The Latest Flexo Ink Industry Statistics Explained
As of 2020, the flexo ink market size was estimated to be $11.3 billion.
The statistic “As of 2020, the flexo ink market size was estimated to be $11.3 billion” indicates the total value of the flexographic ink industry worldwide in the year 2020. This figure represents the combined revenue generated by companies that produce and sell flexo inks for packaging, labeling, and printing applications. The market size of $11.3 billion reflects the demand for flexo inks across various industries and regions, highlighting the significant role that flexographic printing plays in the global printing market. This statistic serves as a key metric for understanding the scale and economic impact of the flexo ink industry in the year 2020.
The global flexo ink industry is expected to grow at a CAGR of 4.7% from 2021 to 2026.
This statistic indicates that the global flexo ink industry, which refers to inks used in flexographic printing processes, is projected to experience a Compound Annual Growth Rate (CAGR) of 4.7% from the year 2021 to 2026. This suggests that the industry is expected to expand at a steady annual rate during this five-year period. The growth rate of 4.7% reflects the anticipated overall increase in demand for flexo inks driven by factors such as technological advancements, expanding packaging and labeling industries, and a shift towards eco-friendly and sustainable packaging solutions. This statistic provides valuable insights for stakeholders in the flexo ink industry, enabling them to assess market opportunities, make informed business decisions, and strategically plan for the future.
Water-based inks occupy the largest market share, accounting for 44.3% of the flexo inks market in 2020.
The statistic indicates that water-based inks hold the highest market share within the flexo inks market, representing 44.3% of total sales in 2020. This data suggests that water-based inks are the most commonly utilized type of ink within the flexographic printing industry. The high market share of water-based inks may be attributed to their environmentally-friendly properties, such as being non-toxic and producing lower levels of volatile organic compounds compared to solvent-based inks. Furthermore, the growing emphasis on sustainable and eco-friendly practices in industries like packaging and labeling may have contributed to the popularity and dominance of water-based inks within the flexo inks market.
The packaging segment accounted for the majority (over 80%) of the flexographic ink market demand in 2019.
The statistic indicates that in 2019, the packaging segment was the largest consumer of flexographic ink, representing more than 80% of the total market demand for this type of ink. This suggests that the packaging industry is the primary driver of demand for flexographic ink, likely due to the widespread use of flexographic printing in packaging materials such as labels, corrugated boxes, and flexible packaging. This data highlights the significant role that packaging plays in the flexographic ink market and underscores the importance of this industry sector in driving the overall demand for flexographic inks.
North America was the largest regional market for flexographic ink in 2020, owing to the robust packaging industry.
The statistic indicates that in 2020, North America emerged as the leading regional market for flexographic ink, primarily attributed to its strong packaging industry. This suggests that the demand for flexographic ink, which is commonly used in printing on packaging materials, was highest in North America compared to other regions globally. The robustness of the packaging industry in North America likely drove the increased consumption of flexographic ink, showcasing the significance of the region as a key player in the global market for this particular product.
The Asia-Pacific flexo ink industry is projected to grow at a notable rate due to increasing demand from India and China.
The statistic indicates that the flexo ink industry in the Asia-Pacific region is anticipated to experience significant growth in the foreseeable future, primarily driven by escalating demand from two major markets, India and China. Flexo ink is a key component used in the printing industry, especially in packaging materials such as cartons, labels, and corrugated boxes. The expected growth in demand from these countries suggests a flourishing printing industry and an increasing need for high-quality packaging solutions. This growth projection highlights the potential opportunities for businesses operating in the flexo ink sector to expand their market presence and cater to the rising demand in these key markets.
Flexographic ink utilization in corrugated containers was valued at $1.1 billion in 2020.
The statistic indicates that in 2020, the total market value of flexographic ink utilization specifically in the production of corrugated containers amounted to $1.1 billion. Flexographic ink is a type of ink commonly used in the printing of packaging materials such as corrugated containers due to its cost-effectiveness and ability to adhere well to a variety of substrates. This statistic highlights the significant economic contribution of flexographic ink usage in the corrugated container industry, emphasizing the scale of the market and the importance of this specific application within the broader printing and packaging sectors.
By 2026, the UV curable inks segment is forecasted to reach a market size of US$3.5 billion.
The statistic suggests that the market for UV curable inks is expected to grow steadily over the next few years, with a projected market size of US$3.5 billion by 2026. This growth indicates a strong demand for UV curable inks, which are generally used in printing applications that require quick drying times and high-quality results. Factors such as increasing adoption of UV curable inks in various industries, technological advancements in the ink industry, and a shift towards more eco-friendly and sustainable printing solutions may contribute to the forecasted market expansion. This statistic can serve as an indicator for businesses and investors looking to capitalize on the growing market for UV curable inks.
In 2020, water-based flexo ink segment commanded for nearly 70% market share.
The statistic ‘In 2020, the water-based flexo ink segment commanded nearly 70% market share’ indicates that in the year 2020, the water-based flexo ink sector held a dominant position in the market, accounting for the majority share of approximately 70%. This suggests that water-based flexo inks were highly preferred and widely used among consumers and manufacturers in the printing industry during that period. The significant market share held by water-based flexo inks signifies a strong demand for environmentally friendly and sustainable ink solutions, as water-based inks are known for their lower levels of volatile organic compounds (VOCs) and overall environmental impact compared to traditional solvent-based inks.
The segmentation by application indicates that flexible packaging held over 35% of the market share in 2019.
The statistic that the segmentation by application indicates flexible packaging held over 35% of the market share in 2019 suggests that within the packaging industry, flexible packaging emerged as a dominant player. This data highlights the popularity and widespread usage of flexible packaging solutions compared to other types of packaging materials such as rigid containers or boxes. Companies and consumers alike may be increasingly choosing flexible packaging due to its advantages such as convenience, cost-effectiveness, and sustainability. This statistic can provide valuable insights for businesses operating in the packaging sector, informing their strategic decision-making and potential opportunities for growth and innovation within the flexible packaging market segment.
The overall demand for flexographic printing inks reached approximately 1.14 million tons in 2018.
The statistic implies that the total demand for flexographic printing inks, a type of ink commonly used in packaging and label printing, amounted to around 1.14 million tons in the year 2018. This figure represents the total quantity of flexographic printing inks that was sought after and utilized in various industries during that time period. The high volume of demand suggests a strong market for flexographic printing inks, indicating their importance and widespread usage in the printing industry. Monitoring trends and fluctuations in this demand can provide valuable insights into the health and growth of the printing industry as a whole.
Solvent-based flexographic inks held more than 15% of the market share in 2018.
The statistic indicates that in 2018, solvent-based flexographic inks accounted for more than 15% of the total market share in the industry. This suggests that solvent-based inks were a significant player in the market relative to other types of inks available. Companies producing and utilizing solvent-based inks likely had a considerable influence on the industry during that year, potentially due to factors such as cost-effectiveness, performance capabilities, or customer preferences. This statistic provides valuable insights into the market dynamics and competitive landscape within the flexographic ink industry in 2018.
The flexo ink industry in Africa is expected to reach $600 million by 2026.
This statistic indicates the projected market size for flexo ink in Africa by the year 2026, with an expected value of $600 million. This suggests a substantial growth potential for the industry within the specified timeframe, likely driven by factors such as increasing demand for packaging materials, advancements in printing technologies, and overall economic development in the region. The estimated figure serves as a forward-looking indicator for stakeholders and investors in the flexo ink industry, providing insight into potential opportunities and market trends in Africa over the coming years.
The flexographic ink market in the Middle East & Africa stood at over USD 370 Million in 2020.
This statistic indicates that in 2020, the value of the flexographic ink market in the Middle East & Africa region exceeded $370 million. Flexographic ink is commonly used in the printing industry for packaging materials such as boxes, labels, and flexible packaging. The figure highlights the significant size and importance of the market for flexographic ink in the region, suggesting a growing demand for packaging materials and printing services. This statistic serves as a key indicator of the economic activity and potentially the scale of the printing and packaging industry in the Middle East & Africa region.
The tag and label industry occupies nearly one-third (33%) of the flexographic inks market.
This statistic highlights the significant market share held by the tag and label industry within the flexographic inks market, amounting to nearly one-third or 33%. Flexographic inks are commonly used for printing on a variety of materials, including labels, tags, and packaging. The dominance of the tag and label sector in this market suggests its key role in driving demand for flexographic inks. This may be attributed to the widespread use of tags and labels across various industries, such as retail, food and beverage, and pharmaceuticals, indicating the importance and large-scale adoption of these printing materials in the market.
In 2019, China was the country with the highest demand for flexo inks in Asia-Pacific.
The statistic “In 2019, China was the country with the highest demand for flexo inks in Asia-Pacific” indicates that among the countries in the Asia-Pacific region, China had the greatest need for flexographic inks in that particular year. Flexographic inks are commonly used for printing on various packaging materials such as cardboard, labels, and plastics. This statistic implies that the printing industry in China, particularly for packaging materials, was significant and required a substantial amount of flexographic inks to meet the demand. This information could point towards the scale of the packaging industry in China, highlighting its importance in the region’s economy and potentially indicating trends in consumer goods production and export.
The overall annual growth rate of the global flexographic ink market is projected at around 5% from 2020 to 2026.
The statement indicates that the global flexographic ink market is estimated to experience an average annual growth rate of approximately 5% from the year 2020 to 2026. This statistic suggests that the market is expected to expand steadily over the specified time period. A growth rate of 5% signifies that the market is foreseen to increase by that percentage every year on average. This projection can be of interest to investors, industry experts, and stakeholders in the flexographic ink sector as it provides insights into the potential growth opportunities and trends in the market during the specified timeframe.
The market size for flexo ink in Europe was valued at $4.2 billion in 2020.
The statistic stating that the market size for flexo ink in Europe was valued at $4.2 billion in 2020 indicates the total monetary value of all sales of flexo ink in Europe during that specific year. This figure represents the amount of money spent by buyers in the European market on flexographic printing ink products. It provides a snapshot of the scale and economic significance of the flexo ink industry within Europe, reflecting the demand for these products and the overall size of the market. This statistic is crucial for industry stakeholders, businesses, and policymakers to understand the scope and potential opportunities within the flexo ink market in Europe.
The use of UV-cured flexo inks has grown in response to increasing legislative and market pressures on the emissions of VOCs (Volatile Organic Compounds); it’s anticipated that this type of ink will grow at a CAGR of 5.1% from 2021 to 2026.
The statistic indicates that there has been a growing adoption of UV-cured flexo inks due to the rising regulatory and market demands for reducing the emissions of VOCs. This trend is expected to continue, with a projected Compound Annual Growth Rate (CAGR) of 5.1% for UV-cured flexo inks from 2021 to 2026. The anticipated growth underscores the industry’s commitment to sustainability and environmental compliance, as UV-cured inks are known for their lower VOC emissions compared to traditional inks. This shift not only reflects the industry’s responsiveness to stricter regulations but also aligns with consumer preferences for eco-friendly products, driving the increasing demand for UV-cured flexo inks in the market over the forecast period.
Conclusion
Overall, the statistics presented in this blog post shed light on the current state of the flexo ink industry. With insights into market size, growth trends, key players, and technological advancements, it is evident that the industry is poised for continued expansion and innovation. As businesses and consumers alike demand more sustainable and high-quality printing solutions, the flexo ink industry is well-positioned to meet these needs. Stay tuned for further updates and analysis as this dynamic industry continues to evolve.
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