The global rotogravure printing machine market is poised for substantial growth in the coming years, as indicated by Future Market Insights research findings. With a projected valuation of US$ 1.9 billion in 2022, this market is expected to exhibit a steady compound annual growth rate (CAGR) of 3.5%, reaching a substantial US$ 2.7 billion by 2032.
Key factors driving this growth include technological advancements, increasing demand for high-quality printing, and the expanding packaging industry. Rotogravure printing machines are widely used for their precision and efficiency in producing various printed materials, making them a crucial component of the printing and packaging sector.
Moreover, the plastic substrate segment is anticipated to maintain its dominance among various substrate types used in rotogravure printing. The versatility and wide-ranging applications of plastic materials contribute to their sustained demand in the industry. It is estimated that the plastic substrate segment will grow 1.6 times from 2022 to 2032, further propelling the overall rotogravure printing machine market’s expansion.
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The Advent of Sustainable and Intelligent Packaging Solution Skyrocketing the Demand for Rotogravure Printing Machine
With rising environmental concerns and implementation of stringent regulations regarding the use of plastic across the U.S., China, India, the U.K., Germany, and others, a substantial rise in the adoption of sustainable packaging solutions is experienced across various end use industries.
In accordance to this, numerous packaging companies are shifting their focusing of manufacturing sustainable packaging using 100% recycled plastics, biodegradable plastics, and plastic alternatives such as paper. Hence, introduction of novel sustainable packaging solutions is expected to create lucrative demand opportunities in the market.
Also, emergence of intelligent packaging with the integration of artificial intelligence (AI), internet of things (IoT), and data science have improved the demand for Rotogravure Printing Machine market. Hence, key players are incorporating novel technologies such as AI and IoT to increase their revenues, propelling the sales.
Key Rotogravure Printing Machine Market Takeaways and Projections
- The U.S. is expected to lead the North America Rotogravure Printing Machine market, projecting the fastest growth in the region between 2022 and 2032
- Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
- China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
- India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2032.
Report Benefits & Key Questions Answered
- Rotogravure Printing Machine Historical Market Analysis: The detailed survey by FMI, examines key factors in the Rotogravure Printing Machine market that affected the growth in the market for the last assessment period 2016-2020 and also studies their consequent impact. It also provide refined the sales projection of the Rotogravure Printing Machine market for the forecast period 2022-2032.
- Rotogravure Printing Machine Demand Outlook Analysis: Future Market Insight’s (FMI’s) exhaustive study provides crucial insights into key drivers and upcoming opportunities driving the demand for Rotogravure Printing Machine for the assessment period. As per the study, the demand for Rotogravure Printing Machine will grow at a robust CAGR between 2022 and 2032.
- Rotogravure Printing Machine Market Trend Analysis: The latest study by FMI on the Rotogravure Printing Machine market offers compelling insights into key expansion strategies adopted by top-tier players with respect to current trends. It discloses details regarding upcoming trends in the packaging industry to assist market players in constructing an effective strategy to capitalize on them.
Competitive Landscape Analysis
The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of Rotogravure Printing Machine market. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.
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Rotogravure Printing Machine Market by Category
By Substrate Type:
- Plastic
- Paper & Paperboard
- Metal
- Other Substrates (Wood, Glass, Fabric)
By Ink Type:
- Water-based ink
- Solvent-based ink
By End Use:
- Packaging
- Commercial
- Publication
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East & Africa
- Oceania
Author:
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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