The Water-based Printing Inks market consists of sales of Water-based PrintingInksandrelated services used for printing on fabric and paper. Water-based Printinginksarereferredto as aqueous inks and are Dye and Pigment Inks. Water-based inks are not waterproof and they have the property to fade in UV light. The use of Water-based PrintingInkshasbeenlimited due to compatibility with substrate materials, but they are successfully used in various applications including printing on Fabric, Paper, and some Plastics.
The Water-based Printing Inks market reached a value of nearly $10,714.8millionin2020, having increased at a compound annual growth rate (CAGR) 0.8%since 2015. The market is expected to grow from $10,714.8 million in 2020 to $13,019.0 million in2025at arateof4.0%. The Water-based Printing Inks market is then expected to grow at a CAGR of 3.5% from 2025 and reach $15,484.6 million in 2030.
The Water-based Printing Inks industry has introduced high-resolution replacementInksasahighly cost-effective ink. High-resolution inks are more effective than traditional inks as they allow fine and solid printing at high speed. They also enable re-printability and drastically reduce the number of cleaning stencils required.
The market for packaging inks is dominatedby solvent-based products, which boast outstanding wettability on plastic film substrates and dry swiftly after printing. Despite this, the demand for water-based, UV-curable, and other environment-friendly alternatives is rising sharply. They are underpinnedbytheneedtoaddress key social imperatives, this includes the lowering of volatile organic compounds (VOCs), which pollute the air and impact working environments, the curbing of globalCO2emissions, and the reduction of energy consumed in printing. Top companies in the market are developing high-definition inks with premium durability, fast dry time, and longer shelf life. The Water-based Printing Inks market can be segmented by product type into
- Acrylic Water-Based Inks
- Maleic Water-Based Inks
- Shellac Water-Based Inks
- Other Water-Based Inks
Major Competitors in the Water-based Printing Inks Market are:
DIC Corporation, Flint Group, Siegwerk Druckfarben Ag & Co. KGaA, SakataInx&ToyoInkSC Holdings Co., Ltd.