North America Water-Based Inks Market
The North American region comprises developed economies such as the U.S. and Canada, as well as Mexico as a developing nation. The companies are continuously enhancing their overall business processes to meet the customers' demands in the best possible way. Several domestic and international companies operating in the water-based ink market have a strong foothold in the North American region. In this region, the United States is a significant market for water-based ink. The North American region primarily supports the growth of the water-based ink market through effective manufacture and trade policies. A water-based ink is a type of ink which basically contains either pigment or dyes which are in a colloidal suspension with water as a solvent. The main solvent which is used in the production of water-based solvent is water, but the inks may contain other co-solvents which will decrease the time and heat which is necessary to cure the ink film on fabric. The growth in flexible packaging, increase in demand for inks as well as environmental and safety concerns has led to an increase in the demand for water-based inks in the North American market.
The US has the highest number of confirmed cases of coronavirus, among all key countries in the region. This is likely to impact the overall chemical and materials industry including printing inks in the region. Travel restrictions result into postponements and/or cancellations of conferences. North America being the significant contributor in printing inks & coating market these conferences are medium to share information related to latest technologies, product innovations and trends in relevant market which helps the companies to realign their strategies. Cancellations of technological events has impacted the growth of water-based inks market indirectly
Strategic insights for the North America Water-Based Inks provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2020 | US$ 2,081.40 Million |
| Market Size by 2028 | US$ 2,996.20 Million |
| Global CAGR (2020 - 2028) | 5.3% |
| Historical Data | 2018-2019 |
| Forecast period | 2021-2028 |
| Segments Covered |
By Resin Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The geographic scope of the North America Water-Based Inks refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The water-based inks market in North America is expected to grow from US$ 2,081.40 million in 2020 to US$ 2,996.20 million by 2028; it is estimated to grow at a CAGR of 5.3% from 2020 to 2028. Product innovations and technological advancements in the printing industry are providing lucrative growth opportunity to the water-based ink market players. Based on rise in effective research and development activities to understand consumer preference as well as increase in investments by emerging and innovative players, paradigm shift has been observed in the technology associated with water-based inks printing techniques. The monitoring of pH balance in water-based inks is necessary to enhance the overall print and color quality. Further, in 2020, Emerald Publishing Limited cited the development of new water-based flexographic ink composed of selected copolymers and ter-polymer nanoparticles, along with pigments and other additional ingredients. Such inks display enhanced rheological features and pH stability, higher degree of dispersion, resistance to water, and color density, among other properties. Additionally, the use of advanced resins in the formulation of water-based ink structures provides immense growth opportunities to the market players. Furthermore, the deployment of gravure ink based on eco-friendly solvents is gaining traction in printing processes. Researchers and manufacturers are highly inclined toward exploring the efficiency of water-based inks in smart design printing. Additionally, water-based ink producers have come up with new products that help to reduce VOC emissions, thereby addressing the concerns pertaining to odor, along with conforming to government regulations and global standards. Moreover, hybrid water-based ink formulations promote better adhesion compared to current ink technologies.
In terms of resin type, the acrylic segment accounted for the largest share of the North America water-based inks market in 2019. In terms of technology, the flexographic segment held a larger market share of the water-based inks market in 2019. Further, the packaging segment held a larger share of the market based on application in 2019.
A few major primary and secondary sources referred to for preparing this report on the water-based inks market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report 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 others.
The North America Water-Based Inks Market is valued at US$ 2,081.40 Million in 2020, it is projected to reach US$ 2,996.20 Million by 2028.
As per our report North America Water-Based Inks Market, the market size is valued at US$ 2,081.40 Million in 2020, projecting it to reach US$ 2,996.20 Million by 2028. This translates to a CAGR of approximately 5.3% during the forecast period.
The North America Water-Based Inks Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Water-Based Inks Market report:
The North America Water-Based Inks Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Water-Based Inks Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Water-Based Inks Market value chain can benefit from the information contained in a comprehensive market report.
Office No. 1011, First floor, Farena Corporate Park, Magarpatta-Mundhwa road, Pune - 411028, Maharashtra, India
US:+16467917070
sales@businessmarketinsights.com
Get Free Sample For North America Water-Based Inks Market
