Gravure Printing Inks Market Analysis and Latest Trends
Gravure printing inks are a type of solvent-based ink used in the gravure printing process. Gravure printing, also known as rotor or intaglio printing, is a high-speed printing method that utilizes engraved cylinders or plates to transfer ink onto a substrate. This printing technique is widely used for packaging materials, labels, magazines, catalogs, and other products with high-quality printing requirements.
The gravure printing inks market is expected to witness significant growth in the coming years. Factors driving the market growth include the increasing demand for flexible packaging materials and labels, growth in the food and beverage industry, rising consumer awareness regarding product information and labeling, and advancements in printing technologies.
Moreover, the rising trend of online shopping and the need for attractive packaging to enhance product aesthetics and visibility further drive the demand for gravure printing inks. Additionally, the growing popularity of sustainable and eco-friendly inks is also expected to boost market growth.
The market is witnessing various trends that are likely to shape its future. One such trend is the development of low-VOC (volatile organic compounds) or solvent-free inks, which are considered environmentally friendly. Manufacturers are focusing on producing inks that are free from hazardous substances to meet regulatory standards and address consumer concerns about health and environmental impact.
Another trend observed in the market is the increasing use of water-based gravure printing inks. These inks offer advantages such as lower emissions, reduced drying time, and improved print quality, making them an attractive alternative to traditional solvent-based inks.
In conclusion, the gravure printing inks market is expected to experience steady growth, driven by factors such as the increasing demand for flexible packaging materials, the growth of the food and beverage industry, and advancements in printing technologies. The market is also witnessing trends such as the development of low-VOC and water-based inks, catering to the demand for sustainable and eco-friendly solutions.
Note: "The Gravure Printing Inks Market is expected to grow at a CAGR of 13.7% during the forecast period."
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Gravure Printing Inks Major Market Players
Gravure printing inks are used in the gravure printing process, which is a high-quality and cost-effective printing method widely used in the packaging, publishing, and decorative industries. The global gravure printing inks market is highly competitive, with several key players dominating the market. Here are some of the leading players in the gravure printing inks market:
Tokyo Printing Ink: Founded in 1900, Tokyo Printing Ink is a global leader in the printing ink industry. The company offers a wide range of gravure printing inks and has a strong presence in the Asia Pacific region. It focuses on research and development to improve product quality and expand its market share.
Sun Chemical: Sun Chemical is one of the largest producers of printing inks and pigments globally. The company offers a comprehensive range of gravure printing inks for various applications. Sun Chemical has a strong global presence and invests heavily in research and development to stay ahead in the market.
Sakata INX: Sakata INX is a leading manufacturer of printing inks, including gravure printing inks. The company provides a diverse range of inks for packaging, commercial printing, and industrial applications. Sakata INX has a strong presence in the Asian and North American markets.
Siegwerk: Siegwerk is a global manufacturer of printing inks for various printing processes, including gravure printing. The company offers a wide range of gravure printing inks, including water-based, solvent-based, and UV inks. Siegwerk focuses on innovation and sustainability to drive its market growth.
Huber Group: Huber Group is a leading international supplier of printing inks and coatings. The company offers a comprehensive portfolio of gravure printing inks for different applications. Huber Group is known for its commitment to environmental sustainability and continuously invests in R&D to develop innovative products.
Among these players, Sun Chemical is one of the market leaders in terms of size and revenue. In 2020, Sun Chemical reported a revenue of around $6.9 billion. Tokyo Printing Ink, Sakata INX, and Siegwerk also reported significant sales revenue, contributing to the overall growth of the gravure printing inks market.
The gravure printing inks market is expected to witness steady growth in the coming years. Increasing demand for flexible packaging and rising disposable income in emerging economies are driving the market growth. Additionally, technological advancements in printing inks, such as the development of eco-friendly inks, are further boosting the market.
The global gravure printing inks market size was estimated to be around $4.5 billion in 2020 and is projected to reach $5.8 billion by 2025, growing at a CAGR of 5.2% during the forecast period. This growth can be attributed to the expanding packaging industry and the increasing adoption of gravure printing technology in various sectors.
In conclusion, the gravure printing inks market is highly competitive, with several key players vying for market dominance. Tokyo Printing Ink, Sun Chemical, Sakata INX, Siegwerk, and Huber Group are some of the key players in this market. These companies are investing in research and development, innovation, and sustainability to drive their market growth and take advantage of the growing demand for gravure printing inks.