The gravure printing industry is set to reach US$ 4 billion in 2023. Over the forecast period 2023 to 2033, gravure printing sales are expected to soar at a CAGR of 6.5%. The market at the end of 2033 is forecast to reach US$ 7.4 billion.
Sales of gravure printing grew at 7.2% CAGR from 2018 to 2022. Between 2023 and 2033, gravure printing demand is set to rise at 6.5% CAGR. By the end of 2033, the market is anticipated to exceed a valuation of US$ 7.4 billion.
The gravure market is a branch of the printing industry that specializes in the production and supply of gravure printing services and equipment.
Gravure printing, also known as intaglio printing, is a versatile, high-quality printing process used in several sectors such as packaging, publishing, decorative printing, and product labeling.
In gravure printing, the image or design to be printed is etched or engraved onto a cylinder, usually made of copper or chrome-plated steel. Ink is held in the recessed area of the cylinder and transferred to the substrate under pressure.
Users prefer gravure printing since this process results in accurate and consistent prints, allowing for high-resolution images, fine detail, and vibrant colors.
Gravure equipment manufacturers work on specialized components required for the gravure printing process. These include gravure presses, cylinder engraving systems, ink supply systems, drying systems, and other ancillary equipment.
The manufacturers involved are constantly invested in developing novel and advanced technologies. These advancements have yet helped improve print quality, increase production efficiency, and enable automation of the printing process.
Suppliers in the gravure market offer gravure inks, coatings, and consumables. These suppliers develop and supply high-quality inks specifically designed for gravure applications. The supplier also offers consumables such as squeegees, cylinders, solvents, and cleaning agents used in the gravure printing process.
The gravure printing market is closely tied to the substrate materials used in the printing process. These materials include paper, cardboard, plastic films, metal foils, and several flexible packaging materials.
The gravure market serves numerous end-use sectors such as packaging, publishing, decorative printing, and product labeling. In the packaging sector, users employ gravure printing on flexible packaging, boxes, labels, and heat shrink sleeves.
In the publishing sector, businesses use gravure printing for high-quality magazines, catalogs, and books. Gravure printing is also used to produce decorative materials such as wallpaper, wrapping paper, and laminate.
The gravure printing industry is primarily driven by the demand for high-quality printing. The emerging need for visually appealing packaging, alongside advances in gravure printing technology, is further expected to push the market forward.
It is a highly competitive market, with manufacturers and service providers constantly innovating to meet the changing needs of their customers. This also helps ensure superior print quality and efficiency.
The gravure printing industry plays a key role in meeting the printing needs of diverse sectors and providing beautiful and durable prints. The gravure printing industry is expected to surge and adapt to the changing demands of the printing industry as technological advancements continue to improve printing quality and efficiency.
Key Takeaways from Gravure Printing Market Study
- Japan gravure printing industry is expected to be worth US$ 1.4 billion by 2033.
- The United States gravure printing industry value is set to reach US$ 1.5 billion by 2033.
- China gravure printing industry sales are likely to soar at 4% CAGR by 2033.
- In terms of type, the solvent-based type is expected to soar at a CAGR of 4% during the forecast period.
- In terms of application, the packaging sector is projected to showcase a CAGR of 2% from 2023 to 2033.
Leading Key Players:
- ALTANA
- Dainichiseika Color & Chemicals
- Flint Group
- Fujifilm Sericol
- Huber Group
Competitive Landscape: Gravure Printing Market
Companies invest heavily in developing new products and technologies that increase efficiency, are environmentally friendly, and minimize production costs. Leading companies and manufacturers are focusing on developing and launching products to expand their reach.
for example
- In March 2022, Sun Chemical launched a series of new products such as RotoPure, tin-free used in food packaging.
Get More Exclusive Insights into Gravure Printing Market Study
Future Market Insights (FMI), in its new offering, presents an unbiased analysis of the gravure printing industry, presenting historical market data (2018 to 2022) and forecast statistics for the period of 2023 to 2033.
The study reveals extensive growth in the gravure printing industry in terms of application (packaging, publication, furniture) type (solvent-based, water-based), and region.
Gravure Printing Market Segmentation:
By Type:
- Solvent-based
- Water-based
- Others
By Application:
- Packaging
- Publication
- Furniture
- Others
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