Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Flexographic inks are printing inks used in the printing of coated & uncoated paper materials, metalized foils, and plastic films. It is produced from raw materials such as carbon black, mineral oils, resins, and solvents. It is mainly used in the printing of packaging materials and offer excellent printing quality.

The global flexographic printing inks market is projected to surpass US$ 13.5 billion by the end of 2027, in terms of revenue, growing at CAGR of 5.5% during the forecast period (2020 to 2027).

Drivers

Flexographic inks have superior drying properties that enhance the printing rate is expected to propel the market growth of the flexographic inks. The demand for flexographic inks is also gaining importance on the account of the growing need for high-speed printing processes. Thus, growing need for high-performance printing inks is projected to foster the market growth of the flexographic inks in the near future.

High demand for flexible packaging from the pharmaceutical industry is predominantly accelerating the market growth of the flexographic inks. Flexible packaging is used in the packaging of drugs and medical devices. Growing geriatric population is driving demand for healthcare facilities, thereby expanding pharmaceutical industry. Hence, growth in the pharmaceutical industry is propelling demand for flexible packaging which in turn augmenting the market growth of flexographic inks.

Regionally, Asia-pacific dominated the global flexographic printing inks market in 2019, reporting 38% market share in terms of revenue, followed by North America and Europe, respectively.

Figure 1. Global Flexographic Printing Inks Market, Revenue Share (%), By Region, 2019

Flexographic Printing Inks  | Coherent Market Insights

Market Restraints

Strict rules and regulations on VOC's is expected to hinder the market growth of the flexographic inks. A typical flexographic ink composition contains nearly 20% polymers, 60% solvent, 15% organic colorants and 5% additives. The solvent present in the flexographic inks emit toxic fumes of VOCs during the drying process which are harmful to the environment.

The advent of alternative printing techniques is expected to hamper the market growth of the flexographic inks. Also, the flexographic ink market is at a mature phase across the developed region such as North America and Europe due to which the market is witnessing steady growth. This is expected to restrict market growth.

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Report Coverage Details
Base Year: 2019 Market Size in 2019: US$ 8.5 Bn
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 5.5% 2027 Value Projection: US$ 13.5 Bn
Geographies covered:
  • North America: U.S., Canada
  • Europe: Germany, U.K., Spain, France, Italy, Russia, Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, Rest of Asia Pacific
  • Rest of the World
Segments covered:
  • By Product Type: Water-based inks, Solvent-based inks, UV-cured inks
  • By Application: Packaging, Others
Companies covered:

Flint Group, Sun Chemical Corporation, ALTANA AG, Siegwerk Druckfarben AG & Co. KGaA, INX International Corporation, Wikoff Color Corporation, T&K TOKA Co., Ltd, Zeller+Gmelin GmbH & Co. KG, TOYO Ink Group, and RUCO Druckfarben A.M. Ramp & Co GmbH

Growth Drivers:
  • Growing need for high-speed printing processes
  • Rise in demand for flexible packaging from the pharmaceutical industry
Restraints & Challenges:
  • Strict rules and regulations on Volatile organic compounds (VOC)

Market Opportunities

The growing use of UV-cured inks flexography printing as they do not contain any volatile compounds is projected to serve major growth opportunities to the market of flexographic ink. They have various advantages and are highly preferred over conventional printing. UV-cured inks are also gaining momentum on the account of the growing demand for VOC-free printing inks this in turn is propelling the market growth of flexographic ink.

Rapid urbanization coupled with the increasing population is expected to provide lucrative opportunities. Rise in the food &beverage packaging due to the growing demand for food is also expected to foster the market growth. Moreover, increasing popularity of aesthetic packaging is also projected to bolster the market growth of the flexographic ink over the forecast period.

Figure 2. Global Flexographic Printing Inks Market – Opportunity Analysis

Flexographic Printing Inks  | Coherent Market Insights

Market Trends

Product innovation by major players is a major trend in the market of flexographic ink. For instance, in August 2019, Sun Chemical launched SolarVerse, a new range of UV flexo base concentrates, at Labelexpo in Belgium. The range includes a range of standard and resistant pigments that cover a broad color range. The technology is intended to increase ink system flexibility and to be easily dispensed through a standard UV flexo dispenser.

Improving standard of living coupled with the growing upper-middle populations across the developing region has propelled the growth of the various end-user industries, this is, in turn, is expected to foster the market growth. According to the United Nations, 68% of the world population is projected to live in urban areas by 2050. Thus, growth in the urban population is anticipated to propel the market growth over the forecast period.

Figure 3. Global Flexographic Printing Inks Market, Revenue Share (%), By Product Type, in 2019

Flexographic Printing Inks  | Coherent Market Insights

On the basis of product type, water-based inks the global flexographic printing inks market in 2019 with around 41% of market share in terms of revenue, followed by UV-cured inks and solvent-based inks, respectively.

Global Flexographic Printing Inks Market - Impact of Coronavirus (Covid-19) Pandemic

Measures such as nationwide lockdown owing to Coronavirus (Covid-19) Pandemic have led panic buying of food and hygiene products. For instance, Kraft Heinz Company’s net sales increased by 3.3% in first quarter of 2020 as compared to first quarter of 2019, primarily attributed to the sudden in the segment of packaged food due to the pandemic. This is expected to boost the growth of global flexographic printing inks market for timeframe of 2021-2022.

Competitive Section

Key players are operating in the global flexographic printing inks market are Flint Group, Sun Chemical Corporation, ALTANA AG, Siegwerk Druckfarben AG & Co. KGaA, INX International Corporation, Wikoff Color Corporation, T&K TOKA Co., Ltd, Zeller+Gmelin GmbH & Co. KG, TOYO Ink Group, and RUCO Druckfarben A.M. Ramp & Co GmbH

Few Recent Developments 

In April 2019, Flint Group has released the nyloflex XAH Digital plate. The new flexographic plate is formulated with a special AIF technology that keeps plates cleaner on the press and results in faster print runs with fewer press stops.

Flexographic printing inks are inks transferred by the process of flexography, which finds wide applications in various printing of packing materials such as corrugated cardboard, cardboard box, plastic & paper bags, newspapers, food packaging and catalogues. This ink finds popularity among consumers due to its cheap production cost and environment friendly nature. It is largely preferred for packaging printing in cosmetics and personal care products, as it enhances the aesthetic appeal and attracts consumers. Various end use industry, such as food & beverages, cosmetics and pharmaceuticals industries use flexographic printing inks for packaging in order to promote their brand coupled with increasing aesthetic appearance of the product.

Market Dynamics

The global flexographic printing inks market has witnessed significant growth in recent past years, owing to the rising demand for eco-friendly packaging in various end-user industries such as pharmaceutical, cosmetics, food & beverages and others. Furthermore, growing investments for research & development in production flexographic printing inks is expected to provide lucrative growth to the global glass packaging market over the forecast period

Major players in the global flexographic printing inks market are increasing their investment on innovative product launchings, research & development and marketing & promotional activities to capitalize on emerging trends in various end-use industries such as cosmetics & personal care, textile, food & beverage, healthcare and others. This scenario is expected to fuel the market during the forecast period.

Key features of the study:

  • This report provides in-depth analysis of global flexographic printing inks market size (US$ Billion and Kilo tons), and Compound Annual Growth Rate (CAGR %) for the forecast period (2020 – 2027), considering 2019 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights into market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players
  • It profiles leading players in the global flexographic printing inks market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study includes Flint Group, Sun Chemical Corporation, ALTANA AG, Siegwerk Druckfarben AG & Co. KGaA, INX International Corporation, Wikoff Color Corporation, T&K TOKA Co., Ltd, Zeller+Gmelin GmbH & Co. KG, TOYO Ink Group, and RUCO Druckfarben A.M. Ramp & Co GmbH
  • Insights from this report would allow marketers and the management authorities of companies to make informed decision regarding their future product launches, Product Type up-gradation, market expansion, and marketing tactics
  • The global Flexographic printing inks market report caters to various stakeholders in this industry including investors, suppliers, global flexographic printing inks manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global flexographic printing inks market

Detailed Segmentation:

  • Global Flexographic Printing Inks Market, By Product Type:
    • Water-based inks
    • Solvent-based inks
    • UV-cured inks
  • Global Flexographic Printing Inks Market, By Application:
    • Packaging
      • Flexible packaging
      • Corrugated containers
      • Folding cartons
      • Tags and labels
      • Others
    • Others
  • Global Flexographic Printing Inks Market, By Region:
    • North America
      • U.S.
        • By Product Type
          • Water-based inks
          • Solvent-based inks
          • UV-cured inks
        • By Application
          • Packaging
            • Flexible packaging
            • Corrugated containers
            • Folding cartons
            • Tags and labels
            • Others
          • Others
      • Canada
        • By Product Type
          • Water-based inks
          • Solvent-based inks
          • UV-cured inks
        • By Application
          • Packaging
            • Flexible packaging
            • Corrugated containers
            • Folding cartons
            • Tags and labels
            • Others
          • Others
    • Europe
      • France
        • By Product Type
          • Water-based inks
          • Solvent-based inks
          • UV-cured inks
        • By Application
          • Packaging
            • Flexible packaging
            • Corrugated containers
            • Folding cartons
            • Tags and labels
            • Others
          • Others
      • Germany
        • By Product Type
          • Water-based inks
          • Solvent-based inks
          • UV-cured inks
        • By Application
          • Packaging
            • Flexible packaging
            • Corrugated containers
            • Folding cartons
            • Tags and labels
            • Others
          • Others
      • U.K.
        • By Product Type
          • Water-based inks
          • Solvent-based inks
          • UV-cured inks
        • By Application
          • Packaging
            • Flexible packaging
            • Corrugated containers
            • Folding cartons
            • Tags and labels
            • Others
          • Others
      • Russia
        • By Product Type
          • Water-based inks
          • Solvent-based inks
          • UV-cured inks
        • By Application
          • Packaging
            • Flexible packaging
            • Corrugated containers
            • Folding cartons
            • Tags and labels
            • Others
          • Others
      • Rest of Europe
        • By Product Type
          • Water-based inks
          • Solvent-based inks
          • UV-cured inks
        • By Application
          • Packaging
            • Flexible packaging
            • Corrugated containers
            • Folding cartons
            • Tags and labels
            • Others
          • Others
    • Asia Pacific
      • China
        • By Product Type
          • Water-based inks
          • Solvent-based inks
          • UV-cured inks
        • By Application
          • Packaging
            • Flexible packaging
            • Corrugated containers
            • Folding cartons
            • Tags and labels
            • Others
          • Others
      • Japan
        • By Product Type
          • Water-based inks
          • Solvent-based inks
          • UV-cured inks
        • By Application
          • Packaging
            • Flexible packaging
            • Corrugated containers
            • Folding cartons
            • Tags and labels
            • Others
          • Others
      • Australia
        • By Product Type
          • Water-based inks
          • Solvent-based inks
          • UV-cured inks
        • By Application
          • Packaging
            • Flexible packaging
            • Corrugated containers
            • Folding cartons
            • Tags and labels
            • Others
          • Others
      • India
        • By Product Type
          • Water-based inks
          • Solvent-based inks
          • UV-cured inks
        • By Application
          • Packaging
            • Flexible packaging
            • Corrugated containers
            • Folding cartons
            • Tags and labels
            • Others
          • Others
      • Rest of the Asia-pacific
        • By Product Type
          • Water-based inks
          • Solvent-based inks
          • UV-cured inks
        • By Application
          • Packaging
            • Flexible packaging
            • Corrugated containers
            • Folding cartons
            • Tags and labels
            • Others
          • Others
    • Rest of the World
        • By Product Type
          • Water-based inks
          • Solvent-based inks
          • UV-cured inks
        • By Application
          • Packaging
            • Flexible packaging
            • Corrugated containers
            • Folding cartons
            • Tags and labels
            • Others
          • Others
  • Company Profiles
    • Flint Group*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Sun Chemical Corporation
    • ALTANA AG
    • Siegwerk Druckfarben AG & Co. KGaA
    • INX International Corporation
    • Wikoff Color Corporation
    • T&K TOKA Co., Ltd
    • Zeller+Gmelin GmbH & Co. KG
    • TOYO Ink Group
    • RUCO Druckfarben A.M. Ramp & Co GmbH

 “*” marked represents similar segmentation in other categories in the respective.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • PEST Analysis
      • PORTER’s Analysis
      • New Product Approvals/Launch
      • Promotion and Marketing Initiatives
  4. Global Flexographic Printing Inks Market - Impact of Coronavirus (Covid-19) Pandemic
    • Overview
    • Factors Affecting Global Sodium Hypochlorite Market – COVID-19
    • Impact Analysis
  5. Global Flexographic Printing Inks Market, By Product Type, 2017 - 2027 (US$ Billion)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
      • Segment Trends
    • Water-based inks
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Solvent-based inks
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • UV-cured inks
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
  6. Global Flexographic Printing Inks Market, By Application, 2017 - 2027 (US$ Billion)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
      • Segment Trends
    • Packaging
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
      • Sub-Segment Trends
        • Flexible packaging
        • Corrugated containers
        • Folding cartons
        • Tags and labels
        • Others
    • Others
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
  7. Global Flexographic Printing Inks Market, By Region, 2017- 2027 (US$ Billion)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Region, 2020 - 2027
    • North America
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
        • U.S.
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • Canada
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
    • Europe
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
        • France
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • Germany
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • Italy
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • Spain
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • U.K.
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • Russia
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • Poland
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • Rest of Europe
          • Sub-region/Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
    • Asia Pacific
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
        • China
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • India
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • Japan
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • Australia
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • Rest of Asia Pacific
          • Sub-region/Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
    • Rest of the World
      • Market Share Analysis, By Country/ Sub-region, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country/ Sub-region, 2020 - 2027
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
  8. Competitive Landscape
    • Market Share Analysis
    • Company Profiles
      • Flint Group
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Sun Chemical Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • ALTANA AG
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Siegwerk Druckfarben AG & Co. KGaA
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • INX International Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Wikoff Color Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • T&K TOKA Co., Ltd
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Zeller+Gmelin GmbH & Co. KG
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • RUCO Druckfarben A.M. Ramp & Co GmbH
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • TOYO Ink Group
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
    • References
    • Research Methodology
    • About us and Sales Contact

* Browse 45 market data tables* and 30 figures* on "Global Flexographic Printing Inks Market” – global forecast to 2027

Frequently Asked Questions

The market for global flexographic printing inks is forecast to surpass US$ 13.5 billion by 2027 witnessing a CAGR of 5.5% between 2020 and 2027.
Growing need for high-speed printing processes and rise in demand for flexible packaging from the pharmaceutical industry are expected to fuelling the growth of the global flexographic printing inks market in the region.
Product innovation by major players is a major trend which is expected to favor market growth over the forecast period.
Risk factor associated with the use of chemicals used in the treatment of seed is expected to hamper the growth the market during the forecast period.
Major players operating in the global flexographic printing inks market include Flint Group, Sun Chemical Corporation, ALTANA AG, Siegwerk Druckfarben AG & Co. KGaA, INX International Corporation, Wikoff Color Corporation, T&K TOKA Co., Ltd, Zeller+Gmelin GmbH & Co. KG, TOYO Ink Group, and RUCO Druckfarben A.M. Ramp & Co GmbH
The global flexographic printing inks market was estimated to be valued around US$ 8.5 billion in terms of revenue in 2019.
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