Gravure Printing Inks Market Trends

Growth Drivers

• Soaring urge for packaged goods - The packaging sector is particularly fueled by factors such as appearance, color, and gloss. The Versatile packaging and use of attractive inks are the major contributors in the soaring demand for packaged goods. The progress in the e-commerce sector eventually expanded the packaging sector. According to a report, e-commerce sector is poised to surpass USD 6 trillion in the year 2024.
• Expansion of various printing techniques- With technological advancements, the research and development sector has progressed in providing a wide range of printing techniques such as digital printing, screen printing, 3D printing, flexography, Rotogravure, LED, and various other ultra-modern techniques. Additionally, as per a study, additive manufacturing devices and 3D printing count is estimated to reach around USD 3 million by 2030.

Challenges

• Rigorous environment regulations - Adherence to the regulatory measures circulating volatile organic compounds (VOC) is one of the biggest hindrances for the manufacturers of printing inks. Therefore, formulation of inks that do meet the necessary standards is a persistent hurdle for the gravure printing inks market.

• High cost of raw materials - The escalated price of raw materials including both pigments and resins is highly affecting the market. The manufacturers are trying hard not to compromise quality and at the same time do not wish to suffer huge losses.