Flexographic Printing Inks Market: Overview
Flexographic ink has volatile organic compounds (VOCs) and is thus primarily regulated by the FDA for labeling applications in the food & beverage and cosmetic industries. This may prove to be a hindrance to the market value of flexographic inks over the projected timeframe. However, the drug provides effective drying characteristics that provide better and faster printing speeds. It is also needed for high-speed printing processes because of its propensity to maintain a tight grip on the printing surface that will propel the scale of the industry in the near future. The market value of flexographic printing inks would be largely influenced by optimistic developments in the packaging industry.
Flexographic Printing Inks Market: Dynamics
Packaging is commonly used in cosmetics, food & drinks, pharmaceuticals and personal care goods. Mounting the commercialization of flexible packaging, owing to its broad use across various consumer products, would significantly improve the scale of flexographic inks over the expected timeframe. Flexographic printing Inks is a crucial marketing device that triggers the purchasing decision of the consumer. It improves the esthetic look, provides product distinction and also strengthens the brand identity of the company. Therefore, strong growth in these industries, especially due to increased consumer demand, would gradually increase the market size of flexographic printing inks.
Innovation in Flexographic Printing Inks to surge market growth of many industries
Fast growth of the flexible packaging industry due to the growing end-user industries such as food & beverage, pharmaceuticals and cosmetics would further raise the global market share of flexographic inks in the coming years. Flexible packaging manufacturers are developing automated and innovative printing techniques to increase their share of the market. For example, Skratch Lab has redesigned its entire product range with new digitally printed and highly functional packaging, providing more appealing shopping and user experience for fitness enthusiasts. Flexographic printing Inks demonstrates superior characteristics, including sealing, strength, aroma retention and moisture barrier. Flexographic printing Inks also plays an important role in the development of external aesthetics, product differentiation and the growth of global flexographic printing inks in forecasted period.
Water Based & Solvent based Flexographic Printing Inks to gain market traction for many industries
Water-based flexographic inks accounted for more than 45 per cent of the overall market share of flexographic printing inks. Water-based inks are commonly used in paper, newspaper and cardboard printing. Increased demand for non-VOC based inks is considered to be the key factor driving the size of the industry for the drug in the coming years. In addition, the market size of flexographic printing inks will be further increased by 2024 by supporting government requirements for low VOC product along with low cost and sufficient water availability (as a solvent).
Solvent-based flexographic printing ink industry is expected to increase market growth. As, These inks have high longevity and are compatible with a wide range of substrates. In addition, these inks have scratch resistance and superior printing rate properties. These value-added product characteristics make it suitable for packaging applications. However, the strict regulations of the FDA and EPA on VOC content and emissions can hinder the growth of the drug.
Alternate printing process to hamper market growth of Flexographic Printing Inks
The global flexographic printing inks are widely used in many of the industries. But the substitute printing process with various other printing inks have led hindrance in the market growth of flexographic printing inks. For example; As, Caffenol is a photographic substitute method by which phenols, sodium carbonate and optionally vitamin C are used in aqueous solutions as a film and photographic producer. Other basic (as opposed to acid) chemicals can be used in place of sodium carbonate; however, sodium carbonate is the most commonly used substrate due to its cost effectiveness hampering flexographic printing inks market growth. There are many formulations for caffenol, all based on preparations containing caffeic acid.
Another, typical printing process is Gum printing a multi-layer printing process, but it is possible to obtain satisfactory results from a single pass. Any color can be used for rubber printing, so that natural-color images can also be used in layers using this technique.
Flexographic Printing Inks Market: Segmentation
Globally, the Flexographic Printing Inks Market is segmented into resin type, technology type, and application.
By Resin Type, the global Flexographic Printing Inks Market has been segmented as follows: -
By Technology, the global Flexographic Printing Inks Market has been segmented as follows: -
By Application, the global Flexographic Printing Inks Market has been segmented as follows: -
- Flexible Packaging
- Rigid Packaging
- Corrugated Cardboards
- Folding Cartons
- Tags & Labels
- Paper Printing
Flexographic Printing Inks Market: Regional Outlook
Asia-Pacific Region is the rapidly growing flexographic ink market. The emergence of some rapid growing economies such as China, India, South Korea and increasing demand for convenient packaging solutions are some of the factors responsible for the growth of the flexographic ink market in the Asia-Pacific region. The substantial growing e-commerce sector in the area has also helped to broaden the versatile ink industry in Asia-Pacific. According to Internet retailers, e-commerce growth in Asia-Pacific is very much.
Flexographic Printing Inks Market: Key Players
- RUCO Druckfarben A.M. Ramp & Co GmbH
- TOYO Ink Group
- Zeller+Gmelin GmbH & Co. KG
- INX International Corporation
- T&K TOKA Co. Ltd
- Wikoff Color Corporation
- Sun Chemical Corporation
- Siegwerk Druckfarben AG & Co. KGaA
- ALTANA AG
- XSYS Print Solutions (Shanghai) Ltd
- Flint Group
- Zhongshan DIC Colour Co. Ltd.
- Tercel Ink Group
- Jiangmen Toyo Ink Co. Ltd.
- Taiyuan Coates Lorilleux Inks Chemical Ltd.
Covid-19 Impact on Flexographic Printing Inks Market
The concern against increasing impact of coronavirus across all the packaging industries is at peak measure. As, Hand sanitizers are very difficult to be found on the shelves of the retail shops are very difficult to purchase, practically impossible in many of the places. This has led many entrepreneurs including sugar manufacturers in India make their own hand sanitizers batches. Formulations are available online. However, these hand sanitizers are difficult to get as supplies are very limited. Isopropyl alcohol is important for hand sanitizers, and it is difficult to obtain. As an example, on some of Flexographic Printing Ink manufacturing equipment, Polymeric Group makes hand sanitizers and it also runs into challenges in obtaining the required ingredients
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