Press release
Gravure Printing Inks Market Is Anticipated to total USD 5.7 Billion by 2031
The gravure printing inks market (Markt für Tiefdruckfarben) was estimated to have acquired US$ 3.9 billion in 2022. It is anticipated to register a 4.3% CAGR from 2023 to 2031 and by 2031, the market is likely to gain US$ 5.7 billion.Rising demand for packaged goods is a result of rapid urbanization and lifestyle changes. This is expected to increase consumer acceptance of eye-catching and educational packaging. In order to develop their identity and stand out in a congested market, brands are making use of packaging. Gravure printing makes it easier to realize complex branding components and design intricacies.
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Global Gravure Printing Inks Market: Key Players
An extremely limited number of dominant global manufacturers of gravure printing inks hold the majority of the market share. To increase their product line, the majority of gravure printing ink producers make large investments in product research and development.
With these improvements, gravure printing will be able to handle a wider variety of substrates and applications while also strengthening print quality as well as environmental sustainability.
The following companies are well-known participants in the global gravure printing inks market:
Toyo Ink SC Holdings Co. Ltd.
Sakata INX Corporation
Wikoff Color Corporation
Dainichiseika Color & Chemicals Mfg. Co., Ltd.
Siegwerk Druckfarben AG & Co. KGaA
In the next years, the growth of the gravure printing inks market is anticipated to be fueled by the expansion of the e-commerce industry. Products are protected throughout transport by packaging, which also creates an engaging unpacking experience. The demand for high-quality printing is consequently growing. Gravure printing perfectly fills this demand because to its capacity to produce lifelike pictures and complex patterns.
Key Findings of Market Report
For packaging, a variety of end users are progressively implementing eco-friendly gravure inks to reduce their environmental effect and advance sustainable practices.
With the use of water-borne gravure inks, companies can tell their customers how committed they are to sustainability.
Market Trends for Gravure Printing Inks
The nitrocellulose resin segment is anticipated to rule the market during the projected period. Inks made from nitrocellulose are renowned for their adaptability, quick drying times, and superb adherence to a variety of surfaces. They become a popular option for gravure printing purposes across sectors as a result of this fact.
Inks made from nitrocellulose stick to porous as well as non-porous materials including film, paper, and metal with ease. They may be used in periodicals, labels, packaging, and other printed items thanks to their adaptability. For high-volume printing operations, nitrocellulose inks are the best choice because of their quick drying characteristics, which considerably increase production speeds.
Inks made from nitrocellulose are renowned for their adaptability, quick drying times, vivid color reproduction, and superior adherence to a range of surfaces.
The sector's growing emphasis on sustainability is encouraging the investigation of alternative ink formulations that comply with environmental norms and laws, despite the fact that they have a number of benefits.
Global Market for Gravure Printing Inks: Regional Outlook
Various reasons are propelling the growth of the gravure printing inks market in different countries. These are:
Asia Pacific is expected to have the majority of the share from 2023 to 2031. In 2022, the area held a 42.5% share. The region's market dynamics are being fueled by the rapid industrialization and growth of the manufacturing sector, notably in nations like India, China, Japan, and South Korea.
The expansion of the market in North America is being fueled by the presence of a widely recognized packaging industry, a rise in product development investment, and a strong focus on product appearance and branding. Gravure printing inks are being used by the food and beverage, pharmaceutical, cosmetics, and other sectors in the area for high-quality printing.
Market trends in Europe are driven by mature packaging and labeling industries and the execution of strict rules regarding package information and safety. During the projection period, the industry is expected to expand slowly in the regions of Latin America, the Middle East, and Africa.
Global Gravure Printing Inks Market Segmentation
Resin
Nitrocellulose
Polyamide
Polyurethane
Acrylic
Others
Technology
Water-based
Solvent-based
Others
Application
Packaging
Publication
Furniture
Others
Region
North America
Europe
Asia Pacific
Middle East & Africa
South America
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