Global Gravure Printing Inks Market Size By Application, By Technology, By Geographic Scope And Forecast

Gravure Printing Inks Market Size And Forecast

Gravure Printing Inks Market size was valued at USD 3.83 Billion in 2023 and is projected to reach USD 5.90 Billion by 2030, growing at a CAGR of 4.94% during the forecast period 2024-2030.

The Gravure Printing Inks Market refers to the segment of the printing industry that specializes in producing high-quality printed materials using the gravure printing technique. Gravure printing is a method where the image is engraved onto a cylinder, which is then inked and pressed onto the printing surface. Gravure printing inks are specifically formulated to meet the demands of this printing process, ensuring excellent print quality, durability, and color vibrancy across a variety of substrates such as paper, plastic, and metal.

Global Gravure Printing Inks Market Drivers

The market drivers for the Gravure Printing Inks Market can be influenced by various factors. These may include

• Growing Packaging Business The growing packaging business, notably in the food and beverage, pharmaceutical, and cosmetics industries, is what drives the need for gravure printing inks.
• Technological Developments The need for premium gravure inks has increased due to improvements in print quality, efficiency, and flexibility brought about by advances in gravure printing technology.
• Growing Need for Flexible Packaging The convenience and sustainability of flexible packaging, which frequently employs gravure printing, are driving up demand for gravure inks.
• Growing Need for Decorative Printing The growing usage of gravure printing for decorative printing on laminates, labels, and wallpapers has resulted in a need for gravure inks.
• Growth in the Publication Sector The production of periodicals, catalogs, and newspapers using gravure printing is a common practice in the publication sector, which fuels the need for gravure inks.
• Growth of the Printing Industry in Emerging economies The printing industry is expanding quickly in emerging economies like China, India, and Brazil, which is increasing demand for gravure inks.
• Growing Requirement for High-Quality Printing Gravure printing is renowned for its high-quality printing capabilities, which are driving up demand for gravure inks in sectors including publishing and packaging.

Global Gravure Printing Inks Market Restraints

Several factors can act as restraints or challenges for the Gravure Printing Inks Market. These may include

• Environmental Regulations Tight environmental laws pertaining to the usage of specific chemicals and solvents in printing inks may present difficulties for the Gravure Printing Inks Market. Adherence to these requirements may result in elevated production expenses and restrict the utilization of specific ink compositions.
• Cost Pressure Changing raw material prices might put producers’ profit margins under pressure, which could lead to market limitations. Production costs may also increase as a result of the requirement to purchase cutting-edge machinery and technologies in order to satisfy changing consumer demands.
• Digital Printing Technologies Which provide benefits including shorter run lengths, quicker turnaround times, and the ability to print variable data, pose threat to the Gravure Printing Inks Market. This may restrict traditional gravure printing’s ability to grow in some applications.
• Substitution by Alternative Inks The emergence of substitute inks, which are thought to be more ecologically friendly and emit fewer volatile organic compounds (VOCs) than conventional solvent-based gravure inks, such as water-based and UV-curable inks, may limit the market.
• Volatility in End-User sectors The performance of important end-user sectors including packaging, publishing, and textiles is directly correlated with the demand for gravure printing inks. The demand for gravure printing inks may be impacted by any lull or volatility in these industries.
• Technological Developments in Gravure Printing Although these developments can increase productivity and print quality, they may also necessitate large expenditures for new machinery and personnel, which may put firms at a disadvantage.

Global Gravure Printing Inks Market Segmentation Analysis

The Global Gravure Printing Inks Market is Segmented on the basis of Application, Technology, And Geography.

Gravure Printing Inks Market, By Application

• Packaging Gravure printing is widely used in the packaging industry due to its ability to produce high-quality, high-volume prints on various substrates like films, foils, and paperboard. This is especially common for flexible packaging for food, beverages, and consumer goods.
• Furniture Gravure printing is used for decorative purposes on furniture surfaces, such as wood veneers and laminates.
• Publications While digital printing has taken over a significant portion of the publication market, gravure printing is still used for high-quality magazines, catalogs, and brochures.

Gravure Printing Inks Market, By Technology

• Solvent-Based These inks are fast-drying and offer good adhesion to various substrates. However, they contain volatile organic compounds (VOCs) that can contribute to air pollution.
• Water-Based Water-based inks are more environmentally friendly as they contain a lower level of VOCs. However, they may not offer the same level of performance as solvent-based inks in terms of drying speed and adhesion

Gravure Printing Inks Market, By Geography

• North America Market conditions and demand in the United States, Canada, and Mexico.
• Europe Analysis of the Gravure Printing Inks Market in European countries.
• Asia-Pacific Focusing on countries like China, India, Japan, South Korea, and others.
• Middle East and Africa Examining market dynamics in the Middle East and African regions.
• Latin America Covering market trends and developments in countries across Latin America.

Key Players

The major players in the Gravure Printing Inks Market are

• Sun Chemical Corporation
• Flint Group
• Huber Group
• Zeller+Gmelin GmbH & Co. KG
• Tokyo Printing Ink Mfg. Co. Ltd
• Toyo Ink SC Holdings Co., Ltd.
• Dainichiseika Color & Chemicals Mfg. Co., Ltd.
• Sakata INX Corporation
• Wikoff Color Corporation
• Siegwerk Druckfarben AG & Co. KGaA
• ALTANA AG
• Lawter Inc.

Report Scope

Analyst’s Take

In conclusion, the Gravure Printing Inks Market is witnessing steady growth driven by the expanding packaging industry, particularly in sectors such as food and beverage, pharmaceuticals, and consumer goods. The demand for high-quality, aesthetically appealing packaging solutions continues to fuel the adoption of gravure printing inks. Additionally, technological advancements in ink formulations, such as the development of environmentally friendly and low-VOC (volatile organic compound) inks, are further enhancing market growth. As brands increasingly prioritize visual appeal and product differentiation, the Gravure Printing Inks Market is expected to experience sustained demand in the coming years.

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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