Market Size of Flexographic Ink Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 5.00 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Flexographic Ink Market Analysis
The market for flexographic ink is expected to register a CAGR of about 5 % globally during the forecast period. Increasing demand for UV-curable inks, along with the growing demand from the packaging industry, are driving the market growth. On the flip side, environmental restrictions for solvent-based inks and unfavorable conditions arising due to the COVID-19 outbreak are hindering the growth of the market.
- The flexographic ink market is expected to grow during the forecast period, owing to the increasing demand from the packaging industry.
- The Asia-Pacific region represents the largest market and is also expected to be the fastest-growing market over the forecast period, owing to the increasing consumption from countries, such as China, India, and Japan.