Gravure Printing Inks Market size was valued USD 3.69 billion in 2021 and is expected to reach USD 5.06 billion by 2028, at a CAGR of 4.6% during the forecast period 2022-2028. 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).
Fastest Growing Market
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.
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