Gravure Printing Inks Market (By Resin: Acrylic, Nitrocellulose, Polyamide, Polyurethane, Others (including Polyester, Maleic, Ketonic, and Polyvinyl); By Technology: Solvent-based, Water-based, Others (including UV-curable); By Application: Furniture, Packaging, Publication, Others (including Wrapping Paper, Wallpaper, Textile, and Label)) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

Introduction:

Gravure printing ink comprises of solid resins, pigments, volatile solvents, additives, and fillers. It contains no vegetable oil, and its drying strategies are generally volatile. Gravure printing includes etching and uses a turning printing press. Solvents are utilized to break down or scatter all the strong parts of the ink, wet the outside of the substrate, direct the drying rate of the ink, and change the consistency of the ink to make it reasonable for printing plate prerequisites. It is of two sorts including dissolvable based and water based. While dissolvable based is quick and sets aside less effort to dry, water-based is eco-accommodating and takes a more extended length to dry. Oil and dissolvable based printing inks commanded the printing inks market in the course of recent years while water-based printing ink is expected to develop as the quickest developing segment. Printing is broadly utilized on various surfaces running from aluminum jars and plastic containers through to the paper. The fundamental crude materials for ink creation are colors, fasteners, solvents, and added substances. Demand for gravure printing inks is becoming quickly attributable to the expanding cluster of end-use application and businesses.

The global gravure printing inks market size is expected to reach USD 4.79 billion by 2026 and expanding at a CAGR of more than 4.5% from 2019 to 2026.

Market Dynamics:

The worldwide increment in applications in end-client ventures, for example, packaging and overlay are expected to remain a key driving variable for gravure printing ink market throughout the following seven years. Inside the packaging business, labels and marks are slated to command gravure request. Gravure printing ink is foreseen to be a predominant and favored sort over its partners attributable to high and reliable illustrations quality printing and higher ink covering weight to be utilized. It discovers application in wrapping papers, magazines, nourishment packaging, furniture covers, postcards, backdrop, framing, and welcome cards. Expanding handled sustenance request prompting rising nourishment packaging request is foreseen to drive market development. Its use stretches out further to different specialty applications, for example, UV light and dampness safe dependent on various printing needs.

UV relieved inks are utilized for non-sustenance items packaging, for example, for tobacco items. Expanding interest for water-based and UV-restored printing inks inferable from its consistency with natural guidelines is foreseen to drive gravure printing ink to market development over the figure time frame. Likewise, security from natural introduction results in overabundance packaging prerequisite decrease for makers. This is expected to decidedly affect market development over the figure time frame. Gravure printing faces a firm challenge with flexo printing from its low cost and in this way higher productivity. Be that as it may, the market is anticipated to observe impressive development due to the new chamber and press innovations have diminished lead time and sliced cost making it, is attractive to manufacturers.

The development popular for gravure printing inks helps market development. Additionally, the ascent in the prerequisite of bio-based printing inks is expected to lead the market development. In addition, the requirement for printing inks in metal jars, labels and names, and adaptable materials likewise fuel the market development. Nevertheless, the expansion in mindfulness about the nearness of digital books and stringent ecological guidelines on the generation of the inks is expected to limit market development. Crude materials price coupled with different natural guidelines on printing inks that can be dissolved is expected to block gravure printing ink market development and posture difficulties to industry members over the figure time frame.

The gravure printing inks market has been picking up energy over the globe because of the fantastic picture propagation and low per-unit costs offered by gravure printing. These inks have been broadly utilized in the packaging segment, which is growing quickly in numerous nations. Water-based and UV relieved printing inks' manufacturing is slated to make potential opportunities for industry members over the estimated time frame. Innovative headways, for example, brisk change press created by Cerrutti and Schiavi, permitting changeovers in significantly shorter time length and guaranteeing high productivity at the limited expense is expected to yield chances to industry members.

Market Insights:

The nitrocellulose segment is projected to dominate the global gravure printing inks market in 2028. Nitrocellulose is an essential substance utilized for ink definitions in the mono-and bi-segments structure. The material is altogether utilized because of its favorable circumstances, for example, simple drying; film-framing capacity; minimal effort; heat obstruction; solvency in liquor ethers blends, ketones, and esters; and dilatability in hydrocarbons. It has a low scent, a great level of dimensional steadiness, and restricted protection from acids and antacids.

Dissolvable based gravure printing inks are among the generally utilized gravure inks on the planet. This can be basically attributed to their capacity to dry rapidly and simplicity of adjustment on different substrates. Then again, water-based gravure printing inks are picking up energy, as these inks consent to a few ecological guidelines.

Development of the packaging business is the essential factor boosting the worldwide gravure printing inks market. Extension of transportation and packaging businesses over the globe, particularly in creating locales, and the ascent in industrialization are expanding the global market. Gravure printing inks can be utilized in printing materials, for example, polyester, arranged polypropylene (OPP), nylon, and polyethylene (PE). This is additionally a key factor in boosting the interest in gravure printing inks. In addition, gravure is a favored printing process in the packaging business because of its capacity to print on meager movies, for example, polyester, nylon, and polyethylene. This is assessed to fuel the interest for gravure printing inks over the globe in the following couple of years.

Certain countries on the planet have instituted ecological guidelines with respect to the emanation of Volatile Organic Compounds (VOC) from dissolvable based printing inks. A few nations around the world are expanding the use of water-based inks in different printing applications so as to consent to these natural guidelines. Driven by their manageability, gravure inks are supplanting dissolvable based inks in different applications.

Regional Insights:

The Asia Pacific market is anticipated to observe noteworthy gravure printing ink market development over the gauge time frame inferable from developing overlay and sustenance packaging ventures in the district. Expanding prepared and canned sustenance request in rising nations, for example, China and India are expected to decidedly affect the market in the district. Expanding discretionary cash flow bringing about the developing interest for inside structuring with redid backdrops is slated to drive request and thusly market development. Europe market is foreseen to remain a key territorial market inferable from its acknowledgment in the earth well-disposed class and developing business printing request. North America market is anticipated to observe impressive development in gravure printing ink market over the gauge time frame inferable from gravure getting to be able with innovative headways.Demand for flexographic printing in a few nations in North America and Europe has expanded essentially attributable to the lower ink utilization, reduced labor prerequisite, and quicker changeovers of flexographic printing inks.

Market Segmentation:

Market Segmentation By Resin:

• Acrylic
• Nitrocellulose
• Polyamide
• Polyurethane
• Others (including Polyester, Maleic, Ketonic, and Polyvinyl)

Market Segmentation By Technology:

• Solvent-based
• Water-based
• Others (including UV-curable)

Market Segmentation By Application:

• Furniture
• Packaging
• Publication
• Others (including Wrapping Paper, Wallpaper, Textile, and Label)

Market Segmentation By Region:

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • Rest of Asia-Pacific
• Latin America
  • Brazil
  • Chile
  • Rest of Latin America
• Middle East and Africa (MEA)
  • South Africa
  • Saudi Arabia
  • Rest of MEA

Market Participants:

The high level of rivalry exists among players working in the worldwide gravure printing inks market. The market is ruled by a couple of real players and is reasonably solidified.

Flint Ink has propelled two new gravure overlaying ink frameworks including sterling GL and narrowband ultra. They are gone for giving great securities and low held solvents on a wide assortment of substrates and amazingly low held solvents with astounding printability individually. Both the frameworks are press-accommodating and are expected to be dependable entertainers.

Major companies contributing the global gravure printing inks market are 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.