The water-based inks market in Europe is expected to grow from US$ 2,625.10 million in 2020 to US$ 3,644.02 million by 2028; it is estimated to grow at a CAGR of 4.8% 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 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 flexographic segment led the water-based inks market based on technology in 2019.Flexographic is type of printing process which uses a flexible relief plate.
This type of printing is mostly used to print high volumes of labels and packaging.Flexographic printing for packaging uses different types of inks which include water-based, energy curable, and solvent-based inks.
The water0based inks are mostly used for printing corrugated packaging.The flexographic water-based ink is being used more for the printing of packaging film.
This is because flexographic printing basically used much less ink than gravure printing. Thus, when the water-based ink and used which dries slowly than solvent-based ink, due to the less ink used the drying will require low energy and will facilitate superior productivity, that is, basically high-speed printing. The overall Europe water-based inks market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.
The process also serves the purpose of obtaining overview and forecast for the Europe water-based inks market with respects to all the segments pertaining to the region.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic.
The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the Europe water-based inks market.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 a few players operating in the Europe water-based inks market.
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