Global Water-Based Inks Market Size By Product Type, By Application, By Geographic Scope And Forecast

Water-Based Inks Market Size And Forecast

Water-Based Inks Market size was valued at USD 9.1 Billion in 2023 and is projected to reach USD 11.27 Billion by 2030, growing at a CAGR of 3.1% during the forecast period 2024-2030.

Global Water-Based Inks Market Drivers

The market drivers for the Water-Based Inks Market can be influenced by various factors. These may include

• Environmental Concerns The need for eco-friendly substitutes for solvent-based inks, namely water-based inks, is being driven by legislation and increased awareness of the impact on the environment.
• Health and Safety Because water-based inks contain less volatile organic compounds (VOCs), which can be hazardous to both human health and the environment, they are frequently chosen over solvent-based inks.
• Regulations Water-based inks are being pushed into the market by regulations and laws that are meant to lower emissions and encourage sustainability.
• Cost-Effectiveness Since water-based inks frequently demand less energy for drying and might result in lower waste disposal costs, they may prove to be more economical in the long term.
• Technological Advancements Continuous research and development in water-based ink technology is producing greater adhesion, colour vibrancy, and durability, among other performance gains that are propelling market expansion.
• End-User Preferences In response to growing consumer demand for products with as little of an impact on the environment as possible, manufacturers are being forced to move to water-based inks.
• Government actions and legislation that support the use of sustainable goods and methods can encourage the development of water-based inks across a range of industries.

Global Water-Based Inks Market Restraints

Several factors can act as restraints or challenges for the Water-Based Inks Market. These may include

• Cost The higher cost of water-based inks compared to solvent-based inks may be a turnoff for many purchasers, particularly in sectors where prices are crucial.
• Performance restrictions In some situations, such as outdoor signage or non-porous substrates, water-based inks might not work as well as solvent-based inks.
• Drying time Water-based inks usually take longer to dry than solvent-based inks, which might affect how quickly and efficiently they are produced.
• Compatibility with substrates Water-based inks might not work well on all substrates, which would restrict their use in some sectors of the market or applications.
• Environmental rules may impose restrictions on the usage of specific compounds in water-based inks, so limiting the inks’ composition and performance.
• Problems with the supply chain The cost and availability of water-based inks might be impacted by problems with the raw material supply or supply chain obstacles.
• Quality perception Water-based inks may be less popular in some areas because customers believe they are of worse quality than solvent-based inks.

Global Water-Based Inks Market Segmentation Analysis

The Global Water Based Inks Market is Segmented on the basis of Product Type, Application, And Geography.

Water-Based Inks Market, By Product Type

• Flexographic Inks These inks are known for their versatility, printability on various surfaces, and fast drying times. They are commonly used for printing on packaging materials, labels, and flexible films.
• Gravure Inks These inks offer high-quality printing with excellent detail and consistency. They are often used for printing on packaging materials, magazines, and wallpapers.
• Others This segment includes inkjet inks, screen printing inks, and offset inks, used in various applications like printing on paper, textiles, t-shirts, signs, electronics, and potentially replacing solvent-based offset inks for environmental reasons.

Water-Based Inks Market, By Application

• Labels and Packaging This is the largest application area due to water-based inks’ suitability for printing on various packaging materials, offering faster drying times, better recyclability, and compliance with food safety regulations.
• Commercial Printing Water-based inks are used in brochures, flyers, and marketing materials, providing vibrant colors, good printability, and being more environmentally friendly.
• Publication While solvent-based inks are still dominant, water-based inks are gaining traction in printing newspapers, magazines, and books due to their environmental benefits and lower odor levels.

Water-Based Inks Market, By Geography

• North America Market conditions and demand in the United States, Canada, and Mexico.
• Europe Analysis of the Health Care Credentialing Software Market in European countries.
• Asia-Pacific Focusing on countries like China, India, Japan, South Korea, and others.
• Middle East and Africa Examining market dynamics in the Middle East and African regions.
• Latin America Covering market trends and developments in countries across Latin America.

Key Players

The major players in the Water-Based Inks Market are

• Toyo Ink
• Nazdar Ink Company
• T&K Toka
• Huber Group
• PolyOne
• FUJIFILM
• Kao Collins
• Sky Dragon Group
• Fujian GeLinChunTian
• Hangzhou TOKA
• Yipsink

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• Qualitative and quantitative analysis of the Market based on segmentation involving both economic as well as non-economic factors• Provision of Market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the Market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the Market within each region• Competitive landscape which incorporates the Market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major Market players• The current as well as the future Market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the Market of various perspectives through Porter’s five forces analysis• Provides insight into the Market through Value Chain• Market dynamics scenario, along with growth opportunities of the Market in the years to come• 6-month post-sales analyst support

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