Rotogravure Printing Inks Market-Overview
The development of the printing sector in terms of technology is estimated to spur the rotogravure printing inks market. Reports created by MRFR detail the developments in the industry that can be expected in the market through the forecast period. The market is estimated to be fueled by a growing CAGR in the forecast period.
The need for eco-friendly practices is estimated to create momentum for the expansion of the rotogravure printing inks market share. The increased requirement from the packaging sector is estimated to fuel the development of the rotogravure printing inks market companies.
The prominent contenders in the rotogravure printing inks market are DIC CORPORATION (Japan), Toyo Ink SC Holdings Co., Ltd. (Japan), Flint Group (Luxembourg), Dainichiseika Color & Chemicals Mfg.Co., Ltd. (Japan), T & K TOKA Corporation (Japan), SAKATA INX CORPORATION (Japan), MHM Holding GmbH (Germany), Tokyo Printing Ink MFG. Co., Ltd. (Japan), Siegwerk Druckfarben AG & Co KGaA (Germany), and Wikoff Color Corporation (U.S.), among others.
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Segmental Analysis
The segmental study of the rotogravure printing inks market is conducted on the basis of technology, resin type, region, and application. The technology segment of the rotogravure printing inks market consists of water-based and solvent-based. The resin type segment of the rotogravure printing inks market consists of polyamide, nitrocellulose, acrylic, and polyurethane. The application segment of the rotogravure printing inks market consists of publication, product & promotion, packaging, and others. The regions included in the rotogravure printing inks market consist of Latin America, Europe, Asia Pacific, and North America.
Detailed Regional Analysis
The regional investigation of the rotogravure printing inks market consists of Latin America, Europe, Asia Pacific, and North America. The Asia Pacific rotogravure printing inks market controls the major portion of the global market owing to the increasing requirement for rotogravure printing inks in publication, product & promotion, packaging, and others. The packaging segment is projected to add momentum to the market’s growth due to the growing use of inks to add a glossy finish on catalogs, images, which are in incredibly high usage in countries such as Japan, China, and India. Consequently, adding to the development of the APAC region’s position in the forecast period.
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The North American region is increasing considerably in the rotogravure printing inks market due to the collective need for nitrocellulose and polyamide resins in the packaging sector. In the European region’s market, the packaging application has witnessed outstanding progress. This is credited to the increase in automotive and food & beverage businesses. Additionally, an upsurge in publicity activities to reach out to customer necessities is also estimated to supplement the rotogravure printing inks market. The Latin American region’s rotogravure printing inks market is appraised to witness significant development in the market due to the rising use of rotogravure inks in publication, packaging, and product & promotion segments owing to its non-carcinogenic content and outstanding quality presented by them.
Competitive Analysis
The market is appraised to be stimulated by an increased development upsurge that is bracing the contenders who are active in the market. The competition in the market is estimated to flare-up following the disruption created by the COVID- pandemic. The emphasis on ensuring sustainability in long-term operations is estimated to be a key cause for development in the upcoming period. The trends in the market are estimated to bolster the progress in the worldwide market.
Industry Updates:
Mar 2021 Flint Group Image Transfer Technologies has presented Enviroflex, a set of biodegradable products for cleaning anilox rollers and rotogravure cylinders, flexo presses, and flexo plates, and flexographic printing services. According to Flint, the Enviroflex biodegradable product range has been advanced to produce a safe work setting whilst presenting daily maintenance or weekly/monthly deep washing and also guarantees delivery of the highest possible print quality and optimum Overall Equipment Effectiveness (OEE).
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