Rotogravure Printing Machine Market Revenue to Reach USD 2.8 billion by 2031: Transparency Market Research, Inc.
The rotogravure printing machine market is expanding due in large part to the e-commerce sector’s growing need for gravure printing and the growing desire for flexible packaging across a range of sectors.
Wilmington, Delaware, United States, Jan. 12, 2024 (GLOBE NEWSWIRE) — Transparency Market Research Inc. – The global rotogravure printing machine market was projected to attain US$ 2 billion in 2022. It is anticipated to garner a 3.5% CAGR from 2023 to 2031 and by 2031, the market is likely to attain US$ 2.8 billion by 2031.
Newspapers, periodicals, and flex printing may be printed in large quantities using a gravure printing press. To guarantee excellent prints, the rotogravure printing method uses sophisticated cylinder engraving.
The packaging industry uses high-volume printing machines to boost output while preserving print quality in line with brand specifications. Businesses are able to print their desired logos, brand pictures, and other content on packaging materials with an industrial rotogravure press that is customized.
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Key Findings of the Market Report
- In the food and beverage sectors, there is an increasing need for visually appealing and reasonably priced packaging.
- The cost of printing on substrates with rotogravure printing is cheap per unit.
- Businesses in the food and beverage industry favor it.
- With the use of precise rotogravure printing technology, businesses may efficiently communicate product specifications to their clientele through labels and tags.
- The market statistics for rotogravure printing machines are supported by the rise in demand for gravure printing in the e-commerce industry.
- High accuracy and print quality bulk printing is made possible by rotogravure printing machines.
Market Trends for Rotogravure Printing Machines
- Flexible packaging is utilized in a variety of end-use sectors, such as food and beverage, pharmaceuticals, cosmetics and personal care, industrial, and consumer products. Since rotogravure printing uses high-quality ink, it is often utilized in commercial packaging.
- The rotogravure printing machine market is growing because of the increase in demand for flexible packaging solutions in many sectors due to its efficient, long-lasting, and high-quality packaging.
- The packaging industry is seeing a rise in expenditures in technical improvements, which is changing the dynamics of the market. Leading manufacturers use high-speed rotogravure printing machines for flexible packaging in order to boost production through automated printing processes. These devices can print excellent designs on a variety of surfaces, including paper, metal, glass, and plastic.
Global Market for Rotogravure Printing Machine: Regional Outlook
Various reasons are propelling the growth of rotogravure printing machines throughout the region. These are:
- In 2022, Europe constituted the largest portion of the world’s landmass. From 2023 to 2031, the industry in the region is expected to grow at a CAGR of 2.1%.
- Over the next few years, Europe’s market share for rotogravure printing machines is expected to grow due to the continent’s high volume of magazine production and growing need for bulk printing solutions. Market expansion in the region is also being aided by the packaging industry’s rapid rise.
- The population’s growing consumption of packaged food is also fueling the need for rotogravure printing equipment in Europe’s food and beverage industry.
- Ultra-Processed Foods (UFDs) account for 12.0% of the average adult daily food intake amount in Europe, according to the National Institutes of Health, where adult consumption of UFDs is 328 g/day.
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Global Rotogravure Printing Machine Market: Key Players
With modern technology, businesses operating in the global environment are making significant investments in product innovation. To expedite the packaging of products, businesses in the packaging industry are using automated printing equipment.
To increase their worldwide presence, they are entering into commercial contracts with well-known companies in the rotogravure printing machine industry. The following companies are well-known participants in the global rotogravure printing machine market:
- Bobst Group SA.
- Windmoeller & Hoelscher Corporation
- Comexi Group S.L.
- KKA GmbH
- ROTATEK S.A.
- Uteco Converting SpA
- Shaanxi Beiren Printing Machinery Co., Ltd.
- Pelican Rotoflex Pvt Ltd.
- Fuji Kikai Kogyo Co Ltd
- Officine Meccaniche Giovanni Cerutti SpA
Key developments by the players in this market are:
- The multinational manufacturer of flexible packaging Takigawa Corporation expanded their operations in Bardstown, Kentucky, in October 2022 by adding a second HELIOSTAR gravure press from Windmoeller & Hoelscher Corporation. The 10-color HELIOSTAR gravure press allows for excellent mass printing on various materials.
- Berkshire Labels, a well-known producer of creative and superior self-adhesive labels, sticker sheets, and shrink sleeves in the United Kingdom, inked a deal with BOBST Group in October 2022 to acquire the BOBST DIGITAL MASTER 340 label press, an entirely automated and digitalized production line.
Global Rotogravure Printing Machine Market Segmentation
- Aluminum Foil
- Paper & Paperboard
- Thermal Fluid
- Automatic Rotogravure Machine
- Manual Rotogravure Machine
- Security Printing
- Food & Beverages
- Consumer Goods
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
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About Transparency Market Research
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