The Global Flexographic Printing Inks Market was valued at US$ 6.23 billion in 2016, according to a new report published by Coherent Market Insights. The global flexographic printing inks market has gained traction during the last five years, due to shifting consumer trend towards convenience and packed food. Packaging is also used as a primary tool for marketing and brand promotion, which attracts the attention and interest of buyers. This is projected to draw massive demand for flexographic printing inks. Increasing concerns over the high VOC emissions associated with solvent0-based ink may hinder this market from growing in the following years. This in turn, is fueling growth in demand for UV-cured printing inks due to zero VOC emissions. Also, the market leading manufacturers of this market involve in new product development to meet the rising demand of customer. For instance, in May 01, 2017, Sun Chemical---Introduce new high performance UV Flexo Inks during Label Summit in Latin America 2017.
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Among product types, the water-based inks segment accounted for the maximum share in flexographic printing inks market in 2016, followed by solvent-based inks segment. This growth is attributed to the wide application of these inks in paper, newspaper, and cardboard printings. Increasing number of stringent regulations being imposed by the government and growing consumer awareness towards adopting low VOC inks in packaging of cosmetics and food, is expected to fuel growth of the water-based inks segment. For instance, The Canadian Environmental Protection Act, 1999 (CEPA 1999) enforces environmental and health protection in Canada, by setting VOC concentration limits for 53 categories of architectural coatings.
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