently, manufacturers are facing pricing challenges due to fluctuation raw materials prices. Resins and pigments are the most important raw materials for the market. As the most of the resins & pigments are petroleum based products, manufacturers are facing the challenge from fluctuating such raw material prices and seeking for alternative cost effective bio based products.
Regional Analysis
Geographically, global flexo-ink market is segmented as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. Among these, Asia Pacific region is the largest market of flexo-ink due to higher consumption in China and India. Country wise, China is the largest producer and consumer of in the global market. Asia Pacific accounts for 40% of market share in which China is dominating segment with more than 50% of market share. With increasing investments in expansion and product development by major players in market especially in packaging industry are also projected to boost the market for flexographic ink market. Followed by Asia-Pacific, Europe is second largest market share holder. This is attributed to presence of packaged food industries leading to increasing labelling and attractive packaging. Furthermore, with rising demand of personal care and food & beverages products is anticipated to drive the North America and Europe Market.
Segmentation
The global Flexo-ink market is majorly segmented on the basis of Type, Resin Type, End Use and Region. On Basis of Type, global Flexo-ink market is segmented into Water Based Flexo, Solvent Based Flexo, and UV Based Flexo. Based on Resin Type, Flexo-ink market is segmented into Acrylic Resin, Polyurethane Resins, Polyamide Resins, Cellulosic Resins, Vinyl Resins, Others. Based on end use, Flexo-ink is segmented into Packaging Industry, Label Industry, and Paper Industry. Based on region market is divided into North America, Europe, APAC and Rest of the World.
Key Players
Key players of the global Flexo-ink market are Sun Chemical Group, Flint Group, TOYO INK SC HOLDINGS CO., LTD., HuberGroup Deutschland GmbH, T & K TOKA CO., LTD., SAKATA INX CORPORATION and Siegwerk Druckfarben AG & Co. KGaA among others.
Geographic Analysis
The report covers brief analysis of geographical region such as:
• North America
o US
o Canada
• Europe
o Germany
o France
o Italy
o Spain
o U.K.
o Rest of Europe
• APAC
o China
o India
o Japan
o Australia
o New Zealand
o Rest of Asia-Pacific
• ROW ( Rest Of World)
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Table Of Contents – Major Key Points
1 Executive Summary 13
2 Scope of The Report 14
2.1 Market Definition 14
2.2 Scope of The Study 14
2.2.1 Research Objectives 14
2.2.2 Assumptions 15
2.2.3 Limitations 15
2.3 Market Structure 15
3 Research Methodology 17
3.1 Research Process 17
3.2 Primary Research 18
3.3 Secondary Research 18
3.4 Market Size Estimation 18
4 Market Dynamics 21
4.1 Introduction 21
4.2 Drivers 22
4.2.1 New technologies and evolution of innovative colors in packaging segment are driving the flexo-ink market. 22
4.2.2 Growing demand of solvent based compared to water based inks are driving strong results in flexible packaging segment. 23
4.2.3 Favouring government regulations and improved performance are key to future gains in the water based ink market. 23
4.3 Restraints 24
4.3.1 Stern regulations of authorities such as FDA and EPA towards high emissions of volatile organic compound (VOCs) can hamper the market growth. 24
4.3.2 Growing E-Books and digital media are affecting the water based flexographic ink market. 25
4.4 Trends & Opportunities. 26
4.4.1 Major players in flexo-ink market are more into expansion and launching of cost efficient products indicating growth in key markets segments. 26
4.4.2 With increasing environmental concerns the affinity towards low VOC UV flexo inks are gaining tractions. 27
5 Market Factor Analysis 28
5.1 Supply Chain Analysis 28
5.1.1 Raw Material Suppliers 28
5.1.2 Flexo-Ink manufacturers 29
5.1.3 Flexo- Ink Distributors 29
5.1.4 End User 29
5.2 Porter’s 5 Forces Analysis 30
5.2.1 Threat of New Entrants 30
5.2.2 Threat of Rivalry 31
5.2.3 Threat of substitute 31
5.2.4 Bargaining Power of Supplier 31
5.2.5 Bargaining Power of Buyers 31
6 Global Flexo-Ink Market, By Type 32
6.1 Introduction 32
6.2 Water Based Flexo 34
6.3 Solvent Based Flexo 36
6.4 UV Based Flexo 37
7 Global Flexo-Ink Market, By Resin Type 39
7.1 Introduction 39
7.2 Acrylic Resin 41
7.3 Polyurethane Resins 42
7.4 Polyamide Resins 44
7.5 Cellulosic Resins 45
7.6 Vinyl Resins 47
7.7 Others 48
Continued……
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