Gravure Printing Inks Market Size & Share, by Resin Type (Nitrocellulose, Polyamide, Polyurethane, Acrylic); Technology (Water-based, Solvent-based); Application (Packaging, Publication, Furniture) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 6162
  • Published Date: Jun 12, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

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.


Gravure Printing Inks Market Overview
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Gravure Printing Inks Sector: Growth Drivers and Challenges

Growth Drivers

  • Soaring urge for packaged goods - The packaging sector is particularly fueled by factors such as appearance, color, and gloss. The Versatile packaging and use of attractive inks are the major contributors in the soaring demand for packaged goods. The progress in the e-commerce sector eventually expanded the packaging sector. According to a report, e-commerce sector is poised to surpass USD 6 trillion in the year 2024.
  • Expansion of various printing techniques- With technological advancements, the research and development sector has progressed in providing a wide range of printing techniques such as digital printing, screen printing, 3D printing, flexography, Rotogravure, LED, and various other ultra-modern techniques. Additionally, as per a study, additive manufacturing devices and 3D printing count is estimated to reach around USD 3 million by 2030.

Challenges

  • Rigorous environment regulations - Adherence to the regulatory measures circulating volatile organic compounds (VOC) is one of the biggest hindrances for the manufacturers of printing inks. Therefore, formulation of inks that do meet the necessary standards is a persistent hurdle for the gravure printing inks market.
  • High cost of raw materials - The escalated price of raw materials including both pigments and resins is highly affecting the market. The manufacturers are trying hard not to compromise quality and at the same time do not wish to suffer huge losses.

Gravure Printing Inks Market: Key Insights

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

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Gravure Printing Inks Segmentation

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

  • Nitrocellulose
  • Polyamide
  • Polyurethane
  • Acrylic

    Technology

  • Water-based
  • Solvent-based

     Application

  • Publication
  • Packaging
  • Furniture

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Gravure Printing Inks Industry - Regional Synopsis

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.

Research Nester
Gravure Printing Inks Market Share
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Companies Dominating the Gravure Printing Inks Landscape

    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.

    • Nutec Digital Ink
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Flint Group
    • Siegwerk Druckfarben AG & Co. KGaA
    • Wikoff Color Corporation
    • Altana
    • SunChemical
    • Hubergroup
    • Marabu Printing Inks
    • Sicpa
    • Xingxin Ink

In the News

  • Inkcups highly prioritizes sustainable inks and therefore, introduced a new GN series of pad printing inks. Furthermore, along with being eco-friendly, these pad printing inks adhere to the European Printing Ink Association (EuPIA) Ordinance on Materials and Articles Currently, the series comes in 10 colors and possesses strong adhesion to various substrates. The invention of such type of inks that adhere to rules and are sustainable is similar to gravure printing inks and therefore lift its surge.
  • Cellink a global leading provider of bio-based printing technologies announced a new product launch named Cellink Vivoink. This innovation was made in the field of regenerative medicine and tissue engineering. Cellink Vivoink is a specially curated bio-ink that will help researchers take their work to the next level. All-inclusive, the need for new technologies that may lead to sustainability is driving attention to the gravure printing inks market.

Author Credits:  Rajrani Baghel


  • Report ID: 6162
  • Published Date: Jun 12, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2023, the industry size of gravure printing inks was over USD 3 billion.

The market size for gravure printing inks is projected to cross USD 6 billion by the end of 2036 expanding at a CAGR of 5.5% during the forecast period i.e., between 2024-2036.

The major players in the market are Nutec Digital Ink, Flint Group, Altana, Sunchemical, Hubergroup, Sicpa, and others.

In terms of resin type, the nitrocellulose segment is anticipated to account for the largest market share of 60% during 2024-2036.

The Asia Pacific gravure printing inks sector is poised to hold the highest share of 37% by 2036.
Gravure Printing Inks Market Report Scope
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