Press release
Water-Based Inks Market to Reach USD 21.72 Billion by 2030
Waterbased Inks Market
The global water-based inks market is projected to grow significantly, reaching nearly USD 21.72 billion by 2030, with a robust CAGR of 7.2% during the forecast period. This growth is fueled by increasing demand for eco-friendly printing solutions, particularly in flexible packaging, and heightened environmental and safety concerns.
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◉ Competitive Landscape: Key Players Driving Innovation
The water-based inks market is characterized by the presence of several key players focusing on innovation and sustainability. Notable companies include:
DIC Corporation
Flint Group
Siegwerk Druckfarben AG & Co. KGaA
Sakata Inx Corporation
Toyo Ink SC Holdings Co., Ltd.
Huber Group
T&K Toka Co., Ltd.
Royal Dutch Printing Ink Factories Van Son
Wikoff Color Corporation
Nazdar Ink Technologies
These companies are investing in research and development to produce high-quality, environmentally friendly inks that meet the evolving needs of the printing industry.
Higher Demand in Asia-Pacific Region
The Asia-Pacific region accounts for over 45% of global water-based inks demand, driven by printing hubs in China and India. The region's rapid industrialization and increasing adoption of sustainable packaging solutions are key factors contributing to this growth.
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◉ Country-Specific Insights
Growth Opportunities in Vietnam
Vietnam's burgeoning manufacturing sector and increasing exports are driving demand for sustainable packaging solutions. The adoption of water-based inks is gaining traction, particularly in the food and beverage industry, where safety and environmental considerations are paramount.
Market Trends in Thailand
Thailand's packaging industry is experiencing a shift towards eco-friendly materials. The government's initiatives to promote sustainable practices are encouraging manufacturers to adopt water-based inks, especially in flexible packaging applications.
Consolidation in Japan
Japan's printing industry is witnessing consolidation, with major players investing in sustainable technologies. The demand for water-based inks is increasing, driven by stringent environmental regulations and a focus on reducing volatile organic compound (VOC) emissions.
Updation in South Korea
South Korea is embracing advanced printing technologies, with a focus on sustainability. The country's emphasis on eco-friendly practices is leading to increased adoption of water-based inks in various applications, including textiles and packaging.
Opportunities in Singapore
Singapore's strategic location as a global trading hub is fostering growth in the printing and packaging sectors. The government's commitment to sustainability is encouraging the use of water-based inks, particularly in high-quality printing applications.
Market Growth in the United States
The United States is witnessing a significant shift towards sustainable printing solutions. In May 2024, AstroNova, Inc., a US-based electronics manufacturer, acquired MTEX NS for $26.6 million to enhance its digital printing capabilities, including water-based ink technologies.
Expansion in China
China's dominance in the printing industry is bolstered by its commitment to environmental sustainability. The country's focus on reducing pollution and adopting green technologies is driving the demand for water-based inks, especially in packaging and publishing sectors.
Trends in Europe
Europe's stringent environmental regulations are propelling the adoption of water-based inks. The region's printing industry is increasingly focusing on sustainable practices, with water-based inks becoming the preferred choice for various applications.
To learn more about the findings of this research, please check:https://www.maximizemarketresearch.com/market-report/global-water-based-inks-market/41006/
◉ Water-based Inks Market Segmentation Analysis
by Resin Type
Acrylic
Polyester
Maleic
Others
by Technology
Flexography
Gravure
Digital
Others
by Application
Packaging
Publication
Tags & Labels
Others
◉ Key Recent Developments
AstroNova, Inc., a US-based electronics manufacturer, acquired MTEX NS in May 2024 for $26.6 million. This acquisition aims to strengthen AstroNova's position in the digital printing market by integrating advanced water-based ink technologies.
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