FLEXOGRAPHIC PRINTING INKS MARKET ANALYSIS

Flexographic Printing Inks MarketSize and Trends

Flexographic Printing Inks Market Report Coverage

Global Flexographic Printing Inks market was valued at US$ 10.0 Bn in 2022, exhibiting a CAGR of 6.13 % in terms of revenue, over the forecast period (2023 to 2030) to reach US$ 16.1 Bn by 2030.

Market Trends

• Product innovation by major players

Product innovation by major players is a major trend in the market of flexographic ink. For instance, in August 2019, Sun Chemical launched SolarVerse, a new range of UV flexo base concentrates, at Labelexpo in Belgium. The range includes a range of standard and resistant pigments that cover a broad color range. The technology is intended to increase ink system flexibility and to be easily dispensed through a standard UV flexo dispenser.

• Growing upper-middle populations across the developing region

Improving the standard of living coupled with the growing upper-middle populations across the developing region has propelled the growth of the various end user industries, this is, in turn, expected to foster market growth. According to the United Nations, 68% of the world population is projected to live in urban areas by 2050. Thus, growth in the urban population is anticipated to propel the market growth over the forecast period.