Global Water-based Inkjet Inks Market Size (2023-2030)

In 2022, the Global Water-based Inkjet Inks Market was valued at $9.39 Billion and is projected to reach a market size of $11.71 Billion by 2030. Over the forecast period of 2023-2030, the market is projected to grow at a CAGR of 2.8%.

The industry that creates, sells, and distributes the inks used in inkjet printing is known as the water-based inkjet ink market. A common printing technique called inkjet printing employs microscopic ink droplets to produce images or text on a variety of materials, including paper, cloth, plastic, and more. Water is used primarily as a solvent in the composition of water-based inkjet inks, which also contain colorants and additives. Due to their benefits over solvent-based or oil-based inks, such as low toxicity, convenience of use, and environmental friendliness, these inks are often utilized in consumer and commercial inkjet printers. Since the need for inkjet printing technology has been rising across a variety of industries, including packaging, textiles, ceramics, and advertising, the market for water-based inkjet inks has experienced rapid expansion. The market has grown as a result of the increasing acceptance of digital printing as well as growing awareness of sustainable and environmentally friendly printing options.

The market for water-based inkjet inks has been steadily expanding over the years, propelled by the rising demand for inkjet printers across a variety of industries, including commercial printing, packaging, textiles, and signs. Due to their low toxicity, ability to generate high-quality prints and environmental friendliness, water-based inks are chosen in many sectors. The market for inkjet inks as a whole is heavily dominated by water-based inks. The precise market size for water-based inkjet inks, however, may differ dependent on variables including geographic location, industry vertical, and general market dynamics. I would suggest checking market research papers, trade journals, or consulting companies with expertise in the printing and ink sectors to receive the most recent and accurate information on the current market size of the water-based inkjet inks market.

Global Water-based Inkjet Inks Market Drivers:

Boosted by advantages like shorter turnaround times and customization, digital printing across industries fuels the demand for water-based inkjet inks:

• The market for water-based inkjet inks is being significantly stimulated by the increase in digital printing applications across several sectors, including packaging, ceramics, textiles, and advertising. Demand for water-based inkjet inks is increasing as a result of the benefits that digital printing provides, including quicker turnaround times, customization options, and cost-effectiveness. There is a significant movement from solvent-based to water-based inks due to increased environmental concerns and an emphasis on sustainability. Compared to solvent-based inks, water-based inkjet inks have fewer VOC (Volatile Organic Compounds) emissions and a smaller negative environmental effect. Water-based inkjet ink usage is also being pushed by strict government rules governing the use of eco-friendly inks. The market for water-based inkjet inks is being driven by ongoing improvements in inkjet printing technology, including printhead technology, ink formulations, and color management. The application possibilities for water-based inkjet inks are growing due to improved printhead performance, greater resolution capabilities, and improved color spectrum, which is propelling market expansion.

Textile Industry Embraces Water-Based Inkjet Inks for Customization & Vibrant Colors:

• Due to rising consumer demand for packaged goods, the packaging sector is expanding significantly. Due to their great print quality, quick drying time, and substrate compatibility, water-based inkjet inks are frequently utilized in packaging applications. Therefore, the need for water-based inkjet inks is being driven by the expansion of the packaging sector. For fabric decorating and printing personalization, the textile industry is embracing digital printing processes. For printing on textiles, water-based inkjet inks are ideal because they deliver vivid colors, great color penetration, and washability. The use of water-based inkjet inks in this industry is being fueled by the rising demand for personalized and customized textiles. Digital printing technologies are progressively displacing older analog printing techniques. This change is caused by things like enhanced cost effectiveness, less waste, and higher efficiency. Water-based inkjet inks are essential for digital printing and help drive industry expansion.

Global Water-based Inkjet Inks Market Challenges:

Compared to solvent-based or oil-based inks, water-based inkjet inks may have certain drawbacks in terms of print quality and durability. Water-based inkjet inks can have trouble achieving great color vibrancy, sharpness, and resistance to fading or smudge, especially on some surfaces. Some substrate types may not be compatible with water-based inkjet inks. It may be difficult to achieve proper adhesion and drying with some materials, such as non-absorbent or specialty substrates, which can affect the overall print quality and performance. Compared to solvent-based inks, drying periods for water-based inks are often longer. This might slow down printing and reduce output, especially in high-volume manufacturing settings where quick drying is essential for smooth operations. Comparatively speaking, water-based inkjet inks can cost more than solvent-based inks. The adoption of water-based inkjet printing may be hampered by the higher prices, particularly for consumers on a tight budget or in price-sensitive sectors. Although there is a rising demand for environmentally friendly ink solutions, switching from solvent-based to water-based inks may need significant expenditures as well as modifications to printing equipment and processes. For current printing companies and manufacturers, this move may provide difficulties.

Global Water-based Inkjet Inks Market Opportunities:

Demand for environmentally friendly printing options is being driven by rising consciousness of and emphasis on sustainability. These parameters are well-aligned with water-based inkjet inks since they are non-toxic and emit little volatile organic compounds. The need for eco-friendly ink solutions is growing, and the industry has a chance to meet that demand. The development of water-based inkjet inks is made possible by the ongoing improvements in inkjet printing technology, including printhead development, ink compositions, and color management. The areas where ink makers may concentrate their efforts to satisfy changing customer expectations include improved print quality, higher print rates, and extended color range. Across a range of sectors, demand for individualized and customized products is rising. To match this trend, water-based inkjet inks are an excellent choice since they allow for the printing of varied data, unique graphics, and personalized messages. Due to its capacity to provide high-quality prints, faster lead times, and design freedom, digital printing processes are now seeing a transition in the textile sector. Due to their vivid colors, high color penetration, and wash-fastness, water-based inkjet inks are being used more and more in digital textile printing.

COVID-19 Impact on Global Water-based Inkjet Inks Market:

Lockdown measures, travel restrictions, and decreased manufacturing capabilities caused supply chains in the worldwide ink industry, notably those for water-based inkjet inks, to become disrupted. As a result, the manufacture and distribution of ink goods were hampered, which had an impact on the market's total supply. Consumer behavior and tastes underwent a major shift as a result of the epidemic. There was a rise in the need for home-based printing of personal projects, job papers, and educational materials as individuals spent more time at home. Particularly in the food and healthcare industries, there was an increase in demand for packaging for basic items. Due to its versatility with different packaging substrates, water-based inkjet inks have seen a growth in demand for printing labels, cartons, and other packaging materials. The demand for inkjet printing services, especially water-based inkjet inks, for marketing collateral and promotional materials fell as a result of advertising budget cuts and the closure or reduction of numerous enterprises.

Global Water-based Inkjet Inks Market Recent Developments:

• In June 2022, In Muskegon, for its digital printing solutions, a major inkjet printer and ink producer unveiled a new line of water-based inkjet inks. With its new ink formulas, the business concentrated on enhancing print quality, color accuracy, and environmental sustainability.
• In October 2022, a well-known company in the inkjet printing sector revealed improvements to their water-based inkjet inks for a range of uses. They introduced Ultra-Chrome inks, which had a wide color spectrum, were long-lasting, and had better adherence to various substrates.
• In June 2021, new water-based inkjet inks with better durability and adhesion qualities have been released by Sun Chemical, a top producer of printing inks and coatings, for use in packaging and other commercial applications. They concentrated on creating inks with exceptional color brightness, compatibility, and environmental resilience.

WATER-BASED INKJETS INKS MARKET REPORT COVERAGE:

Global Water-based Inkjet Inks Market Segmentation:

Global Water-based Inkjet Inks Market Segmentation: By Type

• Dye-based Inks
• Pigment-based Inks
• Hybrid Inks

Water-based inks called dye-based inks are colored using dyes. They are appropriate for situations where color intensity is a necessity since they produce rich and saturated colors. In contrast to pigment-based inks, dye-based inks often have weaker lightfastness and water resistance. They are frequently employed in fields where a high degree of color vibrancy is essential, including interior signs, graphics, and photography. Water-based inks that utilize pigments as colorants are called pigment-based inks. In comparison to dyes, pigments offer higher lightfastness, water resistance, and durability. Since pigment-based inks have good color stability, they are appropriate for outdoor uses and prints that need to be durable over time. They are frequently employed in processes like printing fine art, fabrics, labels, and packaging. Hybrid inks combine the benefits of both types of ink by blending dye-based and pigment-based inks. Hybrid inks blend color brightness with tensile strength, making them appropriate for a variety of uses such as textiles, packaging, signs, and graphics.

Global Water-based Inkjet Inks Market Segmentation: By Printer Type

• Desktop Inkjet Printers
• Large Format Inkjet Printers
• Industrial Inkjet Printers

Smaller-format printers called desktop inkjet printers are primarily created for home or business usage. They are frequently employed for smaller-scale printing of papers, images, and graphics. Due to their broad adoption by home offices, small enterprises, and individual users, desktop printers account for a sizeable percentage of the water-based inkjet inks industry. Easy usage, low cost, and adaptability for regular printing needs are some of the elements that are driving the market for water-based inkjet inks for desktop printers. Wide-format or large-format inkjet printers are made to print on larger-sized media, including banners, posters, signs, and other huge images. The market for large format printers' water-based inks is impacted by consumer desire for vivid colors, good print quality, and longevity on diverse substrates. Large format printers frequently use water-based inkjet inks because they have benefits including quick drying and compatibility with a variety of substrates. High-volume, production-grade industrial inkjet printers are used for a variety of industrial applications, including packaging, textiles, ceramics, and others. Industrial inkjet printers provide a substantial potential opportunity in the water-based inkjet inks industry. The desire for high-quality prints, color accuracy, adhesion, and durability on various surfaces are the main factors driving the use of water-based inkjet inks in industrial printers. Due to their regulatory compliance, minimal VOC emissions, and environmental friendliness, water-based inks are preferred in industrial applications.

Global Water-based Inkjet Inks Market Segmentation: By End-User

• Packaging and Labeling
• Textiles and Apparel
• Advertising and Graphics
• Publishing and Media
• Ceramics and Glass
• Others

Water-based inkjet inks are widely used in the textile sector. These inks are used to print on a variety of textiles, such as apparel, home goods, accessories, and promotional materials. Water-based inkjet inks are ideal for printing on textiles because they produce brilliant colors, have high color penetration, and are washable. Water-based inkjet inks are used by the advertising sector for a variety of products, including indoor and outdoor signs, banners, posters, billboards, and vehicle graphics. High-resolution prints are produced using water-based inks, which may be utilized on a variety of substrates. Water-based inkjet inks are commonly used in the publishing sector to print books, periodicals, brochures, and other printed goods. These inks can accurately reproduce text and graphics and have high print quality. Water-based inkjet inks are also used by the media sector to print newspapers, newsletters, and other publications. The glass and ceramics sectors both use water-based inkjet inks. On glass panels, ceramic tiles, and other ceramic or glass substrates, these inks are utilized for printing. High-quality prints with exceptional adherence and durability are produced using water-based inks.

Global Water-based Inkjet Inks Market Segmentation: By Region

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America

The North American printing market is distinguished by the presence of well-known companies in the sector, technical breakthroughs, and a high rate of adoption of digital printing technologies. Packaging, textiles, advertising, and publishing are some of the industries that are driving the need for water-based inkjet inks. Key businesses in the printing sector are heavily concentrated in Europe, and environmental rules and sustainability are receiving more attention. The need for water-based inkjet inks in Europe, in particular, is driven by the packaging sector. The need for water-based inkjet inks in this area is being driven by the textile, advertising, and packaging sectors. Brazil, Mexico, Argentina, and other nations are included in the Latin American market. The market for water-based inkjet inks in Latin America is mostly driven by the textile and packaging sectors. Due to the expanding use of digital printing technology, the expansion of the packaging and advertising sectors, and the Middle East and Africa region's market potential.

Global Water-based Inkjet Inks Market Key Players:

1. HP Inc.
2. Epson
3. Canon Inc.
4. Sun Chemical
5. Flint Group
6. Xerox Corporation
7. Siegwerk
8. Fujifilm Holdings Corporation
9. Sensient Technologies Corporation
10. Roland DG Corporation