The global gravure printing inks market is immensely
fragmented, finds Transparency Market Research, and the top six
companies cumulatively accounted for a share of over 75% in 2015. The
production and market revenue of these players – Sun Chemical
Group, Flint Group, Toyo Ink Mfg. Co. Ltd., Sakata INX, Siegwerk
Druckfarben AG & Co. KGaA, and Huber Group – have been
adversely impacted due to various economic and technological
developments in the past few years. However, TMR predicts that these
vendors are likely to witness moderate growth during the forecast
period.
Browse Market Research Report @
Increasing their focus on R&D activities,
expansion toward digital printing inks, and inorganic expansions are
some of the leading strategies adopted by players in the gravure
printing inks market. Toyo Printing Ink’s launch of Zipcure, an
energy-saving UV ink, and Sun Chemical’s acquisition of Druckfarben
Hellas are recent examples of these strategies.
The opportunity presented by the global gravure
printing ink market is expected to be worth US$2.6 bn by 2024, states
TMR, rising from US$1.8 bn in 2015 at a 3.98% CAGR therein. In terms
of volume, the market is expected to register a CAGR of 3.4% from
2016 to 2024.
gravure-printing-ink-market
Demand for Gravure Printing Inks Soars in
Packaging Industry
On the basis of product type, solvent-based gravure
printing ink led the overall market with a revenue of just over
US$1.0 bn in 2015. However, water-based inks are anticipated to
witness an accelerated growth of 5.0% during the forecast period. By
application, the packaging industry led the gravure printing inks
market in 2015 on account of rising industrialization in several
developing nations. The publication industry, on the other hand, is
witnessing a significant slump owing to the surging demand for
e-books and e-papers.
Fill the form for an exclusive sample of this
report @
Geographically, Asia Pacific is the leading producer
of gravure printing inks and in 2015, the region held almost 40% of
the global revenue. The market is estimated to register a modest
growth of 3.98% during the forecast period. “Although Asia Pacific
presently leads the overall gravure printing inks market, it is
estimated to lose its dominant position to Latin America in the next
eight years,” the lead analyst predicts. This will significantly
change the dynamics of the global gravure printing inks market.
Surge in GDP of Developing Countries Acts as
Growth Booster
“Over recent years, there has been a considerable
improvement in the GDP of many developing countries and this has
resulted in a major industrial revolution. The packaging and
publication industries have received an impetus following this
revolution and as a result, the demand for various raw materials has
soared,” the TMR analyst states. Gravure printing is the most
preferred printing process in the packaging industry owing to its
ability to print on thin films such as OPP, polyester, PE, and nylon.
This has led to a considerable rise in the demand for gravure
printing inks.
Growth of e-Commerce a Major Roadblock
The growing application of flexographic printing has
emerged as a major threat to the growth of the global gravure
printing inks market. Flexographic printing is past replacing
conventional gravure printing owing to its lower requirement for
manpower, reduced ink consumption, and faster changeovers. “Several
countries in North America and Europe have been witnessing this
transition in the recent past and this is negatively impacting the
market in these regions,” the author observes.
The proliferation of e-commerce is another restraint
to the gravure printing inks market as it has considerably reduced
paper-based communications. The popularity of e-books and e-papers
has soared across the globe, acting as a key deterrent.
Get Request For Discount On This Report @
This review is based on the findings of a TMR report
titled “Gravure Printing Inks Market - Global Industry Analysis,
Size, Share, Growth, Trends, and Forecast 2016 - 2024.”
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
- Magazines
- Newspaper
- Other
About
Us
Transparency Market Research (TMR) is a global market intelligence
company providing business information reports and services. The
company’s exclusive blend of quantitative forecasting and trend
analysis provides forward-looking insight for thousands of decision
makers. TMR’s experienced team of analysts, researchers, and
consultants use proprietary data sources and various tools and
techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team
of research experts so that it always reflects the latest trends and
information. With extensive research and analysis capabilities,
Transparency Market Research employs rigorous primary and secondary
research techniques to develop distinctive data sets and research
material for business reports.
Contact Us
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
No comments:
Post a Comment