PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1490246
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1490246
Rotogravure Printing Machine Market size was valued at USD 2,745.6 Million in 2023, expanding at a CAGR of 3.8% from 2024 to 2032.
A rotogravure printing machine is a specialized type of printing press that consists of a rotary printing plate to transfer images onto various substrates. The process involves mounting a rotary printing plate, etched with the desired image, onto a cylinder. As the cylinder rotates, the plate is inked and then comes into contact with the substrate, transferring the image. This method is particularly suited for high-volume printing applications, such as newspapers and magazines, due to its efficiency and ability to produce high-quality prints.
Rotogravure Printing Machine Market- Market Dynamics
The increasing demand for flexible and printed packaging to propel market demand
The global rotogravure printing machine market is expected to grow rapidly during the forecast period, driven by the increasing demand for flexible and printed packaging, which is crucial for various industries, including food and beverages, pharmaceuticals, and consumer goods. Additionally, the rising demand for high-quality printing solutions enhances market growth, as rotogravure printing machines are known for producing detailed and vibrant images on diverse materials. Rotogravure printing machines offer several benefits that contribute to their market growth. These machines are versatile, and capable of printing on a wide range of materials such as paper, plastic, metal, and glass, making them suitable for various industrial applications. Furthermore, advancements in technology have made rotogravure printing machines more affordable, thus broadening their accessibility to a wider range of businesses. This affordability, coupled with the machines' capability to produce high-quality and durable prints, appeals to increasingly discerning consumers who demand superior printed products.
Rotogravure Printing Machine Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 3.8% over the forecast period (2024-2032)
Based on Substrate Type segmentation, plastic was predicted to show maximum market share in the year 2023
Based on End Use segmentation, packaging was the leading type in 2023
Based on region, North America was the leading revenue generator in 2023
The Global Rotogravure Printing Machine Market is segmented based on Substrate Type, Ink Type, End Use, and Region.
The market is divided into four categories based on Substrate Type: Plastic, Paper & Paperboard, Metal and Other Substrates. The plastic substrate segment dominates the global rotogravure printing machine market due to its numerous advantages. Plastic is widely used in rotogravure printing machines because it is a lightweight, durable, and moisture-resistant material, making it ideal for protective packaging. The Plastics Industry Association reports that plastics support the production of various low-cost consumer goods and advanced industrial products. Plastics are a sustainable and cost-effective investment for businesses, offering durability and versatility superior to alternative materials. Consequently, the efficiency and affordability of plastic substrates drive their leading position in the global rotogravure printing machine market.
The market is divided into three categories based on End Use: Packaging, Commercial and Publication. The packaging sector is the dominating segment by end use for the global rotogravure printing machine market. Rotogravure printing machines are favored in the packaging industry for their high print quality and versatility in printing on different materials, including paper, plastic, and metal. These machines are particularly suitable for large-format packaging like corrugated boxes and cartons and can print on both sides of the substrate, enhancing their appeal in the packaging industry.
Rotogravure Printing Machine Market- Geographical Insights
This market covers North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa, with individual countries within each region playing a role in its business landscape. The USA stands out as the most attractive market for rotogravure printing machines, driven by high demand across various sectors, including printing, packaging, and food industries. The machines are essential for producing a wide range of products such as newspapers, magazines, books, and labels. The robust demand in the packaging industry, in particular, positions the USA as a key market for rotogravure printing machines, with expectations of continued growth.
Key players in the rotogravure printing machine market are focusing on expanding their capabilities to meet growing demand and increase sales and revenues. Strategies include mergers and acquisitions to broaden resources and the development of new products. Additionally, companies are upgrading their facilities to better serve the market.
In November 2022, J M Heaford Ltd introduced the new NW Demounter & Tape Application Station, demonstrating ongoing innovation and commitment to market expansion.
GLOBAL ROTOGRAVURE PRINTING MACHINE MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHT
Bobst Group SA
J M Heaford Ltd
WINDMOELLER & HOELSCHER CORPORATION KKA Gmbh
Utebo Converting SpA
WEB CONTROL MACHINERY CORP.
Pelican Rotoflex Pvt. Ltd
Jiangyin Lida Printing and Packaging Machinery Co., Ltd.
FUJI KIKAI KOGYO Co.Itd.
Wenzhou Guowei Printing Machinery Co., Ltd *
Hsing Wei Machine Industry CO., LTD.
Others