Market Size in 2021 | Market Forecast in 2028 | Growth Rate (in %) | Base Year |
---|---|---|---|
USD 870.6 million | USD 1120 million | CAGR at 3.3% | 2021 |
FrequentlyAsked Questions
There is a growing trend among consumers all across the globe to consume flavored and packed food and beverages, which has significantly led to the spike in demand for the rotogravure printing machine. However, the fast-paced and hectic lifestyle of people is further inducing customers to incline toward the package products.
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.
Some of the significant players in the global rotogravure printing machine market include Jiangyin Lida Printing & Packaging Machinery Co. Ltd, Weijin Machinery Industry Co. Ltd, Fuji Kikai Kogyo Co Ltd, HYPLAS MACHINERY CO LTD, Pelican Rotoflex Pvt Ltd., Hsing Wei Machine Industry CO.LTD, Shaanxi Beiren Printing Machinery Co., Ltd., Uteco Converting SpA, KKA Gmbh, Windmoeller & Hoelscher Corporation, Bobst Group SA., and J M Heaford Ltd.
Europe is a leading region in the global rotogravure printing machine market due to the growing consumption of packed food items in the region. Furthermore, the transforming lifestyle is also inducing consumers to adopt packed food and beverages.
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