Global Rotogravure Printing Ink Market is Segmented By Resin Type (Nitrocellulose, Polyamide, Polyurethane, Acrylic, Other), By Technology(Solvent-based, Water-based, Others), By Application(Packaging, Publication, Product, Promotion), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) ā Share, Size, Outlook, and Opportunity Analysis, 2023-2030
Rotogravure Printing Ink Market Overview
The Global "Rotogravure Printing Ink Market" is expected to reach at a CAGR of 2.8% within the forecast period (2023-2030).
Rotogravure Printing Ink Market Summary
Metrics |
Details |
Market CAGR |
2.8% |
Segments Covered |
By Resin Type, By Technology, By Application, and By Region |
Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other vital insights. |
Fastest Growing Region |
Asia Pacific |
Largest Market Share |
North America |
To Get a Free Sample Click here
Rotogravure is an Intaglio Printing process involving engraving the image onto an image carrier. The picture is engraved onto a cylinder; the ink is applied directly to the cylinder and transferred to the substrate in gravure printing. Because of its capacity to print on thin film such as polyester, OPP, nylon, and PE, which come in a wide variety of thicknesses, generally 10 to 30 micrometers, rotogravure printing is the most prevalent printing method used in flexible packaging manufacture.
The rotogravure printing process is rarely widely used, owing to its high initial investment and lengthy process of producing printing cylinders. It means that, while employing this method, product delivery timeframes will be quite long. However, the rotogravure process rules supreme when it comes to generating high-end printing in huge quantities.
Source: DataM Intelligence Analysis (2023)
Rotogravure Printing Ink Market Dynamics
Increasing flexible packaging applications in various end-user industries has created immense demand for rotogravure printing inks. Increasing demand for the rotogravure inks due to their high-quality finishes, and sharp and fine lines drives the market share for the product.
Increasing flexible packaging applications in various end-user industries has created immense demand for rotogravure printing inks market
Flexible packaging has become much more prevalent in various industries ranging from consumer products to industrial applications. Gravure printing inks are used for flexible packaging printing. Because of its capacity to print on thin film such as polyester, OPP, nylon, and PE, which come in a wide variety of thicknesses, generally 10 to 30 micrometers, rotogravure printing is the most prevalent printing method used in flexible packaging manufacture.
Flexible packaging has a major application in the e-commerce sector. It can minimize shipping costs as a lightweight packaging medium, and it can be built to precisely match small package transport. Shipping containers can protect difficult-to-ship goods with built-in air pockets and pouches that stand up to air pressure and drop through the logistics channels can be used. Manufacturers are developing a business focus that caters to flexible packaging for this channel, including specific requirements and durability solutions. Thus improving the need for flexible packaging is expected to create immense opportunities for gravure printing inks to grow in the forecast period.
Increasing demand for the rotogravure inks due to their high-quality finishes, and sharp and fine lines drives the market share for the product
Rotogravure printing inks are used where high quality, sharp, and fine lines are required, such as greeting cards, wallpapers, wrapping papers, magazines, advertising materials including brochures, catalogs, self-adhesive labels, and flexible print packaging industry. High-speed drying solutions are essential for such inks to reduce printing flaws and improve dry performance. The inks used in rotogravure printing are more durable.
Furthermore, rotogravure printing inks offer various advantages, such as Rotogravure printing is the only high-speed and volume print process capable of printing continuous-tone images. Rotogravure printing produces superior ink laydown and more uniform print quality as a direct print method. In addition, modern presses can print up to 14 meters of film per second, allowing for extraordinarily fast turnaround times.
In other to speed up the printing process, rotogravure printing uses solvent-based inks that dry quickly and reduce time and cost. Labor costs are cheap because the process is almost fully automated. Rotogravure cylinders are incredibly robust and may be used for multiple prints runs if utilized and serviced regularly. Thus the mentioned advantages offered by the product are creating various opportunities for the product to grow in the forecast period.
The growing shift from print to digital media is hurdling the market's growth.
For the past many decades, printing technology has been reshaped due to the arrival of various printing techniques. Digital printing is one of the major changes that has changed the overall market share for the printing industry and has built multiple challenges for rotogravure printing methods.
Digital printing, unlike rotogravure printing, does not require printing plates; instead, it employs a toner similar to that used in laser printers or other big printers that print with liquid ink. When fewer bags are required, digital printing outperforms rotogravure printing, such as when a food maker has 50 or 100 business package printing goods and only needs a few bags of each. Changeable data is another advantage of digital printing over rotogravure printing. When each component requires a unique code, address, and name, digital printing is the best option.
At the same time, rotogravure printing cannot accommodate this need. While rotogravure printing is undoubtedly more cost-effective per bag, which cannot ignore the fact that many businesses do not require big runs of 10,000 or more per SKU, and, digital printing is the best option. Thus various additional advantages associated with digital printing methods acted as the major hurdle for the growth of rotogravure printing inks in recent times.
COVID-19 Impact on Rotogravure Printing Ink Market Growth
Since rotogravure printing inks are not final commodities in and of themselves but rely on primary goods for their growth, the novel coronavirus has had a detrimental influence on the market. However, demand for such primary commodities has gradually reduced due to the pandemic, thus impacting the rotogravure printing ink market revenue. Due to numerous country-specific lockdowns and limitations, demand for various consumer-oriented goods has gradually diminished.
Production units have become overworked, resulting in the rotogravure printing ink market's demise. COVID-19 has impacted that most major players have been forced to shut down their main production units and lay off people. However, once the lockdown limitations are lifted, and individuals are free to travel, the market is projected to rise significantly. Following the lockdown, it is expected that demand for printing inks will expand considerably in the packaging and advertising media sectors, resulting in a market boom.
Rotogravure Printing Ink Market Segment and Shares Analysis
The global rotogravure printing ink market can be segmented on resin type, technology, application, and region.
Solvent-based offer various advantages, such as it is faster and taking less time to dry. The market growth factor is the raw material price volatility, combined with various environmental laws
The global rotogravure printing ink market based on technology is segmented into solvent-based, water-based, and others. Of the mentioned types, solvent-based hold a dominating position in the market. While solvent-based is faster and takes less time to dry, water-based is more environmentally friendly but takes longer to dry. Over the last few years, oil and solvent-based printing inks have dominated the industry, while water-based printing inks are predicted to be the fastest-growing category.
Over the projection period, raw material price volatility, combined with various environmental laws on solvent-based printing inks, is likely to interfere with gravure printing ink industry growth and provide challenges to industry participants. Furthermore, the mass manufacturing of UV-cured and water-based printing inks is expected to present lucrative prospects for industry participants.
Technological advancements such as the quick-change press developed by Cerrutti and Schiavi, allowing changeovers in a considerably shorter period and ensuring high efficiency at minimized cost, are expected to yield industry participants opportunities.
Source: DataM Intelligence Analysis (2023)
Rotogravure Printing Ink Market Geographical Analysis
Growing lamination and food packaging industries and rising demand for processed and canned foods in emerging countries such as China and India are boosting the Asia-Pacific market
Asia-Pacific is projected to witness significant gravure printing ink market growth over the forecast period due to the region's growing lamination and food packaging industries. The industry in the region is likely to benefit from the rising demand for processed and canned foods in emerging countries such as China and India. Increasing disposable income is expected to fuel demand for interior design with personalized wallpapers, resulting in market expansion.
Furthermore, the Asia-Pacific is reported to show unprecedented growth in the flexible packaging market in the last few years. It is expected to maintain dominance in the projected time frame. The regional market's growth, especially in China and India, is due to the flourishing food & beverage industry.
Improving demand for packaged food, combined with increasing customer disposable income, is expected to spur demand over the forecast period for flexible packaging, creating immense opportunities for the rotogravure Printing Ink Market to grow over the forecast period. Europe is estimated to remain a key regional market due to its environmentally friendly acceptance and growing commercial printing demand.
Source: DataM Intelligence Analysis (2023)
Rotogravure Printing Ink Companies and Competitive Landscape
The rotogravure printing ink market is highly competitive with the presence of local and global companies. Some prime companies contributing to the market's growth are Dainichiseika Color & Chemicals Mfg. Co., Ltd., Flint Group, DIC Corporation, Toyo Ink SC Holdings Co., Ltd., Sakata Inx Corporation, T&K Toka Co., Ltd., Hubergroup Deutschland GmbH, Tokyo Printing Ink Manufacturing Co., Ltd., Siegwerk Druckfarben AG & Co. KGaA and Wikoff Color Corporation and others.
The major companies are adopting several growth strategies such as acquisitions, product launches, and collaborations, contributing to the global market growth of rotogravure printing ink.
- For instance, on October, 13th 2020, DIC India launched its first-ever mobile application in India named DIC India Ink Master app. The app provides Indian customers with a unique platform to address their day-to-day operational queries.
Flint Group
Overview: The company is a manufacturing company having headquarters in Luxembourg. The company holds total revenue of US$ 2.3 million and about 7,900 employees; Flint Group is one of the growing suppliers to the printing and packaging and labeling industries globally. Flint Group operates nearly 180 sites in 40 countries globally.
Product Portfolio: The Company has a product portfolio of rotogravure printing inks that include:
- ZenCode solvent-based inks: The inks are designed for the environment and promote the developing circular economy in flexible packaging. Colored inks, whites, and a variety of 1- and 2-component overprint varnishes are offered for flexographic and rotogravure printing, including enhanced color gamut printing, and comprise a certified range of chemistries.
Key Development
- For instance, On 10 September 2021, Flint Group Packaging Inks announced its ZenCode CG and ZenCode CS ink series had been assessed against the Cradle to Cradle CertifiedƤ Product requirements Standard's Material Health category, earning a Gold and Silver level, respectively. ZenCode is part of the company's ONECode solvent-based inks and coatings line, which was recently unveiled.
Why Purchase the Report?
- Visualize the rotogravure printing ink market segmentation by resin type, technology, and application, highlighting key commercial assets and players.
- Identify commercial opportunities in the rotogravure printing ink market by analyzing trends and co-development deals.
- Excel data sheet with thousands of rotogravure printing ink market-level 4/5 segmentation data points.
- PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
- Product mapping in excel for the key product of all major market players
The global rotogravure printing ink market report would provide approximately 61 market data tables, 55 figures, and 180 pages.
