Digital Segment to Dominate South America Water-Based Inks Market during 2020–2028 

According to a new market research study on “South America 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$ 877.27 million by 2028 from US$ 652.94 million in 2020. The market is estimated to grow at a CAGR of 4.3% from 2020 to 2028. The report provides trends prevailing in the South America water-based inks market along with the drivers and restraints pertaining to the market growth. Enlarging focus on sustainability, fostering investments in product innovation, and greater demand in flexible packaging are the major factor driving the growth of the South America water-based inks market. However, technical and operational hindrances pertaining to water-based inks hinder the growth of South America water-based inks market.

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.

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 South 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 South 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; Toyo Ink SC Holdings Co., Ltd.; Fujifilm Holdings Corporation; and Wikoff Color Corporation are among the leading companies in the South 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 South America Water-Based Inks Market as follows:

South America Water-Based Inks Market – By Resin Type

• Acrylic
• Polyester
• Maleic
• Others

South America Water-Based Inks Market – By Technology

• Flexographic
• Gravure
• Digital
• Others

South America Water-Based Inks Market – By Application

• Packaging
• Publication
• Tags and Labels
• Others