Rotogravure Printing Machine Market: Current Analysis and Forecast (2021-2027)

Rotogravure Printing Machine Market: Current Analysis and Forecast (2021-2027)

Rotogravure Printing Machine Market is anticipated display a CAGR of around 3.2% over the forecast period (2021-2027). Rotogravure printing machine refers to an advanced high speed intaglio printing system that is primarily used for achieving consistent printing on films of different densities while maintaining precision. Rotogravure printing machine is beneficial in reducing the waste to a certain extent, thereby reducing the packaging cost. Thus, this machine helps in enhancing the profitability of packaging manufacturers. Due to the fast-paced lifestyle, most consumers are gradually shifting their preference towards organized retail outlets such as supermarkets, which further contributes to the market growth. With the spur in the use of plastic/polythene material for packing of various consumer products, including bread, soap, tea, edible oils, milk, snacks, etc. the demand for rotogravure printing machine is increasing dramatically, thereby positively influencing the market growth.

Insights Presented in the Report
"Amongst Ink Type, Solvent Based segment held significant market share in 2020”

Based on Ink Type, the market bifurcates into water ink, solvent based, and radiation ink. Of these three, the global rotogravure printing machine market is dominated by solvent-based ink, while water-based printing ink is predicted to be the fastest-growing sector. Oil-based carrier fluid is one of the main components of solvent ink, along with glue and pigments. As solvent based ink comprises of non-absorbent materials, they are ideal for printing on objects that needs to be used outside. Solvent based inks are also naturally water and scratch resistant.

However, because rotogravure inks are chemical-based, water-based inks are becoming more popular owing to the health hazards and risks associated with rotogravure inks. Several environmental regulations on solvent-based ink and Raw material price volatility are the factors that might restrain the use of solvent-based ink and fuel the preference towards water ink.
"Amongst End-User, Food & Beverage Acquired Largest Market Share”

Based on the End-User, the market bifurcates into food & beverage, pharmaceutical, and consumer goods. Among these segments, food & beverages accounts for the largest share of the global rotogravure printing machine market. The rising consumption of packed food & beverages across various regions is the most prominent factor contributing to the increasing demand for the rotogravure printing machine in the packaging industry. Along with this, the high image quality, high speed, and lower labor participation are other crucial factors propelling the adoption of rotogravure printing machine in food & beverage industry. Furthermore, the rising trend of publicity of these food and beverage products is expected to promote the use of rotogravure printing machine across food & beverage industry, thereby contributing to the overall market growth.
"Asia Pacific will Dominate the Market During the Forecast Period”

For a better understanding of the market adoption of Rotogravure Printing Machine, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Mexico, and Rest of North America), Europe (Germany, France, Italy, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Rest of Asia-Pacific), and Rest of World. In 2020, Asia Pacific region held the highest market share in the global Rotogravure Printing Machine market. Some of the major players operating in the market are J M Heaford Ltd., Bobst Group SA, Windmoeller & Hoelscher Corporation, KKA Gmbh, ROTATEK S.A, Uteco Converting SpA, Shaanxi Beiren Printing Machinery Co., Ltd., Hsing Wei Machine Industry CO.LTD, QUEEN'S MACHINERY CO., LTD, Pelican Rotoflex Pvt Ltd.

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• The study includes market sizing and forecasting analysis validated by authenticated key industry experts
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• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
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• Deep dive regional level analysis of the industry