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Water-Based Inks Market Size to Accelerate at a Rapid CAGR of 5.2% by 2028

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Water-Based Inks Market Size to Accelerate at a Rapid CAGR of 5.2% by 2028

May 28
21:16 2021
Water-Based Inks Market Size to Accelerate at a Rapid CAGR of 5.2% by 2028
The water-based inks market was valued at US$ 9,141.20 million in 2019 and is projected to reach US$ 13,496.39 million by 2028.

Water-based ink includes pigment or dyes in a colloidal suspension with water as the solvent. While water is the primary solvent used in the production of water-based inks, the inks can contain other co-solvents to reduce the time and heat required to cure the ink film on cloth. Water-based inks have a higher viscosity stability on press because water evaporates slowly. The demand for water-based inks has been increasing due to a rise in environmental and safety concerns, growth in flexible packaging, and increased utilization in screen printing.  

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DIC Corporation; Flint Group; Hubergroup; Sakata Inx Corporation; Siegwerk Druckfarben AG & Co. KGaA; T&K TOKA Co. Ltd.; Toyo Ink SC Holdings Co., Ltd.; Fujifilm Holdings Corporation; American Inks & Technology; and Wikoff Color Corporation are among the well-established players in the global water-based inks market.

High Demand for Water-based Inks in Flexible Packaging to Escalate Market Growth During 2020–2028

The inks used in flexible packaging help enhance the overall graphic representation and maintain the quality of imprinted images during phases such as manufacturing, packaging, and transportation, as well as at the time of the final use of the product. Earlier, solvent-based inks were extensively in use instead of water-based inks, due to drawbacks associated with the latter, such as lower printing speeds, slower water evaporation, improper wetting mechanism, and imperfect printability on critical substrates. However, the demand for water-based inks has grown incessantly owing to increasing focus on sustainability. The advancements in printing techniques such as deployment of improved resins, better ink formulation, and high-performance printing equipment have helped printing manufacturers to overcome the drawbacks of water-based inks. These developments have enabled the water-based inks to meet the performance standards associated with flexible packaging materials. Marabu is involved in production and supply of water-based inkjet inks used in flexible packaging of the food & beverages industry products as well as the consumer goods industry products, such as cardboard boxes, toys, and digitally printed wallpapers. 

The COVID-19 outbreak is adversely affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The global consumer goods industry is one of the significant industries suffering severe disruptions such as supply chain breaks, technology event cancellations, and office shutdowns. Several companies have already announced possible delays in product deliveries and slump in future sales of their products. Besides, the global travel bans imposed by countries in Europe, Asia, and North America are hindering business collaborations and partnership opportunities. All these factors are adversely affecting the consumer goods industry, which is restraining the growth of the water-based inks market.

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The report segments the global water-based inks market as follows: 

By Resin Type

  • Acrylic
  • Polyester
  • Maleic
  • Others


By Technology

  • Flexographic
  • Gravure
  • Digital
  • Others


By Application

  • Packaging
  • Publication
  • Tags and Labels
  • Others

 

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