## Rotogravure Printing Machine Market Poised for Strong Growth, Reaching US$ 2.8 Billion by 2031: Transparency Market Research
The global rotogravure printing machine market is experiencing a surge in demand, with projections indicating it will reach a value of US$ 2.8 billion by 2031. This robust growth is fueled by a range of factors, including the increasing adoption of flexible packaging solutions across various industries.
A Look at the Market:
In 2022, the global rotogravure printing machine market was valued at US$ 2 billion. Anticipated to expand at a compound annual growth rate (CAGR) of 3.5% from 2023 to 2031, this sector is poised for significant growth. Rotogravure printing, known for its ability to produce high-quality prints in large quantities, is particularly well-suited for applications such as newspapers, periodicals, and flexible packaging.
Key Players Shaping the Market:
Several prominent companies are driving innovation and expansion in the rotogravure printing machine market. These include:
* Bobst Group SA.
* Windmoeller & Hoelscher Corporation
* Comexi Group S.L.
* DCM-ATN 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
Market Drivers:
Several factors are contributing to the growth of the rotogravure printing machine market:
*
Rising Demand for Flexible Packaging:
The increasing popularity of flexible packaging across diverse sectors like food and beverage, pharmaceuticals, cosmetics, and consumer goods is driving the demand for rotogravure printing machines. These machines offer efficient, durable, and high-quality printing solutions for flexible packaging.*
Growing E-commerce Sector:
The rise of online shopping is fueling the demand for bulk printing with high accuracy and print quality, a key advantage of rotogravure printing machines.*
Visual Appeal in Packaging:
Consumers are drawn to visually appealing packaging, especially in the food and beverage industry. The cost-effectiveness and high-quality printing capabilities of rotogravure printing make it a preferred choice for brands seeking to enhance their product presentation.*
Technological Advancements:
Leading manufacturers are investing in high-speed rotogravure printing machines, allowing for automation and increased production efficiency. These machines can print on a variety of substrates, including paper, metal, glass, and plastic.Regional Outlook:
*
Europe:
Europe is currently the largest regional market for rotogravure printing machines, with its high magazine production volume and growing need for bulk printing solutions. The region’s packaging industry is also experiencing rapid growth, further contributing to market expansion.*
Asia Pacific:
This region is expected to witness significant growth in the coming years due to the rising demand for consumer goods and the increasing focus on food and beverage packaging.Key Developments:
Recent developments by key players highlight the dynamic nature of the rotogravure printing machine market:
*
Takigawa Corporation:
In October 2022, this multinational flexible packaging manufacturer expanded its operations in Kentucky, adding a second HELIOSTAR gravure press from Windmoeller & Hoelscher Corporation, further demonstrating its commitment to efficient high-volume printing.*
Berkshire Labels:
In October 2022, this UK-based label producer entered into a deal with BOBST Group to acquire the BOBST DIGITAL MASTER 340 label press, an entirely automated and digitalized production line, showcasing the industry’s drive towards technological advancements.Looking Ahead:
The future of the rotogravure printing machine market remains bright. Continued growth is anticipated as the demand for flexible packaging solutions increases, and companies prioritize high-quality, efficient printing processes to meet evolving consumer needs.
Source:
Transparency Market Research
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=36734
