Flexographic Ink Market Size & Growth Analysis to 2030

The global flexographic ink market size is anticipated to register a significant CAGR of over 4.5% during the forecast period 2021 to 2027. The increasing demand for the product from the packaging industry around the world is a major factor to drive the market growth. Furthermore, the increasing demand for flexible packaging from various end-use industries such as pharmaceuticals, cosmetics, and food & beverage is further anticipated to boost the market growth. Moreover, the continuous innovation in flexographic printing ink is expected to fuel the market growth over the forecast period. However, the rising environmental concern is a major factor to restrain the market growth.

Market Drivers:

Growth in the packaging industry: Flexographic inks are widely used in the packaging industry for printing on various substrates, including paper, cardboard, plastics, and flexible films. The growth of the packaging industry, driven by factors such as population growth, urbanization, e-commerce, and increasing consumer demand for packaged goods, fuels the demand for flexographic inks.

Technological advancements in flexographic printing: Ongoing advancements in flexographic printing technology have improved print quality, efficiency, and productivity. Advancements such as higher-resolution printing plates, improved ink transfer systems, and advanced color management techniques have contributed to the adoption of flexographic printing in various applications. These technological advancements create opportunities for the flexographic ink market.

Increasing demand for eco-friendly inks: Flexographic inks have witnessed a shift towards more eco-friendly formulations in response to environmental concerns and regulatory requirements. Water-based and UV-curable flexographic inks are gaining popularity due to their lower levels of volatile organic compounds (VOCs) and reduced environmental impact compared to solvent-based inks. The increasing demand for eco-friendly inks drives the growth of the flexographic ink market.

Growing demand for flexible packaging: Flexible packaging is experiencing significant growth, driven by its advantages such as convenience, lightweight, extended shelf life, and sustainability. Flexographic inks are widely used for printing on flexible packaging materials like films and pouches. The increasing demand for flexible packaging, particularly in industries such as food and beverage, pharmaceuticals, and personal care, contributes to the growth of the flexographic ink market.

Expansion of the label and tag industry: The label and tag industry is a significant consumer of flexographic inks. Flexographic printing is commonly used for the production of labels and tags due to its ability to print on various substrates and deliver high-quality results. The growth of the label and tag industry, driven by factors such as branding, product identification, and regulatory compliance, supports the demand for flexographic inks.

Rapidly evolving digital printing technologies: Digital printing technologies, such as inkjet and electrophotography, have gained traction in recent years. While digital printing competes with flexographic printing in some applications, there are also synergies between the two technologies. Hybrid solutions combining flexographic printing for high-volume runs and digital printing for customization and short runs are becoming more prevalent. The integration of digital printing technologies with flexographic printing drives the demand for compatible flexographic inks.

Increasing focus on product aesthetics and differentiation: Brand owners and marketers are placing a greater emphasis on product aesthetics, visual appeal, and differentiation to attract consumers in competitive markets. Flexographic printing, with its ability to deliver high-quality and vibrant prints, is well-suited to meet these demands. The demand for flexographic inks is driven by the need for attractive and eye-catching packaging and labels that enhance brand visibility and consumer engagement.

Emerging economies and industrial growth: The flexographic ink market is influenced by the economic growth and industrialization of emerging economies. Countries such as China, India, Brazil, and Southeast Asian nations are witnessing rapid industrial development, infrastructure growth, and urbanization. This drives the demand for flexographic inks across various industries, supporting market growth.

Research and development activities: Continuous research and development efforts in the field of flexographic inks lead to the development of new formulations with improved properties. Companies invest in R&D to enhance ink performance, color range, durability, and sustainability. Innovations resulting from research and development activities drive market growth by offering enhanced solutions to meet evolving customer needs.

Market Snapshot:

Market Insights:

The global flexographic ink market is bifurcated into resin type, technology, application, and geography. On the basis of technology, the market is further segmented into water-based, solvent-based, and UV-curable. The water-based segment dominated the global market in 2020 and accounted to hold the largest revenue share of around half of the market by the end of the analysis period. The growing demand for non-VOC-based inks is estimated as a major factor to drive the segment growth. On the flip side, the solvent-based segment is expected to grow at a significant growth rate over the forecast period.

On the basis of application, the market is segmented into flexible packaging, rigid packaging, folding cartons, tags & labels, and paper printing. The flexible packaging segment dominated the global flexographic ink market in 2020 and accounted to hold the largest revenue share of around one-third percent of the market by 2027. The increasing demand for flexible packaging from various end-use industries is a major factor to drive the segment growth. The rising demand for flexible packaging due to its various properties such as lightweight, cost-effectiveness and increased shelf life of the product is expected to fuel the segment growth over the forecast period.

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The flexographic ink comprehensive study analyzes industry trends, market size, competitive analysis, and market forecast – 2021 to 2027. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The flexographic ink market research report presents the analysis of each segment from 2018 to 2027 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.

Historical & Forecast Period

• 2018-19 – Historical Year
• 2020 – Base Year
• 2021-2027 – Forecast Period

Market Segmentation:

By Resin Type:

• Polyurethanes
• Acrylic
• Polyamides
• Nitrocellulose
• Others

By Technology:

• Water-based
• Solvent-based
• UV-curable

By Application:

• Flexible Packaging
• Rigid Packaging
• Folding Cartons
• Tags & labels
• Paper printing

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Geographic Coverage

Geographically, the flexographic ink market report comprises dedicated sections centering on the regional market revenue and trends. The flexographic ink market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific, and Rest of the World (RoW). The RoW segment consists of Latin America and the Middle East & Africa. The flexographic ink market has been extensively analyzed on the basis of various regional factors such as demographics, gross domestic product (GDP), inflation rate, acceptance, and others. Flexographic ink market estimates have also been provided for the historical years 2018 & 2019 along with forecasts for the period from 2021 – 2027.

Competitive Assessment

Some of the major market players operating in the global flexographic ink market are DIC CORPORATION, Solar Inks Ltd., INX International Ink Co., Kao Chimigraf, and Antonine Printing Inks Ltd. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

Key Companies:

• DIC CORPORATION
• Solar Inks Ltd.
• INX International Ink Co.
• Kao Chimigraf
• Antonine Printing Inks Ltd.
• Flexographic Ink Company Ltd.
• ASIA INK
• Frimpeks
• Flint Group
• Mirage Inks Limited

Key Questions Answered by Flexographic Ink Market Report

• Global flexographic ink market forecasts from 2021-2027
• Regional flexographic ink market forecasts from 2021-2027 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
• Country-level forecasts from 2021-2027 covering 15 major countries from the regions as mentioned above
• Flexographic ink submarket forecasts from 2021-2027 cover the market by type, by technology, by application, and geography
• Various industry models such as SWOT analysis, Value Chain Analysis about flexographic ink market
• Analysis of the key factors driving and restraining the growth of the global, regional, and country-level flexographic ink markets from 2021-2027
• Competitive Landscape and market positioning of top 10 players operating in the flexographic ink market