Flexographic Printing Inks Market in North America to hit $3bn by 2024
Category: #headlines  By Deepak Pardhi  Date: 2019-08-08
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Flexographic Printing Inks Market in North America to hit $3bn by 2024

According to the Graphical Research new growth forecast report titled “North America Flexographic Printing Inks Market analysis based on Product, Application, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2018 – 2024”, estimated to exceed USD 3 billion by 2024.

Increasing demand for flexographic printing inks in cosmetic packaging has been driving the market. Rising usage of cosmetic products among self-conscious population is propelling the packaging industry.  For instance, U.S. cosmetic export in 2015 was over USD 2.0 billion in Asia Pacific countries such as Hong Kong, Japan, Korea, China, Malaysia, Vietnam, Thailand and Philippines.  U.S. cosmetic export to China in 2015 was over USD 500 million further export had increased as much as 62% in recent years among high potential markets such as Indonesia, China and Vietnam. Growing U.S. cosmetic export increases the usage of packaging materials accelerating the flexographic printing inks application in cosmetic industry.

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The market growth is hindered by stringent government regulation on plastic packaging materials. Few of the government agency such as EPA and FDA have implemented regulation limiting the applications of plastic packaging which may hinder market growth over the forecast timeframe.

U.S. has been one of the leading market of the industry, increasing usage of packaged food products in the region will substantially grow the market. Flexible packaging market has significant CAGR, the segment is likely to grow due to rise in consumption of beverage products. For instance, in 2017 acscan.org report, American Cancer Society stated that about 50% of the population consumes sugary drinks. Such trends exhibit that North America flexographic printing inks market have brighter scope in beverage packaging industry.

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Leading players present in the market are INX International Corporation, Wikoff Color Corporation, Sun Chemical Corporation, etc. Small and medium scale market players are also present in the industry which significantly contributes toward market share.

Segments we cover:

North America Flexographic Printing Inks Market by Product

  • Water-based inks
  • Solvent-based inks
  • UV-cured inks

North America Flexographic Printing Inks Market by Application

  • Packaging
  • Others

Browse Table of Contents @ https://www.graphicalresearch.com/table-of-content/1095/north-america-flexographic-printing-inks-market

Related Reports:

Apac Intelligent Vending Machine Market : https://www.graphicalresearch.com/industry-insights/1201/apac-intelligent-vending-machine-market

Europe Intelligent Vending Machine Market : https://www.graphicalresearch.com/industry-insights/1202/europe-intelligent-vending-machine-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 Us:

Parikhit B. 
Corporate sales, 
Graphical Research 
Email: [email protected] 
Web: https://www.graphicalresearch.com

 

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About Author

Deepak Pardhi    

Deepak Pardhi

Deepak Pardhi carries a brief yet notable experience in the digital marketing domain having worked on several projects across a range of niche verticals. Deepak is endorsed with a B.Tech degree in electrical & electronics engineering.

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