10-Jun-2022 | Zion Market Research
The global rotogravure printing machine market was worth around $870.6 million in 2021 and is estimated to grow to about $1120 million by 2028, with a compound annual growth rate (CAGR) of approximately 3.3% over the forecast period. The report analyzes the market’s drivers, opportunities, and the effect they have on the demands during the projection period.
Rotogravure printing machine uses the intaglio printing technique in which the design to be printed is engraved on an image carrier. Rotogravure printing machines can work only with rotary printing presses. The main components of rotogravure printing machines are an engraved cylinder, an impression roller, a doctor blade assembly, an ink fountain, and a dryer. The global rotogravure printing machine market is spread across sectors like outer packaging of edible & non-edible products, transfer printing, and wallpapers. The global market has a presence in industrial, tobacco, and security printing segments.
Covid-19 impacted the global market growth negatively. Worldwide restrictions due to the outbreak of Covid-19 hampered the supply chain of goods and materials. There was a decline in the global market demand for tangible items because of the contagious nature of Covid-19.
However, the global market is showing steady signs of growth due to the multiple benefits of using rotogravure printing machines.
The nature of the rotogravure printing machines to efficiently print on thin films like nylon, polyester, polyethylene, etc. which are widely used for multiple purposes is expected to propel the global rotogravure printing machine market. These printing machines have the ability to produce a large number of products without hampering the image quality. This unique feature of large-scale production is anticipated to propel the global growth during the projection period. An increase in demand for packaged food items that are easy to cook across urbanized cities of the world is projected to drive the global market growth. An increase in the production of products in bulk and high quantities along with heavy investments in the advertisement of products through hoarding and banners is expected to propel the global market growth.
The high cost of machines along with the long time needed for cylinder preparation and lack of skilled labor is expected to restrain the global market growth. However, the launch of new products is anticipated to provide growth opportunities in the global market.
The global rotogravure printing machine market can be segmented into ink type, application, drying source, and region. By ink type, the global market can be segmented into radiation ink, solvent-based ink, and water ink. By application, the global market can be segmented into consumer goods, pharmaceuticals, food & beverages, and others.
By drying sources, the global market can be segmented into thermal fluid, electrical, and gas.
North America and Europe are expected to lead the global rotogravure printing machine market during the forecast period owing to an increase in demand for packaged food items and the availability of skilled labor. Asia Pacific is expected to grow at a higher CAGR during the forecast period because of the increasing number of manufacturers present in the region. Recent investments in this region for infrastructural growth which directly impacts the demand for rotogravure printing machines are expected to propel the regional market growth. The Middle East and Latin America are expected to register a steady global market growth graph.
Some of the significant players in the global rotogravure printing machine market include Pelican Rotoflex Pvt Ltd., Weijin Machinery Industry Co. Ltd, Windmoeller & Hoelscher Corporation, Shaanxi Beiren Printing Machinery Co., Fuji Kikai Kogyo Co Ltd, HYPLAS MACHINERY CO LTD, Hsing Wei Machine Industry CO.LTD, Ltd., Uteco Converting SpA, KKA Gmbh, Bobst Group SA., and J M Heaford Ltd., Jiangyin Lida Printing & Packaging Machinery Co. Ltd.
Recent Developments
Bobst in September 2019 introduced a new rotogravure printing machine NOVA RS 5003. It also utilizes a twin flow dryers technology for facilitating fast printing by accruing high energy savings and reduced noise. This printing machine utilizes water or solvent-based ink for printing different flexible packaging materials.
Browse the full “Global Rotogravure Printing Machine Market By Ink Type (Radiation Ink, Solvent-Based Ink, And Water Ink), By Application (Consumer Goods, Pharmaceuticals, And Food & Beverages), By Drying Source (Thermal Fluid, Electrical, And Gas), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2022 – 2028” Report at https://www.zionmarketresearch.com/report/rotogravure-printing-machine-market
Global rotogravure printing machine market is segmented as follows:
By Drying source
By Application
By Ink Type
By Region
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