India Water-based Inks Market:Industry Analysis and Forecast (2024-2030) by Resin Type, Technology, Application and Region

India Water-based Inks Market size was valued at USD 1.30 Bn in 2023 and is expected to reach USD 2.16 Bn by 2030, at a CAGR of 7.5 %.
India Water-based Inks Market Overview
Water-based inks use water as the primary solvent to carry pigments, making them an eco-friendly alternative to traditional inks that use plastic or PVC. These inks are ideal for printing on a variety of substrates, including cardboard and non-porous surfaces. Their environmental benefits are significant, as they reduce chemical risks and are widely recyclable, which boosts India Water-based Inks Market growth. Water-based inks also offer cost-effectiveness due to their use of low-cost organic co-solvents. They provide a soft-hand feel on fabrics, making them suitable for textiles such as baby clothes. Their versatility extends to applications in food packaging, where they prevent toxic compound migration, and in wallpaper manufacturing, where they allow for high-quality, digitally stored designs and improved indoor air quality. Water-based inks remain a popular choice for their sustainability and adaptability across various industries.

The increasing demand for sustainable printing solutions and environmentally friendly drives the India Water-based Inks Market demand. Water-based inks, which use water as the primary solvent for pigments, are gaining popularity due to their lower environmental impact as compared to solvent-based inks. This growth is stringent regulations on volatile organic compounds (VOCs) and growing consumer preference for eco-friendly products, especially in the packaging industry. Water-based inks are largely used in applications including cardboard packaging, food and beverage containers, and non-porous surfaces. The advancements in ink technology enhance performance and drying times, making these inks more versatile for a range of substrates. Their application in wallpaper manufacturing and textiles focuses on their increasing importance across various sectors. As industries continue to prioritize sustainability, the Water-based Inks industry aligns with global trends towards greener and more responsible printing practices.

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India Water-based Inks Market Driver
Increasing demand for environmentally friendly and sustainable printing solutions to Boost Market Growth

As industries shift towards greener practices, water-based inks have emerged as a sustainable alternative to traditional solvent-based inks. These inks provide several environmental benefits, including reduced volatile organic compound (VOC) emissions. These are as high as 95% lower compared to their oil-based counterparts. The adoption of water-based inks aligns with the broader industry trend towards sustainability and eco-friendliness. This provides regulatory pressures and consumer expectations for greener products driving India Water-based Inks Market share. Water-based inks are less toxic and more biodegradable, ensuring that no harmful substances leach into the environment or remain in the ecosystem. This shift is especially used in packaging applications including food packaging, where the potential for chemical migration poses a significant risk.

The versatility of water-based inks extends beyond their environmental benefits; they are effective on a range of substrates including porous materials such as cardboard and non-porous surfaces including plastic films. Their use is cost-effective due to the low-cost carrier solvents contributing to improved workplace safety by minimizing health hazards associated with ink production and application. This transition towards more sustainable printing solutions reflects a growing awareness and commitment to reducing environmental footprints across industries, boosting the increase of water-based inks in the Indian market. As businesses increasingly adopt these eco-friendly inks, the India Water-Based Inks market is expected to experience significant growth, driven by environmental regulations and a shift in consumer and corporate preferences towards more sustainable practices.

The higher initial cost associated with water-based inks compared to traditional solvent-based inks to Hamper Industry Growth

The transition is financially challenging for many businesses despite the growing interest and acceptance of water-based technologies, particularly in the flexible packaging sector. The Indian printing ink industry, especially within flexible packaging, is currently experiencing considerable strain due to the persistent disruptions in raw material availability and pricing that have continued beyond the pandemic. The ongoing global challenges, including the impact of the current geopolitical situation on energy costs and logistics, have exacerbated the rise in raw material costs, affecting pigments, resins, solvents, and additives. Solvents, which constitute a main component of printing ink formulations, remain scarce, driving up prices.

The cost of transitioning to water-based inks includes the price of the inks themselves and the necessary upgrades in equipment and technology to ensure efficient application and drying processes. This is a significant deterrent, especially for small and medium-sized enterprises (SMEs) that struggle to allocate sufficient funds for such investments, which restrain India Water-based Inks Market growth. The water-based inks generally require longer drying times and specific environmental conditions, such as controlled humidity and temperature, which increase operational costs and complicate the production process. These factors collectively make the switch to water-based inks a considerable financial and logistical challenge.

Despite their environmental benefits and compliance with regulations limiting volatile organic compounds (VOCs), the higher costs and operational adjustments needed for water-based inks hinder their widespread adoption. Companies carefully consider raw material selection to ensure safety and reduce fire hazards associated with static electricity and flammable solvents. However, the immediate financial implications of transitioning to water-based inks outweigh these long-term benefits. As such, the higher initial costs associated with water-based inks remain a critical restraint in the India Water-Based Inks market, restraining the speed and extent of their adoption across the industry.
India Water-based Inks Market Segment Analysis
By Resin Type, the market is segmented into Acrylic, Polyester, Maleic and Others. Acrylic is expected to dominate the India Water-based Inks Market. Acrylic emulsions, particularly in water-based inks, are indispensable due to their exceptional properties such as excellent adhesion, water resistance, and clarity. These acrylic resins provide high-quality and durable prints essential for packaging and promotional materials. The shift towards sustainable packaging solutions has elevated the demand for water-based inks with acrylic resins, which comply with stringent regulatory requirements for low volatile organic compound (VOC) emissions, making them an environmentally friendly option.



The economic and environmental benefits of acrylic resins contribute significantly to their leading market position. Acrylic-based water inks are relatively cost-effective, providing a competitive edge for manufacturers, which boosts India Water-based Inks industry growth. Their production process involves fewer hazardous chemicals, aligning with the growing emphasis on sustainable manufacturing practices.

1. For instance, Kamicryl-2140 OPV offers ready Overprint Varnish, while Kamicryl-2038 provides a 30% resin solution, both of which are against Joncryl-678, a well-known industry standard. These products illustrate how acrylic emulsions cater to the diverse needs of the printing industry, offering superior performance and environmental compliance. The versatility of acrylic resins allows them to be used in a wide range of applications, from packaging and labels to brochures and other promotional materials. Their excellent adhesion ensures that the ink firmly attaches to various substrates, including paper, cardboard, and plastic, providing a durable and long-lasting print. The water resistance offered by acrylic resins makes them suitable for packaging applications where exposure to moisture is a concern.
India Water-based Inks Market Regional Insights
West India is expected to dominate the India Water-based Inks industry over the forecast period. The western region of India, about key states such as Maharashtra, Gujarat, and Rajasthan, stands as the dominant force in the India Water-based Inks Market demand. This prominence is driven by the region's well-established industrial infrastructure and a high concentration of printing and packaging companies. Cities such as Mumbai and Pune in Maharashtra are crucial to this dominance. Mumbai, as an industrial and commercial hub, has numerous printing and packaging companies. This is driven by the demand for water-based inks due to their eco-friendly nature and regulatory compliance. The western region's advanced logistics and supply chain infrastructure also facilitate efficient distribution, ensuring the widespread availability and adoption of water-based inks across various industries.

Gujarat state has a robust industrial base, including a thriving chemical and manufacturing sector. Cities such as Ahmedabad and Vadodara are prominent centers for the printing and packaging industries, fostering the demand for water-based inks owing to their environmental benefits. Gujarat's industrial policies and investment-friendly environment enhance the market's growth, attracting companies seeking sustainable solutions. Rajasthan's strategic location and growing industrial sector contribute to the western region's market leadership. The state's initiatives to encourage sustainable industrial practices and the adoption of advanced technologies in the printing sector bolster the demand for water-based inks. The combined industrial capabilities, infrastructural development, and focus on sustainability in these states make the western region a dominant player in the India Water-based Inks Market.
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India Water-based Inks Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
USD 1.30 Bn.


Forecast Period 2024 to 2030 CAGR:
7.5%
Market Size in 2030:
USD 2.16 Bn.


 Segments Covered:
By Resin Type
Acrylic
Polyester
Maleic
Others


By Technology
Flexography
Gravure
Digital
Others


by Application
Packaging
Publication
Tags & Labels
Others



India Water-based Inks Market, by Region
North India
East India
West India
South India
India Water-based Inks Market, Key Players
1. Micro Inks (Huber group)
2. DIC India
3. Sakata
4. Siegwerk
5. Flint and Toyo
6. Sun Chemical Corporation
7. Flint Group
8. Siegwerk Druckfarben AG & Co. KGaA
9. Toyo Ink SC Holdings Co.
10. Huber Group
11. Wikoff Color Corporation
12. Doneck Euroflex S.A.Sebek Inks
13. Dolphin Inks
14. BCM Inks
15. Chimigraf
16. Group (Luxembourg)
17. DIC Corporation
18. Sakata Inx
19. T&K Toka
20. Siegwerk
21. Color Resolution International
22. Clariant Corporation

Frequently Asked Questions:
1] What is the growth rate of the India Water-based Inks Market?
Ans. The India Water-based Inks Market is growing at a significant rate of 7.5 % during the forecast period.

2] Which region is expected to dominate the India Water-based Inks Market?
Ans. West India is expected to dominate the India Water-based Inks Market during the forecast period.

3] What is the expected India Water-based Inks Market size by 2030?
Ans. The India Water-based Inks Market size is expected to reach USD 2.16 Bn by 2030.

4] Which are the top players in the India Water-based Inks Market?
Ans. The major top players in the India Water-based Inks Market are Micro Inks (Huber group), DIC India, Sakata, Siegwerk, Flint and Toyo,Sun Chemical Corporation,Flint Group, Siegwerk Druckfarben AG & Co. KGaA and Others.

5] What are the factors driving the India Water-based Inks Market growth?
Ans. The environmental regulations and sustainability and increase in the packaging industry are expected to drive market growth during the forecast period.