Flexographic Printing Inks Market To Exceed $11 Billion The flexographic Printing Inks Market is slated to exhibit a remarkable growth rate over the coming seven years, owing to increasing product demand from the lucrative food packaging sector. Changing business trends to acquire a stronger consumer base by ensuring attractive packaging will influence the industry share notably, according to a new report from Global Market Insights. The flexible packaging segment of the flexo indus- try will exhibit a Compound Annual Growth Rate of more than 4 percent over the coming years of 2016 to 2024, owing to its significant usage in the pharma- ceutical, food & beverage, cosmetic, and retail sectors. UV cured products will register the highest annual growth rate of 6 percent over the period of 2016 to 2024. Strict government legislations regarding the limitations on VOC based inks will also favor the water-based f lexographic printing inks market growth. Regionally, the European flexographic printing inks industry is expected to register an annual growth rate of more than 4.5 percent over the period of 2016 to 2024. Germany and France will be the promi- nent revenue contributors of Europe flexographic inks industry. Asia Pacific dominated the regional landscape by ac- counting for 35 percent of the global flexographic printing inks market share in 2015 and is predicted to exhibit noticeable growth rate over the coming years. Many of the consumer-based industries such as food & beverages, cosmetics, and pharmaceuticals are using flexographic printing technology for the packaging of products, which will also influence flexographic printing inks industry size significantly. The presence of numerous packaged food industries will stimulate North America flexographic printing inks market value over the coming timeframe. U.S. will contribute considerably toward the regional share. Cartonéo Installs Esko Cutting Table Cartonéo, a French company based in the Jura Mountains, has invested in Esko production work- flow automation and a Kongsberg C66, Esko’s largest robotic cutting table. Cartonéo specializes in the manufacture of point of sale (POS) and point of infor- mation (POI) materials from flat and corrugated card- board. Its customers come from sectors such as the food, automobile, cosmetics, wine and spirits and pharmaceutical industries.
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6 January 22, 2018 Flexo Market News
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