FMN | April 17th, 2017

An N.V. Publication FLEX

April 17, 2017

Vol. 19 No. 8

Market News

®

Serving The Flexographic Printing Industry In Print and Online at www.nvpublications.com

PMMI Explores Brand Protection by Greg Kishbaugh

Flexo Inks Market To Hit $11 Billion The Flexographic Printing Inks Market is estimated to surpass $11 billion by 2024 and grow at an an- nual rate of 5 percent over the peri- od of 2016-2024, according to a report from Fractovia. On the basis of products, the flex- ographic printing inks industry is segmented into solvent-based, water-based, and UV-curved type. In 2015, water-based f lexographic printing inks market led the overall industry. Water-based product mar- ket is poised to see fast-paced growth due to favorable govern- ment regulations regarding the usage of low volatile organic com- pound-based inks. Solvent-based and UV-curved product are particularly preferred across the cosmetic and food packaging sectors. The Asia Pacific flexographic print- ing inks industry is expanding rapid- ly, having had more than 35 percent of the total volume in 2015. Chang- ing consumer lifestyle has positively impacted the end-user industries in the region. In addition to this, shift-

P MMI, The Association for Packaging and Processing Tech- nologies, has released The Brand Protection and Product Traceability infographic, which provides a visual snapshot of the issues facing converters and examines the complexities of

brand protection. The infographic is based on data from PMMI’s 2016 Brand Protection and Product Traceability market research report. “The need for brand protection and product traceability has a huge impact on the supply chain,” said Jorge Izquierdo, Vice President, Global Marketing, PMMI.“With the average cost of a recall for a food company being $10 million or more in direct costs, business interruption, brand damage and lost sales, the FDA Food Safety Modernization Act (FSMA) is driving food & beverage (especially food) suppliers toward more track and trace in order to better trace accountability for losses.” The infographic looks at the impact of several areas on the supply chain. Food recalls in the United States have grown four- fold in the past years, and 7 percent of products in grocery (Cont’d on Page 4)

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