Flexographic Segment to Dominate Europe Water-Based Inks Market during 2020–2028

According to a new market research study on “Europe Water-Based Inks Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Resin Type, Technology, and Application,” is expected to reach US$ 3,644.02 million by 2028 from US$ 2,625.10 million in 2020. The market is estimated to grow at a CAGR of 4.8% from 2020 to 2028. The report provides trends prevailing in the Europe water-based inks market along with the drivers and restraints pertaining to the market growth. Up-surging use of water-based inks in textile printing, increased demand in flexible packaging, and boosting focus on sustainability are the major factor driving the growth of the Europe water-based inks market. However, technical and operational hurdles pertaining to water-based inks hinder the growth of europe water-based inks market.

In Europe, currently the Russia and UK, followed by France, Spain, Italy, and Germany, are the hardest-hit countries by the COVID-19 pandemic. These countries are estimated to suffer an economic hit due to a lack of revenue from various industries. Other member states have implemented drastic measures and travel restrictions, including partial closing of their border. COVID-19 has also affected the supply chain of raw materials required for paints. Coating & inks at greater extent which has eventually hampered the overall manufacturing processes, research, and development activities thus impacting the market growth.

The market for water-based inks market is segmented into resin type, technology, application, and country. Based on resin type, the market is segmented into acrylic, polyester, maleic, and others. In 2019, the acrylic segment held the largest share Europe water-based inks market. Based on technology the water-based inks market is divided into flexographic, gravure, digital, and others. Flexographic held the largest share Europe water-based inks market. On the basis of application the market is segmented into packaging, publication, tags and labels, others. The packaging segment contributed a substantial share in 2019. 

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; and Wikoff Color Corporation are among the leading companies in the Europe water-based inks  market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, Flint Group announced the launch of the new generation of water-based ink technology PremoNova. PremoNova is a robust, reliable, high-performance ink with excellent results, providing enhanced print quality and consistency. The product is produced by utilizing advanced grinding technology.

The report segments the Europe Water-Based Inks Market as follows:

Europe Water-Based Inks Market – By Resin Type

• Acrylic
• Polyester
• Maleic
• Others

Europe Water-Based Inks Market – By Technology

• Flexographic
• Gravure
• Digital
• Others

Europe Water-Based Inks Market – By Application

• Packaging
• Publication
• Tags and Labels
• Others

Europe Water-Based Inks Market – By Country

• Germany
• France
• Italy
• UK
• Russia
• Rest of Europe