Water-Based Inks Market Size, Share | Industry Analysis by 2028
The water-based inks market was valued at US$ 9,141.20 million in 2019 and is projected to reach US$ 13,496.39 million by 2028; it is expected to grow at a CAGR of 5.2% from 2020 to 2028.
Water-based ink includes pigment or dyes in a colloidal suspension with water as the solvent. While water is the primary solvent used in the production of water-based inks, the inks can contain other co-solvents to reduce the time and heat required to cure the ink film on cloth. Water-based inks have a higher viscosity stability on press because water evaporates slowly. The demand for water-based inks has been increasing due to a rise in environmental and safety concerns, growth in flexible packaging, and increased utilization in screen printing.
In 2019, APAC contributed to the largest share in the global water-based inks market. The growth of the water-based inks market in this region is primarily attributed to the increasing demand from developing countries such as China and India. These countries are experiencing tremendous growth in printing & packaging industry. The continuous growth in food & beverages, pharma, and personal care industries demands for high-quality packaging & labelling products. Water-based printing inks is an excellent ink system for paper and cardboard printing. They have better gloss and color and good surface appearance compared to other printing inks on an absorbent substrate such as paper and cardboard, and when it comes to slower printing application. Water-based ink emits much less Volatile Organic Compounds (VOCs), thus, the cost related to pollution emission is much less when compared to solvent-based ink. All these advantages have increased the adoption of water-based inks in APAC. Apart from this, water-based inks penetrate deeper within the fabric, and they are able to produce longer lasting prints with impeccable detail, with much more defined, sharper edges. This includes half-tones and more, making them the perfect choice for printing intricate, detailed designs. The growing demand for water-based inks from textile printing in APAC is expected to drive the demand for water-based inks during the forecast period.
The ongoing COVID-19 pandemic has drastically altered the growth status of the water-based inks industry. The outbreak has distorted operational efficiency and disrupted the value chains due to the sudden shutdown of national and international boundaries, creating revenue loss and damage. The disturbed value chain has had a negative impact on raw material supply. However, as the economies are planning to revive their operations, the demand for water-based inks is expected to rise globally in the coming months. The focus over just-in-time production is another factor hindering the water-based inks market growth. With the projected rise in the importance of sustainability and application diversification in post-pandemic times, the demand for water-based inks is expected to take huge leaps. Several associations such as The Association for Packaging and Processing (PMMI) are involved in keeping a close check on the effects of the pandemic upon the printing and packaging industry along with providing necessary avenues thereof to the concerned parties. Therefore, effective measures taken by such associations to support packaging industry, backed by positive government initiatives, are expected to generate the demand for water-based inks in the coming years. Further, significant investments by prominent companies in the development of advanced products is yet another factor supporting the market growth.
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Water-Based Inks Market: Strategic Insights
Market Size Value in US$ 9,141.20 Million in 2019 Market Size Value by US$ 13,496.39 Million by 2028 Growth rate CAGR of 5.2% from 2020-2028 Forecast Period 2020-2028 Base Year 2020
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Water-Based Inks Market: Strategic Insights
| Market Size Value in | US$ 9,141.20 Million in 2019 |
| Market Size Value by | US$ 13,496.39 Million by 2028 |
| Growth rate | CAGR of 5.2% from 2020-2028 |
| Forecast Period | 2020-2028 |
| Base Year | 2020 |
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Market Insights
High Demand in Flexible Packaging
Flexible packaging is a type of packaging or any part of the packaging made from a non-rigid structure, and it can be easily molded into different shapes. This type of packaging allows for better transportation of the packaged goods, along with enabling customizable designs and better life span. As per the Flexible Packaging Association, the flexible packaging is considered to be the second largest contributor to the growth of packaging segment in the US, as it garnered ~19% of the packaging market in the country, which was worth US$ 170 billion in US in 2018. The inks used in flexible packaging help enhance the overall graphic representation and maintain the quality of imprinted images during phases such as manufacturing, packaging, and transportation, as well as at the time of the final use of the product. Earlier, solvent-based inks were extensively in use instead of water-based inks, due to drawbacks associated with the latter, such as lower printing speeds, slower water evaporation, improper wetting mechanism, and imperfect printability on critical substrates. However, the demand for water-based inks has grown incessantly owing to increasing focus on sustainability. The advancements in printing techniques such as deployment of improved resins, better ink formulation, and high-performance printing equipment have helped printing manufacturers to overcome the drawbacks of water-based inks. These developments have enabled the water-based inks to meet the performance standards associated with flexible packaging materials. Marabu is involved in production and supply of water-based inkjet inks used in flexible packaging of the food & beverages industry products as well as the consumer goods industry products, such as cardboard boxes, toys, and digitally printed wallpapers.
Resin Type Insights
Based on resin type, the water-based inks market is segmented into acrylic, polyester, maleic, and others. The acrylic segment led the market with the largest share in 2019. Water-based acrylic paint is composed of pigment particles that are dispersed in an acrylic polymer emulsion. The pigments are granular solids that provide paint its color. They are milled into tiny particles and remain suspended in the paint. These pigments can either be organic, inorganic, natural, or synthetic. The binder is a substance that keeps the pigment in place after the ink dries..
Key market players operating in the water-based inks market include DIC Corporation; Flint Group; Hubergroup; Sakata Inx Corporation; Siegwerk Druckfarben AG & Co. KGaA; T&K TOKA Co. Ltd.; Toyo Ink SC Holdings Co., Ltd.; Fujifilm Holdings Corporation; American Inks & Technology; and Wikoff Color Corporation. Major market players are adopting strategies such as mergers and acquisitions and product launches to expand their geographical presence and consumer base globally.
Report Spotlights
- Progressive industry trends in the global water-based inks market to help players develop effective long-term strategies
- Business growth strategies adopted by developed and developing markets
- Quantitative analysis of the global water-based inks market from 2019 to 2028
- Estimation of the demand for water-based inks across various industries
- PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict market growth
- Recent developments to understand the competitive market scenario and the demand for water-based inks
- Market trends and outlook coupled with factors driving and restraining the growth of the water-based inks market
- Decision-making process by understanding strategies that underpin commercial interest with regard to global water-based inks market growth
- Water-based ink market size at various nodes of market
- Detailed overview and segmentation of the global water-based inks market, as well as its dynamics in the industry
- Water-based ink market size in various regions with promising growth opportunities
Water-Based Inks Market Report Scope
Water-Based Inks Market, by Resin Type
- Acrylic
- Polyester
- Maleic
- Others
Water-Based Inks Market, by Technology
- Flexographic
- Gravure
- Digital
- Others
Water-Based Inks Market, by Application
- Packaging
- Publication
- Tags and Labels
- Others
Company Profiles
- DIC Corporation
- Flint Group
- Hubergroup
- Sakata Inx Corporation
- Siegwerk Druckfarben AG & Co. KGaA
- T&K TOKA Co. Ltd.
- Toyo Ink SC Holdings Co., Ltd.
- Fujifilm Holdings Corporation
- American Inks & Technology
- Wikoff Color Corporation
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Resin Type , Technology , and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Based on application, the packaging segment held the largest share in the global water-based inks market in 2019. The packaging segment comprises flexible packages, tags, corrugated containers, labels, metal cans, and folding cartons. Increasing demand for flexible packaging in the food and beverages sector due to its esthetic appeal and less weight, is expected to fuel the demand for packaging in the next few years. Water-based inks have improved flow behavior, gloss, color, good surface appearance. It improves the efficiency of packaging production, reduces wasted ink, and improves operating rates for printing equipment. Apart from this, food & beverage, and personal care companies demand for packages that adds value and marketability to their products. Thus, the demand for high-quality tags, corrugated containers, labels is increasing which further supports the growth of water-based inks market. With an increasing consumer focus on sustainability, traditional rigid packaging solutions are being replaced by innovative, eco-friendly packaging solutions. Water-based inks do not contain Volatile Organic Compounds (VOC), thus making them popular choice for packaging.
The major players operating in the global water-based inks market are DIC Corporation, Flint Group, Hubergroup, Sakata Inx Corporation, Siegwerk Druckfarben AG & Co. KGaA, T&K TOKA Co. Ltd., Toyo Ink SC Holdings Co., Ltd., Fujifilm Holdings Corporation, American Inks & Technology and Wikoff Color Corporation among many others.
In 2019, APAC contributed to the largest share in the global water-based inks market. The growth of the water-based inks market in this region is primarily attributed to the increasing demand from developing countries such as China and India. These countries are experiencing tremendous growth in printing & packaging industry. The continuous growth in food & beverage, pharma and personal care industry demands for high-quality packaging & labelling products. Water-based printing inks is an excellent ink system for paper and cardboard printing. They have better gloss, color, good surface appearance as compared to other printing inks when it comes to slower printing application and on an absorbent substrate such as paper and cardboard. Water-based ink emits much less VOCs thus, the cost related to pollution emission is much less when compared to solvent-based ink. All these advantages have increased the adoption of water-based inks in APAC region.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Water-based Inks Market, by Resin Type
1.3.2 Water-based Inks Market, by Technology
1.3.3 Water-based Inks Market, by Application
1.3.4 Water-based Inks Market, by Geography
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Water-based Inks Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Expert Opinion
5. Water-based Inks Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 High Demand in Flexible Packaging
5.1.2 Rising Use of Water-based Inks in Textile Printing
5.2 Market Restraints
5.2.1 Technical and Operational Barriers Pertaining to Water-based Inks
5.3 Market Opportunities
5.3.1 Significant Investments in Product Innovation
5.4 Future Trends
5.4.1 Growing Focus on Sustainability
5.5 Impact Analysis of Drivers and Restraints
6. Water-based Inks – Global Market Analysis
6.1 Water-based Inks Market Overview
6.2 Water-based Inks Market –Revenue and Forecast to 2028 (US$ Million)
6.3 Market Positioning – Global Market Players
7. Global Water-based Inks Market Analysis – By Resin Type
7.1 Overview
7.2 Global Water-based Inks Market Breakdown, By Resin Type, 2019 & 2028
7.3 Acrylic
7.3.1 Overview
7.3.2 Acrylic: Water-based Inks Market – Revenue, and Forecast to 2028 (US$ Million)
7.4 Polyester
7.4.1 Overview
7.4.2 Polyester: Water-based Inks Market – Revenue, and Forecast to 2028 (US$ Million)
7.5 Maleic
7.5.1 Overview
7.5.2 Maleic: Water-based Inks Market – Revenue, and Forecast to 2028 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: Water-based Inks Market – Revenue, and Forecast to 2028 (US$ Million)
8. Global Water-based Inks Market Analysis – By Technology
8.1 Overview
8.2 Water-based Inks Market Breakdown, By Technology, 2019 & 2028
8.3 Flexographic
8.3.1 Overview
8.3.2 Flexographic: Water-based Inks Market – Revenue, and Forecast to 2028 (US$ Million)
8.4 Gravure
8.4.1 Overview
8.4.2 Gravure: Water-Based Ink Market – Revenue, and Forecast to 2028 (US$ Million)
8.5 Digital
8.5.1 Overview
8.5.2 Digital: Water-Based Ink Market – Revenue, and Forecast to 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Water-Based Ink Market – Revenue, and Forecast to 2028 (US$ Million)
9. Global Water-based Inks Market Analysis – By Application
9.1 Overview
9.2 Water-based Inks Market Breakdown, By Application, 2019 & 2028
9.3 Packaging
9.3.1 Overview
9.3.2 Packaging: Water-based Inks Market – Revenue, and Forecast to 2028 (US$ Million)
9.4 Publication
9.4.1 Overview
9.4.2 Publication: Water-Based Ink Market – Revenue, and Forecast to 2028 (US$ Million)
9.5 Tags and Labels
9.5.1 Overview
9.5.2 Tags and Labels: Water-Based Ink Market – Revenue, and Forecast to 2028 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: Water-Based Ink Market – Revenue, and Forecast to 2028 (US$ Million)
10. Water-Based Ink Market – Geographic Analysis
10.1 Overview
10.2 North America: Water-Based Ink Market
10.2.1 North America: Water-Based Ink Market – Revenue and Forecast to 2028(US$ Million)
10.2.2 North America: Water-Based Ink Market, by Resin Type
10.2.3 North America: Water-Based Ink Market, by Technology
10.2.4 North America: Water-Based Ink Market, by Applications
10.2.5 North America: Water-Based Ink Market, by Key Country
10.2.5.1 US: Water-Based Ink Market –Revenue and Forecast to 2028 (US$ Million)
10.2.5.1.1 US: Water-Based Ink Market, by Resin Type
10.2.5.1.2 US: Water-Based Ink Market, by Technology
10.2.5.1.3 US: Water-Based Ink Market, by Application
10.2.5.2 Canada: Water-Based Ink Market –Revenue and Forecast to 2028 (US$ Million)
10.2.5.2.1 Canada: Water-Based Ink Market, by Resin Type
10.2.5.2.2 Canada: Water-Based Ink Market, by Technology
10.2.5.2.3 Canada: Water-Based Ink Market, by Application
10.2.5.3 Mexico: Water-Based Ink Market –Revenue and Forecast to 2028 (US$ Million)
10.2.5.3.1 Mexico: Water-Based Ink Market, by Resin Type
10.2.5.3.2 Mexico: Water-Based Ink Market, by Technology
10.2.5.3.3 Mexico: Water-Based Ink Market, by Application
10.3 Europe: Water-Based Ink Market
10.3.1 Europe: Water-Based Ink Market – Revenue and Forecast to 2028(US$ Million)
10.3.2 Europe: Water-Based Ink Market, by Resin Type
10.3.3 Europe: Water-Based Ink Market, by Technology
10.3.4 Europe: Water-Based Ink Market, by Application
10.3.5 Europe: Water-Based Ink Market, by Key Country
10.3.5.1 Germany: Water-Based Ink Market –Revenue and Forecast to 2028 (US$ Million)
10.3.5.1.1 Germany: Water-Based Ink Market, by Resin Type
10.3.5.1.2 Germany: Water-Based Ink Market, by Technology
10.3.5.1.3 Germany: Water-Based Ink Market, by Application
10.3.5.2 France: Water-Based Ink Market –Revenue and Forecast to 2028 (US$ Million)
10.3.5.2.1 France: Water-Based Ink Market, by Resin Type
10.3.5.2.2 France: Water-Based Ink Market, by Technology
10.3.5.2.3 France: Water-Based Ink Market, by Application
10.3.5.3 Italy: Water-Based Ink Market –Revenue and Forecast to 2028 (US$ Million)
10.3.5.3.1 Italy: Water-Based Ink Market, by Resin Type
10.3.5.3.2 Italy: Water-Based Ink Market, by Technology
10.3.5.3.3 Italy: Water-Based Ink Market, by Application
10.3.5.4 UK: Water-Based Ink Market –Revenue and Forecast to 2028 (US$ Million)
10.3.5.4.1 UK: Water-Based Ink Market, by Resin Type
10.3.5.4.2 UK: Water-Based Ink Market, by Technology
10.3.5.4.3 UK: Water-Based Ink Market, by Application
10.3.5.5 Russia: Water-Based Ink Market –Revenue and Forecast to 2028 (US$ Million)
10.3.5.5.1 Russia: Water-Based Ink Market, by Resin Type
10.3.5.5.2 Russia: Water-Based Ink Market, by Technology
10.3.5.5.3 Russia: Water-Based Ink Market, by Application
10.3.5.6 Rest of Europe: Water-Based Ink Market –Revenue and Forecast to 2028 (US$ Million)
10.3.5.6.1 Rest of Europe: Water-Based Ink Market, by Resin Type
10.3.5.6.2 Rest of Europe: Water-Based Ink Market, by Technology
10.3.5.6.3 Rest of Europe: Water-Based Ink Market, by Application
10.4 APAC: Water-Based Ink market
10.4.1 APAC: Water-Based Ink Market – Revenue and Forecast to 2028(US$ Million)
10.4.2 APAC: Water-Based Ink Market, by Resin Type
10.4.3 APAC: Water-Based Ink Market, by Technology
10.4.4 APAC: Water-Based Ink Market, by Application
10.4.5 APAC: Water-Based Ink Market, by Key Country
10.4.5.1 Australia: Water-Based Ink Market –Revenue and Forecast to 2028 (US$ Million)
10.4.5.1.1 Australia: Water-Based Ink Market, by Resin Type
10.4.5.1.2 Australia: Water-Based Ink Market, by Technology
10.4.5.1.3 Australia: Water-Based Ink Market, by Application
10.4.5.2 China: Water-Based Ink Market –Revenue and Forecast to 2028 (US$ Million)
10.4.5.2.1 China: Water-Based Ink Market, by Resin Type
10.4.5.2.2 China: Water-Based Ink Market, by Technology
10.4.5.2.3 China: Water-Based Ink Market, by Application
10.4.5.3 Japan: Water-Based Ink Market –Revenue and Forecast to 2028 (US$ Million)
10.4.5.3.1 Japan: Water-Based Ink Market, by Resin Type
10.4.5.3.2 Japan: Water-Based Ink Market, by Technology
10.4.5.3.3 Japan: Water-Based Ink Market, by Application
10.4.5.4 India: Water-Based Ink Market –Revenue and Forecast to 2028 (US$ Million)
10.4.5.4.1 India: Water-Based Ink Market, by Resin Type
10.4.5.4.2 India: Water-Based Ink Market, by Technology
10.4.5.4.3 India: Water-Based Ink Market, by Application
10.4.5.5 South Korea: Water-Based Ink Market –Revenue and Forecast to 2028 (US$ Million)
10.4.5.5.1 South Korea: Water-Based Ink Market, by Resin Type
10.4.5.5.2 South Korea: Water-Based Ink Market, by Technology
10.4.5.5.3 South Korea: Water-Based Ink Market, by Application
10.4.5.6 Rest of APAC: Water-Based Ink Market –Revenue and Forecast to 2028 (US$ Million)
10.4.5.6.1 Rest of APAC: Water-Based Ink Market, by Resin Type
10.4.5.6.2 Rest of APAC: Water-Based Ink Market, by Technology
10.4.5.6.3 Rest of APAC: Water-Based Ink Market, by Application
10.5 Middle East and Africa: Water-Based Ink Market
10.5.1 Middle East and Africa: Water-Based Ink Market –Revenue and Forecast to 2028(US$ Million)
10.5.2 Middle East and Africa: Water-Based Ink market, by Resin Type
10.5.3 Middle East and Africa: Water-Based Ink market, by Technology
10.5.4 Middle East and Africa: Water-Based Ink market, by Application
10.5.5 Middle East and Africa: Water-Based Ink Market, by Key Country
10.5.5.1 South Africa: Water-Based Ink Market –Revenue and Forecast to 2028 (US$ Million)
10.5.5.1.1 South Africa: Water-Based Ink Market, by Resin Type
10.5.5.1.2 South Africa: Water-Based Ink Market, by Technology
10.5.5.1.3 South Africa: Water-Based Ink Market, by Application
10.5.5.2 Saudi Arabia: Water-Based Ink Market –Revenue and Forecast to 2028 (US$ Million)
10.5.5.2.1 Saudi Arabia: Water-Based Ink Market, by Resin Type
10.5.5.2.2 Saudi Arabia: Water-Based Ink Market, by Technology
10.5.5.2.3 Saudi Arabia: Water-Based Ink Market, by Application
10.5.5.3 UAE: Water-Based Ink Market –Revenue and Forecast to 2028 (US$ Million)
10.5.5.3.1 UAE: Water-Based Ink Market, by Resin Type
10.5.5.3.2 UAE: Water-Based Ink Market, by Technology
10.5.5.3.3 UAE: Water-Based Ink Market, by Application
10.5.5.4 Rest of Middle East and Africa: Water-Based Ink Market –Revenue and Forecast to 2028 (US$ Million)
10.5.5.4.1 Rest of Middle East and Africa: Water-Based Ink Market, by Resin Type
10.5.5.4.2 Rest of Middle East and Africa: Water-Based Ink Market, by Technology
10.5.5.4.3 Rest of Middle East and Africa: Water-Based Ink Market, by Application
10.6 South America: Water-Based Ink Market
10.6.1 South America: Water-Based Ink Market –Revenue and Forecast to 2028(US$ Million)
10.6.2 South America: Water-Based Ink Market, by Resin Type
10.6.3 South America: Water-Based Ink Market, by Technology
10.6.4 South America: Water-Based Ink Market, by Application
10.6.5 South America: Water-Based Ink Market, by Key Country
10.6.5.1 Brazil: Water-Based Ink Market –Revenue and Forecast to 2028 (US$ Million)
10.6.5.1.1 Brazil: Water-Based Ink Market, by Resin Type
10.6.5.1.2 Brazil: Water-Based Ink Market, by Technology
10.6.5.1.3 Brazil: Water-Based Ink Market, by Application
10.6.5.2 Argentina: Water-Based Ink Market –Revenue and Forecast to 2028 (US$ Million)
10.6.5.2.1 Argentina: Water-Based Ink Market, by Resin Type
10.6.5.2.2 Argentina: Water-Based Ink Market, by Technology
10.6.5.2.3 Argentina: Water-Based Ink Market, by Application
10.6.5.3 Rest of South America: Water-Based Ink Market –Revenue and Forecast to 2028 (US$ Million)
10.6.5.3.1 Rest of South America: Water-Based Ink Market, by Resin Type
10.6.5.3.2 Rest of South America: Water-Based Ink Market, by Technology
10.6.5.3.3 Rest of South America: Water-Based Ink Market, by Application
11. Impact of Covid-19 Pandemic On Global Water Based Inks Market
11.1 Impact of COVID-19 on Water-based Inks Market
11.2 North America: Impact Assessment of COVID-19 Pandemic
11.3 Europe: Impact Assessment of COVID-19 Pandemic
11.4 APAC: Impact Assessment of COVID-19 Pandemic
11.5 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
11.6 South America: Impact Assessment of COVID-19 Pandemic
12. Global Water-based Inks Market -Industry Landscape
12.1 Overview
12.2 Strategy & Business Planning
12.3 New Development
12.4 Mergers and Acquisitions
13. Key Company Profiles
13.1 DIC Corporation
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Flint Group
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Sakata Inx Corporation
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Siegwerk Druckfarben AG & Co. KGaA
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Toyo Ink Sc Holdings Co., Ltd.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 T&K TOKA Co. Ltd.
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Fujifilm Corporation
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 American Inks & Technology
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Wikoff Color Corporation
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Hubergroup
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Glossary of Terms
LIST OF TABLES
Table 1. Water-based Inks Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. North America Water-based Inks Market, by Resin Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. North America Water-based Inks Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 4. North America Water-based Inks Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 5. US Water-based Inks Market, by Resin Type – Revenue and Forecast to 2028 (US$ Million)
Table 6. US Water-based Inks Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 7. US Water-based Inks Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 8. Canada Water-based Inks Market, by Resin Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. Canada Water-based Inks Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 10. Canada Water-based Inks Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 11. Mexico Water-based Inks Market, by Resin Type – Revenue and Forecast to 2028 (US$ Million)
Table 12. Mexico Water-based Inks Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 13. Mexico Water-based Inks Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 14. Europe Water-based Inks Market, by Resin Type – Revenue and Forecast to 2028 (US$ Million)
Table 15. Europe Water-based Inks Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 16. Europe Water-based Inks Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 17. Germany Water-based Inks Market, by Resin Type – Revenue and Forecast to 2028 (US$ Million)
Table 18. Germany Water-based Inks Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 19. Germany Water-based Inks Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 20. France Water-based Inks Market, by Resin Type – Revenue and Forecast to 2028 (US$ Million)
Table 21. France Water-based Inks Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 22. France Water-based Inks Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 23. Italy Water-based Inks Market, by Resin Type – Revenue and Forecast to 2028 (US$ Million)
Table 24. Italy Water-based Inks Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 25. Italy Water-based Inks Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 26. UK Water-based Inks Market, by Resin Type – Revenue and Forecast to 2028 (US$ Million)
Table 27. UK Water-based Inks Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 28. UK Water-based Inks Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 29. Russia Water-based Inks Market, by Resin Type – Revenue and Forecast to 2028 (US$ Million)
Table 30. Russia Water-based Inks Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 31. Russia Water-based Inks Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 32. Rest of Europe Water-based Inks Market, by Resin Type – Revenue and Forecast to 2028 (US$ Million)
Table 33. Rest of Europe Water-based Inks Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 34. Rest of Europe Water-based Inks Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 35. APAC Water-based Inks Market, by Resin Type – Revenue and Forecast to 2028 (US$ Million)
Table 36. APAC Water-based Inks Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 37. APAC Water-based Inks Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 38. Australia Water-based Inks Market, by Resin Type – Revenue and Forecast to 2028 (US$ Million)
Table 39. Australia Water-based Inks Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 40. Australia Water-based Inks Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 41. China Water-based Inks Market, by Resin Type – Revenue and Forecast to 2028 (US$ Million)
Table 42. China Water-based Inks Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 43. China Water-based Inks Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 44. Japan Water-based Inks Market, by Resin Type – Revenue and Forecast to 2028 (US$ Million)
Table 45. Japan Water-based Inks Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 46. Japan Water-based Inks Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 47. India Water-based Inks Market, by Resin Type – Revenue and Forecast to 2028 (US$ Million)
Table 48. India Water-based Inks Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 49. India Water-based Inks Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 50. South Korea Water-based Inks Market, by Resin Type – Revenue and Forecast to 2028 (US$ Million)
Table 51. South Korea Water-based Inks Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 52. South Korea Water-based Inks Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 53. Rest of APAC Water-based Inks Market, by Resin Type – Revenue and Forecast to 2028 (US$ Million)
Table 54. Rest of APAC Water-based Inks Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 55. Rest of APAC Water-based Inks Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 56. MEA Water-based Inks Market, by Resin Type – Revenue and Forecast to 2028 (US$ Million)
Table 57. MEA Water-based Inks Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 58. MEA Water-based Inks Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 59. South Africa Water-based Inks Market, by Resin Type – Revenue and Forecast to 2028 (US$ Million)
Table 60. South Africa Water-based Inks Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 61. South Africa Water-based Inks Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 62. Saudi Arabia Water-based Inks Market, by Resin Type – Revenue and Forecast to 2028 (US$ Million)
Table 63. Saudi Arabia Water-based Inks Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 64. Saudi Arabia Water-based Inks Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 65. UAE Water-based Inks Market, by Resin Type – Revenue and Forecast to 2028 (US$ Million)
Table 66. UAE Water-based Inks Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 67. UAE Water-based Inks Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 68. Rest of MEA Water-based Inks Market, by Resin Type – Revenue and Forecast to 2028 (US$ Million)
Table 69. Rest of MEA Water-based Inks Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 70. Rest of MEA Water-based Inks Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 71. SAM Water-based Inks Market, by Resin Type – Revenue and Forecast to 2028 (US$ Million)
Table 72. SAM Water-based Inks Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 73. SAM Water-based Inks Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 74. Brazil Water-based Inks Market, by Resin Type – Revenue and Forecast to 2028 (US$ Million)
Table 75. Brazil Water-based Inks Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 76. Brazil Water-based Inks Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 77. Argentina Water-based Inks Market, by Resin Type – Revenue and Forecast to 2028 (US$ Million)
Table 78. Argentina Water-based Inks Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 79. Argentina Water-based Inks Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 80. Rest of SAM Water-based Inks Market, by Resin Type – Revenue and Forecast to 2028 (US$ Million)
Table 81. Rest of SAM Water-based Inks Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 82. Rest of SAM Water-based Inks Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 83. Glossary of Terms, Global Water-based Inks Market
LIST OF FIGURES
Figure 1. Water-based Inks Market Segmentation
Figure 2. Water-based Inks Market Segmentation – By Geography
Figure 3. Global Water-based Inks Market Overview
Figure 4. Packaging Segment Held Largest Share of Global Water-based Inks Market
Figure 5. APAC Region Held Largest Share of Global Water-based Inks Market
Figure 6. Global Water-based Inks Market, Industry Landscape
Figure 7. North America: PEST Analysis
Figure 8. Europe: PEST Analysis
Figure 9. APAC: PEST Analysis
Figure 10. MEA: PEST Analysis
Figure 11. SAM: PEST Analysis
Figure 12. Expert Opinion
Figure 13. Water-based Inks Market Impact Analysis of Driver and Restraints
Figure 14. Geographic Overview of Water-based Inks Market
Figure 15. Water-based Inks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Global Water-based Inks Market Breakdown, By Resin Type, 2019 & 2028
Figure 17. Acrylic: Water-based Inks Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 18. Polyester: Water-based Inks Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 19. Maleic: Water-based Inks Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 20. Others: Water-based Inks Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 21. Water-based Inks Market Breakdown, By Technology, 2019 & 2028 (%)
Figure 22. Flexographic: Water-based Inks Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 23. Gravure: Water-Based Ink Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 24. Digital: Water-Based Ink Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 25. Others: Water-Based Ink Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 26. Water-based Inks Market Breakdown, By Application, 2019 & 2028 (%)
Figure 27. Packaging: Water-based Inks Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 28. Publication: Water-Based Ink Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 29. Tags and Labels: Water-Based Ink Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 30. Others: Water-Based Ink Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 31. Global Water-Based Ink Market Revenue Share, by Region (2019 and 2028)
Figure 32. North America: Water-Based Ink Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. North America: Water-Based Ink Market Revenue Share, by Resin Type (2019 and 2028)
Figure 34. North America: Water-Based Ink Market Revenue Share, by Technology (2019 and 2028)
Figure 35. North America: Water-Based Ink Market Revenue Share, by Applications (2019 and 2028)
Figure 36. North America: Water-Based Ink Market Revenue Share, by Key Country (2019 and 2028)
Figure 37. US: Water-Based Ink Market –Revenue and Forecast to 2028 (US$ Million)
Figure 38. Canada: Water-Based Ink Market –Revenue and Forecast to 2028 (US$ Million)
Figure 39. Mexico: Water-Based Ink Market –Revenue and Forecast to 2028 (US$ Million)
Figure 40. Europe: Water-Based Ink Market – Revenue and Forecast to 2028 (US$ Million)
Figure 41. Europe: Water-Based Ink Market Revenue Share, by Resin Type (2019 and 2028)
Figure 42. Europe: Water-Based Ink Market Revenue Share, by Technology (2019 and 2028)
Figure 43. Europe: Water-Based Ink Market Revenue Share, by Application (2019 and 2028)
Figure 44. Europe: Water-Based Ink Market Revenue Share, by Key Country (2019 and 2028)
Figure 45. Germany: Water-Based Ink Market –Revenue and Forecast to 2028 (US$ Million)
Figure 46. France: Water-Based Ink Market –Revenue and Forecast to 2028 (US$ Million)
Figure 47. Italy: Water-Based Ink Market –Revenue and Forecast to 2028 (US$ Million)
Figure 48. UK: Water-Based Ink Market –Revenue and Forecast to 2028 (US$ Million)
Figure 49. Russia: Water-Based Ink Market –Revenue and Forecast to 2028 (US$ Million)
Figure 50. Rest of Europe: Water-Based Ink Market –Revenue and Forecast to 2028 (US$ Million)
Figure 51. APAC: Water-Based Ink Market – Revenue and Forecast to 2028 (US$ Million)
Figure 52. APAC: Water-Based Ink Market Revenue Share, by Resin Type (2019 and 2028)
Figure 53. APAC: Water-Based Ink Market Revenue Share, by Technology (2019 and 2028)
Figure 54. APAC: Water-Based Ink Market Revenue Share, by Application (2019 and 2028)
Figure 55. APAC: Water-Based Ink Market Revenue Share, by Key Country (2019 and 2028)
Figure 56. Australia: Water-Based Ink Market –Revenue and Forecast to 2028 (US$ Million)
Figure 57. China: Water-Based Ink Market –Revenue and Forecast to 2028 (US$ Million)
Figure 58. Japan: Water-Based Ink Market –Revenue and Forecast to 2028 (US$ Million)
Figure 59. India: Water-Based Ink Market –Revenue and Forecast to 2028 (US$ Million)
Figure 60. South Korea: Water-Based Ink Market –Revenue and Forecast to 2028 (US$ Million)
Figure 61. Rest of APAC: Water-Based Ink Market –Revenue and Forecast to 2028 (US$ Million)
Figure 62. Middle East and Africa: Water-Based Ink market – Revenue and Forecast to 2028 (US$ Million)
Figure 63. Middle East and Africa: Water-Based Ink Market Revenue Share, by Resin Type (2019 and 2028)
Figure 64. Middle East and Africa: Water-Based Ink Market Revenue Share, by Technology (2019 and 2028)
Figure 65. Middle East and Africa: Water-Based Ink Market Revenue Share, by Application (2019 and 2028)
Figure 66. Middle East and Africa: Water-Based Ink Market Revenue Share, by Key Country (2019 and 2028)
Figure 67. South Africa: Water-Based Ink Market –Revenue and Forecast to 2028 (US$ Million)
Figure 68. Saudi Arabia: Water-Based Ink Market –Revenue and Forecast to 2028 (US$ Million)
Figure 69. UAE: Water-Based Ink Market –Revenue and Forecast to 2028 (US$ Million)
Figure 70. Rest of Middle East and Africa: Water-Based Ink Market –Revenue and Forecast to 2028 (US$ Million)
Figure 71. South America: Water-Based Ink Market – Revenue and Forecast to 2028 (US$ Million)
Figure 72. South America: Water-Based Ink Market Revenue Share, by Resin Type (2019 and 2028)
Figure 73. South America: Water-Based Ink Market Revenue Share, by Technology (2019 and 2028)
Figure 74. South America: Water-Based Ink Market Revenue Share, by Application (2019 and 2028)
Figure 75. South America: Water-Based Ink Market Revenue Share, by Key Country (2019 and 2028)
Figure 76. Brazil: Water-Based Ink Market –Revenue and Forecast to 2028 (US$ Million)
Figure 77. Argentina: Water-Based Ink Market –Revenue and Forecast to 2028 (US$ Million)
Figure 78. Rest of South America: Water-Based Ink Market –Revenue and Forecast to 2028 (US$ Million)
Figure 79. Impact of COVID-19 Pandemic on Water-based Inks Market in North American Countries
Figure 80. Impact of COVID-19 Pandemic on Water-based Inks Market in European Countries
Figure 81. Impact of COVID-19 Pandemic on Water-based Inks Market in APAC
Figure 82. Impact of COVID-19 Pandemic on Water-based Inks Market in Middle East and Africa
Figure 83. Impact of COVID-19 Pandemic on Water-based Inks Market in South America
The List of Companies - Water-based Inks Market
- DIC Corporation
- Flint Group
- Hubergroup
- Sakata Inx Corporation
- Siegwerk Druckfarben AG & Co. KGaA
- T&K TOKA Co. Ltd.
- Toyo Ink SC Holdings Co., Ltd.
- Fujifilm Holdings Corporation
- American Inks & Technology
- Wikoff Color Corporation
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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