- Gravure
- Flexographic
- Offset Printing
- Digital
- Screen Printing
- Sheet-Feed Printing
- Others
Water-Based Printing Inks Market was valued at USD 9,457.8 million in 2023 and is poised to grow at a CAGR of 3.8% over 2024-2030. Water-Based Printing Inks are a type of ink that utilizes water as the main solvent for carrying pigment instead of plasticizer and lays down a thin, soft, flexible layer of ink on the substrate. The increased awareness of environmental issues to prevent the use of plastic and rising demand for more sustainable and eco-friendly products are expected to drive the market.
Furthermore, the increased demand for commercial printing in various industries along with priority to positive brand image and enhanced reputation among environmentally conscious customers is also expected to propel market. The rise in digital printing with enhanced quality, and environment-friendly prints on a variety of substrates has provided an opportunity for manufacturers and sellers in the market to formulate water-based digital printing equipment to enhance the market. Moreover, the application of water-based inks in various industries like food packaging, pharmaceuticals, and cosmetics for packaging solutions has created opportunities for water-based inks to replace traditional solvent-based options.
Additionally, the option of personalization, customization and flexibility to create vibrant, high-quality, and personalized prints are in trend in market that caters to consumer preferences for unique products. But longer drying time and non-adherence to some specific substrates compared to traditional procedures may hinder the market growth. However, the increased demand for packaging, increased penetration of the internet, awareness among consumers, technological and infrastructure development and increased disposable income are anticipated to heighten the market during the forecasted period.
Water-Based Printing Inks Market Key Developments:
- In May 2022, Siegwerk Druckfarben AG & Co acquired Italian ink manufacturer La Sorgente Spa, Siegwerk, a manufacturer of high-quality water-based flexographic inks for paper & board applications as well as solvent-based inks for flexible packaging
- In October 2020, Flint Group Packaging Inks, a manufacturer and seller of water-based inks for Flexographic applications to printers and converters across the United States acquired the Poteet Printing Systems LLC located in Charlotte, N.C
Water Based Printing Inks Market Summary
Study Period
2024-2030
Base Year
2023
CAGR
3.80%
Largest Market
Asia Pacific
Fastest Growing Market
Asia Pacific
Water-Based Printing Inks Market Dynamics
The market is expected to rise as the utilization of acrylic resins in the water-based inks. The use of acrylic resin for premium printed packaging in branding and advertising owing to its high gloss, water resistance, versatility, great press and shelf-life stability has led to a surge in market demand. The primary drivers of the printing industry's expansion at the moment are the expanding advertising requirements of businesses throughout the world and rapid technological development. Moreover, the acrylic resin provides exceptional properties like resistance to ice water crinkles, pH stability, and high adhesion. Furthermore, Acrylic-based water-based inks adhere to environmental laws because they contain a little volatile organic compound (VOC) that make it a preferable option for industry's shift to environmentally friendly printing methods.
Asia-Pacific Got Significant Share Of
Water-Based Printing Inks Market Regional Analysis
The North America dominates the market and grew at 3.7% CAGR over the historic years and is poised to grow at 3.9% CAGR over the forecast period owing to the growing consumer awareness and stringent regulations on VOCs emission in United States and Canada. In this region, the adoption of water-based inks might be influenced by factors such as regulatory frameworks, industrial growth, and consumer trends. The surge of the packaging industry in the U.S.A. has contributed tremendously to the regional market.
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The water-based printing inks market report provides granular level information about the market size, regional market share, historic market (2019-2023) and forecast (2024-2030)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments, and start-up details that are actively working in the market
- The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Water Based Printing Inks Market Segmentation
By Printing Process
By Application
- Corrugated Cardboards
- Flexible packaging
- Folding Cartons
- Tags & Labels
- Art
- Others
By Resin Type
- Acrylic
- Maleic
- Shellac
- Others
By End User
- Packaging Industry
- Textile Industry
Frequently Asked Questions
The Water-Based Printing Inks valued at USD 9,457.8 million in 2023 and is expected to grow at 3.8% CAGR over the forecast period 2024 – 2030.
The rise in digital printing with enhanced quality, and environment-friendly prints on a variety of substrates has provided an opportunity for manufacturers and sellers in the market to formulate water-based digital printing equipment to enhance the market.
The increased awareness of environmental issues to prevent the use of plastic and rising demand for more sustainable and eco-friendly products drive the market.
Evonik Industries AG, BASF, Toyo Ink SC Holdings Co., Ltd., Huber Group, The Sherwin-Williams Company, Dow Corning Corporation, T & K Toka Co., Ltd., Siegwerk Druckfarben AG & Co. KGaA, DIC Corporation, and Flint Group, Sakata Inx. are a few companies operating in Water-Based Printing Inks market.
| 1.Executive Summary |
| 2.Global Water Based Printing Inks Market Introduction |
| 2.1.Global Water Based Printing Inks Market - Taxonomy |
| 2.2.Global Water Based Printing Inks Market - Definitions |
| 2.2.1.Printing Process |
| 2.2.2.Application |
| 2.2.3.Resin Type |
| 2.2.4.End User |
| 2.2.5.Region |
| 3.Global Water Based Printing Inks Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Water Based Printing Inks Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Water Based Printing Inks Market By Printing Process, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Gravure |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Flexographic |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Offset Printing |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Digital |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Screen Printing |
| 5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 5.6. Sheet-Feed Printing |
| 5.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.6.3. Market Opportunity Analysis |
| 5.7. Others |
| 5.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.7.3. Market Opportunity Analysis |
| 6.Global Water Based Printing Inks Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Corrugated Cardboards |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Flexible packaging |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Folding Cartons |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Tags & Labels |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Art |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Others |
| 6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 7.Global Water Based Printing Inks Market By Resin Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. Acrylic |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Maleic |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Shellac |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Others |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 8.Global Water Based Printing Inks Market By End User, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. Packaging Industry |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Textile Industry |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 9.Global Water Based Printing Inks Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. North America |
| 9.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.1.3. Market Opportunity Analysis |
| 9.2. Europe |
| 9.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.2.3. Market Opportunity Analysis |
| 9.3. Asia Pacific (APAC) |
| 9.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.3.3. Market Opportunity Analysis |
| 9.4. Middle East and Africa (MEA) |
| 9.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.4.3. Market Opportunity Analysis |
| 9.5. Latin America |
| 9.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.5.3. Market Opportunity Analysis |
| 10.North America Water Based Printing Inks Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Printing Process Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Gravure |
| 10.1.2.Flexographic |
| 10.1.3.Offset Printing |
| 10.1.4.Digital |
| 10.1.5.Screen Printing |
| 10.1.6.Sheet-Feed Printing |
| 10.1.7.Others |
| 10.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Corrugated Cardboards |
| 10.2.2.Flexible packaging |
| 10.2.3.Folding Cartons |
| 10.2.4.Tags & Labels |
| 10.2.5.Art |
| 10.2.6.Others |
| 10.3. Resin Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Acrylic |
| 10.3.2.Maleic |
| 10.3.3.Shellac |
| 10.3.4.Others |
| 10.4. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Packaging Industry |
| 10.4.2.Textile Industry |
| 10.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.5.1.United States of America (USA) |
| 10.5.2.Canada |
| 11.Europe Water Based Printing Inks Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Printing Process Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Gravure |
| 11.1.2.Flexographic |
| 11.1.3.Offset Printing |
| 11.1.4.Digital |
| 11.1.5.Screen Printing |
| 11.1.6.Sheet-Feed Printing |
| 11.1.7.Others |
| 11.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Corrugated Cardboards |
| 11.2.2.Flexible packaging |
| 11.2.3.Folding Cartons |
| 11.2.4.Tags & Labels |
| 11.2.5.Art |
| 11.2.6.Others |
| 11.3. Resin Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Acrylic |
| 11.3.2.Maleic |
| 11.3.3.Shellac |
| 11.3.4.Others |
| 11.4. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.Packaging Industry |
| 11.4.2.Textile Industry |
| 11.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.5.1.Germany |
| 11.5.2.France |
| 11.5.3.Italy |
| 11.5.4.United Kingdom (UK) |
| 11.5.5.Spain |
| 12.Asia Pacific (APAC) Water Based Printing Inks Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Printing Process Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Gravure |
| 12.1.2.Flexographic |
| 12.1.3.Offset Printing |
| 12.1.4.Digital |
| 12.1.5.Screen Printing |
| 12.1.6.Sheet-Feed Printing |
| 12.1.7.Others |
| 12.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Corrugated Cardboards |
| 12.2.2.Flexible packaging |
| 12.2.3.Folding Cartons |
| 12.2.4.Tags & Labels |
| 12.2.5.Art |
| 12.2.6.Others |
| 12.3. Resin Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Acrylic |
| 12.3.2.Maleic |
| 12.3.3.Shellac |
| 12.3.4.Others |
| 12.4. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.Packaging Industry |
| 12.4.2.Textile Industry |
| 12.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.5.1.China |
| 12.5.2.India |
| 12.5.3.Australia and New Zealand (ANZ) |
| 12.5.4.Japan |
| 12.5.5.Rest of APAC |
| 13.Middle East and Africa (MEA) Water Based Printing Inks Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 13.1. Printing Process Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Gravure |
| 13.1.2.Flexographic |
| 13.1.3.Offset Printing |
| 13.1.4.Digital |
| 13.1.5.Screen Printing |
| 13.1.6.Sheet-Feed Printing |
| 13.1.7.Others |
| 13.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Corrugated Cardboards |
| 13.2.2.Flexible packaging |
| 13.2.3.Folding Cartons |
| 13.2.4.Tags & Labels |
| 13.2.5.Art |
| 13.2.6.Others |
| 13.3. Resin Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Acrylic |
| 13.3.2.Maleic |
| 13.3.3.Shellac |
| 13.3.4.Others |
| 13.4. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Packaging Industry |
| 13.4.2.Textile Industry |
| 13.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.5.1.GCC Countries |
| 13.5.2.South Africa |
| 13.5.3.Rest of MEA |
| 14.Latin America Water Based Printing Inks Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 14.1. Printing Process Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.1.1.Gravure |
| 14.1.2.Flexographic |
| 14.1.3.Offset Printing |
| 14.1.4.Digital |
| 14.1.5.Screen Printing |
| 14.1.6.Sheet-Feed Printing |
| 14.1.7.Others |
| 14.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.2.1.Corrugated Cardboards |
| 14.2.2.Flexible packaging |
| 14.2.3.Folding Cartons |
| 14.2.4.Tags & Labels |
| 14.2.5.Art |
| 14.2.6.Others |
| 14.3. Resin Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.3.1.Acrylic |
| 14.3.2.Maleic |
| 14.3.3.Shellac |
| 14.3.4.Others |
| 14.4. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.4.1.Packaging Industry |
| 14.4.2.Textile Industry |
| 14.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.5.1.Brazil |
| 14.5.2.Mexico |
| 14.5.3.Rest of LA |
| 15. Competition Landscape |
| 15.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 15.2.1.Evonik Industries AG |
| 15.2.2.BASF |
| 15.2.3.Toyo Ink SC Holdings Co., Ltd. |
| 15.2.4.Huber Group |
| 15.2.5.The Sherwin-Williams Company |
| 15.2.6.Dow Corning Corporation |
| 15.2.7.T & K Toka Co., Ltd. |
| 15.2.8.Siegwerk Druckfarben AG & Co. KGaA |
| 15.2.9.DIC Corporation |
| 15.2.10.Flint Group |
| 15.2.11.Sakata Inx |
| 16. Research Methodology |
| 17. Appendix and Abbreviations |
- Evonik Industries AG
- BASF
- Toyo Ink SC Holdings Co., Ltd.
- Huber Group
- The Sherwin-Williams Company
- Dow Corning Corporation
- T & K Toka Co., Ltd.
- Siegwerk Druckfarben AG & Co. KGaA
- DIC Corporation
- Flint Group
- Sakata Inx