Gravure Printing Inks Industry - Regional Synopsis
Asia Pacific Market Statistics
Asia Pacific industry is anticipated to account for largest revenue share of 37% by 2037. 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
North America region is set to witness significant growth till 2037. 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.
