Global Flexo-Ink Market to Post 5.72% CAGR to 2023, States MRFR in Its In-Demand Report Published at MarketPublishers.com12 Jul 2017 • by Natalie Aster
LONDON – The world flexo-ink market is expected to register a 5.72% CAGR, to reach USD 10,030.3 million by 2023. The market growth is being driven by new technologies and rising demand of solvent-based inks in flexible packaging. Furthermore, surging demand for packaged food and drinks has resulted in the rise of the labelling industry which eventually upsurges the flexographic printing ink in quality goods and services. Also, favouring governmental regulations and enhanced performance are essential for prospective gains in the market for water-based flexo-inks.
Geography-wise, APAC captures 40% of the flexo-ink market, with China taking the lead with over 50% of the market share. The regional market growth is due to minimal legislations by environmental regulatory authorities, easy raw material availability, and lower labour costs. With an increase in investments in expansion and NPD by leading market players, specifically in the packaging industry are also anticipated to give a boost to the flexographic ink market.
Europe is the 2nd largest market share holder due to the presence of packaged food industries resulting in attractive packaging and expanding labelling.
Flint Group, Sun Chemical Group, Toyo Ink SC Holdings Co., T&K Toka Co., HuberGroup Deutschland GmbH, Siegwerk Druckfarben AG & Co. KGaA, and Sakata Inx Corporation, amongst others, are the leading market players.
In-demand research report “Global Flexo-Ink Market – Trends & Forecast, 2015-2023” elaborated by MRFR offers an all-round, granular analysis of the performance of the market worldwide focusing on the key geographical markets.
The study provides detailed market segmentation based on type, resin type, end user and by region. It sheds light on the market growth drivers and restraints, trends and opportunities. The study provides a detailed supply chain analysis and also includes Porter’s 5 forces analysis. It canvasses the competitive scenario in the flexo-ink market and discusses the 7 prominent market players in the market. Moreover, the report provides detailed forecasts of the market development through to 2023.
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