Flexographic Printing Inks Market Trends in Global Industry 2018-2026

Posted by anagha on May 14th, 2019

Flexographic printing process involves dyestuff as colorants for printing applications. Growing preferences among consumer for flexible & colorful packaging and technological advancements in printing techniques coupled with high quality printing inks with low VOC content is expected to boost growth of the flexographic printing inks market. Major players in the market focus on new product development and integrating new technologies in existing product portfolio to meet rising demand of its customer base. For instance, on May 01, 2017, Sun Chemical introduced new high performance UV Flexo Inks during Label Summit in Latin America 2017.

Flexographic printing inks are inks transferred by the process of flexography, which finds wide applications in various printing of packing materials such as corrugated cardboard, cardboard box, plastic & paper bags, newspapers, food packaging and catalogues. This ink finds popularity among consumers due to its cheap production cost and environment friendly nature. The flexographic printing inks market was dominated by the flexible packaging, followed by corrugated containers and newspaper printing application segments in 2016 and the trend is expected to continue during 2017-2025.

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This growth is mainly attributed due to its superior printing quality and high resistance to adverse climatic conditions. Also, it is largely preferred for packaging printing in cosmetics and personal care products, as it enhances the aesthetic appeal and attracts consumers. Various end use industry, such as food & beverages, cosmetics and pharmaceuticals industries use flexographic printing inks for packaging in order to promote their brand coupled with increasing aesthetic appearance of the product. Moreover, strong growth in these aforementioned industries, due to improved consumer spending will ultimately fuel the flexographic printing inks market growth in the following years.

Asia Pacific accounted for a higher share in the global flexographic printing inks market, in terms of revenue, followed by North America and Europe, due to increase in disposable income coupled with growing economy especially in China and India. Growing consumer preferences for low VOC inks in food packaging material, along with stringent regulations across the globe about VOC emissions influences manufacturer to focus on new product development and come out with low cost packaging printing inks. For instance, in October 4, 2017, Monarch Color Corporation---announced to launch new Evolution UV flexo inks for high speed, in-mold and shrink sleeve printing which is projected to reach a new level of performance with the latest technology breakthrough in UV cured flexographic ink systems. Also, on April 21, 2016, Siegwerk expanded its portfolio of low migration UV printing inks with the launch of its SICURA Nutriflex LEDTex ink series, to offer LED UV printing inks for food and pharmaceutical packaging. However, the flexographic printing inks market in developed nations is relatively mature, while the market in China and India is projected to grow at a significant rate during 2016-2025. Growing convenience packaging coupled with-retail sales especially in the food industry, in Asia Pacific is expected to be the key driver for flexographic printing inks market in the following years.

Market Dynamics

Water based flexographic printing inks segments dominated the market in 2016, and is projected to retain the trend in the following years. This finds wide application in newspaper printing, paper printing and cardboard printing. Non Volatile Organic Compound (VOC), based inks are gaining popularity among consumers due to favorable government regulation for low VOC in printing inks are expected to boost the growth of water based flexographic printing inks. For instance, in April 01, 2007 The Environmental Protection Department of Hong Kong, amended the VOC regulation to control the in-house air pollution and planned to reduce the amount of VOC in air up to 55% by 2010. UV cured flexographic printing inks is projected to be the fastest growing segments, according to the stats provided by Coherent Market Insights. This provides various traits such as color consistency, superior chemicals resistance, gloss and rub resistance.

For instance, on May 01, 2017, Sun Chemicals announced to introduce a new and innovative high performance UV flexo ink during the Label Summit held in Latin America. The increasing preference of packaging industry towards the use of UV cured flexographic printing inks due to the non VOC and solvent less. Moreover, consumers do not have to invest in solvent extraction and recycling equipment and other benefits offered by these products fuels growth of the flexographic printing inks market.

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Market Taxonomy

This report segments the global flexographic printing inks market on the basis of product type and application. On the basis of product types, the market is segmented as water based inks, solvent based inks, and UV cured inks. On the basis of application, the global Flexographic Printing Inks market is segmented into folding cartons, tags & labels, metal cans, flexible packaging, corrugated containers, newspaper printing and others

Major players in the global flexographic printing inks market include Flint Group, Siegwerk Druckfarben AG & Co., Huber Group, Sun Chemical Corporation, Wikoff Color Corporation, Zeller+Gmelin GmbH & Co. KG., INX International Ink Co, Toyo Ink SC Holdings Co, ALTANA AG and XSYS Print Solutions (Shanghai) Ltd. among others.

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