Gravure Printing Ink Market Size, Industry Outlook Report, Regional Analysis, Application Development, Price Trends, Competitive Market Share & Forecast, 2024 – 2032

Gravure Printing Ink Market Size

Gravure Printing Ink Market is poised to grow with a lucrative rate from 2024 to 2032 due to the fast-growing packaging and lamination sectors. The increasing consumption of processed food has led to significant strides in the food packaging sector. As per the research by Northeastern University’s Network Science Institute, nearly 73% of the food supply in the United States is ultra-processed.
 

Furthermore, the emergence of novel cylinder & press technologies, coupled with the higher adoption of rotogravure printing inks in flexible packaging applications, is set to enhance the market dynamics.
 

Gravure Printing Ink Market Trends

The growing demand for eco-friendly and sustainable ink formulations, driven by environmental concerns and regulations is influencing market growth. There is a shift towards high-performance inks capable of delivering superior print quality and faster drying times. Furthermore, technological advancements, such as UV-curable and water-based formulations, are driving innovation in gravure printing inks. The customization and color accuracy are becoming increasingly important, leading to the adoption of digital color management solutions. Evaluating from these trends, the gravure printing ink industry is poised for continued growth and innovation.
 

Gravure Printing Ink Market Analysis

Based on type, the market size from solvent-based gravure printing inks segment will expand considerably through 2032 with increasing adoption as they are swift and take less time to dry. These inks are gaining widespread popularity across the globe on account of their ability to adapt to various substrates. However, the presence of various environmental regulations and raw material price volatility will obstruct the adoption of solvent-based product.
 

On the contrary, the water-based segment will witness an upsurge in revenue by 2032, on account of soaring consumer inclination for its eco-friendly benefits and adherence to several environmental regulations. Prominent technological advancements, along with mass production, are other factors supporting segment adoption.
 

The packaging segment will record strong CAGR from 2024 to 2032 with the booming online shopping, mainly across emerging countries. The growing usage of labels, plastic bags, and invoices in packaging for e-commerce will drive segment growth.
 

Asia Pacific gravure printing ink market will gain significant traction through 2032 on account of the escalating disposable incomes and rising acceptance of interior designing with customized wallpapers. The growing intake of processed and canned food, particularly in China and India, has led to the expansion of the food packaging sector in the region. As per a recent pan-India survey, nearly 93% of children consumed packed food and 53% consumed these foods daily.
 

The improved standards of living and booming packaging sector have resulted in higher product demand. Additionally, the presence of favorable government regulations in India has contributed to the influx of medium and small enterprises. Factors including the increasing number of production facilities and mounting investments by foreign companies are likely to benefit APAC market growth.
 

Gravure Printing Ink Market Share

Some of the leading players in the gravure printing ink industry are:

• DIC Corporation
• Technocrafts India
• Siegwerk Druckfarben
• Dainichiseika Color & Chemicals Mfg. Co., Ltd
• Mac-Mixu Coating & Chemicals
• Sun Chemical (Sun Chemical Group CoÖPeratief Ua)
• Worldtex Speaciality Chemicals
• Hubergroup Deutschland GmbH (Mhm Holding Gesellschaft Mit BeschrÄNkter Haftung)
• Wikoff Color
• Flint Group
• CHEMICOAT
• MITSU Inks Pvt. Ltd.
• Sakata

These market participants are constantly resorting to persistent efforts, such as novel product launches, and are working on partnership-oriented strategies, to expand their portfolio and customer base. They are also focusing on capacity expansions to bolster sales.
 

Gravure Printing Ink Industry News

• On January 13, 2023, DIC Corporation disclosed its acquisition of additional shares in Green Science Materials, Inc. (GSM) through a third-party allotment, aimed at bolstering its capital. Following this transaction, DIC's ownership in GSM surpassed 50%, leading to the integration of GSM as a consolidated subsidiary within DIC Corporation.