Gravure Printing Inks Market Size 2023-2030 Global Industrial Analysis, Market Share, Top Key Players

Gravure Printing Inks Market

According to the report published by Zion Market Research, the global Gravure Printing Inks Market size was valued at USD 4,018.91 Million in 2022 and is predicted to reach USD 5,908.89 Million by the end of 2030. The market is expected to grow with a CAGR of 4.94% during the forecast period. The report analyzes the global Gravure Printing Inks Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Gravure Printing Inks Market industry.

Global Gravure Printing Inks Market: Overview

Gravure printing inks are the surface printing inks with low viscosity and oil resistant properties. This type of ink is generally used for printing on polyethylene and polypropylene films and finds massive application in oil & packaging sector. With a high quality of image reproduction and low per unit costs, the market for gravure printing inks is anticipated to gain traction over the coming years.

Global Gravure Printing Inks Market: Growth Factors

The rise in the product application across various sectors such as lamination and packaging is projected to steer the growth of gravure printing inks industry over the years to come. Apart from this, high-quality picture reproduction and less cost per unit provided by the gravure printing will enhance the scope of the market in the coming years. Nevertheless, massive demand for flexographic printing in many of the developed countries will obstruct the growth of the market in the years to come. Again, flexographic printing needs less utilization of ink, less workforce, and rapid changeovers. This, in turn, can pose a challenge to the growth of the gravure printing inks market. However, gravure printing inks are still preferred over other kinds of inks in the packaging sector, thereby nullifying the negative impact of hindrances on the overall market expansion.

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Global Gravure Printing Inks Market: Segmentation

The gravure printing inks market can be classified into resin, application, and technology. On the basis of resin, the industry is segmented into acrylic, polyamide, nitrocellulose, and polyurethane. Application wise, the gravure printing inks market can be sectored into packaging, furniture, and publication applications. Based on technology, the market can be divided into solvent-based and water-based technologies.

Global Gravure Printing Inks Market: Regional Analysis

Asia Pacific gravure printing inks industry is slated to witness lucrative growth over the ensuing years, subject to immense use of the product in the thriving packaging sector in the region. Furthermore, favorable legislation along with evolving small & medium enterprises in the countries such as India will proliferate the expansion of gravure printing inks market in the years ahead. The product is preferred by many of the giant players owing to its high graphics printing quality and coating. With the product finding myriad applications in greeting cards, wrapping papers, wallpapers, postcards, furniture laminates, and magazines, the regional market is likely to gain traction over the estimated time span.

The European region is likely to contribute enormously towards the market size in the foreseeable future. The growth can be credited to the eco-friendly nature of the product and rising commercial printing trends in the region. Moreover, North America is predicted to witness a profitable growth during the assessment timespan due to technological innovations taking place in the gravure printing technology.