Middle East and Africa Water-Based Inks Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Resin Type (Acrylic, Polyester, Maleic, and Others), Technology (Flexographic, Gravure, Digital, and Others), and Application (Packaging, Publication, Tags and Labels, and Others)

TIPRE00023614 | Pages: 122 | Chemicals and Materials | Jul 2021 | Type: Regional | Status: Published

Market Introduction

The Middle East and Africa region include countries such as South Africa, Saudi Arabia, UAE, and the Rest of the Middle East and Africa. The Middle East & Africa is an evolving market for various industries such as medical, defense, automotive, and others. The Middle East & Africa market is experiencing rapid development with the growth of markets such as Dubai, Abu Dhabi, and Iran. New investment and better marketing strategies have led to the capture of market share in the Middle East and African Region. The shift in consumer lifestyles, coupled with industrialization and urbanization, enhances construction activities, which is eventually expected to stimulate the demand for the water-based ink market. As there is an increase in sales of products, the packaging market is also growing to cater to the needs of both the consumers and retailers. Countries like Qatar have disposable income which has led to an increase in purchasing power which will drive the packaging market in Middle East and Africa. The key determining factors of packaging are varying consumer trends, light weight of the products, different sizes, shelf life and ease of recycling.

Saudi Arabia has the highest number of COVID-19 cases in the Middle East & Africa, followed by Turkey and UAE, among others. The UAE was the first country in the Middle East & Africa to report a confirmed case of COVID-19. Due to lockdown in Middle East & African countries, various chemicals & materials companies remain closed which led to the reduction in the sale of various products which has drastically altered the growth status of the water-based Inks industry. The outbreak has distorted operational efficiency and disrupted the value chains due to the sudden shutdown of national and international boundaries, creating revenue loss and damage. The disturbed value chain has had a negative impact on raw material supply. However, as the economies are planning to revive their operations, the demand for water-based Inks is expected to rise in the coming months.


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Market Overview and Dynamics

The water-based inks market in Middle East & Africa is expected to grow from US$ 462.34 million in 2020 to US$ 607.34 million by 2028; it is estimated to grow at a CAGR of 4.0% from 2020 to 2028. Sustainability has become a significant area of focus in advanced manufacturing set-ups, as the eco-friendly processes as well as the introduction of improved, sustainable materials have often been associated with the growth of many businesses. This is propelling the use environmentally friendly materials across the packaging industry. Printing is a significant stage in this industry. The deployment of water-based flexo printing is gaining momentum as one of the sustainable alternative in the packaging industry. The demand for water-based inks has increased due to the observations that flexo and gravure systems using water-based inks emit 50% less CO2 levels than that emitted by conventional solvent-based gravure printing systems. Such inks minimize the impact of volatile organic compounds (VOC) entering the environment, thereby contributing to the decrease in carbon footprint of the packaging process. Instead of emitting volatilized chemical solvents, water-based inks leave behind a trail of pigments, which has no impact on environment. The water-based ink significantly finds application in the reverse printing of labels along with lamination of packaging in the food & beverages industry. Other than this, such inks enable manufacturers to conform to regulatory compliances associated with the use of local chemical substances. For instance, the Toyo Ink Group are committed to the production of water-based inks by following safety standards, in line with environment sustainability. Hence, with the shift in focus toward sustainable development goals, manufacturers have reshaped their products to meet the consumer demand and address the environmental issues.

Key Market Segments

In terms of resin type, the acrylic segment accounted for the largest share of the Middle East & Africa 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.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the water-based inks market in Middle East & Africa 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; Siegwerk Druckfarben AG & Co. KGaA; T&K TOKA Co. Ltd.; Toyo Ink SC Holdings Co., Ltd.; Fujifilm Holdings Corporation; and Wikoff Color Corporation among others.

Reasons to buy report

  • To understand the Middle East & Africa water-based inks market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for Middle East & Africa water-based inks market
  • Efficiently plan M&A and partnership deals in Middle East & Africa water-based inks market by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Middle East & Africa water-based inks  market
  • Obtain market revenue forecast for market by various segments from 2020-2028 in Middle East & Africa region.

Middle East & Africa Water-Based Inks Market Segmentation

Middle East & Africa Water-Based Inks Market – By Resin Type

  • Acrylic
  • Polyester
  • Maleic
  • Others

Middle East & Africa Water-Based Inks Market – By Technology

  • Flexographic
  • Gravure
  • Digital
  • Others

Middle East & Africa Water-Based Inks Market – By Application

  • Packaging
  • Publication
  • Tags and Labels
  • Others

Middle East & Africa Water-Based Inks Market – By Country

  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of MEA

Middle East & Africa Water-Based Inks -Companies Mentioned

  • DIC Corporation                                                       
  • Flint Group                                                                
  • Siegwerk Druckfarben AG & Co. KGaA                
  • Toyo Ink SC Holdings Co., Ltd.                              
  • T&K TOKA Co. Ltd.                                                  
  • Fujifilm Corporation                                               
  • Wikoff Color Corporation                                        
  • Hubergroup                                  

TABLE OF CONTENTS

1.          Introduction

1.1        Study Scope

1.2        The Insight Partners Research Report Guidance

1.3        Market Segmentation

1.3.1        Water-based Inks Market, by Resin Type

1.3.2        Water-based Inks Market, by Technology

1.3.3        Water-based Inks Market, by Application

1.3.4        Middle East & Africa Water-based Inks Market, by Country

2.          Key Takeaways

3.          Research Methodology

3.1        Scope of the Study

3.2        Research Methodology

3.2.1        Data Collection:

3.2.2        Primary Interviews:

3.2.3        Hypothesis formulation:

3.2.4        Macro-economic factor analysis:

3.2.5        Developing base number:

3.2.6        Data Triangulation:

3.2.7        Country level data:

4.          Middle East & Africa Water-Based Inks Market Landscape

4.1        Market Overview

4.2        PEST Analysis

4.3        Expert Opinion

5.          Middle East & Africa Water-based Inks Market – Key Market Dynamics

5.1        Market Drivers

5.1.1        Steady Demand in Flexible Packaging

5.1.2        Elevating Use of Water-based Inks in Textile Printing

5.2        Market Restraints

5.2.1        Technical and Operational Limitations Pertaining to Water-based Inks

5.3        Market Opportunities

5.3.1        Accelerated Investments in Product Innovation

5.4        Future Trends

5.4.1        Gaining Focus on Sustainability

5.5        Impact Analysis of Drivers and Restraints

6.          Middle East & Africa Water-based Inks – Market Analysis

6.1        Water-based Inks Market Overview

6.2        Middle East & Africa: Water-based Ink Market – Revenue and Forecast to 2028(US$ Million)

7.          Middle East & Africa Water-based Inks Market Analysis – By Resin Type

7.1        Overview

7.2        Middle East & Africa: Water-based Ink market, by Resin Type

7.3        Acrylic

7.3.1        Overview

7.3.2        Acrylic: Water-based Inks Market – Revenue, and Forecast to 2028 (US$ Million)

7.4        Polyester

7.4.1        Overview

7.4.2        Polyester: Water-based Inks Market – Revenue, and Forecast to 2028 (US$ Million)

7.5        Maleic

7.5.1        Overview

7.5.2        Maleic: Water-based Inks Market – Revenue, and Forecast to 2028 (US$ Million)

7.6        Others

7.6.1        Overview

7.6.2        Others: Water-based Inks Market – Revenue, and Forecast to 2028 (US$ Million)

8.          Middle East & Africa Water-based Inks Market Analysis – By Technology

8.1        Overview

8.2        Middle East and Africa: Water-based Ink market, by Technology

8.3        Flexographic

8.3.1        Overview

8.3.2        Flexographic: Water-based Inks Market – Revenue, and Forecast to 2028 (US$ Million)

8.4        Gravure

8.4.1        Overview

8.4.2        Gravure: Water-based Ink Market – Revenue, and Forecast to 2028 (US$ Million)

8.5        Digital

8.5.1        Overview

8.5.2        Digital: Water-based Ink Market – Revenue, and Forecast to 2028 (US$ Million)

8.6        Others

8.6.1        Overview

8.6.2        Others: Water-based Ink Market – Revenue, and Forecast to 2028 (US$ Million)

9.          Middle East & Africa Water-based Inks Market Analysis – By Application

9.1        Overview

9.2        Middle East and Africa: Water-based Ink market, by Application

9.3        Packaging

9.3.1        Overview

9.3.2        Packaging: Water-based Inks Market – Revenue, and Forecast to 2028 (US$ Million)

9.4        Publication

9.4.1        Overview

9.4.2        Publication: Water-based Ink Market – Revenue, and Forecast to 2028 (US$ Million)

9.5        Tags and Labels

9.5.1        Overview

9.5.2        Tags and Labels: Water-based Ink Market – Revenue, and Forecast to 2028 (US$ Million)

9.6        Others

9.6.1        Overview

9.6.2        Others: Water-based Ink Market – Revenue, and Forecast to 2028 (US$ Million)

10.       Middle East & Africa Water-based Inks Market – Country Analysis

10.1      Overview

10.1.1     Middle East and Africa: Water-Based Ink Market, by Key Country

10.1.1.1       South Africa: Water-based Ink Market –Revenue and Forecast to 2028 (US$ Million)

10.1.1.1.1       South Africa: Water-based Ink Market, by Resin Type

10.1.1.1.2       South Africa: Water-based Ink Market, by Technology

10.1.1.1.3       South Africa: Water-based Ink Market, by Application

10.1.1.2       Saudi Arabia: Water-based Ink Market –Revenue and Forecast to 2028 (US$ Million)

10.1.1.2.1       Saudi Arabia: Water-based Ink Market, by Resin Type

10.1.1.2.2       Saudi Arabia: Water-based Ink Market, by Technology

10.1.1.2.3       Saudi Arabia: Water-based Ink Market, by Application

10.1.1.3       UAE: Water-based Ink Market –Revenue and Forecast to 2028 (US$ Million)

10.1.1.3.1       UAE: Water-based Ink Market, by Resin Type

10.1.1.3.2       UAE: Water-based Ink Market, by Technology

10.1.1.3.3       UAE: Water-based Ink Market, by Application

10.1.1.4       Rest of Middle East and Africa: Water-based Ink Market –Revenue and Forecast to 2028 (US$ Million)

10.1.1.4.1       Rest of Middle East and Africa: Water-based Ink Market, by Resin Type

10.1.1.4.2       Rest of Middle East and Africa: Water-based Ink Market, by Technology

10.1.1.4.3       Rest of Middle East and Africa: Water-based Ink Market, by Application

11.       Impact of Covid-19 Pandemic on Middle East & Africa Water-based Inks Market

11.1      Impact of COVID-19 on Water-based Inks Market

12.       Middle East & Africa Water-based Inks Market -Industry Landscape

12.1      Overview

12.2      Strategy & Business Planning

12.3      New Development

12.4      Mergers and Acquisitions

13.       Key Company Profiles

13.1      DIC Corporation

13.1.1     Key Facts

13.1.2     Business Description

13.1.3     Products and Services

13.1.4     Financial Overview

13.1.5     SWOT Analysis

13.1.6     Key Developments

13.2      Flint Group

13.2.1     Key Facts

13.2.2     Business Description

13.2.3     Products and Services

13.2.4     Financial Overview

13.2.5     SWOT Analysis

13.2.6     Key Developments

13.3      Siegwerk Druckfarben AG & Co. KGaA

13.3.1     Key Facts

13.3.2     Business Description

13.3.3     Products and Services

13.3.4     Financial Overview

13.3.5     SWOT Analysis

13.3.6     Key Developments

13.4      Toyo Ink Sc Holdings Co., Ltd.

13.4.1     Key Facts

13.4.2     Business Description

13.4.3     Products and Services

13.4.4     Financial Overview

13.4.5     SWOT Analysis

13.4.6     Key Developments

13.5      T&K TOKA Co. Ltd.

13.5.1     Key Facts

13.5.2     Business Description

13.5.3     Products and Services

13.5.4     Financial Overview

13.5.5     SWOT Analysis

13.5.6     Key Developments

13.6      Fujifilm Corporation

13.6.1     Key Facts

13.6.2     Business Description

13.6.3     Products and Services

13.6.4     Financial Overview

13.6.5     SWOT Analysis

13.6.6     Key Developments

13.7      Wikoff Color Corporation

13.7.1     Key Facts

13.7.2     Business Description

13.7.3     Products and Services

13.7.4     Financial Overview

13.7.5     SWOT Analysis

13.7.6     Key Developments

13.8      Hubergroup

13.8.1     Key Facts

13.8.2     Business Description

13.8.3     Products and Services

13.8.4     Financial Overview

13.8.5     SWOT Analysis

13.8.6     Key Developments

14.       Appendix

14.1      About The Insight Partners

14.2      Glossary of Terms

LIST OF TABLES

Table 1.            Water-based Inks Market –Revenue and Forecast to 2028 (US$ Million)

Table 2.            South Africa Water-based Inks Market, by Resin Type – Revenue and Forecast to 2028 (US$ Million)

Table 3.            South Africa Water-based Inks Market, by Technology – Revenue and Forecast to 2028 (US$ Million)

Table 4.            South Africa Water-based Inks Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 5.            Saudi Arabia Water-based Inks Market, by Resin Type – Revenue and Forecast to 2028 (US$ Million)

Table 6.            Saudi Arabia Water-based Inks Market, by Technology – Revenue and Forecast to 2028 (US$ Million)

Table 7.            Saudi Arabia Water-based Inks Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 8.            UAE Water-based Inks Market, by Resin Type – Revenue and Forecast to 2028 (US$ Million)

Table 9.            UAE Water-based Inks Market, by Technology – Revenue and Forecast to 2028 (US$ Million)

Table 10.          UAE Water-based Inks Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 11.          Rest of MEA Water-based Inks Market, by Resin Type – Revenue and Forecast to 2028 (US$ Million)

Table 12.          Rest of MEA Water-based Inks Market, by Technology – Revenue and Forecast to 2028 (US$ Million)

Table 13.          Rest of MEA Water-based Inks Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 14.          Glossary of Terms, Middle East & Africa Water-based Inks Market

LIST OF FIGURES

Figure 1.           Water-based Inks Market Segmentation

Figure 2.           Water-based Inks Market Segmentation – By Country

Figure 3.           Middle East & Africa Water-based Inks Market Overview

Figure 4.           Packaging Segment Held Largest Share of Middle East & Africa Water-based Inks Market

Figure 5.           Rest of MEA Region Held Largest Share of Middle East & Africa Water-based Inks Market

Figure 6.           Middle East & Africa Water-based Inks Market, Industry Landscape

Figure 7.           Middle East & Africa: PEST Analysis

Figure 8.           Expert Opinion

Figure 9.           Water-based Inks Market Impact Analysis of Driver and Restraints

Figure 10.        Middle East & Africa: Water-based Ink market – Revenue and Forecast to 2028 (US$ Million)

Figure 11.        Middle East & Africa: Water-based Ink Market Revenue Share, by Resin Type (2019 and 2028)

Figure 12.        Acrylic: Water-based Inks Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 13.        Polyester: Water-based Inks Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 14.        Maleic: Water-based Inks Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 15.        Others: Water-based Inks Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 16.        Middle East and Africa: Water-based Ink Market Revenue Share, by Technology (2019 and 2028)

Figure 17.        Flexographic: Water-based Inks Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 18.        Gravure: Water-based Ink Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 19.        Digital: Water-based Ink Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 20.        Others: Water-based Ink Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 21.        Middle East and Africa: Water-based Ink Market Revenue Share, by Application (2019 and 2028)

Figure 22.        Packaging: Water-based Inks Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 23.        Publication: Water-based Ink Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 24.        Tags and Labels: Water-based Ink Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 25.        Others: Water-based Ink Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 26.        Geographic Overview of Middle East & Africa Water-based Inks Market

Figure 27.        Middle East and Africa: Water-Based Ink Market Revenue Share, by Key Country (2019 and 2028)

Figure 28.        South Africa: Water-based Ink Market –Revenue and Forecast to 2028 (US$ Million)

Figure 29.        Saudi Arabia: Water-based Ink Market –Revenue and Forecast to 2028 (US$ Million)

Figure 30.        UAE: Water-based Ink Market –Revenue and Forecast to 2028 (US$ Million)

Figure 31.        Rest of Middle East and Africa: Water-based Ink Market –Revenue and Forecast to 2028 (US$ Million)

Figure 32.        Impact of COVID-19 Pandemic on Water-based Inks Market in Middle East & Africa

  1. DIC Corporation                                                       
  2. Flint Group                                                                
  3. Siegwerk Druckfarben AG & Co. KGaA                
  4. Toyo Ink SC Holdings Co., Ltd.                              
  5. T&K TOKA Co. Ltd.                                                  
  6. Fujifilm Corporation                                               
  7. Wikoff Color Corporation
  8. Hubergroup   
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Middle East & Africa water-based inks market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the Middle East & Africa water-based inks market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the water-based inks market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution  
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