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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Water based inks accounts for the maximum share in flexographic printing inks market in 2016, followed by solvent based inks, according to the stats provided by Coherent Market Insights. This ink finds large applications in paper, newspaper and cardboard printings. Stringent government regulations and rising consumer awareness towards the use of low VOC inks in the cosmetics and food packaging is expected to fuel the market for water based inks in the product type segments, which in turn is expected to boost the market for global flexographic printing inks in the following years. For instance, The Canadian Environmental Protection Act, 1999 (CEPA 1999) enforce to protect the environment and health of Canadian by setting VOC concentration limits for 53 categories of architectural coatings.
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