Worldwide Market Reports added Latest Research Report titled “Flexographic Printing Inks Market – Global Industry Insights, Trends, Outlook, and Opportunity Analysis” to its Large Report database.
The Global Flexographic Printing Inks Market was valued at US$ 6.23 billion in 2016, according to a new report published by Coherent Market Insights. The global flexographic printing inks market has gained traction during the last five years, due to shifting consumer trend towards convenience and packed food. Packaging is also used as a primary tool for marketing and brand promotion, which attracts the attention and interest of buyers. This is projected to draw massive demand for flexographic printing inks. Increasing concerns over the high VOC emissions associated with solvent0-based ink may hinder this market from growing in the following years. This in turn, is fueling growth in demand for UV-cured printing inks due to zero VOC emissions. Also, the market leading manufacturers of this market involve in new product development to meet the rising demand of customer. For instance, in May 01, 2017, Sun Chemical—Introduce new high performance UV Flexo Inks during Label Summit in Latin America 2017.
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Water based inks accounts for the maximum share in flexographic printing inks market in 2016, followed by solvent based inks, according to the stats provided by Coherent Market Insights. This ink finds large applications in paper, newspaper and cardboard printings. Stringent government regulations and rising consumer awareness towards the use of low VOC inks in the cosmetics and food packaging is expected to fuel the market for water based inks in the product type segments, which in turn is expected to boost the market for global flexographic printing inks in the following years. For instance, The Canadian Environmental Protection Act, 1999 (CEPA 1999) enforce to protect the environment and health of Canadian by setting VOC concentration limits for 53 categories of architectural coatings.
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The U.S. and Japan are the largest markets for omega 3 ingredients. This is mainly attributed to high discretionary income and relatively high health awareness among the populace in these countries. China, India and Brazil are emerging economies that offer major potential for the omega 3 ingredients market. Germany and Israel have emerged as the key innovation hubs of the omega 3 ingredients industry. In Germany, the industry is driven by the joint venture of Royal DSM and Evonik in March 8, 2017, for omega 3 fatty acid products from natural marine algae for animal nutrition. This innovation will enable the production of omega 3 fatty acids for animal nutrition without using fish oil. Also, in May 6, 2014, AstraZeneca got approval of Epanova (omega 3 carboxylic acid), from U.S. Food and Drug Administration (FDA) which is used to lower the triglyceride level with severe hypertriglyceridemia.
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Key takeaways of the market:
• Asia-Pacific is projected to be the largest region in global Flexographic Printing Inks market. It accounted for around 38.5% of overall Flexographic Printing Inks market revenue in 2016. The market in this region is expected to be primarily driven by rampant growth of end-use industries in China, India, and ASEAN countries. The growing food & packaging end-use industries, rising e-commerce, growing demand for low VOC content inks are some of the key drivers for the growth of Flexographic Printing Inks in the Asia-Pacific region.
• The market in Latin America is expected to register a significant growth rate over the forecast period. Rise in discretionary income along with increasing in retail sector is expected to create lucrative growth opportunities for the players in this region.
• Flexible packaging industry is one of the key industries for the use of Flexographic Printing Inks. Rapid growth of food & beverage and retail industry in Asia-Pacific and North America is expected to enhance the growth of Flexographic Printing Inks in the forecast period. According to India Brand Equity Foundation (IBEF) is a Trust established by the Department of Commerce, Ministry of Commerce and Industry, Government of India, the India’s retail market is projected to reach US$ 1 trillion by 2020 from US$ 600 billion in 2015, due to rising income, urbanization and attitudinal shifts across the region .
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