Resin Type (Nitrocellulose, Polyamide, Polyurethane, Acrylic)
Nitrocellulose segment is expected to account for gravure printing inks market share of around 60% by 2037. The segment growth can be attributed to the versatility, outstanding adhesion, and quick drying properties.
Inks based on nitrocellulose are highly favored in the industrial sector due to their various properties. Further, these are highly used for packaging labels, and magazines to various other products due to the adhesive attributes.
Nitrocellulose-based inks can be easily glued to metals and paper since they can seamlessly incorporate with both porous and non-porous surfaces. In addition to this, the global nitrocellulose sector is expected to attain an industry value of USD 1 billion by 2026.
Application (Packaging, Publication, Furniture)
Packaging segment in the gravure printing inks market is expected to showcase around 6% growth rate between 2024 and 2037. The segment growth can be credited to the call for convenience food, visual appeal, and high packaging consumption. In India, packaging consumption increased by 200% in FY2020 as per the data from the Indian Institute of Packaging (IIP).
Technology (Water-Based, Solvent-Based)
In gravure printing inks market, water-based segment is set to witness over 4% growth rate through 2037 owing to its capability of reducing volatile active compounds (VOC) emissions by 70% from a wide range of products. Over and above that, with the use of water-based printing inks human well-being is enhanced and these are environment friendly too. Water-based printing inks have less production cost because their petroleum and chemical content are very low.
Our in-depth analysis of the market includes the following segments:
Resin Type |
|
Technology |
|
Application |
|
Author Credits: Rajrani Baghel
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?