Gravure Printing Inks Market size was over USD 3 Billion in 2023 and is expected to reach USD 6 Billion by the end of 2036, witnessing around 5.5% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of gravure printing inks is assessed at USD 3.5 Billion.
Increasing demand for packaged goods due to the lifestyle variation in urban cities is stimulating growth in the market. The packaging sector in India is estimated to reach USD 204.81 billion by 2025.
Growth Drivers
Challenges
Base Year |
2023 |
Forecast Year |
2024-2036 |
CAGR |
5.5% |
Base Year Market Size (2023) |
USD 3 Billion |
Forecast Year Market Size (2036) |
USD 6 Billion |
Regional Scope |
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Resin Type (Nitrocellulose, Polyamide, Polyurethane, Acrylic)
Nitrocellulose segment is expected to account for gravure printing inks market share of around 60% by 2036. The segment growth can be attributed to the versatility, outstanding adhesion, and quick drying properties.
Inks based on nitrocellulose are highly favored in the industrial sector due to their various properties. Further, these are highly used for packaging labels, and magazines to various other products due to the adhesive attributes.
Nitrocellulose-based inks can be easily glued to metals and paper since they can seamlessly incorporate with both porous and non-porous surfaces. In addition to this, the global nitrocellulose sector is expected to attain an industry value of USD 1 billion by 2026.
Application (Packaging, Publication, Furniture)
Packaging segment in the gravure printing inks market is expected to showcase around 6% growth rate between 2024 and 2036. The segment growth can be credited to the call for convenience food, visual appeal, and high packaging consumption. In India, packaging consumption increased by 200% in FY2020 as per the data from the Indian Institute of Packaging (IIP).
Technology (Water-Based, Solvent-Based)
In gravure printing inks market, water-based segment is set to witness over 4% growth rate through 2036 owing to its capability of reducing volatile active compounds (VOC) emissions by 70% from a wide range of products. Over and above that, with the use of water-based printing inks human well-being is enhanced and these are environment friendly too. Water-based printing inks have less production cost because their petroleum and chemical content are very low.
Our in-depth analysis of the market includes the following segments:
Resin Type |
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Technology |
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Application |
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Asia Pacific Market Statistics
Asia Pacific region in gravure printing inks market is expected to capture revenue share of around 37% by the end of 2036. The region's growth is attributed to the rising manufacturing industries and increasing urbanization. Reports say that the manufacturing outputs in the Asia Pacific account for nearly 48.5% worldwide.
The market growth in Japan is predicted on account of the high consumption of processed food packaging. As per the Flexible Packaging Association, the food packaging sector size in 2017 was reported at 2,04,0499 million units. In China, various industries utilize packaging materials, and the food packaging sector accounts for a 43% share.
North America Market Analysis
In gravure printing inks market, North America region is anticipated to exhibit around 6% growth between 2024 and 2036. It will hold the second position owing to incorporating new advanced technologies in this region.
Prominent companies in North America are continuously investing in R&D to expand their existing printing lines and work towards fabricating sustainable printing technologies. As per a report, in the year 2024, the printers and copiers of North America generated an estimated revenue of nearly USD 2 Billion.
Additionally, bio-based printing inks and 3D food printing inks are highly demanded in the region. On top of that, in July 2023, CD Bioparticles a well-established leading drug delivery company in the USA, launched bio-inks to be applied in a variety of applications such as in 3D printing and tissue engineering. The inventions in the research field are reportedly fostering the gravure printing inks market.
The gravure printing inks market is dominated by key market players who are gaining traction in the market by adopting advanced and sustainable printing techniques.
Author Credits: Rajrani Baghel
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