Gravure Printing Inks Market By Application (Packaging, Furniture), Technology (Solvent-Based, Water-Based), & Region for 2024-2031

Gravure Printing Inks Market Valuation – 2024-2031

The growth of the packaging industry, driven by increased consumption of packaged goods is propelling the adoption of gravure printing inks. Innovations in ink formulations and printing technologies enhance performance and efficiency is driving the market size surpass USD 3.83 Billion valued in 2024 to reach a valuation of around USD 5.62 Billion by 2031.

In addition to this, the shift towards high-quality, visually appealing packaging is spurring up the adoption of gravure printing inks. Increased focus on eco-friendly and recyclable packaging solutions encourages the development of sustainable gravure inks are enabling the market to grow at a CAGR of 4.9% from 2024 to 2031.

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Gravure Printing Inks Market: Definition/ Overview

Gravure printing inks are specially formulated inks used in the gravure printing process, which involves transferring ink from engraved cylinders onto a substrate. These inks are known for their excellent color density, sharpness, and high-quality finish, making them ideal for applications requiring detailed and vibrant prints. They are often solvent-based, allowing for quick drying and smooth application on various surfaces.

Gravure printing inks are widely used in industries such as packaging, publishing, and textiles. In packaging, they are crucial for producing high-quality images and designs on flexible materials like films and foils, ensuring eye-catching and durable packaging. In the publishing sector, they are used for printing magazines, catalogs, and brochures, while in textiles, they provide detailed and long-lasting prints on fabrics.

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How will Rising Demand for High-Quality Packaging Increase Adoption of Gravure Printing Inks?

The gravure printing inks market is experiencing significant growth, driven by the rising demand for high-quality packaging in various industries. As consumers increasingly prioritize visually appealing and informative packaging, gravure printing inks have become essential for producing vibrant, long-lasting designs. According to the U.S. Census Bureau, the value of shipments for printing ink manufacturing reached $7.1 billion in 2020, highlighting the industry’s substantial economic impact. This trend is expected to continue as brands seek to differentiate themselves through innovative packaging solutions.

Technological advancements in gravure printing inks have led to improved performance and sustainability, further propelling market growth. Manufacturers are developing eco-friendly formulations with lower volatile organic compound (VOC) emissions and enhanced recyclability to meet stringent environmental regulations. The European Printing Ink Association reported that water-based inks accounted for 27% of the total printing ink market in Europe in 2022, indicating a shift towards more sustainable options. These innovations are attracting environmentally conscious consumers and businesses, expanding the market’s reach across various sectors.

Will Rising Competition from Digital Printing Technologies Hampering Printing Inks Market Growth?

The rising competition from digital printing technologies represents a significant challenge for the gravure inks market. Digital printing offers benefits such as lower setup costs, faster turnaround times, and the capability to handle short runs and variable data. These advantages make digital printing a compelling alternative, potentially reducing the demand for gravure printing solutions in certain applications.

The complexity of the gravure printing process is another restraint. It involves intricate cylinder engraving and precise ink management, which can lead to higher production costs and longer setup times. This complexity can limit the flexibility and speed of the printing process, making it less attractive for applications requiring quick turnaround or frequent changes.

Gravure printing inks face limitations in substrate compatibility as well. They may not adhere effectively to all materials, particularly non-porous or irregular surfaces. This constraint can restrict the range of substrates that can be used and may necessitate additional treatments or adjustments, which can complicate the printing process.

Category-Wise Acumens

Will Rise in Adoption of Water-Based Inks Drive Gravure Printing Inks Market Growth?

Water-based inks are rapidly gaining dominance in the gravure printing inks market, driven by increasing environmental concerns and stringent regulations on volatile organic compound (VOC) emissions. These inks offer superior print quality, faster drying times, and improved safety for workers and end-users. According to the U.S. Environmental Protection Agency, water-based inks can reduce VOC emissions by up to 80% compared to solvent-based alternatives. This significant reduction in environmental impact has led to widespread adoption across various industries, particularly in food packaging and publishing sectors.

The shift towards water-based inks is also fueled by advancements in formulation technology, enhancing their performance on a wide range of substrates. These improvements have addressed previous limitations, making water-based inks suitable for high-speed printing processes and compatible with diverse packaging materials. The European Printing Ink Association reported that water-based inks accounted for 27% of the total printing ink market in Europe in 2022, with projections indicating continued growth. This trend is expected to accelerate as more companies prioritize sustainable practices and seek to reduce their carbon footprint.

Which Factors Enhance the Use of Gravure Printing Inks in Packaging Industry?

The packaging industry has emerged as the dominant force driving the gravure printing inks market, fueled by the growing demand for high-quality, visually appealing packaging across various sectors. Gravure printing’s ability to produce vivid, long-lasting designs on a wide range of substrates has made it the preferred choice for packaging manufacturers. According to the U.S. Census Bureau, the value of shipments for paperboard container manufacturing, a key segment of the packaging industry, reached $69.8 billion in 2021. This substantial figure underscores the significant role packaging plays in driving demand for gravure printing inks.

Flexible packaging, in particular, has become a major growth driver within the packaging segment of the Gravure Printing Inks Market. The versatility and cost-effectiveness of flexible packaging have led to its increased adoption in food, beverage, and consumer goods industries. Gravure printing inks offer excellent adhesion and color retention on flexible materials, making them ideal for this application. The European Flexible Packaging Association reported that the flexible packaging market in Europe grew by 2.8% in 2023, indicating a steady increase in demand for gravure printing inks in this sector.

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Country/Region-wise Acumens

Will Early Adoption of Technologies in North America Drive Gravure Printing Inks Market Growth?

North America has emerged as a dominant force in the gravure printing inks market, driven by the region’s robust packaging industry and technological advancements in printing technologies. The United States, in particular, has witnessed significant growth in this sector, with a strong focus on high-quality, innovative packaging solutions across various industries. According to the U.S. Bureau of Labor Statistics, the printing and related support activities industry employed over 400,000 workers in 2022, highlighting the sector’s substantial economic impact. This large workforce underscores the continued importance of printing, including gravure, in the North American market.

The region’s dominance is further reinforced by the increasing demand for sustainable and eco-friendly printing solutions. North American consumers and regulators are pushing for more environmentally responsible packaging, driving ink manufacturers to develop low-VOC and recyclable formulations. The U.S. Environmental Protection Agency reported a 15% reduction in VOC emissions from the printing industry between 2015 and 2020, indicating a significant shift towards greener practices. This trend has spurred innovation among key players in the gravure printing inks market, leading to the development of water-based and bio-based ink alternatives.

Will Expanding Packaging Industries Enhance Adoption of Gravure Printing Inks in Asia Pacific?

The Asia Pacific region is experiencing rapid growth in the gravure printing inks market, driven by expanding packaging industries, increased consumer spending, and robust economic development in countries like China, India, and Japan. The region’s burgeoning middle class and urbanization trends have led to a surge in demand for packaged consumer goods, fueling the need for high-quality printing inks. According to China’s National Bureau of Statistics, the country’s printing and reproduction of recorded media industry saw a 7.2% year-on-year increase in revenue in 2023, reaching 1.8 trillion yuan. This significant growth underscores the region’s potential in the gravure printing inks sector.

Technological advancements and investments in printing infrastructure are further propelling the market’s expansion in Asia Pacific. Many countries in the region are adopting state-of-the-art printing technologies to meet the rising demand for superior print quality and efficiency. Japan’s Ministry of Economy, Trade and Industry reported that exports of printing machinery and equipment, including those used in gravure printing, grew by 5.8% in 2023 compared to the previous year. This increase in equipment exports reflects the region’s commitment to modernizing its printing capabilities and indicates a growing market for specialized inks.

Competitive Landscape

The gravure printing inks market is a dynamic and competitive space, characterized by a diverse range of players vying for market share. These players are on the run for solidifying their presence through the adoption of strategic plans such as collaborations, mergers, acquisitions, and political support.

The organizations are focusing on innovating their product line to serve the vast population in diverse regions. Some of the prominent players operating in the gravure printing inks market include:

• Flint Group
• Sun Chemical Corporation
• Siegwerk Druckfarben AG & Co. KGaA
• hubergroup
• Toyo Ink SC Holdings Co., Ltd.
• DIC Corporation
• Encres Dubuit
• Wikoff Color Corporation
• Rutland Plastic Technologies
• Zeller+Gmelin GmbH & Co. KG
• Houghton International, Inc.
• ColorChem International
• Sakata INX Corporation
• Gans Ink & Supply Co., Inc.
• Royal Dutch Printing Ink Factories Van Son
• RMG (Ritzmann Media Group)
• Sakura Color Products Corporation
• Cinkarna Celje d.d.
• Epple Druckfarben AG

 Latest Developments

• In August 2024, Siegwerk Druckfarben AG & Co. KGaA announced the launch of a new line of eco-friendly gravure printing inks designed to enhance sustainability while maintaining high-quality print performance. The inks are formulated with renewable resources and reduced volatile organic compounds (VOCs).
• In August 2024, Flint Group and Sun Chemical announced a strategic collaboration to develop advanced gravure printing inks with enhanced durability and reduced environmental impact. This partnership aims to meet the growing demand for high-performance, sustainable printing solutions in the packaging industry.

Report Scope

Gravure Printing Inks Market, By Category

Application:

• Packaging
• Furniture
• Publications

Technology:

• Solvent-Based
• Water-Based

Region:

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

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