Global Flexographic Ink Market is Estimated to Reach $16 Billion by 2025
Global report published by Accurize Market Research forecast that the global market is expected to reach $16 billion by 2025; growing at a CAGR of 4.7% from 2017 to 2025. By geography, the Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.
Rising demand from the packaging industry to drive the growth of the market
Mounting demand for UV-cured printing inks and expanding the packaging industry fuel the demand for the global flexographic ink market. Moreover, increasing population & consumer expenditure also boosts the growth of the market.
The global flexographic ink market has been bifurcated on the basis of resin type, technology, end-use industry, and geography. The resin type segment comprises polyurethane, nitrocellulose, polyamide, acrylic, and other resins. By technology, the market is categorized into solvent-based technology, water-based technology, and UV based technology. Further, the market is bifurcated by the end use industry into rigid packaging, flexible packaging, tags and labels, and paper printing.
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