North America Water-Based Inks Market is expected to reach US$ 2,996.20 Mn by 2028

Acrylic Segment to Dominate North America Water-Based Inks Market during 2020–2028 

According to a new market research study on “North America Water-Based Inks Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Resin Type, Technology, and Application,” the market is expected to reach US$ 2,996.20 million by 2028 from US$ 2,081.40 million in 2020. The market is estimated to grow at a CAGR of 5.3% from 2020 to 2028. The report provides trends prevailing in the North America water-based inks market along with the drivers and restraints pertaining to the market growth. Strong demand in flexible packaging, growing use of water-based inks in textile printing and widening investments in product innovation, are the major factor driving the growth of the North America water-based inks market. However, technical and operational obstacles pertaining to water-based inks hinder the growth of North America water-based inks 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.

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 North America 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 North America 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; American Inks & Technology; and Wikoff Color Corporation are among the leading companies in the North America 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 North America Water-Based Inks Market as follows:

North America Water-Based Inks Market – By Resin Type

• Acrylic
• Polyester
• Maleic
• Others

North America Water-Based Inks Market – By Technology

• Flexographic
• Gravure
• Digital
• Others

North America Water-Based Inks Market – By Application

• Packaging
• Publication
• Tags and Labels
• Others

North America Water-Based Inks Market – By Country

• US
• Canada   
• Mexico