Summary of Water-Based Printing Ink Industry News Since 2024

Market Size Growth:

The global water-based ink market size is expected to reach 93.17 billion yuan in 2024, and is projected to maintain a steady growth trend, reaching close to 120.41 billion yuan by 2031, with a compound annual growth rate (CAGR) of 3.8% over the next six years.

The global ink industry market size is expected to exceed 19.3 billion yuan in 2024, with a year-on-year growth of 12%.

Technological Progress and Application Expansion:

Water-based inks have seen further improvements in properties such as lightfastness, weather resistance, and chemical resistance, expanding their application scope from packaging printing to label printing, flexographic printing, and screen printing.

The water-based inkjet ink market is expected to grow from $563 million in 2024 to $1.25 billion by 2032, with a CAGR of 10.48%. The main market drivers include the increasing popularity of digital textile printing, eco-awareness, and the demand for high-quality and cost-effective printing solutions.

Environmental Policy Push:

With the growing global awareness of environmental protection, the demand for water-based inks continues to rise, especially in the fields of food packaging, label printing, and publication printing.

The implementation of China's first environmental ink standard and the Food Safety Law has promoted the environmental development of the ink industry in China.

Corporate Dynamics:

Lubrizol announced a strategic focus on creating water-based digital corrugated paper inks, emphasizing the growing demand for eco-friendly printing solutions with water-based inks.

Sun Chemical plans to expand its water-based ink manufacturing capabilities to meet the growing demand in the packaging and labeling sectors.