Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 4,300.22 Million | USD 6,608.94 Million | 5.52% | 2022 |
The global rotogravure printing inks market size was worth around USD 4,300.22 Million in 2022 and is predicted to grow to around USD 6,608.94 Million by 2030 with a compound annual growth rate (CAGR) of roughly 5.52% between 2023 and 2030.
The report analyzes the global rotogravure printing inks market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the rotogravure printing inks industry.
Rotogravure is a printing process that is used in the industries to increase the production of the large print runs which is of high quality. It is alternatively known as photographic quality images. Many publishers use the gravure process to publish their magazines since they want to promote or market their product in the best possible way. The mail order catalogs are also printed on a large scale using the gravure method owing to the increased attractiveness. The constant print quality of the gravure method satisfies this requirement with a good quality result. Rotogravure has the capability of transferring extra amount of ink on the paper as compared to other printing processes. This process is hence mostly preferred for photography and fine art reproduction.
The rotogravure printing market is gaining momentum in the market owing to the improved technology such as ultrasonic gravure cylinder plating which is very fast as compared to the traditional copper plating. The increased number of publishing houses and printing presses contribute to the market growth. The gravure presses are now used for packaging hence increasing its demand. The rotogravure printing increases the printing speed which helps to reduce the dot distortion and dot gain thus improving the quality of the printing. The global demand for rotogravure inks and rotogravure publication presses has increased considerably in recent years thus positively affecting the market. The market growth is anticipated to grow in the future owing to the continuous refinement that is made in the process, gravure presses, and the inks.
There are a number of limitations that the market for rotogravure printing inks must contend with, which in turn affects its expansion and development. Rotogravure printing processes provide a number of challenges, one of the most serious of which being the environmental effect that is connected with the use of standard solvent-based inks. The volatile organic compounds (VOCs) that are frequently found in these inks are a major contributor to the pollution of the air and pose a threat to the health of both customers and employees. There has been a shift toward water-based and UV-curable inks, which, despite being more ecologically friendly, may require large investments in equipment and technological upgrades.
This shift has been brought about as a result of regulatory initiatives that attempt to reduce emissions and promote sustainable practices. In addition, the rotogravure printing business is facing competition from the growing use of digital printing technologies, which provide faster turnaround times, the ability to customize products, and a reduction in waste. As a consequence of this, traditional rotogravure printing is confronted with the issue of maintaining its competitiveness in a dynamic market landscape. This poses a compelling need for stakeholders to investigate novel solutions in order to solve these limits and encourage sustainable growth.
The market for rotogravure printing inks offers a number of fascinating potential for expansion and innovation. There is a significant opportunity in the growing demand for printing solutions that are sustainable and favorable to the environment. There is an increasing desire for water-based and UV-curable inks, which have a smaller impact on the environment in comparison to older solvent-based alternatives. This preference is a natural consequence of the increased awareness of the environment. Those businesses who make investments in research and development in order to develop high-performance inks that are also friendly to the environment stand to benefit from this shifting market trend.
To add insult to injury, the market for rotogravure printing inks is presented with a significant potential by the growing packaging industry, notably in industries such as the food and beverage industry, the pharmaceutical industry, and the cosmetics industry. Because of its capacity to produce prints of superior quality and vividness on flexible packaging materials, rotogravure printing has become a popular option among property owners of brands who are trying to improve the aesthetic appeal of their products.
Furthermore, technological developments in the rotogravure printing process, such as enhanced techniques for cylinder engraving and automation, unveil new opportunities for efficiency and cost-effectiveness in the printing process. Businesses who take advantage of these opportunities may not only be able to satisfy the ever-changing demands of the market, but they may also be able to maintain their position at the forefront of innovation within the ever-changing environment of the rotogravure printing inks industry.
Report Attributes | Report Details |
---|---|
Report Name | Rotogravure Printing Inks Market Research Report |
Market Size in 2022 | USD 4,300.22 Million |
Market Forecast in 2030 | USD 6,608.94 Million |
Growth Rate | CAGR of 5.52% |
Number of Pages | 255 |
Forecast Units | Value (USD Billion), and Volume (Units) |
Key Companies Covered | Flint Group, Toyo Ink SC Holdings Co., Ltd., Sakata Inx Corporation, Tokyo Printing Ink Manufacturing Co., Ltd., Hubergroup Deutschland GmbH, DIC Corporation, Dainichiseika Color & Chemicals Mfg. Co., Ltd., T&K Toka Co., Ltd., Siegwerk Druckfarben AG & Co. KGaA and Wikoff Color Corporation., and Others |
Segments Covered | By Resin Type, By Technology, By Application, By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA) |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The global rotogravure printing inks market is segmented into resin type, technology, application, and region. Based on the resin type, the market is segregated into nitrocellulose, polyurethane, polyamide, acrylic, and others. Based on the technology, the market is categorized as water-based, solvent-based, and others. Based on the application, the market is divided into publication, promotion, packaging, and product. Geographically, the market is diversified into regions such as North America, Europe, Asia-Pacific, the Middle East, Africa, and the Rest of the World.
The European region is right now dominating the rotogravure printing inks market. It is followed by the Asia-Pacific, North America, and the Middle East and African region. In terms of volume and value, the Asia Pacific region is ruling the market. The factor contributing to this growth is its high demand from the different presses, packaging industry, and others. Another reason for this growth is the growing innovations and developments in the end-use industries in the region.
The key market players in the rotogravure printing inks market include
What Report Provides
FrequentlyAsked Questions
Rotogravure printing is a high-quality, extensively used packaging printing method that uses specially formulated inks. Rotogravure printing involves carving an image on a copper cylinder and coating it with ink. Rotating the etched cylinder on the printing substrate transfers ink.
Rotogravure printing is preferred for flexible packaging, labels, periodicals, and ornamental products due to its sharp, consistent graphics and brilliant colors. Rotogravure inks stick to plastic films, paper, and foil. Solvent-based inks are being replaced by water-based and UV-curable ones to address environmental issues.
Rotogravure printing inks rely on substrate, printing speed, and desired print characteristics, with continual developments seeking to improve performance and sustainability to meet market expectations.
The rotogravure printing market is gaining momentum in the market owing to the improved technology such as ultrasonic gravure cylinder plating which is very fast as compared to the traditional copper plating. The increased number of publishing houses and printing presses contribute to the market growth.
According to a study, the global rotogravure printing inks market size was worth around USD 4,300.22 Million in 2022 and is predicted to grow to around USD 6,608.94 Million by 2030.
The CAGR value of the rotogravure printing inks market is expected to be around 5.52% during 2023-2030.
The European region is right now dominating the rotogravure printing inks market.
The key market players in the rotogravure printing inks market include Flint Group, Toyo Ink SC Holdings Co., Ltd., Sakata Inx Corporation, Tokyo Printing Ink Manufacturing Co., Ltd., Hubergroup Deutschland GmbH, DIC Corporation, Dainichiseika Color & Chemicals Mfg. Co., Ltd., T&K Toka Co., Ltd., Siegwerk Druckfarben AG & Co. KGaA and Wikoff Color Corporation.
The report explores crucial aspects of the rotogravure printing inks market including a detailed discussion of existing growth factors and restraints while also browsing future growth opportunities and challenges that impact the market.
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