Global Liquid Waterborne Printing Inks Market 2015-2019
Market outlook of liquid waterborne printing ink
Technavio’s market research analyst predicts the global liquid waterborne printing inks to grow at a CAGR of around 5% during the forecast period. The stringent regulations regarding high-VOC inks have been driving the growth of this market. For instance, in North America and Western Europe, the regulations imposed by the governments concerning the limited use of these high-VOC containing inks have encouraged the rapid adoption of liquid waterborne printing inks with negligible VOC content.
The advances being made in the water-based printing process is contributing to the market growth positively. For instance, the Flint Group introduced the Premo Film SXS printing ink that can be used in the flexographic printing process on non-absorbent oriented polypropylene and polyethylene substrates for packaging applications.
Competitive landscape and key vendors
The global liquid waterborne printing inks market is fragmented and has several regional as well as global players. The market is highly competitive and is witnessing price wars among vendors. The report predicts the market to experience a rise in consolidations during the forecast period.
The top four vendors in the market are –
Technavio Announces the Publication of its Research Report – Global Liquid Waterborne Printing Inks Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Liquid Waterborne Printing Inks Market: Flint Group, Sakata, Sun Chemical and Tokyo Ink
Other Prominent Vendors in the market are: Altana, Dainichiseika Color & Chemicals, Environmental Inks and Coatings, Huber Group, INX International Ink, Micro Inks, Royal Dutch Printing Ink Factories Van Son, Ruco Druckfarben, Sanchez, T&K Toka, Tokyo Printing Ink, and Wikoff Color.
Commenting on the report, an analyst from Technavio’s team said: “Since their inception, liquid water-based inks have only been used in limited applications in the printing industry owing to their incompatibility and inability to work efficiently with nonabsorbent substrates, the materials that are mainly used in food packaging. However, owing to the impressive advances made in the water-based printing sector in recent years, these inks are currently being used for various challenging flexible packaging operations in the food industry.”
According to the report, printers in the global printing market have started replacing solvent-borne printing inks with liquid waterborne printing inks owing to their eco-friendly characteristics and the ease of the substrate recycling. Solvent-borne inks consist of solvent-soluble hydrophobic resins, which results in ink coming out in the form of lumps during recycling of the substrate in an aqueous condition, thus adversely affecting the quality of the recycled product.
Further, the report states that the increasing popularity of electronic media is posing a threat to the printing industry. Newspapers and books are read on electronic book readers and computers, while information is exchanged via the Internet and emails.
Flint Group, Sakata, Sun Chemical, Tokyo Ink, Altana, Dainichiseika Color & Chemicals, Environmental Inks and Coatings, Huber Group, INX International Ink, Micro Inks, Royal Dutch Printing Ink Factories Van Son, Ruco Druckfarben, Sanchez, T&K Toka, Tokyo Printing Ink, Wikoff Color.