Overnight Labels Adds Nilpeter Press
the customers who buys from e-commerce web- sites tends to return their package if they don’t like the packaging. This aforementioned situation creates new oppor- tunities for the packaging market, which will posi- tively inf luence the f lexographic printing inks market size by 2024. Based on products, water-based inks are projected to grow at a CAGR over 4.5 percent by 2024. Solvent- based inks accounted for more than 25 percent of the total flexographic printing inks market share in the forecast period. Packaging applications registered for more than 28 percent of the global flexographic inks market size by 2024. Strong growth in the food & beverage, cos- metic and pharmaceutical industry along with in- creasing packaging demand in these industries will boost the industry growth in the forecast timeframe, according to the report. The Asia Pacific flexographic printing inks market size was more than $3 billion in 2017 in the forecast period. Sturdy growth in the food & beverage, phar- maceutical and cosmetic industry, particularly due to improved consumer lifestyles, is the major factor con- tributing industry growth in the region.
Overnight Labels, Deer Park, New York, a full-ser- vice, label and flexible packaging printing company, has added a 13th press, a new Nilpeter FB 4200. It is an 8-color press with UV and hot air drying for UV and water-based inks. This machine can run labels, shrink sleeves and flexible packaging, and is ONL’s 6th Nilpeter press. Flexographic Printing Inks Market To Hit $14B By 2024 The flexographic Printing Inks Market is expected to cross $14 billion by 2024, according to a new re- search report by Global Market Insights, Inc. Strong product demand in the flexible packaging industry will drive the flexographic printing inks market size in the forecast period. The flexographic printing inks has its extensive application in the packaging of products in food & beverage and cosmetics industry. The rise in the numbers of e-commerce websites has amplified the package printing opportunities. For instance, a survey from Pack Expo shows that 34 percent of
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