ALBANY, New York, September 9, 2016 /PRNewswire/ --
The market for gravure printing inks has been gaining increased momentum across the globe on account of the high-quality image reproduction and low per-unit costs offered by gravure printing. These inks have been extensively used in the packaging sector, which is experiencing swift growth in many countries.
Transparency Market Research (http://www.transparencymarketresearch.com) has released a new market report entitled "Gravure Printing Ink Market, By Product, By Application, and Geography - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast - 2016-2024." According to this report, the global gravure printing ink market was valued at US$ 1,873.5 Mn in 2015 and is projected to reach US$ 2,663.6 Mn by 2024, at a CAGR of 3.98% from 2016 to 2024. In terms of volume the gravure printing ink market is expected to reach 928 kilo tons by 2024, expanding at a CAGR of 3.4% between 2016 and 2024
On account of the high-quality image reproduction and low per-unit costs produced by gravure printing, the market for gravure printing inks is gaining wide momentum around the globe. These inks have been extensively used in the packaging sector, which is experiencing swift growth in many countries. There are inks resistant to exposure to moisture, oxygen, and UV light. This type of ink helps reduce excess packaging for perishables as it provides protection from environmental exposure. However the gravure printing ink industry is witnessing numerous challenges in several applications owing to rising demand for flexographic printing ink. The demand for flexographic inks in several countries of North America and Europe has prominently increased recently, negatively impacting the gravure ink industry in such regions.
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Gravure printing finds wide application in the packaging industry. In the recent past the GDPs of several developing countries have improved considerably. This has made a significant impact in their manufacturing sector, which is considered to be the backbone of any economy. Development in the manufacturing sector is creating a positive impact in the packaging industry, which is considered to be the dominant user of gravure printing inks. However a growing online advertising and publishing industry is negatively impacting the demand for the gravure printing ink industry, especially in the developed regions around the globe.
The global market for the gravure printing has been segmented into product type and application type. The product segment comprises solvent-based gravure printing inks and water-based gravure printing inks. Solvent-based gravure printing inks are considered among the most widely used gravure inks worldwide. This is primarily due to their ability to dry quickly and the ease of adaptation to various substrates. In the year 2015, the total revenue generated by the solvent-based gravure printing inks was calculated at US$ 1,079.1 Mn, which is almost 57.6% of the overall gravure printing ink market's revenue. However, water-based gravure printing inks, due to their compliance with the several environmental regulations, are gaining more momentum. It has been estimated that during the forecast period the global revenue of the water-based gravure printing inks segment would rise at CAGR 5.0%.
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In terms of application gravure printing inks have been widely used in the packaging segment. In the year 2015 the market for packaging gravure inks was estimated at around 60%. In the publication segment, the demand for gravure printing inks witnessed moderate growth in 2015 due to growth in the online advertising and publishing industries, which is hampering the demand for the gravure printing inks.
Major players of the gravure printing industry comprises of Tokyo Printing Ink Mfg. Co. Ltd., Dainichiseika Color & Chemicals Mfg. Co., Ltd., Sun Chemical Corporation, Flint Group, Toyo Ink SC Holdings Co., Ltd., Lawter Inc. , Yansefu Inks and Coatings Pvt. Ltd., Siegwerk Druckfarben AG & Co. KGaA, Sakata INX Corporation, Huber Group, Zeller+Gmelin GmbH & Co. KG, ALTANA AG, Wikoff Color Corporation, SICPA Holding SA, Fujifilm Sericol India Private Limited, Royal Dutch Printing Ink Factories Van Son and T&K Toka Co., Ltd
Gravure Printing Market: By Product
- Solvent-based Gravure Printing Inks
- Water-based Gravure Printing Inks
Gravure printing ink Market: By Application
- Food Packaging
- Wall Papers
- Wrapping Paper
- Furniture Laminates
- Greeting Cards
Gravure printing ink Market: By Region
- The U.S.
- The U.K.
- Rest of Europe
- Rest of Asia Pacific
Middle East & Africa
- South Africa
- Rest of Middle East and Africa
- Rest of Latin America
Browse Regional Research PR: http://www.europlat.org/global-gravure-printing-ink-market.htm
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- Solvent-based Inks Market: http://www.transparencymarketresearch.com/solvent-based-inks-market.html
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