MarketResearchNest.com adds “Global Flexographic Printing Inks Market 2017-2021” new report to its research database. The report spread across 87 pages with table and figures in it.
Research analysts forecast the global flexographic printing inks market to grow at a CAGR of 4.71% during the period 2017-2021.
About Flexographic Printing Inks
Flexographic printing inks are produced by the process of flexography and are primarily used for the printing of packaging materials. They are mainly used for printing on flexible packaging, corrugated board cartons, shrink sleeves, flexible sleeves, bags and sacks, labels, mold, wrap arounds, envelopes, sanitary ware and kitchenware, folding cartons, newspapers, and other products. Flexographic printing inks are commonly used in a wide range of food packaging products such as seal bags, cups, sachets, pouches and paper bags.
Covered in this report
The report covers the present scenario and the growth prospects of the global flexographic printing inks market for 2017-2021. To calculate the market size, the report considers the calculation of revenues generated by various application such as corrugated cardboard, flexible packaging, folding cartons, tags and labels and others.
Browse full table of contents and data tables at https://www.marketresearchnest.com/global-flexographic-printing-inks-market-2017-2021.html
The market is divided into the following segments based on geography:
Technavio’s report, Global Flexographic Printing Inks Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Global Flexographic Printing Inks Market 2017-2021
Technavio recognizes the following companies as the key players in the global flexographic printing inks market: ALTANA, DIC Corporation, FlintGroup, SAKATA INX CORPORATION, Siegwerk Druckfarben, and Toyo Ink.
Other Prominent Vendors in the market are: Aldenn & Ott Printing Inks, BRADEN SUTPHIN INK, hubergroup North America, INX International Ink, Nazdar, T&K TOKA, Wikoff Color Corporation, and Zeller+Gmelin.
Commenting on the report, an analyst from Research team said: “One trend in the market is growing adoption of EB curing technology. The electron beam (EB) technology is a further advancement of UV curing technology. In the EB curing process, a beam of high-energy electrons is used to cure flexographic printing inks. The EB curable ink system offers good print quality, product resistance, and high gloss, besides eliminating the need for interstation curing. EB curable ink offer reduced ink consumption during the printing process.”
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According to the report, one driver in the market is high demand from the packaging industry. The growth of the packaging industry contributes to the increased demand for flexible packaging. Due to the thriving consumer goods industry and technological advances in the packaging industry, the global packaging market is expected to reach $1.12 trillion by 2021 from $897 billion in 2016, growing at a CAGR of 4.56%. The growth of the global packaging industry had a significant impact on the development and expansion of the global packaging inks market; especially, the waterborne flexographic printing inks.
Further, the report states that one challenge in the market is volatility in raw material prices. The raw materials for flexographic printing inks are binders, pigments, solvents, and additives. The pigments are considered to be the principal constituents of the inks and contribute to more than 50% of its cost. Titanium dioxide is the commonly used pigment in the formulation of flexographic printing inks. The high prices of titanium dioxide are expected to increase the manufacturing cost of flexographic printing inks. In 2017, a titanium dioxide production plant of Huntsman at Pori, Finland witnessed a fire accident, and the company closed its production facility in Calais, France as part of its strategy to optimize manufacturing network and improve business.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key questions answered in this report: What will the market size be in 2021 and what will the growth rate be; What are the key market trends; What is driving this market; What are the challenges to market growth; Who are the key vendors in this market space; What are the market opportunities and threats faced by the key vendors; What are the strengths and weaknesses of the key vendors;
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Mr. Jeet Jain