Research Nester’s recent market research analysis on “Gravure Printing Inks Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitors analysis and a detailed overview of the global gravure printing inks market in terms of market segmentation by resin type, technology, application, and by region.
Upsurge in the Demand of Processed Food to Promote Global Market Share of Gravure Printing Inks
The global gravure printing inks market is estimated to grow majorly on account of the use of convenience food by a majority of the population in emerging economies due to changing lifestyle patterns. According to the School for Public Health and Research, in the United Kingdom, 56% of adults are dependent on ultra-processed food instead of cooked meals. The high consumption of these processed foods leads to obesity and various other chronic diseases such as diabetes. Furthermore, changing these food behaviors among adults is a tough task however, making adolescents learn about good and bad eating habits can surely reduce the chances of overconsumption of processed food in the coming years. Processed food comes under a diverse variety of packaging to gather the attention and interest of consumers. In addition to this, the expansion of packaged processed food is simultaneous to the gravure printing inks market.
Request Report Sample@
https://www.researchnester.com/sample-request-6162
Some of the major growth factors and challenges that are associated with the growth of the global gravure printing inks market are:
Growth Drivers:
• Utilization of various printing techniques such as screen printing, digital printing, and flexography.
• Use of water-based printing inks instead of solvent-based to reduce VOC emission.
Challenges:
Volatile Active Compounds are widely used in a variety of products such as paints, varnish, and cosmetic products. These compounds vaporize into the air and are dangerous for the health of human beings. Therefore, governments are trying to reduce the excess use of these VOC compounds, and thereby, manufacturers need to adhere to the standards made by the government in the context of VOC compounds. This is a potential factor hampering the growth of the gravure printing inks market since the formulation of inks does not violate the regulations of VOC compounds. Overall, these are the major factors anticipated to hamper the global market size of gravure printing inks.
By resin type, the global gravure printing inks market is segmented into nitrocellulose, polyamide, polyurethane, and acrylic. The nitrocellulose segment is to garner the highest revenue by the end of 2036 by growing at a significant CAGR over the forecast period. Nitrocellulose-based inks are highly used in industries due to their versatility. These have fast-drying properties and constitute amazing adhesion to different types of substrates, for instance, labels and magazines. Further, nitrocellulose-based inks can work as fantastic adhesives on various porous and non-porous surfaces which eventually makes this a suitable choice to be opted by manufacturers. Moreover, loads of printing tasks seamlessly get accomplished due to its fast-drying property and conserves both time and labor. In addition to this, nitrocellulose-based inks do not constitute toxic chemicals and promote sustainability. Overall, the dominance of nitrocellulose-based inks in the industrial sector is stimulating growth in the gravure printing inks market by being an ideal alternative for chemical-based printing inks.
By region, the Asia Pacific gravure printing inks market is to generate the highest revenue by the end of 2036. This growth is anticipated by the expansion of the food processing sector to fulfill the inflated food consumption demands of growing urbanization.
Europe is experiencing steady fast revenue growth in the gravure printing inks market due to the increasing demand for food and beverages because of increasing urbanization and growing awareness circulating sustainable inks. The presence of influential printing companies is also a driving factor for the gravure printing inks market. For instance, St Austell Printing Company is one of the leading companies in Europe which can assure you that the printing materials produced here are environment friendly and sustainable. Further, the company engages in sustainable activities in every possible way such as the lights in the company’s building are fully sensor-based for reducing energy consumption, rainwater being used for toilets, solar panel array for electricity, and much more. Winding up, seeing the major market-driving activities, it is highly expected that Europe has the potential to blow up the gravure printing inks market in the forecast period.
This report also provides the existing competitive scenario of some of the key players of the gravure printing inks are Nutec Digital Ink, Flint Group, Siegwerk Druckfarben AG & Co. KGaA, Wikoff Color Corporation, Altana, SunChemical, Hubergroup, Marabu Printing Inks, Sicpa, Xingxin Ink
Access our detailed report at:
https://www.researchnester.com/reports/gravure-printing-inks-market/6162
Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision in order to avoid future uncertainties.
Contact for more Info:
AJ Daniel
Email: [email protected]
U.S. Phone: +1 646 586 9123
U.K. Phone: +44 203 608 5919