As per the research report titled ‘Global Water Based Inks Market Size study with COVID Impact, by Process (Gravure, Flexographic, others) by Resin Type (Acrylic, Maleic, Shellac, and others) by Application (Corrugated Cardboards, Flexible Packaging, Tags & Labels Folding Cartons and others) and Regional Forecasts 2020-2027’ available with Market Study Report, global water based inks market is expected to record considerable growth over 2020-2027.
 

For the record, water-based inks are use water as their primary solvent as well as utilize other co-solvents in order to reduce the time and heat required to cure the ink film on the fabric. The inks contain dyes as well as pigments in a colloidal suspension.
 

Increasing popularity of 3D printing technology among researchers and consumers is leading to an upsurge in the demand for 3D printing inks, which in turn is augmenting the growth of global water-based inks market.
 

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Introduction of advanced and innovative technologies such as resin enhancement and pH stable ink development are stimulating the overall market outlook. However, the low speed of 3D printers due to their inability to simultaneously print images is hindering the growth of the market.
 

Based on process, global water-based inks market is split into flexographic, gravure, and others. With regards to resin type, the market is divided into shellac, maleic, acrylic, and others. Moving on to application, the market is segmented into tags & labels folding cartons, flexible packaging, corrugated cardboards, and others.
 

From a regional frame of reference, the report states that Asia-Pacific water-based inks market is estimated to record significant growth over 2020-2027. Surging demand for eco-friendly inks, predominantly in India and China are bolstering the expansion of the regional market.
 

On the other hand, Latin America is expected to emerge to be major revenue generator for worldwide water-based inks market, owing to rapidly growing packaging industry along with escalating demand for the product in the region.
 

The companies that hold a strong presence in worldwide water-based inks market include Hubergroup, T&K TOKA Co. Ltd., Nazdar Ink Technologies, Toyo Ink Co. Ltd., Color Resolutions International LLC, Siegwerk Druckfarben AG & Co. KGaA, Sakata Inx Corp., DIC Corp., and Flint Group among others.