Global Rotogravure Printing Ink market research 2024, Forecast To 2033
4 Mar, 2024
The rotogravure printing ink market size has demonstrated strong growth, rising from$4.42 billion in 2023 to$4.72 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The historic growth is attributed to packaging industry growth, increased print quality requirements, popularity in flexible packaging, growth in publication printing, advancements in ink formulations, and preference for high-volume printing. Predicted growth in the upcoming years is expected to reach$6.16 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The forecasted growth is attributed to globalization of consumer goods, flexible packaging dominance, rising pharmaceutical packaging needs, evolving consumer preferences, and digital transformation in printing. Major trends in the forecast period include the 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, and focus on high-quality printing.
Global Rotogravure Printing Ink Market Key Driver
The rotogravure printing ink market is set for expansion fueled by the increasing demand for food packaging solutions worldwide. With packaging consumption in India doubling from 4.3 kg per person per annum to 8.6 kg per person per annum in 2021, and significant growth observed in the e-commerce retail packaging sector, as reported by the Indian Institute of Packaging, the need for high-quality printing inks for food packaging applications is on the rise. Rotogravure printing inks, known for their durability, cost-effectiveness, and high quality, are witnessing heightened demand in the food packaging industry, driving the growth of the rotogravure printing ink market.
Get A Free Sample Of The Global Rotogravure Printing Ink Market ReportGlobal Rotogravure Printing Ink Market Segments
The global 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
By Geography: The regions covered in the rotogravure printing ink market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
Asia-Pacific was the largest region in the rotogravure printing ink market in 2023. The regions covered in the rotogravure printing ink market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Rotogravure Printing Ink Industry Players
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.
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Rotogravure Printing Ink 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.
Rotogravure Printing Ink Global Market Report 2023 provides data on the global rotogravure printing ink market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The rotogravure printing ink market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.