Global Water-Based Printing Inks Market Trends And Strategies Of Major Players In The Water-Based Printing Inks Market 2021-2030
13 Sep, 2021
The water-based printing inks market consists of sales of water-based printing inks and related services used for printing on fabric and paper. Water-based printing inks are referred to as aqueous inks and are dye and pigment inks. They are not waterproof and fade in UV light. The use of water-based printing inks has been limited due to compatibility with substrate materials, but they are successfully used in various applications including printing on fabric, paper, and some plastics.
Global Water-Based Printing Inks Market Size And Drivers:
The global water-based printing inks market is expected to grow from $10.84 billion in 2020 to $11.36 billion in 2021 at a compound annual growth rate (CAGR) of 4.8%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $13.36 billion in 2025 at a CAGR of 4%. 3D technology will be a driver of the printing inks market during the forecast period. With a rise in worldwide interest in 3D printing technology from consumers, researchers, and industrial production, there is expected to be a high demand for 3D printing inks.
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Trends In The Global Water-Based Printing Inks Market
Many companies in the printing inks market are shifting from manufacturing of petroleum-based printing inks to manufacturing of environmentally friendly printing inks (green printing inks). Unlike petroleum-based printing inks, green printing inks do not contain heavy metals or other dangerous and toxic substances, therefore they do not cause excessive pollution in the landfill. Green printing inks are based on sustainable materials such as soy and other plant-based origins, which are more sustainable than petroleum. Examples of green printing inks include water-based and oil-based printing inks. The use of green printing inks results in a reduction of volatile organic compounds (VOC) released during the printing process. Major players in the printing inks market such as DIC Corporation, Flint Group, Sakata Inx and others are providing green printing inks as part of their offerings.
Global Water-Based Printing Inks Market Segments:
The global water-based printing inks market is further segmented –
By Product Type: Acrylic Water-Based Inks, Maleic Water-Based Inks, Shellac Water-Based Inks
By Type: Flexo Inks, Gravure Inks, Screen Printing Inks
By Geography: The global water-based printing ink market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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https://www.thebusinessresearchcompany.com/report/water-based-printing-inks-global-market-reportWater-Based Printing Inks Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides water-based printing inks market overviews, analyzes and forecasts market size and growth for the global water-based printing inks market, water-based printing inks market share, water-based printing inks market players, water-based printing inks market segments and geographies, water-based printing inks market’s leading competitors’ revenues, profiles and market shares. The water-based printing inks market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.