Flexible Printing Inks Market - Industry Analysis, Market Size, Share, Trends, Growth And Forecast 2024-2030

Flexible Printing Inks Market Overview

Flexible Printing Inks Market size is forecast to reach $18.7 billion by 2030, after growing at a CAGR of 5.4% during 2024-2030. Flexible Printing Inks enhances the graphical appearance and also contributes to the performance of the quality images during manufacturing, packaging, transportation and use of products. The flexible printing inks are water based/solvent based and are used for surface prints, laminations, and adhesion. Alcohol Polyamide resins are engineered to dissolve in ethanol or a mixture of alcohols and have excellent ester tolerance. It is more consistent with nitrocellulose than co-solvent or alcohol reducible forms, and it provides greater low-temperature gel resistance and recovery. Because of its improved compatibility with nitrocellulose, printing inks with high heat resistance for heat-sensitive applications can now be produced.  Jetness, colour hue, optical density, masstone, gloss, rub resistance, rheological and flow properties are all provided by carbon black pigments for printing inks. The growth in the market is due to the increase in the usage of flexible printing inks in various applications like, coating, film, glass inks, plastic printing, metal decorating and others.

As environmental concerns continue to gain prominence globally, there's a growing shift towards sustainable and eco-friendly printing solutions. Manufacturers in the flexible printing inks market are increasingly focusing on developing formulations that minimize environmental impact throughout the product lifecycle. These inks are typically derived from renewable resources, possess biodegradable properties, and emit lower levels of volatile organic compounds (VOCs) during printing processes. Additionally, regulatory frameworks and sustainability initiatives are prompting converters and brand owners to adopt eco-friendly printing inks to meet consumer expectations and comply with environmental regulations. The trend towards sustainable inks underscores the industry's commitment to reducing its carbon footprint and promoting environmental stewardship. Digital printing technologies are revolutionizing the flexible packaging landscape by offering enhanced flexibility, shorter lead times, and improved print quality compared to traditional analog printing methods. The adoption of digital printing inks for flexible packaging applications is driven by the need for customization, versioning, and on-demand printing capabilities. Digital inks enable converters to efficiently produce small to medium print runs with minimal setup costs, thereby catering to the growing demand for personalized packaging solutions in various end-use industries such as food and beverage, cosmetics, and pharmaceuticals. Moreover, advancements in digital printing technologies, including inkjet and electrophotography, are enabling converters to achieve high-resolution prints, vibrant colors, and intricate designs on a wide range of flexible substrates, further expanding the market's growth potential.

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Flexible Printing Inks Market Report Coverage                             

The report: “Flexible Printing Inks Market - Forecast (2024-2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the Flexible Printing Inks Industry.
By Ink: Flexographic Printing Ink and Gravure Printing Ink.
By Type: Water Based, Solvent Based, Ultraviolet and Electron Beam and Oil Based.
By Type of Resin: Nitrocellulose, Polyurethane, Polyamide, Acrylic, Ketone, Cellulose Acetate Propionate (CAP), PVB, and Others.
By Application: Coating, Flexible Film, Corrugated, Lamination, Metal Decorating, Plastic Printing, Glass Inks, Commercial Sheetfed, Shrink Sleeve and Others.
By Geography: North America (U.S, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherland, Spain, Russia, Belgium, and Rest of Europe), APAC (China, Japan, India, South Korea, Australia and New Zealand, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, Rest of South America) and RoW (Middle East and Africa).

Key Takeaways

• Asia Pacific dominates the Flexible Printing Inks Market owing to rapid increase in coating, film and decorative industry due to increase in the e-commerce market.
• The market drivers and restraints have been assessed to understand their impact over the forecast period.
• The report further identifies the key opportunities for growth while also detailing the key challenges and possible threats.
• The other key areas of focus include the various applications and end use industry in Flexible Printing Inks Market and their specific segmented revenue.
• Due to the COVID-19 pandemic, most of the countries have gone under temporary shutdown, due to which operations of Flexible Printing Inks Market related industries has been negatively affected, thus hampering the growth of the market.

Flexible Printing Inks Market Segment Analysis - By Ink

The Flexographic Ink held the largest share in the Flexible Printing Inks Market in 2023. The flexographic ink process involves the transferring of ink, one color at a time from the surface of the flexible plate, which is made of photopolymer, on which an image is represented to the substrate. The flexographic ink is water, solvent and oil based and UV. It is one of the most dynamically increasing area because of its use on both the absorbent bases and the non-absorbent bases. Flexographic ink printing is done on the paper, plastics and cardboards.

Flexible Printing Inks Market Segment Analysis - By Type

Solvent Based flexible printing ink held the largest share in the Flexible Printing Inks Market in 2023. The solvent based inks are having usually low surface tension than water-based inks. The solvent based inks are majorly used on the industrial film and the plastic shopping bags.

Flexible Printing Inks Market Segment Analysis - By Type of Resin

Polyurethane resin-based ink system held the largest share in the Flexible Printing Inks Market in the year 2023. The polyurethane resin is used to create a flexible film to provide a bond of strength and also prevent the package from delaminating. There is a very strong growth in the food industry and with this growth there is rise in the requirement of laminating packages with lower cost, better pigment, more efficiency, low complexity and better printing. With the storage packaging the bond must be high because of the challenging conditions and the food packed must be hold fresh. The growth of use of polyurethane in flexible ink market will drive the growth because of its growing use in the food packaging industry.

Flexible Printing Inks Market Segment Analysis - By Application

Lamination and plastic printing held the largest share in the Flexible Printing Inks Market in 2023 with a CAGR of 8.2%. The rise in printing industry is due to the increase in demand for the packaged food and due to rise in the disposable income of the people and change in the lifestyle in the emerging economies. With the growing printing industry and its demand for flexible printing particularly in the regions of Asia-Pacific, North America and Europe, the demand of flexible printing for all kinds of applications like coating, flexible film, lamination, metal decorating and others are expected to see an upsurge. Food packaging industries with tetra packaging and printing tags to track the parcel are witnessing growth due to the rising penetration from untapped markets. First-mover advantage in untapped regions and relatively low acquisition costs remain key driving forces in this application market. Furthermore, R&D in Diamond Coatings will support the growth of the Flexible Printing Inks Market.

Flexible Printing Inks Market Segment Analysis - By Geography

Asia-Pacific (APAC) dominated the Flexible Printing Inks Market consisting share of 40% followed by North America and Europe during the forecast period. APAC as a whole is set to continue to be one of the largest and fastest growing food packaging markets globally because of increasing the standard of living of the people and changing preference. In APAC, China is driving much of the Flexible Printing Inks Market demand in Asia-Pacific region followed by India and Japan. Of the five fastest growing regions in printing inks sector, other than U.S all constitute Asian countries including China and India who majorly drive the demand for flexible printing inks on different material in these regions. The strong and healthy growth in industrial sector is associated with growing population and middle-class economy which tend to drive Flexible Printing Inks Market. The number of manufacturing units that have illuminated flexible printing ink market is growing sharply in APAC region.

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Flexible Printing Inks Market Drivers

Rise in Demand for flexible packaging in different industries

Industrialization has led to the increase in demand for flexible printing inks in various industries like pharmaceuticals, food & beverages and cosmetics. The new age digital and innovative techniques are changing the new trends and making the packaging more attractive and catching the eyes of the customers. The new techniques involve high profile sealing, strength, moisture prevention, aroma prevention and also the new world of tetra packaging.

Rise in Consumer Spending will drive the Market

Flexible inks in packaging and labelling are used more often as consumer spending increases for products and services. Packaged food consumption has risen in emerging economies as disposable income has increased and people's lifestyles have changed. The need for labelling has increased as a result of the vast amount of packaged food, which is fueling market growth. Thus, the market gains substantial momentum due to the exponential growth of the packaging industry.

Flexible Printing Inks Market Challenges

Stringent Regulation from government authorities

The water based flexographic inks are hazardous to the environment due to the emission of volatile organic compounds (VOC). VOC is used in the flexible printing because it provides good adhesion on plastics. The oxidation of VOC and other pollutants are oxidizing the air pollution. FDA has also shown concern over VOC and asked the companies to minimize the use because of growing health concerns, which in turn has hampered the growth of the market.

Flexible Printing Inks Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Flexible Printing Inks Market. Major players in the Flexible Printing Inks Market are DIC Corporation, T&K TOKA Co. Ltd, INX International Corporation,Sun Chemical Corporation, TOYO Ink Group, Altana AG, Huber Group, Siegwerk Druckfarben AG & Co. KgaA, Wikoff Color Corp, Flint Group and Others.

Developments

• The flexible printing industry has faced increasing regulatory scrutiny related to food safety, product labelling, and environmental regulations. Manufacturers and converters must adhere to strict compliance standards, such as FDA regulations in the United States and EU directives in Europe, to ensure the safety and quality of printed packaging materials.
• Innovations in material science have led to the development of new substrates and coatings that offer enhanced properties such as barrier protection, heat resistance, and durability. These advancements enable flexible packaging to meet the stringent requirements of various industries, including food and beverage, pharmaceuticals, and personal care.

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