DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Flexographic Ink Market by Technology (Water, Solvent, and UV Based), Resin Type (Nitrocellulose, Polyamides, Polyurethane, Acrylic), Application (Corrugated Cardboards, Flexible Packaging, Tags & Labels, Folding Cartons) - Global Forecast to 2022" report to their offering.
The flexographic ink market is projected to reach USD 4.16 billion by 2022, at a CAGR of 4.89% between 2017 and 2022
The market growth in recent years can be attributed to the increased demand for flexographic ink in the Asia-Pacific region. The flexographic ink market is largely driven by the rising retail sales in the packaging industry. The increasing demand for printed products, such as labels, bags/cartons, direct mail, and catalogs, is expected to further fuel the overall demand of flexographic ink during the forecast period.
Manufacturers are engaged in business expansion to cater to the increased demand for flexographic ink. However, formulation and implementation of new regulations, such as REACH (Registration, Evaluation, Authorization and Restriction of Chemicals) and various other directives to control solvent emissions are affecting the growth of the flexographic ink market across the globe. The Euro Zone crisis of 2012 has also affected the growth of the flexographic ink market globally, as several companies reduced their production as part of their cost-cutting strategy to survive in the market.
By application, the tags & labels segment is projected to grow at highest CAGR during the forecast period. Demand for tags & labels is driven by beverages, clothing, and other consumer goods products. Several international brand owners are focusing on promoting their brands through improved label graphics as well as the manufacturing multi-versioned labels incorporating the local languages. Flexographic ink has gained popularity in this segment as it helps in differentiating products from others, presenting information to consumers, and enhancing product visibility.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Flexographic Ink Market, By Resin Type
8 Flexographic Ink Market, By Technology
9 Flexographic Ink Market, By Application
10 Flexographic Ink Market, By Region
11 Competitive Landscape
12 Company Profiles
- Alden & OTT Printing Inks Company
- Color Resolutions International
- DIC Corporation
- Flint Group
- Nazdar Company Inc.
- Sakata Inx Corporation
- Siegwerk Druckfarben AG & Co. KGaA
- T&K Toka Co. Ltd.
- The Braden Sutphin Ink Company
- Toyo Ink SC Holdings Co., Ltd.
For more information about this report visit http://www.researchandmarkets.com/research/sj632z/flexographic_ink