India Water-based Inks Market Growth, Overview with Detailed Analysis 2021-2029

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NikhatS 09 Jul 2024

India Water-based Inks Market size is expected to grow at a CAGR of 7.5% during the forecast period and the market size is expected to reach nearly US$ 1.74 Bn. by 2027.

India Water-based Inks Market Growth or Demand Increase or Decrease for what contain:

The India water-based inks market has been experiencing significant growth due to the increasing demand for eco-friendly and sustainable printing solutions. The shift towards water-based inks is driven by stringent environmental regulations and the rising awareness among consumers and manufacturers about the harmful effects of solvent-based inks. Key sectors such as packaging, textiles, and publishing are adopting water-based inks to reduce their environmental footprint. Additionally, advancements in ink formulation technology have improved the performance and quality of water-based inks, further boosting their adoption. Consequently, the demand for water-based inks in India is expected to continue to rise, contributing to the market's robust growth trajectory.

India Water-based Inks CAGR Estimation:

The India water-based inks market is projected to grow at a compound annual growth rate (CAGR) of approximately 8-10% over the forecast period. This estimation is driven by the increasing demand for eco-friendly and sustainable printing solutions across various industries, including packaging, textiles, and publishing. The shift towards water-based inks is fueled by stringent environmental regulations and growing consumer awareness regarding the harmful effects of solvent-based inks. Additionally, technological advancements in ink formulation have enhanced the performance and quality of water-based inks, further propelling market growth.

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India Water-based Inks Market Segmentation:

Among all the segments of Application, the packaging segment is expected to grow at the highest XX% CAGR during the forecast period, thanks to increasing demand for flexible packaging in the food and beverages sector due to its esthetic appeal and less weight, is expected to fuel the demand for packaging in the next few years. The packaging segment comprises flexible packages, tags, corrugated containers, labels, metal cans, and folding cartons. The Bureau of Indian Standards has formulated specifications for different types of Water-based Inks are Letter press Black book IS 5046 printing ink, Printing ink for general IS 2105 purpose, Halftone IS 7771, Newsprint ink black IS 8744 and Offset ink black general IS 6830 purpose.

India Water-based Inks Market Overview:

Indian economy is basically an agrarian economy and even now nearly 68% of the workforce directly or indirectly depends on agriculture. The rise in demand for phosphate fertilizers is driving the India Water-based Inks market. The growing application of sulfuric acid in the processing of fertilizers and other industrial chemicals, coupled with rising initiatives by the Government of India to collaborate with global manufacturing firms, is further expected to drive India Water-based Inks market during the forecast period.

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India Water-based Inks Market Growth or Demand in which regions??

The India water-based inks market is experiencing significant growth, driven by the increasing demand for environmentally friendly and sustainable printing solutions. Water-based inks, known for their low volatile organic compound (VOC) emissions and reduced environmental impact, are gaining popularity across various sectors such as packaging, textiles, and publishing. The shift towards these eco-friendly inks is further supported by stringent environmental regulations and heightened consumer awareness about the adverse effects of solvent-based inks. Technological advancements in ink formulation have also improved the quality and performance of water-based inks, making them a preferred choice for various applications in the Indian market.

India Water-based Inks Market Scope and Methodology:

The scope of the India water-based inks market encompasses a comprehensive analysis of the market dynamics, including growth drivers, restraints, opportunities, and trends specific to the region. This analysis covers various segments such as product types, applications, and end-use industries. The methodology employed for this market study involves a combination of primary and secondary research. Primary research includes interviews with industry experts, manufacturers, and key stakeholders, while secondary research involves the analysis of industry reports, company publications, and relevant documents. The study aims to provide an in-depth understanding of the market size, growth potential, competitive landscape, and future outlook, ensuring a holistic view of the India water-based inks market.

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India Water-based Inks Market Key Players

• Micro Inks (Huber group)
• DIC India
• Sakata
• Siegwerk
• Flint and Toyo
• Sun Chemical Corporation
• Flint Group
• Siegwerk Druckfarben AG & Co. KGaA
• Toyo Ink SC Holdings Co.
• Huber Group
• Wikoff Color Corporation
• Doneck Euroflex S.A.Sebek Inks
• Dolphin Inks
• BCM Inks
• Chimigraf
• Group (Luxembourg)
• DIC Corporation
• Sakata Inx
• T&K Toka
• Siegwerk
• Color Resolution International
• Clariant Corporation

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Key questions answered in the Market are:

• What is India Water-based Inks Market ?
• What is the growth rate of the India Water-based Inks Market?
• Which are the factors expected to drive the India Water-based Inks market growth?
• What are the different segments of the India Water-based Inks Market?
• What growth strategies are the players considering to increase their presence in India Water-based Inks ?
• What are the upcoming industry applications and trends for the India Water-based Inks Market?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the India Water-based Inks Market?
• What major challenges could the India Water-based Inks Market face in the future?
• What segments are covered in the India Water-based Inks Market?
• Who are the leading companies and what are their portfolios in India Water-based Inks Market?
• What segments are covered in the India Water-based Inks Market?
• Who are the key players in the India Water-based Inks market?

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