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Gravure Printing Inks Market is anticipated to expand at a CAGR of 4.3% from 2018 to 2026
The global gravure printing inks market was valued at US$ 3,227.1 Mn in 2017 and is anticipated to expand at a CAGR of 4.3% from 2018 to 2026, according to a new report titled 'Gravure Printing Inks Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018-2026,' published by Transparency Market Research (TMR) . The global gravure printing inks market is driven by low per-unit costs offered by gravure printing.Read report Overview-
https://www.transparencymarketresearch.com/gravure-printing-ink-market.html
Rise in Demand for Gravure Printing Inks in Packaging Industry to Drive Market
Growth of the packaging industry is the primary factor boosting the global gravure printing inks market. Expansion of transportation and packaging industries across the globe, especially in developing regions, and rise in industrialization are augmenting the global gravure printing inks market.
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Gravure printing inks can be used in printing materials such as polyester, oriented polypropylene (OPP), nylon, and polyethylene (PE). This is also a key factor boosting the demand for gravure printing inks. Gravure is a preferred printing process in the packaging industry due to its ability to print on thin films such as polyester, nylon, and polyethylene. This is estimated to fuel the demand for gravure printing inks across the globe in the next few years.
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Increase in Demand for Water-based Gravure Inks Expected to Propel Market
Certain regions in the world have enacted environmental regulations regarding emission of volatile organic compounds (VOC) from solvent-based printing inks.
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Several countries around the globe are increasing the usage of water-based inks in various printing applications in order to comply with these environmental regulations. Led by their sustainability, gravure inks are replacing solvent-based inks in various applications.
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Rise in Application of Flexographic Inks to Restrain Market
Flexographic printing inks have been rapidly supplanting traditional gravure printing inks. This is expected to act as a major factor restraining the gravure printing inks market. Flexographic printing is replacing conventional gravure printing in many regions, as these inks consume less ink, require less manpower, and have fast changeover. Demand for flexographic inks in several countries in North America and Europe has increased in the last few years. This is hampering the gravure printing inks market in these regions.
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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.
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Market Overview:
The global Gravure Printing Ink market was valued at USD 3.34 billion in 2022 and expected to grow at a CAGR of 4.6% during the forecast period.
Product Definition:
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