The Gravure Printing Inks Market Size accounted for USD 3.2 Billion in 2022 and is estimated to achieve a market size of USD 5.4 Billion by 2032 growing at a CAGR of 5.6% from 2023 to 2032.
Gravure Printing Inks Market Highlights
- Global gravure printing inks market revenue is poised to garner USD 5.4 billion by 2032 with a CAGR of 5.6% from 2023 to 2032
- Asia-Pacific gravure printing inks market value occupied around USD 1.3 billion in 2022
- Asia-Pacific gravure printing inks market growth will record a CAGR of more than 6% from 2023 to 2032
- Among resin, the nitrocellulose sub-segment generated around US$ 1 billion revenue in 2022
- Based on technology, the solvent-based sub-segment generated around 50% share in 2022
- Integration of digital technologies for hybrid printing solutions is a popular gravure printing inks market trend that fuels the industry demand
![Gravure Printing Inks Market Size Gravure Printing Inks Market Dynamics](reportimages/Main-Infographics_Global-Gravure-Printing-Inks-Market_-2023-2032.jpg)
Gravure printing ink comprises solid resins, pigments, volatile solvents, additives, and fillers. It contains no vegetable oil, and its drying strategies generally involve volatile substances. Gravure printing involves etching and utilizes a rotary printing press. Solvents are used to dissolve or disperse all the solid components of the ink, wet the surface of the substrate, control the ink's drying rate, and modify its consistency to meet printing plate requirements. There are two main types: solvent-based and water-based. While solvent-based ink is fast-drying and requires less time to set, water-based ink is eco-friendly and takes longer to dry. Oil- and solvent-based printing inks have dominated the market for the past few years, while water-based printing ink is expected to grow as the fastest-growing segment. Printing is widely used on various surfaces, ranging from aluminum cans and plastic containers to paper. The primary raw materials for ink production are dyes, binders, solvents, and additives. The demand for gravure printing inks is rapidly increasing due to the expanding range of end-use applications and industries.
Global Gravure Printing Inks Market Dynamics
Market Drivers
- Growing demand across diverse packaging industries
- Technological advancements enhancing print quality
- Increased focus on sustainable, eco-friendly inks
- Rising adoption in advertising and publication sectors
Market Restraints
- Environmental concerns related to solvent-based inks
- Fluctuating prices of raw materials
- Regulatory challenges regarding ink compositions
Market Opportunities
- Expansion in emerging markets with rising printing needs
- Development of innovative specialty inks
- Shifting consumer preferences towards eco-conscious products
Gravure Printing Inks Market Report Coverage
Market |
Gravure Printing Inks Market
|
Gravure Printing Inks Market Size 2022 |
USD 3.2 Billion |
Gravure Printing Inks Market Forecast 2032 |
USD 5.4 Billion |
Gravure Printing Inks Market CAGR During 2023 - 2032 |
5.6% |
Gravure Printing Inks Market Analysis Period |
2020 - 2032 |
Gravure Printing Inks Market Base Year
|
2022 |
Gravure Printing Inks Market Forecast Data |
2023 - 2032 |
Segments Covered |
By Resin, By Technology, By Application, And By Geography
|
Regional Scope |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
Key Companies Profiled |
Altana AG, Flint Group, SiegwerkDruckfarben AG & Co. KGaA, Huber Group, Royal Dutch Printing Ink Factories Van Son, Sakata INX Corporation, Sun Chemical Corporation, Toyo Ink Group, T&K TOKA Corporation, Wikoff Color Corporation, and Zeller+Gmelin GmbH & Co. KG.
|
Report Coverage
|
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Covid-19 Analysis, Regulation Analysis |
Gravure Printing Inks Market Insights
The global increase in end-user applications, particularly in sectors such as packaging and overlays, is expected to remain a key driving factor for the gravure printing ink market over the next seven years. Within the packaging industry, labels and tags are anticipated to drive gravure ink demand. Gravure printing ink is expected to be the predominant and preferred type due to its ability to deliver high and consistent graphic quality printing and higher ink coverage. It finds application in various products such as wrapping papers, magazines, food packaging, furniture covers, postcards, wallpaper, paneling, and greeting cards. The rising demand for processed food leading to increased food packaging needs is projected to fuel market growth. Its applications extend to various specialized needs such as UV light and moisture resistance based on different printing requirements.
UV-cured inks are utilized in non-food product packaging, such as for tobacco items. The increasing demand for water-based and UV-cured printing inks, owing to their compliance with environmental standards, is anticipated to drive growth in the gravure printing ink market over the forecast period. Additionally, protection against environmental exposure leads to a reduction in excessive packaging requirements for manufacturers. This is expected to have a positive impact on market growth during the gravure printing inks industry forecast period. Gravure printing faces tough competition from flexo printing due to its lower cost and consequently higher efficiency. However, the market is projected to experience significant growth as new chamber and press technologies have reduced lead times and costs, making it more attractive to manufacturers.
The increasing demand for gravure printing inks drives market growth. Additionally, the rising need for bio-based printing inks is expected to further stimulate market expansion. Moreover, the demand for printing inks in metal cans, labels, and flexible materials is fueling market growth. However, the growing awareness of e-books' presence and stringent environmental regulations regarding ink production are anticipated to restrict market growth. The fluctuating prices of raw materials, along with various environmental regulations concerning dissolvable printing inks, are expected to hinder the development of the gravure printing ink market, posing challenges to industry participants over the gravure printing inks market forecast period.
The gravure printing inks market has gained momentum globally, owing to the exceptional image reproduction and low per-unit costs offered by gravure printing. These inks find extensive use in the rapidly expanding packaging sector across many countries. The production of water-based and UV-cured printing inks is poised to create potential opportunities for industry participants in the foreseeable future. Innovative advancements, such as the quick-change press developed by Cerrutti and Schiavi, enabling swift changeovers within shorter timeframes while ensuring high efficiency at reduced costs, are expected to present lucrative opportunities for industry players.![Gravure Printing Inks Market - Acumen Research and Consulting Gravure Printing Inks Market Growth 2023 - 2032](reportimages/Discounted-Price-Template-1.jpg)
Gravure Printing Inks Market Segmentation
The worldwide market for gravure printing inks is split based on resin, technology, application, and geography.
Gravure Printing Ink Resins
- Acrylic
- Nitrocellulose
- Polyamide
- Polyurethane
- Others (including Polyester, Maleic, Ketonic, and Polyvinyl)
In terms of gravure printing inks market analysis, the nitrocellulose segment is projected to dominate the global industry by 2022. Nitrocellulose serves as a fundamental substance used in ink formulations in both mono- and bi-component structures. This material finds extensive use due to its advantages, including easy drying, film-forming ability, cost-effectiveness, heat resistance, solubility in alcohol, ether blends, ketones, and esters, as well as compatibility with hydrocarbons. It exhibits low odor, excellent dimensional stability, but limited resistance to acids and alkalis.
Gravure Printing Ink Technologies
- Solvent-based
- Water-based
- Others (including UV-curable)
Solvent-based gravure printing inks rank among the most widely used gravure inks globally. This popularity primarily stems from their ability to dry quickly and their ease of adaptation to various substrates. Conversely, water-based gravure printing inks are gaining traction due to their compliance with several environmental regulations.
Many countries worldwide have implemented environmental regulations concerning the emission of Volatile Organic Compounds (VOCs) from solvent-based printing inks. Consequently, several nations are increasingly adopting water-based inks across various printing applications to align with these environmental standards. Fueled by their sustainability, gravure inks are replacing solvent-based inks in diverse applications.
Gravure Printing Ink Applications
- Furniture
- Packaging
- Publication
- Others (including Wrapping Paper, Wallpaper, Textile, and Label)
According to gravure printing inks industry analysis, the primary factor propelling the global industry is the expansion of the packaging industry. The growth of transportation and packaging sectors worldwide, particularly in developing regions, alongside the rise in industrialization, is driving the global market. Gravure printing inks find application in printing materials like polyester, oriented polypropylene (OPP), nylon, and polyethylene (PE), further augmenting their demand. Moreover, gravure stands as a preferred printing process in the packaging industry due to its capability to print on thin films such as polyester, nylon, and polyethylene. This is expected to drive the demand for gravure printing inks globally in the gravure printing inks market forecast period.
Gravure Printing Inks Market Regional Outlook
North America
Europe
- U.K.
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- India
- Japan
- China
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
The Middle East & Africa
- South Africa
- GCC Countries
- Rest of the Middle East & Africa (ME&A)
![Gravure Printing Inks Market Share Gravure Printing Inks Market Drivers](reportimages/Regional-Infographics_Global-Gravure-Printing-Inks-Market_-2023-2032.jpg)
Gravure Printing Inks Market Regional Analysis
The Asia-Pacific gravure printing ink market is anticipated to witness significant growth over the forecast period due to the expanding overlay and food packaging industries in the region. Increasing demand for processed and canned foods in emerging countries such as China and India is expected to positively impact the market in this region. Moreover, the rise in disposable income, leading to a growing interest in interior design with customized wallpapers, is projected to drive demand and consequently foster market growth.
The European market is anticipated to remain a key regional market owing to its emphasis on environmentally friendly products and the growing demand for commercial printing. In North America, significant growth in the gravure printing ink market is expected during the forecast period due to technological advancements in gravure printing. Additionally, the demand for flexographic printing inks has notably increased in several countries in North America and Europe due to lower ink consumption, reduced labor requirements, and faster changeovers in flexographic printing.
Gravure Printing Inks Market Players
Some of the top gravure printing inks companies offered in our report includes Altana AG, Flint Group, SiegwerkDruckfarben AG & Co. KGaA, Huber Group, Royal Dutch Printing Ink Factories Van Son, Sakata INX Corporation, Sun Chemical Corporation, Toyo Ink Group, T&K TOKA Corporation, Wikoff Color Corporation, and Zeller+Gmelin GmbH & Co. KG.
CHAPTER 1. Industry Overview of Gravure Printing Inks Market
1.1. Definition and Scope
1.1.1. Definition of Gravure Printing Inks
1.1.2. Market Segmentation
1.1.3. Years Considered for the Study
1.1.4. Assumptions and Acronyms Used
1.1.4.1. Market Assumptions and Market Forecast
1.1.4.2. Acronyms Used in Global Gravure Printing Inks Market
1.2. Summary
1.2.1. Executive Summary
1.2.2. Gravure Printing Inks Market By Resin
1.2.3. Gravure Printing Inks Market By Technology
1.2.4. Gravure Printing Inks Market By Application
1.2.5. Gravure Printing Inks Market By Region
CHAPTER 2. Research Approach
2.1. Methodology
2.1.1. Research Programs
2.1.2. Market Size Estimation
2.1.3. Market Breakdown and Data Triangulation
2.2. Data Source
2.2.1. Secondary Sources
2.2.2. Primary Sources
CHAPTER 3. Market Dynamics And Competition Analysis
3.1. Market Drivers
3.1.1. Driver 1
3.1.2. Driver 2
3.2. Restraints and Challenges
3.2.1. Restraint 1
3.2.2. Restraint 2
3.3. Growth Opportunities
3.3.1. Opportunity 1
3.3.2. Opportunity 2
3.4. Porter’s Five Forces Analysis
3.4.1. Bargaining Power of Suppliers
3.4.2. Bargaining Power of Buyers
3.4.3. Threat of Substitute
3.4.4. Threat of New Entrants
3.4.5. Degree of Competition
3.5. Market Concentration Ratio and Market Maturity Analysis of Gravure Printing Inks Market
3.5.1. Go To Market Strategy
3.5.1.1. Introduction
3.5.1.2. Growth
3.5.1.3. Maturity
3.5.1.4. Saturation
3.5.1.5. Possible Development
3.6. Technological Roadmap for Gravure Printing Inks Market
3.7. Value Chain Analysis
3.7.1. List of Key Manufacturers
3.7.2. List of Customers
3.7.3. Level of Integration
3.8. Cost Structure Analysis
3.8.1. Price Trend of Key Raw Materials
3.8.2. Raw Material Suppliers
3.8.3. Proportion of Manufacturing Cost Structure
3.8.3.1. Raw Material
3.8.3.2. Labor Cost
3.8.3.3. Manufacturing Expense
3.9. Regulatory Compliance
3.10. Competitive Landscape, 2022
3.10.1. Player Positioning Analysis
3.10.2. Key Strategies Adopted By Leading Players
CHAPTER 4. Manufacturing Plant Analysis
4.1. Manufacturing Plant Location and Establish Date of Major Manufacturers in 2022
4.2. R&D Status of Major Manufacturers in 2022
CHAPTER 5. Gravure Printing Inks Market By Resin
5.1. Introduction
5.2. Gravure Printing Inks Revenue By Resin
5.2.1. Gravure Printing Inks Revenue (USD Billion) and Forecast, By Resin, 2020-2032
5.2.2. Acrylic
5.2.2.1. Acrylic Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
5.2.3. Nitrocellulose
5.2.3.1. Nitrocellulose Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
5.2.4. Polyamide
5.2.4.1. Polyamide Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
5.2.5. Polyurethane
5.2.5.1. Polyurethane Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
5.2.6. Others (including Polyester, Maleic, Ketonic, and Polyvinyl)
5.2.6.1. Others (including Polyester, Maleic, Ketonic, and Polyvinyl) Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
CHAPTER 6. Gravure Printing Inks Market By Technology
6.1. Introduction
6.2. Gravure Printing Inks Revenue By Technology
6.2.1. Gravure Printing Inks Revenue (USD Billion) and Forecast, By Technology, 2020-2032
6.2.2. Solvent-based
6.2.2.1. Solvent-based Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
6.2.3. Water-based
6.2.3.1. Water-based Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
6.2.4. Others (including UV-curable)
6.2.4.1. Others (including UV-curable) Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
CHAPTER 7. Gravure Printing Inks Market By Application
7.1. Introduction
7.2. Gravure Printing Inks Revenue By Application
7.2.1. Gravure Printing Inks Revenue (USD Billion) and Forecast, By Application, 2020-2032
7.2.2. Furniture
7.2.2.1. Furniture Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
7.2.3. Packaging
7.2.3.1. Packaging Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
7.2.4. Publication
7.2.4.1. Publication Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
7.2.5. Others (including Wrapping Paper, Wallpaper, Textile, and Label)
7.2.5.1. Others (including Wrapping Paper, Wallpaper, Textile, and Label) Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
CHAPTER 8. North America Gravure Printing Inks Market By Country
8.1. North America Gravure Printing Inks Market Overview
8.2. U.S.
8.2.1. U.S. Gravure Printing Inks Revenue (USD Billion) and Forecast By Resin, 2020-2032
8.2.2. U.S. Gravure Printing Inks Revenue (USD Billion) and Forecast By Technology, 2020-2032
8.2.3. U.S. Gravure Printing Inks Revenue (USD Billion) and Forecast By Application, 2020-2032
8.3. Canada
8.3.1. Canada Gravure Printing Inks Revenue (USD Billion) and Forecast By Resin, 2020-2032
8.3.2. Canada Gravure Printing Inks Revenue (USD Billion) and Forecast By Technology, 2020-2032
8.3.3. Canada Gravure Printing Inks Revenue (USD Billion) and Forecast By Application, 2020-2032
8.4. North America PEST Analysis
CHAPTER 9. Europe Gravure Printing Inks Market By Country
9.1. Europe Gravure Printing Inks Market Overview
9.2. U.K.
9.2.1. U.K. Gravure Printing Inks Revenue (USD Billion) and Forecast By Resin, 2020-2032
9.2.2. U.K. Gravure Printing Inks Revenue (USD Billion) and Forecast By Technology, 2020-2032
9.2.3. U.K. Gravure Printing Inks Revenue (USD Billion) and Forecast By Application, 2020-2032
9.3. Germany
9.3.1. Germany Gravure Printing Inks Revenue (USD Billion) and Forecast By Resin, 2020-2032
9.3.2. Germany Gravure Printing Inks Revenue (USD Billion) and Forecast By Technology, 2020-2032
9.3.3. Germany Gravure Printing Inks Revenue (USD Billion) and Forecast By Application, 2020-2032
9.4. France
9.4.1. France Gravure Printing Inks Revenue (USD Billion) and Forecast By Resin, 2020-2032
9.4.2. France Gravure Printing Inks Revenue (USD Billion) and Forecast By Technology, 2020-2032
9.4.3. France Gravure Printing Inks Revenue (USD Billion) and Forecast By Application, 2020-2032
9.5. Spain
9.5.1. Spain Gravure Printing Inks Revenue (USD Billion) and Forecast By Resin, 2020-2032
9.5.2. Spain Gravure Printing Inks Revenue (USD Billion) and Forecast By Technology, 2020-2032
9.5.3. Spain Gravure Printing Inks Revenue (USD Billion) and Forecast By Application, 2020-2032
9.6. Rest of Europe
9.6.1. Rest of Europe Gravure Printing Inks Revenue (USD Billion) and Forecast By Resin, 2020-2032
9.6.2. Rest of Europe Gravure Printing Inks Revenue (USD Billion) and Forecast By Technology, 2020-2032
9.6.3. Rest of Europe Gravure Printing Inks Revenue (USD Billion) and Forecast By Application, 2020-2032
9.7. Europe PEST Analysis
CHAPTER 10. Asia Pacific Gravure Printing Inks Market By Country
10.1. Asia Pacific Gravure Printing Inks Market Overview
10.2. China
10.2.1. China Gravure Printing Inks Revenue (USD Billion) and Forecast By Resin, 2020-2032
10.2.2. China Gravure Printing Inks Revenue (USD Billion) and Forecast By Technology, 2020-2032
10.2.3. China Gravure Printing Inks Revenue (USD Billion) and Forecast By Application, 2020-2032
10.3. Japan
10.3.1. Japan Gravure Printing Inks Revenue (USD Billion) and Forecast By Resin, 2020-2032
10.3.2. Japan Gravure Printing Inks Revenue (USD Billion) and Forecast By Technology, 2020-2032
10.3.3. Japan Gravure Printing Inks Revenue (USD Billion) and Forecast By Application, 2020-2032
10.4. India
10.4.1. India Gravure Printing Inks Revenue (USD Billion) and Forecast By Resin, 2020-2032
10.4.2. India Gravure Printing Inks Revenue (USD Billion) and Forecast By Technology, 2020-2032
10.4.3. India Gravure Printing Inks Revenue (USD Billion) and Forecast By Application, 2020-2032
10.5. Australia
10.5.1. Australia Gravure Printing Inks Revenue (USD Billion) and Forecast By Resin, 2020-2032
10.5.2. Australia Gravure Printing Inks Revenue (USD Billion) and Forecast By Technology, 2020-2032
10.5.3. Australia Gravure Printing Inks Revenue (USD Billion) and Forecast By Application, 2020-2032
10.6. South Korea
10.6.1. South Korea Gravure Printing Inks Revenue (USD Billion) and Forecast By Resin, 2020-2032
10.6.2. South Korea Gravure Printing Inks Revenue (USD Billion) and Forecast By Technology, 2020-2032
10.6.3. South Korea Gravure Printing Inks Revenue (USD Billion) and Forecast By Application, 2020-2032
10.7. Rest of Asia-Pacific
10.7.1. Rest of Asia-Pacific Gravure Printing Inks Revenue (USD Billion) and Forecast By Resin, 2020-2032
10.7.2. Rest of Asia-Pacific Gravure Printing Inks Revenue (USD Billion) and Forecast By Technology, 2020-2032
10.7.3. Rest of Asia-Pacific Gravure Printing Inks Revenue (USD Billion) and Forecast By Application, 2020-2032
10.8. Asia Pacific PEST Analysis
CHAPTER 11. Latin America Gravure Printing Inks Market By Country
11.1. Latin America Gravure Printing Inks Market Overview
11.2. Brazil
11.2.1. Brazil Gravure Printing Inks Revenue (USD Billion) and Forecast By Resin, 2020-2032
11.2.2. Brazil Gravure Printing Inks Revenue (USD Billion) and Forecast By Technology, 2020-2032
11.2.3. Brazil Gravure Printing Inks Revenue (USD Billion) and Forecast By Application, 2020-2032
11.3. Mexico
11.3.1. Mexico Gravure Printing Inks Revenue (USD Billion) and Forecast By Resin, 2020-2032
11.3.2. Mexico Gravure Printing Inks Revenue (USD Billion) and Forecast By Technology, 2020-2032
11.3.3. Mexico Gravure Printing Inks Revenue (USD Billion) and Forecast By Application, 2020-2032
11.4. Rest of Latin America
11.4.1. Rest of Latin America Gravure Printing Inks Revenue (USD Billion) and Forecast By Resin, 2020-2032
11.4.2. Rest of Latin America Gravure Printing Inks Revenue (USD Billion) and Forecast By Technology, 2020-2032
11.4.3. Rest of Latin America Gravure Printing Inks Revenue (USD Billion) and Forecast By Application, 2020-2032
11.5. Latin America PEST Analysis
CHAPTER 12. Middle East & Africa Gravure Printing Inks Market By Country
12.1. Middle East & Africa Gravure Printing Inks Market Overview
12.2. GCC
12.2.1. GCC Gravure Printing Inks Revenue (USD Billion) and Forecast By Resin, 2020-2032
12.2.2. GCC Gravure Printing Inks Revenue (USD Billion) and Forecast By Technology, 2020-2032
12.2.3. GCC Gravure Printing Inks Revenue (USD Billion) and Forecast By Application, 2020-2032
12.3. South Africa
12.3.1. South Africa Gravure Printing Inks Revenue (USD Billion) and Forecast By Resin, 2020-2032
12.3.2. South Africa Gravure Printing Inks Revenue (USD Billion) and Forecast By Technology, 2020-2032
12.3.3. South Africa Gravure Printing Inks Revenue (USD Billion) and Forecast By Application, 2020-2032
12.4. Rest of Middle East & Africa
12.4.1. Rest of Middle East & Africa Gravure Printing Inks Revenue (USD Billion) and Forecast By Resin, 2020-2032
12.4.2. Rest of Middle East & Africa Gravure Printing Inks Revenue (USD Billion) and Forecast By Technology, 2020-2032
12.4.3. Rest of Middle East & Africa Gravure Printing Inks Revenue (USD Billion) and Forecast By Application, 2020-2032
12.5. Middle East & Africa PEST Analysis
CHAPTER 13. Player Analysis Of Gravure Printing Inks Market
13.1. Gravure Printing Inks Market Company Share Analysis
13.2. Competition Matrix
13.2.1. Competitive Benchmarking of key players by price, presence, market share, and R&D investment
13.2.2. New Product Launches and Product Enhancements
13.2.3. Mergers And Acquisition In Global Gravure Printing Inks Market
13.2.4. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
CHAPTER 14. Company Profile
14.1. Altana AG
14.1.1. Company Snapshot
14.1.2. Business Overview
14.1.3. Financial Overview
14.1.3.1. Revenue (USD Billion), 2022
14.1.3.2. Altana AG 2022 Gravure Printing Inks Business Regional Distribution
14.1.4. Product /Service and Specification
14.1.5. Recent Developments & Business Strategy
14.2. Flint Group
14.3. SiegwerkDruckfarben AG & Co. KGaA
14.4. Huber Group
14.5. Royal Dutch Printing Ink Factories Van Son
14.6. Sakata INX Corporation
14.7. Sun Chemical Corporation
14.8. Toyo Ink Group
14.9. T&K TOKA Corporation
14.10. Wikoff Color Corporation
14.11. Zeller+Gmelin GmbH & Co. KG.