March 31, 2020
As per the report titled ‘Europe Flexographic Printing Inks Market Size By Application, By Product, By Regional Outlook– Industry Report, Growth Analysis & Forecast, 2018 – 2024’, available with Market Study Report LLC, Europe flexographic printing inks market is anticipated to surpass USD 3.5 billion by the year 2024.
Growing preference for convenient packaging and handling of various FMCG products is driving the growth of flexographic printing inks market in Europe. Packaging materials including pouches which are lightweight, inexpensive, and resealable, require high quality flexographic printings. Changing corporate lifestyle coupled with increasing consumption of packaged foods will foster the growth of flexible packaging industry, thereby boosting the demand for flexographic printing inks.
Rising purchasing power is also positively impacting the market outlook. Shifting focus among manufacturers towards delivering high quality packaging for attracting consumers and improving product sales is further enhancing market growth.
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On the contrary, stringent regulations by the U.S. Environmental Protection Agency and Food & Drug Administration related to packaging materials used in food & beverage and cosmetic & personal care industries may restrain the growth of Europe flexographic printing inks market.
As per the report, solvent-based liquid inks market segment is projected to display strong growth trends over 2018-2024, as these inks find application in large substrates owing to their high durability and superior results. On the other hand, water-based inks segment is expected to gain a significant market share by the end of 2024, owing to the applicability of these inks on an array of packaging materials.
Major players functioning in Europe flexographic printing inks industry are Zeller+Gmelin GmbH, A.M. Ramp u. Co. GmbH (RUCO Druckfarben), Flint Group, Siegwerk Druckfarben AG & Co. KGaA, and Altana AG.
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