Albany, NY -- (SBWIRE) -- 05/19/2017 -- The market for flexographic printing inks has gained significant momentum in the last couple of years. The market owes its extensive growth to the outstanding progress of the packaging industry in the global level. With the growing demand for packed and convenient food and beverages, the demand for attractive packaging has increased exponentially, thus benefitting the market for flexographic printing inks in return. Other than this, the demand for sustainable and flexible packaging from the healthcare sector is expected to add to the growth of the global flexographic printing inks market.
The global market for flexographic ink was valued at US$6.56 bn in 2016 and is likely to touch US$10.91 bn by 2025. The market is anticipated to rise at a 5.8% CAGR from 2017 to 2025.
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How is the packaging industry likely to act as a boon for the global flexographic printing inks market?
Generally, flexographic inks are employed publication and packaging. Amongst these two, the packaging segments has been incessantly supporting the growth of the market with high demand for flexographic printing inks. The outstanding growth of the packaging industry is expected to further help the market to expand across several regions with untapped opportunities. With consumers shifting their focus towards duly labelled and packaged food and beverages products, the demand for flexographic printing inks from the packaging industry is expected to further rise.
Other applications, comprising publication, are expected to witness a slack growth in the years ahead owing to the considerable evolution in digitalization and extraordinary level of propagation of e-commerce and e-books trade. Crenelated containers, flexible packaging, tags and labels, metal cans, and folding cartons are the vital packaging materials, which need flexible printing inks.
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How is environmental regulations both an opportunity and barrier for the market's growth?
Regulations governing the level of emissions from printing inks are causing players to look for alternative options in order to sustain in the market. Normal flexographic printing inks are coming under federal control. Thus, water based and UV-cured inks are gaining prominence across several industries in several regions. For instance, Sun Chemicals announced the introduction of a new and innovative high performance UV flexo ink during the Label Summit held in Latin America recently.
Which region is likely to be the main focus of the players in the market?
The global flexographic printing inks market has been categorized into Europe, Latin America, North America, the Middle East and Africa, and Asia Pacific. Asia Pacific led the global market for flexographic printing inks in 2016 with an overall share of 37%. The rising investments from India, China, and the ASEAN countries in the packaging industry is likely to directly and positively impact the market for flexographic printing inks in the coming years.
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