Asia Pacific Flexographic Printing Inks Market to Garner Valuation of $4.5 bn by 2024
Graphical Research has reported the addition of the “Flexographic Printing Inks Market: Asia Pacific Industry Analysis and Opportunity Assessment 2019 – 2024″ report to their offering.
India – August 30, 2019 /MarketersMedia/ —
Rise in packaging industry of the Asia Pacific region is one of the contributing factors for the flexographic market growth due to the usage of product for printing packaging materials. Growth in demand of flexible packaging owing to its wide range of application across pharmaceutical, food & beverage and household products will have a positive influence on the product demand in the forecast spell. Increasing purchasing power along with the advent of e-commerce has increases the availability and usage of consumer product thus boosting the demand of flexible packaging. The above-mentioned trends are likely to continue and will give an up thrust to the product market growth by 2024.
According to the Graphical Research new growth forecast report titled “Asia Pacific Flexographic Printing Inks Market analysis based on Product, Application, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2024”, estimated to exceed USD 4.5 billion by 2024.
The key players in Asia Pacific region for the flexographic printing market are Jiangmen Toyo Ink Co, DIC Corporation, Sakata INX, Flint Group, TOYO Ink Group, Hubergroup India, XSYS Print Solutions (Shanghai), Tokyo Printing Ink, INX International Corporation, T&K Toka, Taiyuan Coates Lorilleux Inks Chemical.
Segments We Cover:
Asia Pacific Flexographic Printing Inks Market, By Product
Water-based inks
Solvent-based inks
UV cured inks
Others
Flexible packaging
Corrugated containers
Folding cartons
Tags & labels
Others
Based on products, the market is categorized into three segments namely solvent-based, UC cured and water-based inks. Solvent based inks hold the market of more than USD 800 million in the year 2017. The product properties such as ability to give higher printing rates along with scratch resistance widens the scope of product usage in various applications. The properties of UV cured inks such as gloss, chemical and rub resistance, color consistency will increase their application scope across various industrial verticals.
The product has wide range of application for the printing of flexible packaging as these types of packaging are used in retail, pharmaceutical, food & beverage and also in other consumer products. The rise in ecommerce has eased the reach of consumer durable goods to greater chunk of population thus giving the boost to packaging industry. This in turn will impact the product demand in positive manner over the forecast time period.
Browse key industry insights along with Table of Content @ https://www.graphicalresearch.com/industry-insights/1109/apac-flexographic-printing-inks-market
Related Reports:
North America Flexographic Printing Inks Market size in 2017 was estimated to be over USD 2 billion and is anticipated to grow at a CAGR of about 5.2 % from 2018 to 2024 : https://www.graphicalresearch.com/industry-insights/1095/north-america-flexographic-printing-inks-market
Europe Flexographic Printing Inks Market Size exceeded $2.93 billion in 2017 and is projected to grow at over CAGR of 4.1 % from 2018 to 2024 : https://www.graphicalresearch.com/industry-insights/1111/europe-flexographic-printing-inks-market
About Graphical Research:
Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle.
Contact Info:
Name: Parikhit B.
Email: Send Email
Organization: Graphical Research
Website: https://www.graphicalresearch.com/industry-insights/1109/apac-flexographic-printing-inks-market
Source: MarketersMedia
Release ID: 88913796
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