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Gravure Printing Inks Market: By Resin Type, By Technology ), By Application and Geography
Gravure Printing Inks Market: By Resin Type, By Technology ), By Application and Geography
Gravure Printing Inks Market size was valued US$ 3.69 billion in 2022 and is poised to grow at a CAGR of 4.6% from 2023-2029. Some of the key factors fueling the market growth include increasing processed food demand leading to rising food packaging demand, growing requirement of bio-based printing inks and technological advancements. However, strict government rules on solvent based printing inks and fluctuating raw material prices are hampering the market growth. This report studies global gravure printing inks market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, the market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed the market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities).
Study Period
2024-2030Base Year
2023CAGR
4.6%Largest Market
North-AmericaFastest Growing Market
Asia-Pacific
With the growing preference for healthy food and functional foods, manufacturers are expected to adopt new ways to fulfill the demand for healthy functional foods and beverages. Rise in disposable income due to growth in the economy, especially in emerging countries such as India and China, has led to an increase in demand for convenience and processed foods. Changing lifestyles, rising number of working women and higher out of home consumption in urban areas are fuelling a demand for processed foods. This has changed the once-traditional, small-scale industry into a modern large-scale one.
Asia Pacific accounted for larger revenue share in global gravure printing inks market with considerable CAGR. The growth in this region can be attributed to growing lamination and food packaging industries in the region. Also, emerging countries like India and China are responsible for market growth as there is an increasing demand for canned and processed food. In addition, North America held considerable market share during estimated period owing to gravure becoming competent with technological advancements.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2022 |
US$ 3.69 billion |
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Market CAGR |
4.6% |
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By Resin type |
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By Technology |
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By Application |
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The gravure printing inks market is projected to expand at a CAGR of 4.6% during the forecast period.
DIC Corporation, Flint Group, Hubergroup Deutschland GmbH, Sakata Inx Corporation, Shivasakhti Printing Ink, Siegwerk Druckfarben Ag & Co. KGAA, Sun Chemical, Tokyo Printing Ink MFG Co. Ltd.
Asia Pacific is the fastest-growing region for gravure printing inks market
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.