South America Water-Based Inks Market
South America includes countries such as Brazil, Argentina, and the rest of South America. South America is another region contributing to the growth of water-based ink concerning the diversification of the application base. The continuous developments have had a positive impact on Brazil and Argentina's economy that has advanced to a large extent. The increase in population have led to an increase in the consumption of products which is going to increase the demand for packaging and will positively impact the Brazil and Argentina's water-based ink market that has advanced to a large extent. The advanced packaging styles which includes the collapsible/reusable pouches and bag-in-box and driving the usage of flexible packaging in combination with rigid packaging formats. The consolidation of the e-commerce sector in the region is expected to increase the demand for flexible packaging. The recent innovations have also made these packages eco-friendly and sustainable. Consumers in South America are preferring eco-friendly and sustainable flexible paper packaging compared to plastic packaging, which poses a significant threat to the environment. As the demand for packaging increase, the demand for water-based inks for printing purposes on the packages increase as well.
Brazil has the highest number of COVID-19 cases in South America, followed by Ecuador, Chile, Peru, and Argentina, among others. Governments of these countries have taken an array of actions to protect their citizens and contain COVID-19 spread. The region is experiencing lower export revenues, both, from the drop in commodity prices and reduction in export volumes, especially due to lowered export performance in China, Europe, and the US. Containment measures in several South American countries have reduced economic activity in the chemical and materials industry; however, the sector is likely to rebound once the country manages to control the epidemic.
Strategic insights for the South 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$ 652.94 Million |
| Market Size by 2028 | US$ 877.27 Million |
| Global CAGR (2020 - 2028) | 4.3% |
| Historical Data | 2018-2019 |
| Forecast period | 2021-2028 |
| Segments Covered |
By Resin Type
|
| Regions and Countries Covered | South and Central America
|
| Market leaders and key company profiles |
The geographic scope of the South 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 South America is expected to grow from US$ 652.94 million in 2020 to US$ 877.27 million by 2028; it is estimated to grow at a CAGR of 4.3% from 2020 to 2028. As per Flexible Packaging Association, 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 allow for better transportation of the packaged goods, along with enabling customizable designs and better life span. 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 the 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 have grown incessantly in lieu with focus towards 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.
In terms of resin type, the acrylic segment accounted for the largest share of the South 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 South 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; Toyo Ink SC Holdings Co., Ltd.; Fujifilm Holdings Corporation; and Wikoff Color Corporation among others.
The South America Water-Based Inks Market is valued at US$ 652.94 Million in 2020, it is projected to reach US$ 877.27 Million by 2028.
As per our report South America Water-Based Inks Market, the market size is valued at US$ 652.94 Million in 2020, projecting it to reach US$ 877.27 Million by 2028. This translates to a CAGR of approximately 4.3% during the forecast period.
The South 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 South America Water-Based Inks Market report:
The South 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 South America Water-Based Inks Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South 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 South America Water-Based Inks Market
