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Middle East & Africa Water-Based Inks Market Forecast to 2028 - COVID-19 Impact & Regional Analysis By Resin Type, Technology, & Application

Middle East & Africa Water-Based Inks Market Forecast to 2028 - COVID-19 Impact & Regional Analysis By Resin Type, Technology, & Application

  • July 2021
  • 122 pages
  • ID: 6134709
  • Format: PDF
  • The Insight Partners


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The water-based inks market in Middle East & Africa is expected to grow from US$ 462.34 million in 2020 to US$ 607.34 million by 2028; it is estimated to grow at a CAGR of 4.0% from 2020 to 2028. As per Flexible Packaging Association, flexible packaging is a type of packaging or any part of the packaging made from a non-rigid structure, and it can be easily molded into different shapes. This type of packaging allow for better transportation of the packaged goods, along with enabling customizable designs and better life span. The inks used in flexible packaging help enhance the overall graphic representation and maintain the quality of imprinted images during phases such as manufacturing, packaging, and transportation, as well as at the time of the final use of the product. Earlier, solvent-based inks were extensively in use, instead of the water-based inks, due to drawbacks associated with the latter, such as lower printing speeds, slower water evaporation, improper wetting mechanism, and imperfect printability on critical substrates. However, the demand for water-based inks have grown incessantly in lieu with focus towards sustainability. The advancements in printing techniques such as deployment of improved resins, better ink formulation, and high-performance printing equipment have helped printing manufacturers to overcome the drawbacks of water-based inks. These developments have enabled the water-based inks to meet the performance standards associated with flexible packaging materials. Marabu is involved in production and supply of water-based inkjet inks used in flexible packaging of the food & beverages industry products as well as the consumer goods industry products, such as cardboard boxes, toys, and digitally printed wallpapers.
Saudi Arabia has the highest number of COVID-19 cases in the Middle East & Africa, followed by Turkey, and the UAE, among others.The UAE was the first country in the Middle East & Africa to report a confirmed case of COVID-19.

Due to lockdown in Middle East & African countries, various chemicals & materials companies remain closed which led to the reduction in the sale of various products which has drastically altered the growth status of the water-based Inks industry.The outbreak has distorted operational efficiency and disrupted the value chains due to the sudden shutdown of national and international boundaries, creating revenue loss and damage.

The disturbed value chain has had a negative impact on raw material supply. However, as the economies are planning to revive their operations, the demand for water-based Inks is expected to rise in the coming months.
The packaging segment led the water-based inks market based on application in 2019.The “Sustainable Development Goals”, “Plastic Waste”, “Circular Economy” as well as “The Paris Agreement” have led to initiatives addressing the issue of packaging industries having an adverse environmental impact.

Water-based inks are is considered as a solution for sustainable packaging.As compared to conventional solvent-based gravure printing, water-based flexo, as well as gravure painting, can reduce more than 50% of the carbon dioxide emissions.

It also reduced the VOC emissions during the printing of packaging for a cleaner pressroom environment which helps in reducing the packaging’s carbon footprint.The developments in ink formation, resin chemistry, and printing equipment have enabled the water-based inks to match the performance standards of the solvent-based inks used in flexible packaging.

Water-based inks can also reduce cost as there is no investment required for solvent incineration as well as solvent recovery.
The overall Middle East & Africa water-based inks market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.

The process also serves the purpose of obtaining overview and forecast for the Middle East & Africa water-based inks market with respects to all the segments pertaining to the region.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic.

The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the Middle East & Africa water-based inks market.DIC Corporation; Flint Group; Hubergroup; 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 a few players operating in the Middle East & Africa water-based inks market.

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