Sales of Gravure Printing Inks Market Market is Set to Increase at Under 4.3% CAGR by 2031

Gravure printing is a high-quality, high-speed printing process primarily used for long print runs such as magazines, catalogs, packaging, and decorative prints. Gravure printing inks play a crucial role in this process, ensuring sharp, vibrant images and text. The global gravure printing inks market is expected to witness significant growth from 2023 to 2031, driven by increasing demand from the packaging industry and technological advancements in ink formulations.

Market Size and Growth

The gravure printing inks market is projected to grow at a CAGR of 4.3% during the forecast period, reaching a market value of US$ 2.9 Bn by 2031. The market growth can be attributed to the expanding packaging industry, especially in emerging economies, and the growing demand for high-quality prints in various applications.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐚 𝐬𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐫𝐞𝐩𝐨𝐫𝐭 𝐚𝐭 (𝐔𝐬𝐞 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐌𝐚𝐢𝐥 𝐈𝐝 𝐟𝐨𝐫 𝐐𝐮𝐢𝐜𝐤 𝐑𝐞𝐬𝐩𝐨𝐧𝐬𝐞) - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2196&utm_source=OpenPR_Sudha&utm_campaign=OpenPR

Market Segmentation

By Service Type: The market can be segmented into water-based, solvent-based, and UV-cured gravure printing inks. Water-based inks are expected to witness the fastest growth due to their eco-friendly nature and low VOC emissions.
By Sourcing Type: Gravure printing inks can be sourced from OEMs or aftermarket suppliers. The aftermarket segment is expected to dominate the market, driven by the availability of a wide range of products and competitive pricing.
By Application: The market is segmented into packaging, publications, advertising, and others. The packaging segment is expected to hold the largest market share, driven by the increasing demand for flexible packaging solutions.
By Industry Vertical: The market caters to industries such as food and beverage, pharmaceuticals, cosmetics, and others. The food and beverage industry is expected to be the largest consumer of gravure printing inks, followed by the pharmaceutical industry.
By Region: The market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to dominate the market, driven by the rapid industrialization and increasing demand for packaged goods in countries like China and India.

Regional Analysis

Asia Pacific: The largest market for gravure printing inks, driven by the presence of key manufacturers and high demand from end-user industries.
Europe: A mature market with steady growth, fueled by technological advancements and stringent regulations promoting eco-friendly inks.
North America: Witnessing steady growth due to the growing demand for packaged goods and innovations in printing technologies.

𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐟𝐨𝐫 𝐒𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬: https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=2196&utm_source=OpenPR_Sudha&utm_campaign=OpenPR

Market Drivers and Challenges

Drivers: Increasing demand for packaged goods, technological advancements in ink formulations, and the growing popularity of gravure printing in the advertising industry.
Challenges: Rising environmental concerns regarding VOC emissions, fluctuating raw material prices, and competition from digital printing technologies.

Market Trends
Shift towards Water-Based Inks: Growing environmental concerns are driving the shift towards water-based gravure inks.
Digitalization of Printing: The adoption of digital printing technologies is increasing, posing a challenge to traditional gravure printing.
Focus on Sustainable Inks: Manufacturers are focusing on developing sustainable inks with low VOC emissions and eco-friendly formulations.

Competitive Landscape

The gravure printing inks market is highly competitive, with key players focusing on product innovation, mergers, and acquisitions to gain a competitive edge. Some of the key players in the market include Toyo Ink SC Holdings Co., Ltd., Sakata INX Corporation, Wikoff Color Corporation, Dainichiseika Color & Chemicals Mfg. Co., Ltd., Siegwerk Druckfarben AG & Co. KGaA, Huber Group, Tokyo Printing Ink Mfg. Co., Ltd., DIC Corporation, FUJIFILM Holdings Corporation, Marabu GmbH & Co. KG.

𝐇𝐚𝐯𝐞 𝐀𝐧𝐲 𝐐𝐮𝐞𝐫𝐲? 𝐀𝐬𝐤 𝐓𝐨 𝐀𝐧𝐚𝐥𝐲𝐬𝐭: https://www.transparencymarketresearch.com/sample/sample.php?flag=ASK&rep_id=2196&utm_source=OpenPR_Sudha&utm_campaign=OpenPR

Future Outlook

The gravure printing inks market is expected to witness steady growth during the forecast period, driven by the increasing demand for high-quality prints in various industries. Manufacturers are likely to focus on developing eco-friendly formulations to comply with stringent regulations and meet consumer demands for sustainable products.

Key Market Study Points

Market Size and Growth: The market is expected to grow at a CAGR of X% from 2023 to 2031, reaching a market value of $XX billion.
Segmentation Analysis: The market is segmented by service type, sourcing type, application, industry vertical, and region, with Asia Pacific expected to dominate the market.

Market Drivers: Increasing demand for packaged goods, technological advancements, and growing popularity of gravure printing in advertising are key drivers.
Challenges: Rising environmental concerns, fluctuating raw material prices, and competition from digital printing technologies are key challenges.
Competitive Landscape: The market is highly competitive, with key players focusing on product innovation and strategic partnerships to gain a competitive edge.

𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 -

Bio-based Bisphenol-A Market - https://www.globenewswire.com/en/news-release/2022/10/10/2531007/0/en/Bio-based-Bisphenol-A-Market-to-reach-US-262-1-Mn-by-2031-TMR-Study.html

𝐁𝐢𝐨-𝐞𝐦𝐮𝐥𝐬𝐢𝐨𝐧 𝐏𝐨𝐥𝐲𝐦𝐞𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭- https://www.prnewswire.com/news-releases/bio-emulsion-polymers-market-to-reach-us-2-bn-by-2030-tmr-study-301644416.html

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

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𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬

Nikhil Sawlani
Transparency Market Research Inc.
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