This information is based on the findings of a report published by Transparency Market Research titled “Flexographic Printing Inks Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 - 2020.” According to the report, the global flexographic printing inks market is expected to rise from US$7.13 bn in 2015 to US$9.32 bn by 2020. By product, the water-based ink segment is expected to lead and account for 48.2% of the market by 2020, even though there will be a decline in its market by 1.4%. The decrease in the market share can be attributed to the growing demand for products that have lesser volatile organic compounds (VOC) content. By geography, Asia Pacific led in the past and is expected to continue to do so in the coming years. Asia Pacific is the expected to account for 39.7% of the global flexographic printing inks market by 2020. On the basis of application, the packaging segment is expected to account for 85.9% of the market by 2020.
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