Key Drivers and Market Insights in the Rotogravure Printing Ink Market: Outlook and Overview 2024-2033

The rotogravure printing ink market size has grown strongly in recent years. It will grow from $4.42 billion in 2023 to $4.72 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to packaging industry growth, increased print quality requirements, popularity in flexible packaging, growth in publication printing, advancements in ink formulations, preference for high-volume printing.

The rotogravure printing ink market size is expected to see strong growth in the next few years. It will grow to $6.16 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to globalization of consumer goods, flexible packaging dominance, rising pharmaceutical packaging needs, evolving consumer preferences, digital transformation in printing. Major trends in the forecast period include rise of digital printing technologies, technological advancements in printing equipment, focus on fast-drying inks, innovation in specialty inks, adoption of renewable and bio-based materials, focus on high-quality printing.

Market Overview -
Rotogravure printing inks are fluid inks with a very low viscosity that can be drawn into the cylinder's engraved cells and subsequently transferred to the substrate. The paper is run through gas- or electric-fired dryers to dry the ink and drive off the solvents or water, which effectively replaces much of the solvent. Before the paper gets to the next printing station on the press, the ink will have dried. Wet inks cannot be overprinted without smearing and smudging; therefore, this is required. High-volume air dryers are consequently installed after each printing station.

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Rotogravure Printing Ink Market Fueled By Rising Demand For Food Packaging
The rise in the demand for food packaging is expected to propel the growth of the rotogravure printing ink market going forward. Safe food packaging demonstrates that acceptable printing ink materials are created and utilized, and customer awareness and expectations about environmental concerns are on the rise. The rotogravure printing inks are durable, low-cost, and of high quality for food packaging applications. For instance, according to the Indian Institute of Packaging (IIP), an autonomous body of the Ministry of Commerce, Government of India, in 2021, packaging consumption in India increased by 200 percent, rising from 4.3 kg per person per annum (pppa) to 8.6 kg pppa. The e-commerce retail packaging sector has grown to 65 million monthly unique visitors, a 55 percent increase year on year. Therefore, the rise in the demand for food packaging is driving the demand for the rotogravure printing ink market.

Competitive Landscape -
Major companies operating in the rotogravure printing ink market report are DIC Corporation, Flint Group, Fujifilm Sericol India Private Limited, Hubergroup Deutschland GmbH, Yansefu Inks and Coatings Pvt. Ltd., Royal Dutch Printing Ink Factories Van Son B.V., Sakata Inx Corporation, Siegwerk Druckfarben AG And Co. KGaA, Sun Chemical Corporation, T&K Toka Co. Ltd., Tokyo Printing Ink Manufacturing Co. Ltd., Toyo Ink SC Holdings Co Ltd., Wikoff Color Corporation, Mitsu Inks Pvt. Ltd, Chemicoat Co Ltd., Worldtex Speciality Chemicals Pvt. Ltd., VirBandhu Industries, Technocrafts India Pvt. Ltd., Shivasakhti Printing Inc., Macmixu Coating And Chemicals Private Limited, INX International Ink Co., SICPA Holding SA, Marabu GmbH & Co. KG, Nutec Digital Ink LLC, BASF SE, Clariant AG, Nippon Paint Holdings Co. Ltd., DuPont de Nemours Inc., Dow Inc., Seiko Epson America corp.

Technological Advancement Driving Innovation In Rotogravure Printing Inks
Technological advancement is a key trend gaining popularity in the rotogravure printing ink market. Major companies operating in the rotogravure printing ink market are focused on developing new technological solutions to strengthen their market position. For instance, in September 2021, Flint Group US LLC, a US-based company, launched ONECode Universal Bases in Europe as part of its ONECode solvent-based ink and coating range for flexible packaging. The Universal Bases are designed to provide ultimate print flexibility and efficiency in the gravure print process. The ONECode range is designed to simplify the flexible packaging printing process and improve print quality while reducing ink consumption and waste.

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Key Segments -

The rotogravure printing ink market covered in this report is segmented -
1) By Resin Type: Polyamide, Nitrocellulose, Polyurethane, Acrylic polymers, Other Resin Types
2) By Technology: Solvent Based, Water Based
3) By Application: Packaging, Publication, Product, Promotion

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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