(MENAFN- Ameliorate Digital Consultancy) The Flexo Inks Market is projected to grow from USD 3.29 Billion in 2022 to USD 4.32 Billion by 2023, at a CAGR of 5.2% during the forecast period.
The qualitative report published by market intelligence data research on “ Flexo Inks Market offers an in-depth examination of the current trends, latest expansions, conditions, market size, varidrivers, limitations, and key players along with their profile details. The Flexo Inks market report offers the historical data for 2017 to 2022 and also makes available the forecast data from the year 2023 to 2029 which is based on revenue. With the help of all this information research report helps the Market contributors to expand their market positions. With the benefit of all these explanations, this market research report recommends a business strategy for present market participants to strengthen their role in the market. This report analyzes the impact of the Covid 19 pandemic on the Flexo Inks Market from a Global and Regional perspective.
The Global Flexo Inks Market is expected to grow with a CAGR of 5.2% from 2023 to 2029.
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Top Key Players are covered in the Flexo Inks Market Report:
ALTANA AG,Sun Chemical Group,SAKATA INX CORPORATION,RUCO,Flint Group,Wikoff Color Corporation,FIORINI INTERNATIONAL,Huber Group Deutschland GmbH,Siegwerk Druckfarben AG &
Regional Analysis:
The region-wise coverage of the market is mentioned in the report, mainly focusing on the regions:
North America (NA) – US, Canada, and Mexico
Europe (EU) – UK, Germany, France, Italy, Russia, Spain & Rest of Europe
Asia-Pacific (APAC) – China, India, Japan, South Korea, Australia & Rest of APAC
Latin America (LA) – Brazil, Argentina, Peru, Chile & Rest of Latin America
The Middle East and Africa (MEA) – Saudi Arabia, UAE, Israel, South Africa
APAC is expected to grow at the highest CAGR during the forecast period.
Asia-Pacific is the fastest-growing Flexo Inks market, registering a CAGR of 5.77%, in terms of volume, between 2017 and 2023. The presence of some of the fast-growing economies such as China, India, and South Korea and rising demand for convenient packaging solutions are some of the factors responsible for the growth of the Flexo Inks Market in the Asia-Pacific region. The rapidly increasing e-commerce market in the region also helped to grow the flexible ink market in the Asia-Pacific. According to interetailers, e-commerce growth in Asia-Pacific was USD 142.42 billion in 2014 and surged to USD 220 billion in 2015. This strong growth is driven by increased GDP, increasing standard of living, increased per capita income, and rising upper middle-class populations. All these online orders require flexible packaging to support the shipment.
Market Dynamics – Driver
Growing demand for printing ink from the packaging industry
The demand for flexographic printing ink from the packaging industry is increasing with the rising interest of packaging manufacturers to develop attractive packaging. This leads to an increased demand for printing inks. According to the World Packaging Organization, the annual turnover of the packaging industry is estimated to be around USD 500 billion in 2016.
The strong growth of the packaging industry is due to high demand from the end-user industry, enabling product presentation & differentiation, competitive rivalry, and enhancement of the shelf-life of the product. The Packaging Industry which is the main consumer of printing ink has witnessed a growth of approximately 12.5% annually. Rising demand for printing ink in packaging application products, such as tags and labels, flexible packaging, and folding cartons, is estimated to drive the global printing ink market.
Restraint – Mature market in developed countries
The packaging industry in developed economies such as North America, Europe, and Japan is at a mature phase of the market life cycle. There is minor scope for development in this region. Manufacturers tend to shift their production units in developing regions as compared to developed economies to take advantage of untapped markets.
According to industry experts, the Flexo Inks market in developed countries has saturated, and growing at a lower growth rate as compared to other developing regions such as Asia-Pacific and South America. The printing ink manufacturers are responding to the global competitive challenges by establishing production units in developing countries, where the production cost is very low.
The market for Flexo Inks has been witnessing slow growth in the mature regions of the world due to a number of factors such as maximum penetration of the packaging industry, reduced advertising in the traditional media due to the rise of electronic publishing, and growing demand of the internet. This has been hampering the growth of Flexo Inks market in developed countries.
Challenge – The balancing act: Lower cost and improve performance of Flexo Inks
Flexo Inks manufacturers want to lower the cost of their production but need the same performance. The main expectations of ink manufacturers from resin suppliers are stable price support, better quality supply, sufficient quantity offer, and technical discussion/exchange.
Managing the ups and downs of raw material prices by Flexo Inks manufacturers takes significant resources, which could be better spent on developing new opportunities with ink manufacturers.
The main challenges in the ink industry are to satisfy the different quality requirements of each customer to assist each customer, and find the best ways to handle high raw material costs in a competitive resin market environment.
Market Segment Analysis :
The Flexo Inks Market Report provides a preliminary review of the industry, definitions, classifications, and enterprise chain shape. Market analysis is furnished for the worldwide markets which include improvement tendencies, hostile view evaluation, and key regions development. Development policies and plans are discussed, and manufacturing strategies and fee systems are also analyzed.
Flexo Inks Market Segmentation by Types:
Water-based
Solvent-based
UV-cured
Others
Flexo Inks Market Segmentation by Applications:
Flexible Packaging
Corrugated Containers
Folding Cartons
Tags & Labels
Others
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Significant Features and Key Highlights of the Flexo Inks Market Reports :
– Detailed overview of The Flexo Inks market.
– Changing market dynamics of the industry.
– In-depth market breakdown by Type, Application, etc.
– Historic, existing, and predictable market size in terms of extent and worth.
– Recent manufacturing trends and developments.
– Competitive landscape of The Flexo Inks market.
– Approaches to significant performers and product help.
– Prospective and niche sectors/regions exhibiting promising growth.
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Detailed TOC of Flexo Inks Market Research Report 2023 – 2029
Chapter 1 Flexo Inks Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers and, Market data
Chapter 4 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 5 Global Production, Revenue (Value), Price Trend by Type and Region
Chapter 6 Global Market Analysis by Application
Chapter 7 Manufacturing Cost and, Gross profit Analysis
Chapter 8 Industrial Chain, Sourcing Strategy, and Downstream Buyers
Chapter 9 Marketing Strategy and, StaAnalysis, Distributors/Traders
Chapter 10 Market Driving Effect Factors Analysis
Chapter 11 Global Flexo Inks Market Trends and, Forecast
Chapter 12 Research Methodology
COVID-19 and Russia-Ukraine War Influence Analysis
The readers in the section will recognize how the Flexo Inks market scenario changed across the globe during the pandemic, post-pandemic, and Russia-Ukraine War. The study is done keeping in view the changes in aspects such as demand, consumption, transference, consumer behavior, supply chain management, export and import, and production. The industry experts have also highlighted the key factors that will help create opportunities for players and stabilize the overall industry in the years to come. These factors negatively affected the market during the war.”
The Flexo Inks Market report gives answers to the following:
What guidelines are followed by key performers to contest this Covid-19 condition? What are the important matters drivers, opportunities, challenges, and dangers of the market? will face surviving? Which are the essential market players in the Flexo Inks industry? What is the forecast compound annual growth rate (CAGR) of the global market for the duration of the forecast period (2023-2029)? What could be the anticipated value of the Flexo Inks marketplace during the forecast period?
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