Flexographic Printing Inks Market 4.5% CAGR to exceed $14bn by 2024
Jul 17, 2019
Global Market Insights, Inc. added Flexographic Printing Inks Market Report provides an analytical assessment of the prime challenges faced by this Market currently and in the coming years.
Selbyville, United States - July 17, 2019 /MarketersMedia/ —
Flexographic Printing Inks Market graph is expected to display an upward trend, subject to extensive product usage across the food & beverage, pharmaceuticals, and cosmetics sectors. These products are extensively used in the packaging sector pertaining to their favorable properties.
The thriving Flexible Packaging Industry, which is anticipated to accrue a massive revenue of more than USD 250 billion by 2024, will thus, favorably influence the business trends. According to Global Market Insights, Inc., “Flexographic Printing Inks Industry is forecast to hit the targeted revenue of more than USD 11 billion by 2024, registering a CAGR of over 5% during the period from 2016 to 2024.”
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Taking into consideration the geographical landscape, Europe flexographic printing inks market is forecast to record notable gains of over 4.5% over the coming seven years. The huge presence of cosmetic manufacturing firms in the region is expected to drive the market. Germany and France are likely to be the major revenue contributors.
The North America industry is expected to make major revenue contributions toward flexographic printing inks industry, driven by escalated product demand across the food packaging sector. The U.S. is projected to contribute a large chunk towards the regional share.
Flexographic Printing Inks Market Size By Product (Water-based, Solvent-based, UV-cured), By Application (Flexible Packaging, Corrugated Containers, Folding Cartons, Tags & Labels), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/flexographic-printing-inks-market
Global drivers are
1. Increasing package food demand in Asia Pacific
2. Substantial personal care industry in North America & Europe
3. Strong flexible packaging demand from pharmaceutical industry
UV-cured flexographic printing inks market size is expected to grow at a CAGR of over 6% during the period from 2016 to 2024, driven by the product’s ability to provide color consistency, chemical resistance, gloss, and rub resistance.
Flexographic printing inks find extensive applications in corrugated containers, tags & labels, flexible packaging, metal cans, and folding cartons. Flexographic printing inks industry size in the flexible packaging sector is forecast to grow considerably over the years to come, driven by the product’s favorable features such as moisture retention, aroma preservation, sealing, and improvement of aesthetic appearance.
Partial Chapter of the Table of Content:
Chapter 3. Flexographic Printing Inks Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2014 - 2024
3.3. Industry ecosystem analysis
3.3.1. Raw material analysis
3.3.2. Manufacturing trends
3.3.3. Profit margin
3.3.4. Value addition
3.3.5. Distribution channel analysis
3.3.6. Vendor matrix
3.3.6.1. List of key raw material suppliers
3.3.6.2. List of key manufacturers/distributors
3.3.6.3. List of key/potential customers
3.4. Innovation & sustainability
3.4.1. Patent analysis
3.4.2. Technology landscape
3.4.3. Future trends
3.5. Industry impact forces
3.5.1. Growth drivers
3.5.1.1. Global drivers
3.5.1.1.1. Increasing package food demand in Asia Pacific
3.5.1.1.2. Substantial personal care industry in North America & Europe
3.5.1.1.3. Strong flexible packaging demand from pharmaceutical industry
3.5.2. Industry pitfalls & challenges
3.5.2.1. Prevalence of alternate printing techniques
3.5.2.2. Strict government regulations against VOC emissions
3.6. Regulatory landscape
3.6.1. U.S.
3.6.2. Europe
3.6.3. China
3.7. Growth potential analysis
3.8. Regional price trends
3.8.1. Cost structure analysis
3.8.1.1. R&D cost
3.8.1.2. Manufacturing & equipment cost
3.8.1.3. Raw material cost
3.8.1.4. Distribution cost
3.8.1.5. Operating cost
3.8.1.6. Miscellaneous cost
3.8.2. Price by metal
3.8.3. Price by end-user
3.9. Competitive landscape, 2017
3.9.1. Company market share analysis, 2017
3.9.2. Strategic dashboard
3.10. Porter’s analysis
3.10.1. Supplier power
3.10.2. Buyer power
3.10.3. Threat of new entrants
3.10.4. Threat of substitutes
3.10.5. Industry rivalry
3.11. PESTEL analysis
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Flexographic printing inks industry is highly fragmented with top six industry players contributing less than 20% of the global market share in 2015. TOYO Ink Group, Flint Group, ALTANA AG, INX International, Wikoff Color Corporation, Sun Chemical, Zeller+Gmelin GmbH & Co. KG, A.M. Ramp u. Co. GmbH, T&K TOKA Company Limited, Siegwerk Druckfarben AG & Co. KGaA, Sun Chemical, Zhongshan DIC Colour Company Limited, XSYS Print Solutions Limited, and Shanxi Tercel Ink Group are the major participants of flexographic printing inks market.
Contact Info:
Name: Arun Hedge
Email: Send Email
Organization: Global Market Insights, Inc.
Website: https://www.gminsights.com/industry-analysis/flexographic-printing-inks-market
Source URL: https://marketersmedia.com/flexographic-printing-inks-market-45-cagr-to-exceed-14bn-by-2024/88897588
Source: MarketersMedia
Release ID: 88897588
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