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Global Waterbased Inks Market
Water-based Inks Market was valued US$ XX Bn in 2018 and is expected to reach US$ XX Bn by 2027, at CAGR of 7.2 % during forecast period of 2019 to 2027.
The Water-based Inks Market has witnessed considerable growth in latterly because of growth in flexible packaging, increasing demand for printing inks, and rise in environment and safety issues are main factors that drive the growth for water-based inks market. Water-based ink formulations consist of surfactant, wax, and deformer additives were prepared and printed on polyethylene film substrates.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
Water-based Inks Market Drivers and Restrains
The Global Water-based Inks Market has become more competitive and price-sensitive owing to the high potential and steady growth of the Water-based Inks Market. Use of water-based inks decreases amount of hazardous waste. The water-based inks market is expected to register substantial growth because of increase in demand ...
... for environment friendly inks in emerging economies such as Asia Pacific and North America. Slow drying and printing speed is the main drawback of Water-based Inks. The use of water-based inks is limited around highly alkaline environments as these inks are soluble in alkaline solutions, such inks cannot wet and print smoothly on difficult substrates owing to high surface energy of water molecules. The above mentioned factors hamper the growth of the water-based inks market.
However, continuous innovation in water-based inks such as development of pH stable inks and improvement in resins utilized in ink formulation offer potential growth opportunities for market expansion. The UV-cured printing inks are a superior alternative to traditional inks, they are used in various printing processes such as inkjet, gravure, and flexography, as they offer several benefits over the Water-based Inks. UV-cured inks do not contain Volatile Organic Compounds (VOC), since drying process is faster. The above mentioned factors are restrain the water-based inks market during the forecast period.
Water-based Inks Market Segmentation Analysis
Among all the segments of resin type, Acrylic was highly demanding segment according to analysis of the global water-based inks market in 2018 and this trend is likely to continue during the forecast period because of rise in mandate for acrylic resin-based inks from the global packaging industry. Acrylic resins offer soft-film ink polymers, dry quickly, with excellent resistance to ice water crinkles, high adhesion and pH stability.
In terms of technology, the flexography printing technology is one of the broadly used in printing processes such as paper, plastic, and paperboard. Market share of the flexography technology segment is projected to increase during the forecast period thanks to its ability to print of a wide variety of substrates and usage of eco-friendly printing inks for example water-based printing inks. Growth of flexible tags & labels and packaging printing industries is drive the segment during the forecast period.
Among all the segments of Application, the packaging segment is expected to grow at the highest XX% CAGR during the forecast period, thanks to increasing demand for flexible packaging in the food and beverages sector due to its esthetic appeal and less weight, is expected to fuel the demand for packaging in the next few years. The packaging segment comprises flexible packages, tags, corrugated containers, labels, metal cans, and folding cartons.
Water-based Inks Market Regional Analysis
Among all the regions, the Asia Pacific had the largest market share in 2018 and is projected to lead the market during the forecast period, Because of development of packaging and newspaper industries and presence of major industrialists of water-based inks, mandate for water-based inks in these regions is expected to rise in recent few coming years. Expansion of the market is attributed to the growth in the packaging industry. North America is the second largest market in the Water-based Inks Market and accounted for XX% shares in 2018, nearly follow Asia Pacific in terms of profits.
The objective of the report is to present comprehensive analysis of Water-based Inks Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers. The report also helps in understanding Water-based Inks Market dynamics, structure by analyzing the market segments, and project the Water-based Inks Market size. Clear representation of competitive analysis of key players by Water-based Inks Type, price, financial position, product portfolio, growth strategies, and regional presence in the Water-based Inks Market make the report investor’s guide.
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Scope of the Water-based Inks Market
Water-based Inks Market, by Resin Type
• Others (including Polyurethane and Phenolic)
Water-based Inks Market, by Technology
• Others (including Screen Printing, Sheet-fed Printing, and Offset Printing)
Water-based Inks Market, by Application
• Tags & Labels
• Others (including Decorative and Product)
Water-based Inks Market, by Region
• Asia Pacific
• North America
• Latin America
• Middle East Africa
Water-based Inks Market, Major Players
• Sun Chemical Corporation
• Flint Group
• Siegwerk Druckfarben AG & Co. KGaA
• Toyo Ink SC Holdings Co.
• Huber Group
• Wikoff Color Corporation
• Doneck Euroflex S.A.Sebek Inks
• Dolphin Inks
• BCM Inks
• Group (Luxembourg)
• DIC Corporation
• Sakata Inx
• T&K Toka (Japan), and others
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