Gravure Printing Inks Market to Reach US$ 5.7B by 2031
Flint Group Printing Inks - Printing press inks, cyan, magenta, yellow
GRAVURE NEWS –
The global gravure printing ink market is anticipated to record a steady 4.3% CAGR from 2023 to 2031 and to then reach a valuation of $5.7bn US dollars by the year 2031 according to the latest gravure market insights.
Whilst the rise of short print runs in flexible packaging has seen the gravure print market lose share to the rival Flexo process over the last decade, gravure has always been the go to process for superior print quality and long print runs so news that Transparency Market Research have signalled the gravure printing ink market is set to grow, amid the industry introducing many ink saving technologies and innovations, will be welcome news to those in the gravure sector.
Environmental and Sustainable Focus
Whilst gravure has always involved the use of volatile organic compounds (VOCs) that have come under an increasing level of scrutiny, non more so than chromium, the industry has done much work to achieve market share gains through continuous improvement.
The growing demand for eco-friendly and sustainable ink formulations, driven by environmental concerns and regulations is certainly influencing market growth which as a result has seen a shift towards high-performance inks capable of delivering superior print quality and faster drying times. Furthermore, technological advancements, such as UV-curable and water-based formulations, are driving further innovation in gravure printing inks and improving the wider global gravure printing ink market.