Water-based Inks Market was valued US$ XX Mn in 2018 and is expected to reach US$ XX Mn by 2027, at CAGR of 7.5 % during forecast period of 2019 to 2027.
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Water-based ink formulations consist of surfactant, wax, and deformer additives were prepared and printed on polyethylene film substrates. India is among the fast growing Water-based Inks markets globally spurred by the rapid expansion of the national print markets. Backed by a strong mandate from key end user segments such as newsprint, publishing, package, printing, and other commercial printing, the printing ink market in India has registered strong growth in 2017 to 2018. The printing ink industry is fragmented with over 550 manufacturers and a large number of players in the un-organized sector.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
Water-based Inks Market Drivers, Restrains and Segmentation Analysis
The India Water-based Inks Market has become more competitive and price-sensitive owing to the high potential and steady growth of the Water-based Inks Market. Printing ink sector in India is estimated at XXXX tons for 2019-27, valued at around US$ XX Mn. The market witnessed a growth of around 7.5% per annum during the last 10 years. Printed packaging accounts for around XX% of the demand for printing inks in India followed by newspapers at XX%.
The applications of water-based inks is limited around highly alkaline environments as these inks are soluble in alkaline solutions, such inks cannot wet and print smoothly on difficult substrates owing to high surface energy of water molecules. The above mentioned factors hamper the growth of the water-based inks market. However, continuous innovation in water-based inks, such as development of pH stable and resins utilized inks offer potential growth opportunities for market expansion. The UV-cured printing inks are a superior alternative to traditional inks, they are used in various printing processes such as inkjet, gravure, and flexography, as they offer several benefits over the Water-based Inks. UV-cured inks do not contain Volatile Organic Compounds (VOC), since drying process is faster. Hence it may restrain the water-based inks market during the forecast period.
Among all the segments of resin type, Acrylic was highly attractive segment of the India Water-based Inks Market in 2018 and is likely to continue the trend during the forecast period because of rise for acrylic resin-based inks from the global packaging industry. Acrylic resins offer soft-film ink polymers, dry quickly, excellent resistance to ice water crinkles, high adhesion and pH stability.
In terms of technology, the flexography printing technology is one of the broadly used in printing processes such as paper, plastic, and paperboard. Market share of the flexography technology segment is projected to increase during the forecast period thanks to its ability to print of a wide variety of substrates and usage of eco-friendly printing inks for example water-based printing inks. Growth of flexible tags & labels and packaging printing industries is drive the segment during the forecast period. Commercial printing/ promotional and printed advertising together account for around XX % of the demand. Other key end user segments for Water-based Inks include books and stationery.
Among all the segments of Application, the packaging segment is expected to grow at the highest XX% CAGR during the forecast period, thanks to 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. The packaging segment comprises flexible packages, tags, corrugated containers, labels, metal cans, and folding cartons. The Bureau of Indian Standards has formulated specifications for different types of Water-based Inks are Letter press Black book IS 5046 printing ink, Printing ink for general IS 2105 purpose, Halftone IS 7771, Newsprint ink black IS 8744 and Offset ink black general IS 6830 purpose.
The report covers the market leaders such as Micro Inks (Huber group), DIC India, Sakata, Siegwerk, Flint and Toyo in India. In recent years, some players have boarded on capacity expansions, Flint Group installed new liquid ink plant in Vadodara In 2012, Siegwerk India amplified its printing ink production capacity at its plant in Bhiwadi, Rajasthan, to XXXX tons per annum from 10,000 tons per annum In 2016, DIC India assumed capacity expansion at the company’s facility in Ahmedabad, the expansion increased the unit’s capacity to XXXX tons per annum from 6,000 tons per annum.
The objective of the report is to present comprehensive analysis of Water-based Inks Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers.
The report also helps in understanding Water-based Inks Market dynamics, structure by analyzing the market segments, and project the Water-based Inks Market size. Clear representation of competitive analysis of key players by Water-based Inks Type, price, financial position, product portfolio, growth strategies, and regional presence in the Water-based Inks Market make the report investor’s guide.
Scope of the India Water-based Inks Market: Inquire before buying
Water-based Inks Market, by Resin Type
• Acrylic
• Polyester
• Maleic
• Others (including Polyurethane and Phenolic)
Water-based Inks Market, by Technology
• Flexography
• Gravure
• Digital
• Others (including Screen Printing, Sheet-fed Printing, and Offset Printing)
Water-based Inks Market, by Application
• Packaging
• Publication
• Tags & Labels
• Others (including Decorative and Product)
Water-based Inks Market, Major Players
• Micro Inks (Huber group)
• DIC India
• Sakata
• Siegwerk
• Flint and Toyo
• Sun Chemical Corporation
• Flint Group
• Siegwerk Druckfarben AG & Co. KGaA
• Toyo Ink SC Holdings Co.
• Huber Group
• Wikoff Color Corporation
• Doneck Euroflex S.A.Sebek Inks
• Dolphin Inks
• BCM Inks
• Chimigraf
• Group (Luxembourg)
• DIC Corporation
• Sakata Inx
• T&K Toka (Japan), and others
• Siegwerk
• Color Resolution International
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