According to new Global Market Insights, Inc, chemical research report Gravure Printing Ink Market size is increasing rapidly from 2019 to 2025 owing to growing demand from packaging and printing industry. Growing packaging industry and its expansion across the global in addition to rise in industrialization is the prime factor that has boosted the gravure printing inks demand. This is mainly due to constant supply of inks for tags & labeling purposes and expansion of ecommerce industry, where packaging material for products forms a vital component of the businesses for transporting goods. Gravure printing ink possess exceptionally low viscose properties, which makes it favorable for various printing applications. Furthermore, rising demand for furniture laminates, wrapping papers, postcards, etc. will upsurge gravure printing ink market growth in the near future.
Significant increase in demand for gravure printing ink from packaging industry. Gravure printing ink usage further extends to numerous niche applications that includes moisture & UV light resistant based on diverse printing requirements. The product is also used in various printing materials include, oriented polypropylene (OPP), polyester, polyethylene (PE) and nylon. Gravure ability to print on thin films such as polyethylene, polyester, and nylon, which is a preferred for printing process in the packaging business. This printing preferred over flexo printing due to higher profitability and low installation cost and will directly swell the product demand in the next few years. Price volatility of raw materials coupled with various environment regulations may hamper the gravure printing ink market size in projected timeframe. This will limit their production and profit margin among suppliers and product manufactures.
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Based on resin type, gravure printing ink market are categorized into nitrocellulose, polyurethane, polyamide, acrylic and others that includes maleic, ketonic, polyester, and polyvinyl. Nitrocellulose in bi-element and mono element form is basically used in formulation of inks owing to easy drying; low cost; film forming ability; heat resistance and solubility in ketones, esters and alcohol-ethers mixtures.
By type, gravure printing ink market are classified into oil based, solvent based, water based, and others that includes UV cured inks, etc. Water based inks are growing momentum, as they comply with various environmental regulations. Whereas, solvent based speciality inks are among extensively used inks owing to its quick dry ability.
The application of gravure printing ink market is categorized into publication, packaging, furniture and others, which includes wallpaper, wrapping paper, textile, and label. Rising demand from publishing in addition to packaging based applications will surge the product demand in the coming years. Moreover, its demand in the furniture sector has been swelling substantially owing to the rise in the production of products such as ready-to-assemble furniture, cabinets, and flooring.
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Asia Pacific gravure printing ink market is projected to grow with a significant growth rate owing to rise in food packaging and lamination industries in the region. Growing processed and canned food market in emerging economies such as India and China are expected to surge the product market in the region. European region is projected to remain a key gravure printing ink market for gravure printing inks due to its rising commercial printing demand and acceptance in eco-friendly category. Technology advancement, rising disposable income has resulted an increase in demand for interior designing with customized wall décor and wallpapers, which will fuel the gravure printing inks demand in many developed countries in the near future.
Some of the players in the gravure printing ink market are Flint Group, MITSU Inks Pvt. Ltd., DIC Corporation, Sakata, Siegwerk Druckfarben., Worldtex Speaciality Chemicals, CHEMICOAT, Hubergroup Deutschland GmbH, Wikoff Color, Technocrafts India., Sun Chemical, Mac-Mixu Coating & Chemicals, Dainichiseika Color & Chemicals Mfg. Co., Ltd, etc.
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