The Current Demand in the Packaging, Publication, Product, and Promotion Sector is driving the Rotogravure Printing Inks Market
The global market size for rotogravure printing inks is expected to be USD 3.41 Billion in 2016 and is projected to reach USD 4.30 Billion by 2021, registering a CAGR of 4.99% between 2016 and 2021.
The current demand in the packaging, publication, product, and promotion sector is driving the rotogravure printing inks market. The developments in the end-use industries have encouraged companies in the market to adopt various growth strategies. New product launch and merger & acquisition were the key strategies adopted by the leading players to achieve growth in the global rotogravure printing inks market between 2012 and 2016.
Companies also adopted strategy such as investment & expansion to increase their market share and expand their distribution network. This strategy accounted for a significant share of the total number of growth strategies in the global rotogravure printing inks market between 2012 and 2016. Some leading rotogravure printing ink manufacturers adopting these organic and inorganic growth strategies include Flint Group (Luxembourg), Sun Chemical Corporation (U.S.), and Toyo Ink SC Holdings Co., LTD. (Japan).
In July 2015, Flint Group launched two new inks systems OmniLam F and OmniLam G for the medium-to-medium-high flexo and gravure flexible packaging segments. These are non-nitrocellulose ink systems that deliver high bond strengths on a wide range of film structures. These inks will enable the printing of high definition graphics that can withstand harsh environments. This way, the company strengthened its product portfolio for varied end-use industries.
In December 2015, Sun Chemical, a member of the DIC group, acquired Colmar Inks Corporation (Canada). With this acquisition, the company has strengthened its market position as the leading supplier of lithographic, flexographic, and gravure inks and coatings in the North American region.
Similarly, in December 2015, Toyo Ink acquired DYO Printing Inks (Turkey), a largest domestic ink manufacturer of gravure inks, flexo inks, offset inks, and can coatings in Turkey. This acquisition expanded Toyo’s sales and profits in China and in the South East Asian countries. The sales and profits of the company will also be increased by setting up new manufacturing plants in the developing countries such as India and Brazil.
Related Reports:
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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