Emphasis on drying source (Gas, Electrical, Thermal fluid); ink type (Water ink, Solvent-based ink, Radiation ink); substrate (Plastic, Aluminum Foil, Paper and Paperboard); automation type (Automatic Rotogravure Printing Machine, Manual Rotogravure Printing Machine); end-user (Food & Beverage, Pharmaceutical, Consumer goods, Others); application (Publishing, Packaging labels, Security Prints, Decorative printing); Regions and Country
Rotogravure Printing Machine Market is anticipated display a CAGR of around 3.2% over the forecast period (2021-2027). Rotogravure printing machine refers to an advanced high speed intaglio printing system that is primarily used for achieving consistent printing on films of different densities while maintaining precision. Rotogravure printing machine is beneficial in reducing the waste to a certain extent, thereby reducing the packaging cost. Thus, this machine helps in enhancing the profitability of packaging manufacturers. Due to the fast-paced lifestyle, most consumers are gradually shifting their preference towards organized retail outlets such as supermarkets, which further contributes to the market growth. With the spur in the use of plastic/polythene material for packing of various consumer products, including bread, soap, tea, edible oils, milk, snacks, etc. the demand for rotogravure printing machine is increasing dramatically, thereby positively influencing the market growth.
Insights Presented in the Report
“Amongst Ink Type, Solvent Based segment held significant market share in 2020”
Based on Ink Type, the market bifurcates into water ink, solvent based, and radiation ink. Of these three, the global rotogravure printing machine market is dominated by solvent-based ink, while water-based printing ink is predicted to be the fastest-growing sector. Oil-based carrier fluid is one of the main components of solvent ink, along with glue and pigments. As solvent based ink comprises of non-absorbent materials, they are ideal for printing on objects that needs to be used outside. Solvent based inks are also naturally water and scratch resistant.
However, because rotogravure inks are chemical-based, water-based inks are becoming more popular owing to the health hazards and risks associated with rotogravure inks. Several environmental regulations on solvent-based ink and Raw material price volatility are the factors that might restrain the use of solvent-based ink and fuel the preference towards water ink.
“Amongst End-User, Food & Beverage Acquired Largest Market Share”
Based on the End-User, the market bifurcates into food & beverage, pharmaceutical, and consumer goods. Among these segments, food & beverages accounts for the largest share of the global rotogravure printing machine market. The rising consumption of packed food & beverages across various regions is the most prominent factor contributing to the increasing demand for the rotogravure printing machine in the packaging industry. Along with this, the high image quality, high speed, and lower labor participation are other crucial factors propelling the adoption of rotogravure printing machine in food & beverage industry. Furthermore, the rising trend of publicity of these food and beverage products is expected to promote the use of rotogravure printing machine across food & beverage industry, thereby contributing to the overall market growth.
“Asia Pacific will Dominate the Market During the Forecast Period”
For a better understanding of the market adoption of Rotogravure Printing Machine, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Mexico, and Rest of North America), Europe (Germany, France, Italy, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Rest of Asia-Pacific), and Rest of World. In 2020, Asia Pacific region held the highest market share in the global Rotogravure Printing Machine market. Some of the major players operating in the market are J M Heaford Ltd., Bobst Group SA, Windmoeller & Hoelscher Corporation, KKA Gmbh, ROTATEK S.A, Uteco Converting SpA, Shaanxi Beiren Printing Machinery Co., Ltd., Hsing Wei Machine Industry CO.LTD, QUEEN’S MACHINERY CO., LTD, Pelican Rotoflex Pvt Ltd.
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1. Market Introduction
2. Research Methodology Or Assumption
3. Market Synopsis
4. Executive Summary
5. Rotogravure Printing Machine Market Covid-19 Impact
6. Rotogravure Printing Machine Market Revenue (usd Bn), 2019-2027f
7. Market Insights By Drying Source
8. Market Insights By Ink Type
9. Market Insights By Substrate
10. Market Insights By Automation Type
11. Market Insights By End-user
12. Market Insights By Application
13. Market Insights By Region
14. Rotogravure Printing Machinemarket Dynamics
15. Rotogravure Printing Machine Market Opportunities
16. Rotogravure Printing Machine Market Trends
17. Value Chain Analysis
18. Demand And Supply Side Analysis
19. Competitive Scenario
20. Company Profiled
21. Disclaimer
Analyzing the historical market, estimation of the current market, and forecasting the future of the Rotogravure Printing Machine Market were the three major steps undertaken to create and analyze the demand and sales of Rotogravure Printing Machine across major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were conducted, with industry experts across the value chain of the industry. Post assumption and validation of market numbers through primary interviews, we employed a bottom-up approach to forecast the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below.
Seek More Details About Research Methodology
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detailed secondary study was conducted to obtain the historical market size of the Rotogravure Printing Machine through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the Rotogravure Printing Machine, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report are drying source, ink type, substrate, automation type, end-user, and application. Further regional level analyses were conducted to evaluate the overall demand of Rotogravure Printing Machine in global context.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size. Further, we conducted factor analysis using dependent and independent variables such as rising consumption of packaged food and beverages. Historical trends and their year-on-year impact on the market size and share was analyzed. Demand and supply side scenario was also thoroughly studied.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the Market, and market shares of the segments and company. All the required percentage split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., bottom-up approach was applied to arrive at the market forecast to 2027 for different segments and sub segments across the major regions globally. The research methodology adopted to estimate the market size encompasses:
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major countries. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the Rotogravure Printing Machine market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of drying source, ink type, substrate, automation type, end-user, application, and regions.
The main objective of the Rotogravure Printing Machine Market Study
The current & future market trends of the Rotogravure Printing Machine Market are pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends would determine the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:
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June 28, 2024
