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Water-Based Printing Inks Market: By Printing Process, By Application, By Resin Type, End-user Industry and Geography
Water-Based Printing Inks Market: By Printing Process, By Application, By Resin Type, End-user Industry and Geography
Water-Based Printing Inks Market was valued at US$ 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.
Study Period
2024-2030Base Year
2023CAGR
3.80%Largest Market
Asia PacificFastest Growing Market
Asia Pacific
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.
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
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 9,457.8 million |
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Market CAGR |
3.80% |
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By Printing Process |
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By Application |
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By Resin Type |
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By End User |
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Download Free Sample Report
The Water-Based Printing Inks valued at US$ 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 |
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.