Flexographic Ink Market Set for Rapid Growth Amid Packaging Industry Surge in Asia Pacific
The global flexographic ink industry size is projected to present significant growth during the forecast period. These inks are transferred by the process of flexography and are mainly used in the printing of packing materials such as paper bags, cardboard boxes, corrugated cardboard, Plastic bags, labels, food packaging, newspapers, catalogs, and many others. The target market is primarily driven by the thriving expansion of the packaging sector. Other factors like heightened demand from end-user industries, product presentation, improvement in shelf life, and market competition also propel growth in the flexographic ink market.
With the escalating interest of packaging manufacturers to introduce attractive packaging, the demand for flexographic ink is also increasing as there is an overall heightened demand for printing inks. The robust development of the packaging industry is because of high demand from the end-user industry, enabling product presentation & differentiation, market competition, and improvement of the shelf-life of the product. These factors also have a positive impact on the target market. The advancing packaging sector is generating the most demand for flexographic printing ink.
Again, the growing demand for printing ink in packaging application goods like tags and labels, flexible packaging, and folding cartons, will also fuel the global flexographic ink market during the assessment period. Other factors like the increasing commercialization of flexible packaging due to its extensive application in different consumer goods will directly aid the size of the flexographic ink market over the forecast period.
Also, flexographic ink offers effective drying properties, which deliver an improved and faster printing rate. It also finds usage in high-speed printing processes owing to its propensity to firmly follow the printing surface. Additionally, the rising FDI investments in emerging economies further propel the growth of the target market during the upcoming years.
“Surging demand for packaging ink, as well as the popularity of flexible packaging solutions, are expected to supplement the global growth of the flexographic ink market over the forecast period,” says an FMI analyst.
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Key Takeaways:
Commercialization of flexible packaging will improve market prospects.
Subjection to strict FDA regulations may stunt market growth during the assessment period.
The flexographic ink market in the Asia Pacific region will remain the largest market during 2022-2032.
Convenient packaging demands in China, India, and South Korea will propel market growth in the Asia Pacific region.
North America, with the USA taking the lead, will present several lucrative opportunities to the target market.
