Global Rotogravure Printing Inks Market Research Report by Resin Type (Nitrocellulose, Polyamide, Polyurethane, Acrylic), Technology (Solvent-Based, Water-Based), Application (Packaging, Publication, Product & Promotion) – Forecast till 2023
Pune, India -- (SBWIRE) -- 03/05/2018 -- Rotogravure Printing Inks are used in an intaglio printing process to decorative the Rotogravure Printing Inks are used in a wide variety of end-uses due to their capability of offering superior quality, glossy finish, and reliable nature to the product. Thus, they are used in various applications such as packaging, publication, product & promotion, and others. The Global Rotogravure Printing Inks Market is spanned across five regions of the world namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds a major share of the global market and is projected to continue leading owing to the increasing consumption of printing inks in packaging, publication, product & promotion, and others. It is estimated that the packaging segment is set to observe the highest CAGR in the market due to boundless use of inks in catalogs, images, and other. Moreover, increasing demand for the ecofriendly product in packaging sector is likely to witness a rapid growth during the forecast period. These factors have led to China, India, and Japan to be the major players of this region.
The North American market is expected to grow at a higher CAGR due to extensive consumption of nitrocellulose and polyamide resins in end-use applications. The U.S., Canada, and Mexico have achieved a significant place in the market due to the growing investments in the packaging industries. Therefore, the growing demand for hot melt inks is estimated to drive the market during the forecast period.
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A moderate development is achieved in Europe due to the growing demand for the product in directories, inserts, catalogs, and others. The rapid urbanization coupled with technology have propelled the market to witness a better growth. Thus, countries such as Germany, the U.K, and Italy are the major contributors to this market.
A considerable development is predicted in the Latin American region such as in Brazil, Uruguay, and Argentina due to the growing consumption of printing inks in packaging, publication, and product & promotion segments. Moreover, a rapid development is estimated in the Middle East & African region such as Qatar, the U.A.E, and others due to increasing demand for rotogravure inks in consumer packaging, newspaper ad inserts, and others.
The Global Rotogravure Printing Inks Market is segmented into the resin type, technology, and application. On the basis of the resin type, the market is sub-divided into nitrocellulose, polyamide, polyurethane, and acrylic segments. On the basis of the technology, the market is sub-divided into solvent-based, and water-based segments. On the basis of the application, the market is further segregated into packaging, publication, product & promotion, and others.
Some of the well-known players operating in the Global Rotogravure Printing Inks Market are Flint Group (Luxembourg), DIC CORPORATION (Japan), Toyo Ink SC Holdings Co., Ltd. (Japan), Dainichiseika Color & Chemicals Mfg.Co., Ltd. (Japan), SAKATA INX CORPORATION (Japan), T & K TOKA Corporation (Japan), Tokyo Printing Ink MFG. Co., Ltd. (Japan), Siegwerk Druckfarben AG & Co KGaA (Germany), MHM Holding GmbH (Germany), and Wikoff Color Corporation (U.S.), among others.
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