| Product Code: ETC11298525 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
In 2024, Nigeria continued to see significant water-based inks import shipments, with top exporters being Indonesia, India, UK, Turkey, and China. The market remained moderately concentrated, indicating a competitive landscape. However, the industry experienced a notable decline with a negative Compound Annual Growth Rate (CAGR) of -20.33% from 2020 to 2024. The growth rate in 2024 also displayed a decrease of -13.18% compared to the previous year, suggesting challenges in the market that may require further analysis and strategic planning for stakeholders involved in the water-based inks trade with Nigeria.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Nigeria Water-Based Inks Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Water-Based Inks Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Water-Based Inks Market - Industry Life Cycle |
3.4 Nigeria Water-Based Inks Market - Porter's Five Forces |
3.5 Nigeria Water-Based Inks Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Nigeria Water-Based Inks Market Revenues & Volume Share, By Resin Type, 2021 & 2031F |
3.7 Nigeria Water-Based Inks Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.8 Nigeria Water-Based Inks Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Nigeria Water-Based Inks Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for eco-friendly and sustainable products in Nigeria |
4.2.2 Government regulations promoting the use of water-based inks over solvent-based inks |
4.2.3 Growth in the packaging industry driving the demand for water-based inks |
4.3 Market Restraints |
4.3.1 High initial investment required for setting up water-based ink production facilities |
4.3.2 Limited awareness and understanding among consumers about the benefits of water-based inks |
5 Nigeria Water-Based Inks Market Trends |
6 Nigeria Water-Based Inks Market, By Types |
6.1 Nigeria Water-Based Inks Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Water-Based Inks Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Nigeria Water-Based Inks Market Revenues & Volume, By Flexographic Inks, 2021 - 2031F |
6.1.4 Nigeria Water-Based Inks Market Revenues & Volume, By Gravure Inks, 2021 - 2031F |
6.1.5 Nigeria Water-Based Inks Market Revenues & Volume, By Digital Inks, 2021 - 2031F |
6.1.6 Nigeria Water-Based Inks Market Revenues & Volume, By Screen Printing Inks, 2021 - 2031F |
6.1.7 Nigeria Water-Based Inks Market Revenues & Volume, By Offset Inks, 2021 - 2031F |
6.2 Nigeria Water-Based Inks Market, By Resin Type |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Water-Based Inks Market Revenues & Volume, By Acrylic, 2021 - 2031F |
6.2.3 Nigeria Water-Based Inks Market Revenues & Volume, By Polyurethane, 2021 - 2031F |
6.2.4 Nigeria Water-Based Inks Market Revenues & Volume, By Styrene Acrylic, 2021 - 2031F |
6.2.5 Nigeria Water-Based Inks Market Revenues & Volume, By Hybrid Resin, 2021 - 2031F |
6.2.6 Nigeria Water-Based Inks Market Revenues & Volume, By Modified Cellulose, 2021 - 2031F |
6.3 Nigeria Water-Based Inks Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 Nigeria Water-Based Inks Market Revenues & Volume, By Packaging Industry, 2021 - 2031F |
6.3.3 Nigeria Water-Based Inks Market Revenues & Volume, By Textiles, 2021 - 2031F |
6.3.4 Nigeria Water-Based Inks Market Revenues & Volume, By Commercial Printing, 2021 - 2031F |
6.3.5 Nigeria Water-Based Inks Market Revenues & Volume, By Advertising, 2021 - 2031F |
6.3.6 Nigeria Water-Based Inks Market Revenues & Volume, By Books & Publishing, 2021 - 2031F |
6.4 Nigeria Water-Based Inks Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Nigeria Water-Based Inks Market Revenues & Volume, By Printing on Cartons, 2021 - 2031F |
6.4.3 Nigeria Water-Based Inks Market Revenues & Volume, By Fabric Printing, 2021 - 2031F |
6.4.4 Nigeria Water-Based Inks Market Revenues & Volume, By Magazines & Brochures, 2021 - 2031F |
6.4.5 Nigeria Water-Based Inks Market Revenues & Volume, By Billboard Printing, 2021 - 2031F |
6.4.6 Nigeria Water-Based Inks Market Revenues & Volume, By Sustainable Printing, 2021 - 2031F |
7 Nigeria Water-Based Inks Market Import-Export Trade Statistics |
7.1 Nigeria Water-Based Inks Market Export to Major Countries |
7.2 Nigeria Water-Based Inks Market Imports from Major Countries |
8 Nigeria Water-Based Inks Market Key Performance Indicators |
8.1 Percentage of manufacturers shifting from solvent-based inks to water-based inks |
8.2 Growth in the number of water-based ink production facilities in Nigeria |
8.3 Adoption rate of water-based inks by key players in the packaging industry |
9 Nigeria Water-Based Inks Market - Opportunity Assessment |
9.1 Nigeria Water-Based Inks Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Nigeria Water-Based Inks Market Opportunity Assessment, By Resin Type, 2021 & 2031F |
9.3 Nigeria Water-Based Inks Market Opportunity Assessment, By End User, 2021 & 2031F |
9.4 Nigeria Water-Based Inks Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Nigeria Water-Based Inks Market - Competitive Landscape |
10.1 Nigeria Water-Based Inks Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Water-Based Inks Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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