The global gravure printing ink market size was USD 3,890.3 Million in 2023 and is expected to register a steady revenue CAGR of 4.5% over the forecast period, according to a latest report by Reports and Data. y Technological advancements, along with rising demand from the Food Beverage (FB) sector is a major factor driving market revenue growth.
Gravure printing is distinguished by excellent print quality and high printing speed, as well as by a simple printing process, accurate ink use, and diversity of printing machine architectures. Gravure printing is recognized as an innovative method as a result of several technical breakthroughs. The packaging materials industry is the primary application for gravure printing. Consumers are increasingly becoming more concerned about environment, hence they prefer eco-friendly inks for printing. In addition, businesses are engaged in Research Development (RD) to introduce novel product lines with sustainable designs in an effort to win over consumers.
Moreover, potential for gravure printing inks to be used in printing mediums such as Oriented Polypropylene (OPP), polyethylene, nylon, and polyester is another factor driving revenue growth of the market. The packaging industry prefers this printing technique since gravure can print on thin films such as polyester, nylon, and polyethylene. However, increasing government regulations about VOC emissions and implementation of legislation to reduce paper use are major factors, which could restrain revenue growth of the market.
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Companies profiled in the market report are Sun Chemical, DIC Corporation, Flint Group, InkTec Co., Ltd., Siegwerk Druckfarben AG Co. KGaA, TOYO INK CO., LTD., Hubergroup, Sakata Inx Private Limited, Wikoff Color Corporation, TK Toka Co., Ltd., and among others.
Some Key Highlights from the Report
- The polyester segment is expected to register considerably fast revenue growth rate in the global gravure printing ink market over the forecast period. This is attributed to their bright prints, environmental friendliness, fewer disposal issues, and the fact that it doesn't dry out. Gravure printing ink doesn't absorb into substrate, such as discharge or water-based inks do, instead this remains on the top of substrate. Some inks have been found to result in dull results because these permeate into the printing surfaces.
- The packaging segment is expected to account for largest revenue share over in the global gravure printing ink market the forecast period. This is due to their product identification, personalization, distinction, and appealing appearance. Since digital printing is one of the most flexible printing techniques for packaging alternatives, it is one of the applications with greatest degree of adaptability. With digital printing, corrugated boxes, folding cartons, labels, prototypes, stand-up pouches, and many other objects can be produced in high quality.
- The water-based segment is expected to account for significantly large revenue share in the global gravure printing ink market over the forecast period. This is attributed to excellent corrosion resistance, external durability, color control, and increasing government laws governing the use of ecologically friendly ink solutions. Since these contain much fewer chemicals and petroleum-based components, water-based inks are also lower in price, which helps in gaining consumer’s acceptance.
- The Asia Pacific market accounted for largest revenue share in the global gravure printing ink market in 2023. This is due to rising demand from the packaging and branding sector, shifting consumer preferences towards sustainable product options owing to environmental consciousness, and incorporation of various technologies in printing solutions. RD efforts are also being made to create printing inks using environment-friendly processes in various countries, primarily in China, Japan, and India.
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For the purpose of this report, Reports and Data has segmented the global gravure printing ink market based on resin type, application, technology, and region:
Resin Type (Revenue, USD Million; 2019-2032)
- Acrylic
- Polyurethane
- Nitrocellulose
- Polyamide
- Polyester
- Others
Application Outlook (Revenue, USD Million; 2019-2032)
- Packaging
- Textile
- Furniture
- Publication
- Others
Technology Outlook (Revenue, USD Million; 2019-2032)
- Water-based
- Solvent-based
Regional Outlook (Revenue, USD Billion; 2023-2032)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Sweden
- BENELUX
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- UAE
- South Africa
- Israel
- Rest of MEA
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