Asia Pacific 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)

Packaging Segment to Dominate Asia Pacific Water-Based Inks Market during 2020-2028.

According to a new market research study on “Asia Pacific 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$ 3,622.01 million by 2028 from US$ 5,371.56 million in 2020. The market is estimated to grow at a CAGR of 5.8% from 2020 to 2028. The report provides trends prevailing in the Asia Pacific water-based inks market along with the drivers and restraints pertaining to the market growth. Up-lifting investments in product innovation, enhanced focus on sustainability, and raising demand in flexible packaging are the major factor driving the growth of the Asia Pacific water-based inks market. However, technical and operational obstructions pertaining to water-based inks hinder the growth of Asia Pacific water-based inks market.

The COVID-19 is anticipated to cause a significant economic loss in Asia Pacific. The consequence and impact are likely to worsen with the spread of the virus. The governments of various AP Asia Pacific AC countries-imposed lockdown in early 2020 to restrict the spread of the virus, which, in turn, negatively impacted the production of water-based inks. The Government have asked the chemical & materials manufacturers to delay their production which will adversely affect the global supply of water-based inks. However, the demand for corrugated and paper packaging have experienced moderate growth even during the lockdown in region due to consistent demand of food & consumer goods products. The packaging companies operating in region have realign their operations, restructure their production facilities and procure raw materials required for packaging products in advance to avoid imbalance between the supply and demand. This factor has indirectly supports the demand for packaging inks including water-based inks. Thus, the overall impact of COVID-19 on water-based inks market is minor as compared to other regions.

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 Asia Pacific 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 Asia Pacific 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; T&K TOKA Co. Ltd.; Toyo Ink SC Holdings Co. Ltd.; Fujifilm Holdings Corporation; and Wikoff Color Corporation are among the leading companies in the Asia Pacific 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 Paper & Board introduced HexaCode, a broad range of water-based inks produced for corrugated board, paper bags and sacks, paper shopping bags, and gift wraps. The HexaCode ink range has been designed to lessen converters’ overall total cost to print showing significant key features such as optimized resolubility, superior pH and viscosity stability, excellent print quality, and high color strength.

The report segments the Asia Pacific Water-Based Inks Market as follows:

Asia Pacific Water-Based Inks Market - By Resin Type

• Acrylic
• Polyester
• Maleic
• Others

Asia Pacific Water-Based Inks Market - By Technology

• Flexographic
• Gravure
• Digital
• Others

Asia Pacific Water-Based Inks Market - By Application

• Packaging
• Publication
• Tags and Labels
• Others

Asia Pacific Water-Based Inks Market - By Country

• Australia
• China
• India
• Japan
• South Korea
• Rest of APAC

Reasons to buy:

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Asia Pacific 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 Asia Pacific 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 Asia Pacific 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