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New Product Development, Acquisition and Expansion Are the Strategies in Order to Achieve Growth in the Flexographic Ink Market
The flexographic ink market is dominated by respective global players along with the presence of few regional players in the key growth markets. The Europe region is the largest market, followed by North America in the global flexographic ink market.
The key companies in this market are Flint Group (Luxembourg), DIC Corporation (Japan), Siegwerk Druckfarben AG & Co. KGaA (Germany), Sakata Inx (Japan), Toyo Ink S.C. Holdings(Japan), T&K Toka (Japan), and others. They are the most active and major players in the flexographic ink market.
New product development were the key strategy adopted by industry players in order to achieve growth in the flexographic ink market. This strategy accounted for major share of all growth strategies adopted by market players. The high demand for flexographic ink as well as the growing demand from paperboard application, flexible packaging and corrugated cardboard has encouraged companies to adopt this strategy. Market players are focusing on entering new markets by acquiring companies thus, enhancing their flexographic ink product portfolio for different applications.
Besides new product development, companies adopted the strategy of acquisition, and expansion in order to expand their market share and distribution network. These market strategies by the leading players will increase their market share, thereby enhancing their global presence in the flexographic ink market.
Flexographic Ink Market by Technology (Water based, Solvent based, UV based), by Resin Type (Nitrocellulose, Polyamides, Polyurethane, Acrylic and Others) by Application (Corrugated Cardboards, Flexible Packaging, Tags & Labels and Folding cartons) - Global Forecast to 2020
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