Asia Pacific Flexographic Printing Inks Market worth over $4.5 bn by 2024

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According to the Graphical Research new growth forecast report titled “Asia Pacific Flexographic Printing Inks Market analysis based on Product, Application, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2024”, estimated to exceed USD 4.5 billion by 2024.

Rise in packaging industry of the Asia Pacific region is one of the contributing factors for the flexographic market growth due to the usage of product for printing packaging materials. Growth in demand of flexible packaging owing to its wide range of application across pharmaceutical, food & beverage and household products will have a positive influence on the product demand in the forecast spell. Increasing purchasing power along with the advent of e-commerce has increases the availability and usage of consumer product thus boosting the demand of flexible packaging. The above-mentioned trends are likely to continue and will give an up thrust to the product market growth by 2024.

Based on products, the market is categorized into three segments namely solvent-based, UC cured and water-based inks. Solvent based inks hold the market of more than USD 800 million in the year 2017. The product properties such as ability to give higher printing rates along with scratch resistance widens the scope of product usage in various applications. The properties of UV cured inks such as gloss, chemical and rub resistance, color consistency will increase their application scope across various industrial verticals.

The product has wide range of application for the printing of flexible packaging as these types of packaging are used in retail, pharmaceutical, food & beverage and also in other consumer products. The rise in ecommerce has eased the reach of consumer durable goods to greater chunk of population thus giving the boost to packaging industry. This in turn will impact the product demand in positive manner over the forecast time period.

The key players in Asia Pacific region for the flexographic printing market are Jiangmen Toyo Ink Co, DIC Corporation, Sakata INX, Flint Group, TOYO Ink Group, Hubergroup India, XSYS Print Solutions (Shanghai), Tokyo Printing Ink, INX International Corporation, T&K Toka, Taiyuan Coates Lorilleux Inks Chemical.

Segments We Cover:

Asia Pacific Flexographic Printing Inks Market, By Product

  • Water-based inks

  • Solvent-based inks

  • UV cured inks

  • Others

  • Flexible packaging

  • Corrugated containers

  • Folding cartons

  • Tags & labels

  • Others

 

The above information is provided on a country basis for the following:

  • China

  • India

  • Japan

  • Australia

  • Indonesia

  • Malaysia