Because
flexographic ink contains volatile organic compounds (VOCs), it is primarily
regulated by the FDA for use in food, beverage, and cosmetic labelling. This
could limit the market value of flexographic inks over the forecasted
timeframe. The medicine, on the other hand, has good drying properties that
allow for better and faster printing speeds. It's also required for high-speed
printing operations due to its proclivity for maintaining a strong grip on the
printing surface, which will accelerate the industry's scale in the near
future. Positive advancements in the packaging business will have a big impact
on the market value of flexographic printing inks.
Drivers
Flexographic
inks are predicted to expand in popularity due to their excellent drying
qualities, which increase the printing pace. Due to the increased demand for
high-speed printing techniques, flexographic inks are also becoming more
popular. As a result, the increased demand for high-performance printing inks
is expected to drive flexographic
inks market growth in the near future.
The
pharmaceutical industry's high demand for flexible packaging is propelling the
market for flexographic inks forward. In the packaging of medications and
medical devices, flexible packaging is used. The growing senior population is
pushing up demand for healthcare services, which is resulting in an expansion
of the pharmaceutical business. As a result, the pharmaceutical industry's rise
is fueling demand for flexible packaging, which is boosting the market for
flexographic inks.
Restraint
Mature
market in developed countries
In
industrialised economies such as North America, Europe, and Japan, the
packaging sector has reached the end of its commercial life cycle. This region
has limited development potential. Manufacturers are more likely to relocate
production units to developing nations than to established ones in order to
take advantage of untapped markets.
According to
industry experts, the flexographic ink market in industrialised countries has
reached saturation and is increasing at a slower rate than in developing regions
like Asia-Pacific and South America.
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