Press release
Gravure Printing Ink Market Covid-19 Analysis With Top Key Players Flint Group, MITSU Inks Pvt. Ltd., DIC Corporation, Sakata
Growing demand for consistent high-quality printing applications is expected to propel gravure printing ink market expansion. Consistently rising demand for tags and labels used in e-commerce packaging solutions is likely to increase the adoption of the ink. Typical examples of gravure printing inks use in the packaging industry include film over-wraps, plastic bags, labels, foils, cartons, tear tapes, and wrapping papers.
There has been a significant expansion of packaging sector owing to e-commerce businesses. As per United Nations Conference on Trade and Development, the market share of e-commerce in global retail trade rose to 17% in 2020, due to the COVID-19 outbreak.
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As per an estimation by the PwC, the annual revenue of the printing industry is more than US$600 billion globally, in which the market share of the United States accounted for over 25%, at US$160 billion a year.
Asia Pacific gravure printing ink industry is predicted to witness exponential surge owing to the presence of well-established print media in India. As per the Indian Readership Survey (IRS) data, the overall readership of newspapers was recorded at 425 million in the first quarter of 2019. An increasing number of newspaper readers is likely to complement the regional inks market landscape in the coming years.
Gravure printing ink finds applications in the flexible packaging sector owing to its ability to get easily printed on a wide range of substrates such as BOPP, polyester, polypropylene, polyethylene, and others. The majority of these packaging materials are utilized in food packaging solutions.
The substantial growth in the food packaging industry on account of rising inclination towards packaged food products due to convenience and time constraints could bring lucrative growth opportunities to the industry. For instance, the global food packaging industry size was around US$303.26 billion in 2019.
Gravure printing presses allow printing on board substrates, corrugated (cardboard), metal foils, films, and other solid surfaces. These inks are broadly applied in laminates for furniture as well. However, its remarkable light to shadow density range makes it ideal for fine arts and photography reproduction.
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Some of the players in the gravure printing ink market are Flint Group, MITSU Inks Pvt. Ltd., DIC Corporation, Sakata, Siegwerk Druckfarben., Worldtex Speaciality Chemicals, CHEMICOAT, Hubergroup Deutschland GmbH, Wikoff Color, Technocrafts India., Sun Chemical, Mac-Mixu Coating & Chemicals, Dainichiseika Color & Chemicals Mfg. Co., Ltd, etc.
Gravure printing ink Market, By resin type, 2014-2025
• Nitrocellulose
• Polyamide
• Polyurethane
• Acrylic
• Others
Gravure printing ink Market, By Application, 2014-2025
• Publication
• Packaging
• Furniture
• Others (Wallpaper, Wrapping Paper, Textile, and Label)
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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