+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Flexographic Ink Market - Forecast (2022 - 2027)

  • PDF Icon


  • 144 Pages
  • February 2022
  • Region: Global
  • IndustryARC
  • ID: 5616325
The flexographic ink market size is forecast to reach around $5 billion by 2027 after growing at a CAGR of 5% during 2022-2027. Flexographic ink is used in the printing of coated & uncoated Paper materials and non-porous substrates such as metallized & paper foils and plastic films. Flexographic inks exhibit high adherence to the substrate surface and offer excellent printing quality, irrespective of the material of the substrate. The high demand of flexographic ink from the Packaging industry drive the market growth. In addition, the surging demand of UV curable ink also bolster the growth of the flexographic ink market. Besides, the growing demand for environment-friendly ink such as Water-Based Flexographic Ink further drive the growth of this market.

Report Coverage

The report: “Flexographic Ink Market-Forecast (2022-2027)” covers an in-depth analysis of the following segments of the Flexographic ink Industry.
  • By Ink Type: Volatile Inks and Energy Curable Inks
  • By Resin Type: Nitrocellulose, Polyamides, Polyurethane, Acrylic, Epoxy, and Others
  • By Technology: Water based, Solvent based, Ultraviolet (UV) and Electron Beam (EB) Based, and Others
  • By Application: Paper and Plastic Bags, Flexible Packaging, Newspapers, Catalogues, Corrugated Cardboards, Tags & Labels, Folding Cartons, and Others
  • By Geography: North America, South America, Europe, APAC, and RoW.

Key Takeaways

  • China has shown significant growth in the flexographic ink market owing to increasing demand from the food & beverages industry coupled with the growing population.
  • The cost-effectiveness and environment friendly product of water-based ink drive the growth of the flexographic inks market in the forecast period.
  • Stringent printing and packaging regulation and increasing digitization in the publishing industry hamper the growth of the flexographic inks market in the forecast period.

Flexographic Ink Market Segment Analysis - By Ink Type

Energy curable inks holds the largest share of more than 55% in the flexographic ink market in 2019. Energy curable inks dry through intermolecular bonding, which solidifies the ink on the substrate whereas volatile inks contain a liquid solvent like water or alcohol that evaporates and leaves the image on the substrate. Exceptional advantages of energy curable inks such as instant curing, low volatile organic compound (VOC) content, and other environmental benefits, have paved the way for increasing use of the technology, particularly in packaging.

Flexographic Ink Market Segment Analysis - By Resin Type

The acrylic segment held the largest share of more than 30% in the flexographic ink market in 2019. Acrylic formulations provide an ideal solution such as combined balanced performance, good weather resistance, and advantageous processing. Acrylic resin is tremendously versatile. They have low-cost and a broad performance range, from ultra-removable to ultra-high durability depending on the formulation. Due to these benefits of acrylic, the application of low temperature resins based on acrylics is increasing greatly in heavy-duty equipment’s. Whereas, the Epoxy segment is the second largest segment in the flexographic ink market. Epoxy resins are widely used due to their exceptional chemical resistance, low porosity, durability, and bond strength.

Flexographic Ink Market Segment Analysis - By Technology

Water based inks held the largest share of more than 35% in the flexographic ink market in 2019. These inks provide high durability and are compatible with a large variety of substrates. Water-based flexographic inks use water as a solvent and contains colorant, resins and binder, all dissolved in water. Their low level of volatile organic compound (VOC), makes them environmental friendly inks with minimal harmful effects on human health. Water based flexographic inks have the highest surface tension of all ink types. Additionally, these inks provide scratch resistance and superior printing rate properties. The pigment used in the water based ink has strong in alkali resistance and good dispensability in an aqueous system. Water based inks are non-flammable, with no special handling or storage requirements. Owing to these properties, water based flexographic inks are projected to grow during the forecast period.

Flexographic Ink Market Segment Analysis - By Application

Flexible Packaging held the largest share of more than 30% in the flexographic ink market in 2019. Robust flexible packaging industry growth on account of escalating end-use industries such as food & beverage, pharmaceutical, and cosmetics will subsequently boost the global flexographic inks market. Flexographic Inks are popular due to its color, flow behavior, good surface appearance, performance, and gloss. Flexographic inks enables printing on a wide variety of both porous and non-porous flexible packaging surfaces. Flexographic ink also offers a variety of ink types, many of which require little or no drying time. Surging demand for flexible packaging owing to its lightweight, cost-effectiveness & increased shelf life of the product fuels the growth of the global flexographic Ink market. According to the Flexible Packaging Association (FPA), flexible Packaging is the second largest packaging segment in the U.S., garnering about 19 percent of the $170 billion U.S. packaging market. Thus, soaring demand for unique packaging inks and rapid growth in flexible packaging are the major factors contributing demand in the flexographic inks market.

Flexographic Ink Market Segment Analysis - By Geography

APAC dominates the flexographic ink market with a share of more than 45% followed by North America and Europe in 2019. This growth is attributed to the growing demand for flexographic ink from emerging economies like India and China. Whereas, the growing foreign direct investment for the economic development of South East Asia, high growth in the food and beverage sector, rising personal disposable income, and the rising penetration of internet and e-commerce in the region drive the market growth. Besides, increasing demand for biodegradable & renewable flexographic ink is also contributing to the market growth of flexographic ink in the APAC region.

Flexographic Ink Market Drivers

Growing demand for flexographic ink from the packaging industry drive the market growth

Flexographic technology is capable of printing continuous patterns. In addition to a wide range of colors, flexographic inks are widely used as a quick and economic way of applying simple designs to a various packaging materials. The surging trend and development of attractive packaging drive the demand for flexographic ink from the packaging industry. Moreover, the strong growth of the packaging industry is due to high demand from the end-user industry also contribute to the market growth. According to the World Packaging Organization, the annual turnover of the packaging industry is estimated to be at around USD 500 billion in 2016. Whereas, the rising demand for flexographic inks in packaging application products, such as tags and labels, flexible packaging, and folding cartons also drive the growth of the market in the forecast period.

Growing e-commerce sector

Flexographic Ink is used in the packaging substrate of e-commerce products and a growth in the e-commerce industry will subsequently lead to a growth of the flexographic Inks market. In the global scenario, e-commerce is the largely preferred retail format especially among the young shoppers who are inclined towards online shopping through their smartphones. E-commerce and m-commerce have witnessed a rapid proliferation across the globe and this has augmented the need for e-commerce packaging. Vendors operating in the regional market are aligning their businesses with the current market expectations and are bringing in greater innovation and enhanced quality in the packaging of their products to meet customer expectations. A growth in the e-commerce industry, is expected to significantly drive the market in the forecast period.

Flexographic Ink Market Challenges

The emergence of COVID-19 and the High cost of flexographic ink hinder the market growth

The outbreak of COVID-19 has slowed the growth of the flexographic ink market. Lack of manpower has led many manufacturing companies to stop their production, which further hampered the growth of this market. In addition, World Trade Organization forecasted that the global trade will fall by between 13% and 32% in 2020 as the COVID 19 pandemic disrupts normal economic activity and life around the world, this may slightly affects the growth of the flexographic ink market. However, rising health concerns among the people and the spread of the virus have accelerated the use of packaged items, which may augments the growth of the flexographic ink market in the forecast period. Whereas, the fluctuation in raw material prices of crude oil, resins, and ingredients also hamper the market growth.

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the flexographic Inks market report. In 2019, the market of flexographic Inks has been consolidated by the top 10 companies accounting for XX% of the share. Major players in the flexographic Inks market are PPG Industries, Inc., AkzoNobel NV, Flint Group, Valspar Corporation, Sun Chemical Corporation, Siegwerk Druckfarben AG & Co. KGaA, DIC CORPORATION, TOYO INK SC HOLDINGS CO., LTD, Alden & Ott Printing Inks Company, and Nazdar Company, among others.

Acquisitions/Technology Launches/Product Launches

In April 2016, Siegwerk Druckfarben AG & Co. KGaA launched its first LED UV flexographic inks, SICURA Nutriflex LEDTec ink series. SICURA Nutriflex LEDTec ink range is based on the successful SICURA Nutriflex 10 series and find applications in food and pharmaceutical packaging.

This product will be delivered within 2 business days.

Table of Contents

1. Flexographic Ink Market - Market Overview
1.1 Definitions and Scope
2. Flexographic Ink Market - Executive Summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key Trends by Ink Type
2.3 Key Trends by Resin Type
2.4 Key Trends by Technology
2.5 Key Trends by Application
2.6 Key Trends by Geography
3. Flexographic Ink Market - Landscape
3.1 Comparative analysis
3.1.1 Market Share Analysis- Top Companies
3.1.2 Product Benchmarking- Top Companies
3.1.3 Top 5 Financials Analysis
3.1.4 Patent Analysis- Top Companies
3.1.5 Pricing Analysis
4. Flexographic Ink Market - Market Forces
4.1 Market Drivers
4.2 Market Constraints
4.3 Market Opportunities
4.4 Porters five force model
4.4.1 Steel Bargaining power of suppliers
4.4.2 Steel Bargaining powers of customers
4.4.3 Threat of new entrants
4.4.4 Rivalry among existing players
4.4.5 Threat of substitutes
5. Flexographic Ink Market -Strategic analysis
5.1 Value chain analysis
5.2 Opportunities analysis
5.3 Market life cycle
5.4 Suppliers and distributors Analysis
6. Flexographic Ink Market - By Ink Type (Market Size - $Million)
6.1 Volatile Inks
6.2 Energy Curable Inks
7. Flexographic Ink Market - By Resin Type (Market Size - $Million)
7.1 Nitrocellulose
7.2 Polyamides
7.3 Polyurethane
7.4 Acrylic
7.5 Epoxy
7.6 Others
8. Flexographic Ink Market - By Technology (Market Size - $Million)
8.1 Water based
8.2 Solvent based
8.3 Ultraviolet (UV) and Electron beam (EB) based
8.4 Others
9. Flexographic Ink Market - By Application (Market Size - $Million)
9.1 Paper and Plastic Bags
9.2 Flexible Packaging
9.3 Newspapers
9.4 Catalogues
9.5 Corrugated Cardboards
9.6 Tags & Labels
9.7 Folding Cartons
9.8 Others
10. Flexographic Ink Market - By Geography (Market Size - $Million)
10.1 North America
10.1.1 U.S.
10.1.2 Canada
10.1.3 Mexico
10.2 South America
10.2.1 Brazil
10.2.2 Argentina
10.2.3 Colombia
10.2.4 Chile
10.2.5 Rest of South America
10.3 Europe
10.3.1 U.K
10.3.2 Germany
10.3.3 Italy
10.3.4 France
10.3.5 Russia
10.3.6 Spain
10.3.7 Netherland
10.3.8 Belgium
10.3.9 Rest of Europe
10.4 Asia Pacific
10.4.1 China
10.4.2 India
10.4.3 Japan
10.4.4 South Korea
10.4.5 Australia & New Zealand
10.4.6 Rest of Asia Pacific
10.5 RoW
10.5.1 Middle East Saudi Arabia UAE Israel Rest of Middle East
10.5.2 Africa South Africa Nigeria Rest of Africa
11. Flexographic Ink Market - Entropy
11.1 New Product Launches
11.2 M&A’s, Collaborations, JVs and Partnerships
12. Flexographic Ink Market Company Analysis
12.1 Market Share, Company Revenue, Products, M&A, Developments
12.2 Company 1
12.3 Company 2
12.4 Company 3
12.5 Company 4
12.6 Company 5
12.7 Company 6
12.8 Company 7
12.9 Company 8
12.10 Company 9
12.11 Company 10 and more