Transparency Market Research has released a new market report titled “Solder Paste Market (Product, Application, and Region) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast -– 2017–2025.” According to the report, the global flexographic printing inks market was valued at US$ 6,560.4 Mn in 2016 and is projected to reach US$ 10,919.4 Mn by 2025, expanding at a CAGR of 5.8% from 2017 to 2025.

Flexographic printing is one of the most important conventional printing processes. It uses flexible printing plates to print on various substrates. Historically, flexographic printing was known as aniline printing, primarily because flexographic printing presses used inks based on aniline dyes. The flexographic printing process is used mostly on flexible materials including corrugated boxes, paper and plastic bags, folding cartons, milk cartons, disposable cups, tags and labels. Printing plates used in printing processes are made up of plastic, rubber or photopolymer. This assures high flexibility and elevated longevity. Flexographic printing plates have raised images, which are rubbed against the substrate to produce the necessary image on it. Flexographic ink is supplied to ink rolls through the ink reservoir. These rolls further supply the ink to anilox rolls, which meter the ink and apply the necessary quantity of ink to the cylinder containing flexographic plates. These plates are pressed against the substrate to produce the required image on the substrate.

Stringent regulations related to VOC emissions have forced ink manufacturers to comply with environmental, health, and safety standards during the production of printing inks. The U.S. Environmental Protection Agency (EPA) developed the EPA test method 24 as a standard test to determine the amount of VOCs in inks. Usage of inorganic solvents and toxic metals such as cadmium, hexavalent chromium, lead, and mercury in printing inks adversely affects the environment.

Volatility in crude oil prices currently prevailing in the market is a key factor likely to affect the flexographic printing inks market. Crude oil is one of the major raw materials used in printing inks. Its prices have been fluctuating significantly for the last few years, which has adversely affected the prices of inks used in the publication industry. Other factors such as rising GDP and growing population of young consumers and continuously changing lifestyles are likely to boost the demand for packaged consumer products. This, in turn, is anticipated to propel the packaging industry and therefore the flexographic printing inks market across the globe.

Global flexographic printing inks market has been segmented into three categories: product, application, and region. Asia Pacific is expected to remain a highly attractive region for the flexographic printing inks market. Given that more than half the global population and emerging markets are in the region, international players have increased their focus on Asia Pacific.

Market for flexographic printing inks in North America and Europe are more mature when compared to Asia Pacific, Middle East & Africa, and Latin America.

Asia Pacific dominated the global flexographic printing inks market, accounting for more than 37.2% of the total market volume in 2016. The region is expected to offer significant potential for the flexographic printing inks market in the near future. Increased investments in China, India, and ASEAN are likely to boost the demand for them in the next few years. In Asia Pacific, several established players are estimated to enter into strategic alliances with local players to consolidate their market share. Various companies engaged in the printing inks business are focusing on ways to ease the availability of raw materials for the production of printing ink-based products.

Flexographic printing ink is a highly fragmented market with several manufacturers/ vendors/ suppliers. Some companies have a limited market presence in Middle East & Africa and Latin America. This offers them the prospect to establish research & development facilities in these regions in order to offer better solutions to customers. Furthermore, manufacturers could expand their distribution network with the addition of local distributors and sales offices. Exporting products to these regions could also provide ample growth opportunities for manufacturers based in North America and Europe.

Thus, companies in Middle East & Africa and Latin America, operating in the flexographic printing ink market need to focus on increasing their share among the existing end-users. Product improvement, growth in sales force, and competitive pricing are factors estimated to help them strengthen their position.

In Latin America, rise in ad spending, personalization, outdoor advertising, and packaging offers growth opportunities to the flexographic printing inks market. Digital transformation and office initiatives are predicted to remain at the forefront of business aspirations in the next few years in Middle East & Africa.

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