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Rotogravure Printing Inks Market worth 4.30 Billion USD by 2021
The report "Rotogravure Printing Inks Market by Type (Nitrocellulose, Polyamide, Polyurethane, Acrylic, & Others), Technology (Solvent-Based, Water-Based, & Others), Application (Packaging, Publication, Product, & Promotion) - Global Forecast to 2021", The market size rotogravure printing inks is estimated to grow from USD 3.41 Billion in 2016 to USD 4.30 Billion by 2021, registering a CAGR of 4.99% between 2016 and 2021.
Browse 102 market data Tables and 66 Figures spread through 168 Pages and in-depth TOC on "Rotogravure Printing Inks Market by Type (Nitrocellulose, Polyamide, Polyurethane, Acrylic, & Others), Technology (Solvent-Based, Water-Based, & Others), Application (Packaging, Publication, Product, & Promotion) - Global Forecast to 2021"
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The market is driven by the rising demand for rotogravure printing inks in the growing packaging and publication industries. Increasing awareness of high-quality flexible packaging products and demand from Asia-Pacific along with the region’s increasing population is driving the rotogravure printing inks market.
Packaging is the largest application of rotogravure printing inks
Rotogravure printing inks are used in various applications such as packaging, publication, product, and promotion. In 2015, the packaging application accounted for the largest market share of rotogravure printing inks, in terms of value. The rotogravure printing inks market is driven by the demand for flexible packaging products from the growing population, especially in China, the U.S., and India. The publication segment is the second-largest application of rotogravure printing inks due to growing awareness about its uses in applications such as periodicals, directories, inserts, magazines, catalogs, and others.
Polyamide is the fastest-growing resin type for rotogravure printing inks
Polyamide is the fastest-growing resin type of rotogravure printing inks, globally. This is due to its effective properties such as good adhesion, high gloss, low freezing point, and good solvent release. The key driver for the growth of polyamide is its increasing use in the packaging application and the growing flexible packaging and the publication sectors in the Asia-Pacific region.
Rising demand in Asia-Pacific is the major driver of the rotogravure printing inks market
In 2015, Asia-Pacific accounted for the largest market share of rotogravure printing inks, in terms of volume and value. The high demand in Asia-Pacific is expected to be the major driver of the global rotogravure printing inks market. This is due to the increasing demand from the packaging industry as the manufacturers are interested to develop attractive packaging, rising population in the region, and the growing innovation and developments in the end-use industries.
The key players profiled in the rotogravure printing inks market report include 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 Co., Ltd. (Japan), Tokyo Printing Ink Manufacturing Co., Ltd. (Japan), Siegwerk Druckfarben AG & Co. KGaA, (Germany), Hubergroup Deutschland GmbH (Germany), and Wikoff Color Corporation (U.S.) and other regional players.
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