Skip to main content

Macroeconomic Developments will Aid in Water-based Inks Market Growth

 

The global water-based inks market was valued at US$ 5,107.1 Mn in 2018 and is anticipated to expand at a CAGR of 6.45% from 2019 to 2027, according to a new research report titled ‘Water-based Inks Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027,’ published by Transparency Market Research (TMR) The global water-based inks market is driven by the rise in demand for water-based inks in packaging and publications sectors across the globe. In terms of demand, Asia Pacific accounts for a dominant share of the global water-based inks market. 

Rise in Demand for Water-based Inks in Packaging Industry to Boost Market

Packaging adds a unique value to any product. It allows the customers to distinguish a particular product from other similar products. Flexible packaging such as bags, pouches, and films can be used to wrap products such as food, beverages, pharmaceuticals, cosmetics, and personal care. The global packaging industry is estimated to be valued at US$ 1,000 Bn by 2020. This, in turn, is fueling the demand for water-based inks across the globe in the next few years. 

Request Sample

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=65102

Increase in Demand for UV-cured Inks in Various Printing Processes to Hamper Market

Increase in environmental restrictions in developed economies across Europe and North America is boosting the need for VOC-free printing inks. UV-cured printing inks are a superior alternative to traditional inks. UV-cured inks are used in various printing processes such as gravure, inkjet, and flexography, as they offer several advantages over the conventional inks. UV-cured inks do not contain VOCs. Their drying process is quicker, as they are treated using a UV light. This is likely restrain the water-based inks market during the forecast period.

Acrylic Resin Segment to Dominate Global Water-based Inks Market

In terms of resin type, the water-based inks market has been divided into acrylic, polyester, maleic, and others. Acrylic was a highly attractive segment of the global water-based inks market in 2018 and the trend is estimated to continue during the forecast period due to suitability of acrylic resins in various applications. 

Flexography Technology Segment is Expand at a Rapidly Pace

Flexography printing technology was a highly lucrative segment of the global water-based inks market in 2018. Flexography printing technology is one of the extensively used printing processes. This technology is used to print various substrates such as paper, plastic, and paperboard. Market share of the flexography technology segment is projected to increase during the forecast period due to its ability to print of a wide variety of substrates and usage of eco-friendly printing inks such as water-based printing inks. Growth of flexible packaging and tags & labels printing industries is likely to drive the segment in the next few years. 

More Trending Reports

https://www.einpresswire.com/article/558549174/tomato-ketchup-market-outlook-2030

Packaging Segment to Lead Market

The packaging segment accounted for a major share of the global water-based inks market in 2018. Rise in the demand for flexible packaging in the food & beverages sector due to its less weight and esthetic appeal, is expected to fuel the demand for packaging in the next few years. This, in turn, is anticipated to drive the global water-based inks market in the near future. The packaging segment comprises flexible packages, corrugated containers, tags, labels, folding cartons, and metal cans. 

Request Covid19 analysis on this market

https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=65102

Asia Pacific Dominates Global Water-based Inks Market

Based on region, the global water-based inks market has been classified into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. In terms of volume and value, Asia Pacific was a leading region of the global market in 2018. The market in the region is anticipated to expand at a rapid pace during the forecast period owing to growth of packaging and newspaper industries and presence of major manufacturers of water-based inks in the region. This, in turn, fuels the demand for water-based inks in different applications such as corrugated packaging and folding cartons. Furthermore, growth of the advertisement sector and rise in investment in the marketing of food & beverages are expected to boost the market during the forecast period. Europe and North America are significant consumers of water-based inks. The water-based inks market in Latin America is projected to expand at a moderate pace during the forecast period, as demand for water-based inks in these regions is anticipated to rise in the next few years owing. Expansion of the market is attributed to the growth in the packaging industry. 

High Degree of Competition among Players

Key players operating in the global water-based inks market are Sun Chemical Corporation, Flint Group, Siegwerk Druckfarben AG & Co. KGaA, Toyo Ink SC Holdings Co., Ltd., Huber Group, Wikoff Color Corporation, Doneck Euroflex S.A., Sebek Inks, Dolphin Inks, BCM Inks, and Chimigraf.

Buy Now

https://www.transparencymarketresearch.com/checkout.php?rep_id=65102&ltype=S

Comments

Post a Comment

Popular posts from this blog

Tunnel Boring Machine Market: Applications, Revenue, Growth and Trends

  Tunnel boring machines are gigantic special-purpose machines, particularly used in building tunnels for roads, railways, and pipelines. These machines are long with circular cross-sections and help in boring round holes through any rock. Tunnel boring machines are intricate assemblies of several systems working in conjunction with each other. Diameter of tunnel boring machines ranges from 1 meter to 20 meters. These machines can cut clean through rocks, sometimes along with creating concrete shields around the bored tunnels. The tunnel boring machine market is largely driven by the increase in spending on road and railway infrastructure. Countries such as China, Japan, Italy, South Korea, Norway, and Germany have vast tunnel networks. The key reason is to connect major cities within the country, sometimes even international, with minimum commute time. This largely optimizes the transportation costs and connects cities to boost commerce. The other method for building tunnels is...
Post a Comment
Read more

GLOBAL WOOD COATINGS MARKET TO TOUCH VALUATION OF US$17.595 BN BY 2025 END

  The  global wood coatings market  features a highly competitive landscape owing to the presence of a plethora of companies competing against one another, notes Transparency Market Research (TMR). Top players in the wood coatings market increasingly resort to forward integration strategies to gain substantial competitive benefits, which may help them to retain their stronghold over the assessment period. Several players are also focusing on product differentiations to attract more consumers and consolidate their positions in various regions. This is especially the trend among small- and medium-scale manufacturers who find this a key strategy to gain a foothold in the wood coatings market. TMR finds that the wood coatings market is also fairly consolidated as the top four players held a combined share of nearly 60.0% in 2016. These companies are RPM International Inc., Akzo Novel N.V., PPG Industries Inc., and The Sherwin Williams Company. Of these, The Sherwin Willia...
Post a Comment
Read more

ANTHOCYANIN CONSUMPTION LEVELS TO TAKE OFF IN DEVELOPING REGIONAL MARKET

  TMR projects the  global anthocyanin market  to reach US$ 735.9 Mn by 2026. Over this period of 2018-2026, the anthocyanin market is forecast to report a CAGR of 4.6%. Among the key end use segments, the food and beverages industry is likely to lead the market in 2018. The trend is likely to remain unchanged throughout the course of the forecast period. Regionally, the North America anthocyanin market held the leading share in the global market in 2018. The global anthocyanin market exhibits the presence of several large companies. Besides this, domestic players enjoy a stronghold in regional pockets, which has rendered the market highly competitive. According to a new study by Transparency Market Research (TMR), Archer Daniels Midlands Co., Sensient Technologies Corp, Symrise A.G., and CHR Hansen A/S held nearly 50% of the global anthocyanin market in 2018, thereby registering their dominance. To sustain growth amidst the prevailing competition, the leading players...
Post a Comment
Read more