Water-Based Inks Market Anticipated to Reach New Heights
The water-based inks market is anticipated to grow at a compound annual growth rate (CAGR) of 7.2% over the course of the forecast period, reaching a value of around US$21.72 billion by 2030.
The market for water-based inks has grown significantly in the recent past due to the expansion of flexible packaging, rising demand for printing inks, and growing environmental and safety concerns. Polyethylene film substrates were used to print water-based ink formulations made with surfactant, wax, and deformer additives.
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Market Factors and Limitations for Water-Based Inks
Because of the water-based inks market’s great potential and consistent growth, the global market has grown more competitive and price-sensitive. Hazardous waste is reduced when water-based inks are used. The market is anticipated to rise significantly due to the rising demand for environmentally friendly inks in developing nations like North America and Asia Pacific. The primary disadvantage of water-based inks is their slow drying and printing speeds. Because water-based inks are soluble in alkaline solutions and cannot wet and print smoothly on challenging surfaces due to the high surface energy of water molecules, their application is restricted to very alkaline settings.
Waterbased Inks Market Regional Insights
Vietnam: Water-Based Inks Opportunities
Vietnam’s expanding manufacturing sector, particularly in packaging and textiles, presents significant opportunities for water-based inks. The country’s commitment to sustainable industrial practices is expected to drive the adoption of eco-friendly printing solutions.
Thailand: Water-Based Inks Growth
Thailand’s robust packaging industry is a key driver for the water-based inks market. The nation’s focus on reducing environmental impact aligns with the increased use of sustainable printing inks.
Japan: Water-Based Inks Trends
Japan’s advanced technological landscape and emphasis on innovation have led to the development of high-quality water-based inks. The country’s printing industry is witnessing a shift towards eco-friendly solutions, reflecting global sustainability trends.
South Korea: Water-Based Inks Consolidation
South Korea’s electronics and packaging industries are significant consumers of water-based inks. The nation’s dedication to environmental sustainability is fostering the consolidation of eco-friendly printing practices.
𝐂𝐥𝐚𝐢𝐦 𝐘𝐨𝐮𝐫 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐚𝐧𝐝 𝐆𝐫𝐚𝐩𝐡𝐢𝐜𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐇𝐞𝐫𝐞: https://www.maximizemarketresearch.com/request-sample/41006/
Singapore: Water-Based Inks Updation
Singapore’s strategic initiatives to enhance its manufacturing capabilities include the adoption of advanced and sustainable materials. The country’s focus on high-value manufacturing supports the integration of water-based inks in various applications.
United States: Water-Based Inks Developments
The United States is witnessing significant developments in the water-based inks market, driven by advancements in sustainable packaging and printing technologies. The country’s regulatory framework supports the growth of eco-friendly printing solutions.
Europe: Water-Based Inks Innovations
Europe’s emphasis on environmental sustainability and technological innovation has led to increased utilization of water-based inks. The region’s packaging and publishing industries are at the forefront of adopting eco-friendly printing practices.
Recent Developments
Mergers and Acquisitions: The water-based inks industry has seen strategic mergers and acquisitions aimed at expanding product portfolios and enhancing technological capabilities. For instance, in March 2023, Toyo Ink SC Holdings Co., Ltd. announced the acquisition of Thai Eurocoat Ltd., strengthening its position in the Southeast Asian market.
𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐚𝐝𝐝𝐢𝐭𝐢𝐨𝐧𝐚𝐥 𝐝𝐞𝐭𝐚𝐢𝐥𝐬 𝐛𝐲 𝐜𝐥𝐢𝐜𝐤𝐢𝐧𝐠 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤 𝐩𝐫𝐨𝐯𝐢𝐝𝐞𝐝: https://www.maximizemarketresearch.com/request-sample/41006/
Waterbased Inks Market Segmentation
by Resin Type
Acrylic
Polyester
Maleic
Others
by Technology
Flexography
Gravure
Digital
Others
Regarding technology, one of the most widely used methods for printing materials including paper, plastic, and paperboard is flexography printing. Because flexography technology can print on a wide range of substrates and uses environmentally friendly printing inks, such as water-based inks, its market share is expected to grow over the course of the projection period. Throughout the projected period, the segment will be driven by the expansion of the flexible tags and labels and package printing industries.
by Application
Packaging
Publication
Tags & Labels
Others
Waterbased Inks Market Key Players
1.Sun Chemical Corporation
2.Flint Group
3.Siegwerk Druckfarben AG & Co. KGaA
4.Toyo Ink SC Holdings Co.
5.Huber Group
6.Wikoff Color Corporation
7.Doneck Euroflex S.A.Sebek Inks
8.Dolphin Inks
9.BCM Inks
10.Chimigraf
11.Group (Luxembourg)
12.DIC Corporation
13.Sakata Inx
14.T&K Toka (Japan), and others
15..Siegwerk
16.Dow Corning Corporation
17.Evonik Industries AG
18.Fujifilm Holdings Corporation
19.American Inks & Technology
20.Wikoff Color Corporation
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Key questions answered in the Waterbased Inks Market are:
- What is Waterbased Inks?
- What are the different segments of the Waterbased Inks Market?
- What growth strategies are the players considering to increase their presence in Waterbased Inks?
- What are the upcoming industry applications and trends for the Waterbased Inks Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Waterbased Inks Market?
- Who are the key players in the Waterbased Inks market?
- What major challenges could the Waterbased Inks Market face in the future?
Key Offerings:
- Past Market Size and Competitive Landscape
- Past Pricing and price curve by region
- Market Size, Share, Size & Forecast by Different Segment
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
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