September 15, 2023 07:54 ET | Source: Transparency Market Research Transparency Market Research
Wilmington, Delaware, United States, Sept. 15, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The global water-based inks market is projected to flourish at a CAGR of 3.1% from 2022 to 2031. As per the report published by TMR, a valuation of US$ 12 billion is anticipated for the market in 2031. As of 2023, the market for water-based inks is expected to close at US$ 9.1 billion. low migration uv inks
Environmental concerns have been a major driver for the adoption of water-based inks. They are considered eco-friendly due to their lower levels of volatile organic compounds (VOCs) and reduced environmental impact compared to solvent-based inks.
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The global water-based inks market is fragmented, with the presence of a small number of leading players. The leading players in the market are investing in new product development, mergers, and acquisitions to gain a competitive edge. Transparency Market Research has profiled the following players in its global market report:
Key Developments in the Water-Based Inks Market
The global packaging industry has experienced significant growth due to increased consumption of packaged goods. Water-based inks, especially in flexographic and gravure printing, have become essential for packaging applications, contributing to market expansion.
The rise of retail and e-commerce has led to increased demand for packaging materials, including corrugated boxes and cartons. Water-based inks are preferred for printing on these substrates, aligning with sustainability goals, and driving the market demand. Water-based inks enable cost-effective, on-demand printing, and are well-suited for short-run customization. The rise of e-commerce and online platforms is influencing the water-based inks market.
Key Takeaways from the Market Study
Water-based Inks Market: Key Trends and Opportunistic Frontiers
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Water-based Inks Market – Regional Analysis
Water-based Inks Market- Key Segments
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