DALLAS, May 13, 2015 /PRNewswire/ --
The report "Flexographic Ink Market by Technology (Water based, Solvent based, UV based), by Resin type(Nitrocellulose, Polyamides, Polyurethane, Acrylic and Others) by Application (Corrugated Cardboards, Flexible Packaging, Tags & Labels and Folding cartons) - Global Forecast to 2020", published by MarketsandMarkets, The global market value of Flexographic Ink is estimated to be $2.32 Billion in 2015 and is projected grow at a CAGR of around 4.71% between 2015 and 2020 to reach $2.92 Billion by 2020.
Browse 72 market data Tables and 44 Figures spread through 164 Pages and in-depth TOC on"Flexographic Ink Market".
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The global flexographic ink is having significant contribution in flexible packaging and corrugated cardboard applications. The characteristics of the end products differ as per the requirement of end-user industries and for different applications. The Asia-Pacific region is the fastest growing segment of the global flexographic ink market and is mainly attributed to high economic growth rate followed by growing demand for biodegradable & renewable products, rising demand from packaging industry and corrugated cardboard printing application which is eventually driving the flexographic ink market. The Asia-Pacific and RoW markets are estimated to show an excellent growth in the next five years with the allied industries expected to stabilize the overall business need in the respective regions.
Europe is the largest market, both in terms of volume and value, followed by North America. China, Brazil, India, and Germany are expected to persist as successful flexographic ink markets. The key players in the flexographic ink are Flint Group (Luxembourg), DIC Corporation (Japan), Siegwerk Druckfarben AG & Co. KGaA (Germany), Sakata Inx (Japan), Toyo Ink S.C. Holdings (Japan), T&K Toka (Japan), and others.
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The flexographic ink demand, in terms of value and volume, depicts the current and future projections according to the parallel economic and industrial outlook. This analysis covers important developments, investments & expansions, partnerships & agreements, and mergers & acquisitions of the leading global companies.
The high demand from flexible packaging and tags & labels application will increase the overall flexographic ink market.
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