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Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....
Water Based Inks Market: By Process, By Resin Type, By Application and by Geography
Water Based Inks Market: By Process, By Resin Type, By Application and by Geography
water based inks market size valued US$ 10.06 billion in 2022 and is expected to reach US$ 12.14 million by 2029, at a CAGR of 4% from 2023-2029. Growing demand for printing inks from the flexible packaging, increase in environment & safety issues, rising demand for environment-friendly inks and continuous product innovation such as the development of pH stable inks are some key factors fostering the market growth. However, factors such as inability to work around alkaline environment, slow drying and printing speed are hindering the market growth. This report studies global water based inks market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global water based inks market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated competition dashboard to assess the market competition. Moreover, PBI analyzed global water based inks market to better equip clients with possible investment opportunities across the regions (regional Investment hot spots) and market unmet needs (Product opportunities). The packaging is the calling card of a product. Its the first visual and tactile impression the prospective purchaser gains in the shop. Food packaging is an immensely important segment in the packaging sector because it addresses both people's basic needs and quality-of-life issues. It provides the consumer with a range of information that can be of crucial importance to their health the degree of freshness and ripeness, colour, shelf life, ingredients and nutritional values. Water based inks have been of more and more interest to the printing and ink industry, because of their environmental benefits. Compared with solvent-based inks, water-based inks have more complex formulations because of their higher surface tensions, lower drying speed, foaming problems, pH balance, and different rheological properties.
Study Period
2024-2030Base Year
2023CAGR
4%Largest Market
North-AmericaFastest Growing Market
Asia-Pacific
The drying time for water based inks is one of the main disadvantages compared to solvent based inks. Water-based ink dries too slow, poor drying which will lead to print, ink keep on with the guide roller on paper, print dull and in addition impact the trapping effect, leading to print quality. Hence, slow drying and printing speed hampers the market growth. Governments and global organizations are taking increasingly strict measures in response to the growing demand for more sustainable products and the need to balance environmental concerns with economic and social interests. In today’s packaging industry, these trends into significant drivers for growth opportunities.
Asia Pacific accounted for larger revenue share in global water based inks market with considerable CAGR. The growth in this region can be attributed to the presence of major manufacturers of water-based inks in the region and growth of packaging & newspaper industries. Also, North America held considerable market share during estimated period owing to growth of the advertisement sector and rise in investment in the marketing of food & beverages. Expansion of packaging industry is the other factor responsible for the market growth.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2022 |
US$ 10.06 billion |
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Market Size in 2029 |
US$ 12.14 million |
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Market CAGR |
4% |
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By Process |
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By Resin Type |
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By Application |
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The water-based inks market size was valued at US$ 10.06 billion in 2022
The water-based inks market's key players are: DIC Corporation (Japan) Dow Corning Corporation (U.S) Evonik Industries AG (Germany) Flint Group (Luxembourg) Huber Group (Germany) Sakata Inx (Japan) Siegwerk Druckfarben AG & Co. KGaA (Germany) T&K Toka (Japan) The Sherwin-Williams Company Toyo Ink S.C. Holdings (Japan)
The water-based inks market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.