Market Overview:
The global Gravure Printing Ink market was valued at USD 3.34 billion in 2022 and expected to grow at a CAGR of 4.6% during the forecast period.

Gravure printing is a type of intaglio printing process in which ink is transferred onto a substrate from sunken cells or depressions on the surface of a printing cylinder or plate. Gravure printing inks are specially designed to meet the unique requirements of this printing process. Here is an overview of gravure printing ink:
Composition: Gravure printing inks are typically composed of pigments, resins, solvents, and additives. The pigments provide color, while the resins and solvents provide the necessary viscosity and adhesion properties. Additives are used to modify various properties such as drying time, gloss level, and resistance to abrasion and chemical attack.
Viscosity: Gravure printing ink has a high viscosity to prevent it from filling the sunken cells on the printing cylinder or plate. The ink must be thin enough to flow smoothly and evenly onto the substrate, but not so thin that it fills the cells.
Drying time: Gravure printing ink dries quickly to prevent smudging and smearing during handling and finishing processes. The drying time can be adjusted using drying agents or by selecting appropriate resins and solvents.
Color: Gravure printing ink can be formulated to produce a wide range of colors and shades. The pigments used in the ink must be finely ground to prevent clogging of the printing cylinder or plate.
Substrate compatibility: Gravure printing ink can be used on a variety of substrates including paper, plastic, and metal. The ink must be formulated to provide good adhesion to the specific substrate being printed.
Environmental considerations: As with all printing inks, gravure printing inks must meet environmental regulations regarding volatile organic compounds (VOCs) and other hazardous materials. Low-VOC inks are available to meet these regulations.
Overall, gravure printing ink is a specialized type of ink that is designed to meet the unique requirements of the gravure printing process.

Report Scope

Report Attributes	Description
Market Size in 2022	USD 3.34 Billion
Market Forecast in 2032	USD 5.95 Billion
CAGR % 2023-2031	4.6%
Base Year	2022
Historic Data	2019-2021
Forecast Period	2023-2031
Report USP	Production, Consumption, company share, company heatmap, company production capacity, growth factors and more
Segments Covered	By Type, By Resin, By Application
Regional Scope	North America, Europe, APAC, South America and Middle East and Africa
Country Scope	U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria
Key Companies	Dainichiseika Color & Chemicals Mfg Co. Ltd., DIC Corp., Flint Group, InkTec Co. Ltd., SAKATA INX Corp., Siegwerk Druckfarben AG & Co. KGaA, T&K TOKA Co. Ltd., Tokyo Printing Ink Mfg Co.Ltd., Toyo Ink SC Holdings Co. Ltd., Wikoff Color Corp., Others

Covid-19 Impact:
The COVID-19 pandemic has had a significant impact on the gravure printing ink industry, just as it has affected many other industries globally. Some of the key impacts include:

Supply chain disruptions: The pandemic disrupted supply chains, causing shortages of raw materials and transportation delays. This, in turn, affected the production and availability of gravure printing ink.
Reduced demand: The pandemic led to reduced demand for printed materials such as magazines, catalogs, and packaging. This, in turn, reduced the demand for gravure printing ink.
Shift in consumer behavior: With the shift towards online shopping and e-commerce, there has been an increase in demand for packaging materials. However, the shift in consumer behavior has also led to a shift in the types of packaging materials being used, with a preference for more sustainable options.
Increased safety measures: Printing facilities have had to implement additional safety measures to protect employees from COVID-19. This has resulted in additional costs and reduced production capacity.
Remote work: With the shift towards remote work, collaboration between ink manufacturers, printers, and clients has become more challenging. This has affected the ability of the industry to innovate and adapt to the changing market needs.
In conclusion, the COVID-19 pandemic has had a significant impact on the gravure printing ink industry, causing disruptions in the supply chain, reduced demand, and changes in consumer behavior. The industry has had to adapt to these changes and implement additional safety measures to protect employees.

Market Dynamics:
Drivers:
Growth in the packaging industry: Gravure printing is widely used in the packaging industry, particularly for flexible packaging materials such as laminates, pouches, and labels. The growing demand for packaged goods, particularly in emerging economies, is driving the growth of the gravure printing ink market.
Technological advancements: The gravure printing process has undergone significant advancements in recent years, including improvements in cylinder engraving technology and the development of digital gravure printing. These advancements have improved the quality of printed materials and expanded the range of substrates that can be printed.
Rising demand for high-quality printing: Gravure printing is known for producing high-quality prints with vibrant colors and sharp images. The increasing demand for high-quality printed materials, particularly in the advertising and publishing industries, is driving the growth of the gravure printing ink market.
Environmental regulations: Governments around the world are imposing strict regulations on the use of inks and coatings that contain volatile organic compounds (VOCs). Gravure printing inks that meet these regulations, such as those that are low in VOCs, are in high demand.
Growing demand for sustainable packaging: With increasing awareness of environmental issues, there is a growing demand for sustainable packaging materials that are recyclable or biodegradable. Gravure printing inks that can be used on sustainable packaging materials are becoming increasingly popular.
In summary, the growth of the gravure printing ink market is driven by the growing demand for packaged goods, technological advancements in the printing process, the rising demand for high-quality printing, environmental regulations, and the increasing demand for sustainable packaging materials.
Restraints:
Increasing competition from digital printing: Digital printing technologies, such as inkjet and electrophotography, are becoming increasingly popular, particularly for short-run printing jobs. This is limiting the growth of the gravure printing ink market, particularly in the advertising and publishing industries.
Cost and time-consuming cylinder engraving process: The cylinder engraving process used in gravure printing is time-consuming and costly. This can be a barrier to entry for smaller printing companies and limit the growth of the gravure printing ink market.
Fluctuations in raw material prices: The cost of raw materials used in gravure printing ink, such as pigments and solvents, can fluctuate significantly. This can impact the profitability of ink manufacturers and limit the growth of the market.
Environmental concerns: The gravure printing process uses large quantities of solvents, which can have a negative impact on the environment. This has led to increasing pressure to develop more environmentally friendly printing inks, which can be costly and time-consuming.
Volatility in end-use markets: The gravure printing ink market is highly dependent on end-use markets, such as packaging and publishing. These markets can be volatile, with fluctuations in demand impacting the growth of the market.
In summary, the growth of the gravure printing ink market can be restrained by increasing competition from digital printing, the cost and time-consuming cylinder engraving process, fluctuations in raw material prices, environmental concerns, and volatility in end-use markets.

Regional Analysis:
North America: The gravure printing ink market in North America is primarily driven by the growing demand for packaged goods, particularly in the United States. Technological advancements in the printing process and increasing regulations on environmental sustainability are also driving the growth of the market in the region.
Europe: The gravure printing ink market in Europe is primarily driven by the growing demand for flexible packaging materials, particularly in the food and beverage industry. The region is also seeing increasing demand for sustainable packaging materials and low-VOC inks.
Asia-Pacific: The gravure printing ink market in the Asia-Pacific region is expected to grow rapidly due to the increasing demand for packaged goods and rising disposable incomes in countries such as China and India. The region is also seeing increasing investment in printing technologies and environmental sustainability.
Latin America: The gravure printing ink market in Latin America is primarily driven by the growth of the food and beverage industry and the increasing demand for sustainable packaging materials. The region is also seeing increasing demand for high-quality printing in the publishing industry.
Middle East and Africa: The gravure printing ink market in the Middle East and Africa is expected to grow due to increasing investment in the packaging industry and rising demand for high-quality printing in the advertising industry.
In summary, the growth of the gravure printing ink market varies by region, with North America and Europe being driven by the demand for packaged goods and sustainable packaging materials, Asia-Pacific being driven by rising disposable incomes and increasing investment in printing technologies, and Latin America and the Middle East and Africa being driven by the growth of the food and beverage industry and increasing demand for high-quality printing.

Competitive Landscape:
The global Gravure Printing Ink market is highly competitive and fragmented with the presence of several players. These companies are constantly focusing on new product development, partnerships, collaborations, and mergers and acquisitions to maintain their market position and expand their geographical presence.

Some of the key players operating in the market are:
• Dainichiseika Color & Chemicals Mfg Co. Ltd.
• DIC Corp.
• Flint Group
• InkTec Co. Ltd.
• SAKATA INX Corp.
• Siegwerk Druckfarben AG & Co. KGaA
• T&K TOKA Co. Ltd.
• Tokyo Printing Ink Mfg Co.Ltd.
• Toyo Ink SC Holdings Co. Ltd.
• Wikoff Color Corp.
• Others

Segments
By Type
• Solvent-based Gravure Printing Inks
• Water-based Gravure Printing Inks

By Resin
• Nitrocellulose
• Polyamide
• Acrylic
• Polyurethane

By Application
• Packaging
• Publication
• Furniture
• Others

By Geography
• North America
o U.S.
o Canada
o Mexico
• Europe
o U.K.
o Germany
o France
o Italy
o Spain
o Russia
• Asia-Pacific
o Japan
o China
o India
o Australia
o South Korea
o ASEAN
• Latin America
o Brazil
o Argentina
o Colombia
• MEA
o South Africa
o Saudi Arabia
o UAE
o Egypt

Why to buy this Report?
The report provides quantitative and qualitative aspect for the market in terms of value and volume, along with supporting market trends, challenges, restraints.
The report provides an in depth analysis from both production and consumption point of view at the regional and country level. Key Factors considered within the report scope are Production capacity by countries/regions, average price, consumption ratio, revenue earned and gross margin.

The report provides competitive analysis of around 30-50 companies operated in the market, these companies are bifurcated into niche players, the leaders and major contenders.

The companies are analyzed in terms of following factors such as:
 Business Model
 Production Capacity, Revenue, Sales, Gross Margin
 Key Business Strategy
 SWOT Analysis

In terms of competitive landscape, the report provides distinctive factors that would help the end user in taking a key decision within the business:
 Company Share Analysis from 2018-2022
 Company Analysis by Revenue and Sales
 Company Production Capacity, Gross Margin
 Company Share Analysis by Application/End Use
 Company Share Analysis by Product/Specification