Waterborne inks have long been employed in the printing of paper substrates and packaging goods, where they provide a variety of benefits. These inks may also be used to print on cloth. Amongst the numerous benefits that they provide, the adoption of waterborne inks for the application of high-speed roll-to-roll yardage printing is vital to the continued growth of the global waterborne ink market. These inks with environmentally friendly formulas are gaining traction in a variety of end-use sectors, notably in all packaging verticals. The need for low-volatile organic compound (VOC) inks as well as paints is likely to enhance the potential of the global waterborne ink market. High adoption of waterborne inks in flexography over the last several years is one of the latest trends that is likely to propel the growth of the waterborne ink market forward. Advances in flexographic printing machines have further fueled the market potential in this respect.
Siegwerk Druckfarben AG & Co. KGaA, Flint Group, Toyo Ink SC Holdings Co., Huber Group, and Sun Chemical Corporation are a few of the leading players operating successfully in the global waterborne ink market.
According to a recent industry research released by Transparency Market Research, the global waterborne ink market is expected to reach a value of around US$ 4.1 Bn through 2024, with a 6.5% CAGR over the forecast period, from 2016 to 2024.
North America to Remain at the Forefront of the Market Growth due to High Demand from the Packaging Industry
In terms of region, the global waterborne ink market is classified into the principal regions of Latin America, Middle East and Africa, Asia Pacific, Europe, and North America. It is anticipated that regional classifications would provide a better knowledge of the market dynamics at play at the regional level.
The fast growth of packaging businesses, where these inks are widely utilized, has resulted in a significantly high revenue for North America. The regional market is projected to maintain its dominance throughout the forecast period, from 2016 to 2024. Both Europe and Asia Pacific regions are expected to closely follow the North America market. The increased demand for printing inks arising from flexible packaging business is likely to drive the water based ink market in North America. China is estimated to come up as one of the major forces of the Asia-Pacific water-based ink market, as demand for flexible packaging grows in the country.
Growing Preference of Waterborne Ink over Traditional Ink in Printing Applications to Drive Demand in the Market
The adoption of waterborne inks will is estimated to be bolstered by the increasing popularity of flexible packaging in a wide range of applications across several end use sectors, such as processed food and drinks. Waterborne inks' rising appeal in packaging applications is due to a number of key qualities, including improved aesthetics, high penetration of ink, and reduced weight. Waterborne inks, on the other hand, are becoming more popular in publishing applications as well. Periodicals, public domain catalogues, books, and n Newspapers are all examples of items where waterborne inks are widely utilized. The chances, though, are expected to dwindle in the future years as digital material continues to gain traction.
Different types of waterborne inks have shown promise in the commercial printing industry. One of the most profitable sectors of the waterborne ink industry is brochures and flyers. However, the usage of waterborne inks in different packaging applications is likely to provide a continuous stream of income to the industry over the next few years.
Traditional inks are recognized to be hazardous to the environment both during manufacturing and after disposal. As a result, a growing number of consumers are turning to environmentally friendly waterborne inks. This is a major driving force in the global waterborne ink market.
The information shared in this review is based on a TMR report, bearing the title, “Waterborne Ink Market (Resin – Acrylic, Polyester, Maleic, Polyurethane Resin, and Phenolic Resin; Technology - Flexography, Gravure, Digital, Screen Printing, and Sheet-fed Offset Printing; Application - Packaging, Publication, Flyers and Brochures, Decorative Printing, and Product Printing) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024”
The global Waterborne Ink market is segmented based on:
- Polyurethane Resin
- Phenolic Resin
- Screen Printing
- Sheet-fed Offset Printing
- Flyers and Brochures
- Decorative Printing
- Product Printing
- North America
- Rest of Europe
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa
- Asia Pacific
- Australia & New Zealand
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
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