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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.
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 –
Other prominent vendors in the market include 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.
The packaging industry was the dominant segment during 2014, and its market consumption is expected to reach 400 kilotons by the end of 2019. The growth of this sector is due to the increase in the use of these inks for flexible packaging purposes in the food industry globally.
The flexography process accounted for 82% of the consumption share during 2014 and is expected to grow at a rate of 5% during the forecast period. The major end-uses of flexographic printing process includes printing on corrugated board cartons, flexible packaging, bags and sacks, labels, shrink sleeves, folding cartons, newspapers, and envelopes among others.
The paper and paperboard substrate segment is expected to dominate the market during the forecast period. Liquid waterborne printing inks are extensively used in the printing industry on paper and paperboard substrates through the flexographic printing process, as a result of these substrates' absorbent nature.
EMEA accounted for 40% of the market share during 2014 and is expected to grow at a rate of 5% during the forecast period. The stringent regulations imposed by the EU on the printing industry regarding inks containing high VOC content has fueled the growth of the market in this region. The consumption of liquid waterborne printing inks in the European region is largely from the printing industry in Western Europe, led by France, Germany, and Italy.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by application
PART 07: Market segmentation by retail format
PART 08: Market segmentation by raw material
PART 09: Geographical segmentation
PART 10: Key leading countries
PART 11: Market drivers
PART 12: Impact of drivers
PART 13: Market challenges
PART 14: Impact of drivers and challenges
PART 15: Market trends
PART 16: Vendor landscape
PART 17: Key vendor analysis
PART 18: Appendix
PART 19: Explore Technavio
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