Flexographic Printing Inks Market Analysis Detailed Profiles of Top Industry Players and Their Segments Till 2020

Flexographic printing inks are used in several printing application products such as corrugated containers, flexible packaging, tags and labels, folding cartons, metal cans and others (including newspapers and magazines). The flexographic printing inks market has been segmented into water-based, solvent-based and UV-cured inks. Packaging was the key application segment of the global flexographic printing inks market at the end of 2013. Flexographic printing inks are employed in packaging application products across various end-user industries such as food and beverages, personal care, household care and pharmaceuticals. In terms of revenue, the global flexographic printing inks market was valued at USD 6.41 billion in 2013 and is anticipated to reach USD 9.32 billion by 2020, expanding at a CAGR of 5.5% between 2014 and 2020.

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The water-based flexographic printing inks segment accounted for over 40% of the global flexographic printing inks market share in 2013. The UV-cured flexographic printing inks segment is projected to be the fastest growing segment of the global flexographic printing inks market in the next few years. Water-based flexographic printing inks contain lower amount of VOC. Therefore, the demand for water-based flexographic printing inks is expected to increase during the forecast period. Rising demand for different types of flexographic printing inks in packaging application products is expected to create a positive outlook for the global flexographic printing inks market in the near future.

Packaging was the largest segment of the global flexographic printing inks market, accounting for more than 80% share in 2013. It is projected to be the fastest growing application segment of the global flexographic printing inks market in the next six years. Rising demand for flexographic printing inks in packaging application products such as corrugated containers, flexible packaging, tags and labels, folding cartons and metal cans is anticipated to drive the global flexographic printing inks market in the next few years.

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The global flexographic printing inks market has been segmented based on regions such as North America, Europe, Asia Pacific and RoW. Asia Pacific was the largest regional market for flexographic printing inks, accounting for a share of over 35% in 2013. Rising demand for packaging application products in end-user industries such as food and beverages, personal care, household care and pharmaceutical is expected to drive the flexographic printing inks market in Asia Pacific in the next few years. Moreover, Asia Pacific is anticipated to be the fastest growing region in the global flexographic printing inks market during the forecast period. Increasing demand for flexographic printing inks in emerging nations in Asia such as China and India is likely to drive the flexographic printing inks market in Asia Pacific in the next few years. The flexographic printing inks market in North America and Europe is expected to witness significant growth in the next six years due to the economic recovery in the U.S. and Europe. Furthermore, the flexographic printing inks market in RoW is projected to record significant growth in the next few years due to increasing demand for flexographic printing inks in Latin America and the Middle East.

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Rising demand for flexographic printing inks in rapidly growing demand for packaging products such as corrugated containers and flexible packaging is projected to drive the global flexographic printing inks market in the next few years. Moreover, increasing demand for UV-cured inks is likely to offer large opportunities in the flexographic printing inks market in the next six years. However, stringent environmental regulations on VOCs could hamper market growth during the forecast period. Major manufacturers of flexographic printing inks include Flint Group, Sun Chemical Corporation, ALTANA AG, Siegwerk Druckfarben AG & Co. KGaA and INX International Corporation.

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