Asia Pacific Flexographic Printing Inks Market Size exceeded $3.4 billion in 2017 and is projected to grow at over CAGR of 5.3 % from 2018 to 2024
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Constructive growth of the packaging industry in current years will act as a driving factor for the Asia Pacific flexographic printing inks market growth. The product is widely used in the printing of packaging materials. Rise in flexible packaging industry due to their versatility to be used in various food & beverage, household & pharmaceutical products for packaging will have a positive impact on product market growth in the forecasted timeframe. Population growth coupled with rise in disposable income of the consumers catapult the consumer products demand thus giving a boost to the packaging industry. These trends are expected to continue and will drive the product market demand in the near future.
Based on product, the flexographic printing inks market are segmented into water-based, solvent-based and UV cured inks. Among these the water-based ones have the largest share in the market. The product is chiefly used for the printing applications such as newspaper, cardboard and paper printing. The low volatile organic compound in water-based inks will boost the product demand in future due to the adoption of stringent environmental norms.
The product has application in packaging industry for printing of products such as corrugated containers, tags & labels, folding cartons, and various other flexible packaging materials. Dynamic growth in the packaging industry due to increase in advertising expenditure by myriad end user industries so as to make their products labels more attractive. These will subsequently push the product market growth in the coming years.
Some of the prominent players of the flexographic printing inks market in the Asia Pacific region are DIC corporation, Taiyuan Coates Lorilleux Inks Chemical Ltd., Hubergroup India, Sakata INX, Tokyo Printing Ink, XSYS Print Solutions (Shanghai) Ltd, T&K Toka, Sun Chemical Corporation, Flint Group, Jiangmen Toyo Ink Co. Ltd.
Segments We Cover:
Asia Pacific Flexographic Printing Inks Market, By Product
UV cured inks
APAC Flexographic Printing Inks Market, By Application
Tags & labels
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