The global market for rotogravure printing machines is anticipated to reach US$ 1.9 billion in value in 2022 and continue to grow at a CAGR of 3.5% to reach US$ 2.7 billion by the year 2032, according to data from Future Market Insights. Sales of rotogravure printing machines are expected to increase, and by the end of 2022, the top 5 businesses will likely control between 20 and 25 percent of the global market for these machines.
Based on the substrate type, it is anticipated that the plastic segment will continue to dominate the other substrate types used for rotogravure printing. Plastic is a very adaptable material that can be utilised for a wide range of purposes, which is the reason for the same.
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The key players operating in the rotogravure printing machine market are trying to focus on increasing their sales and revenues by expanding their capabilities to meet the growing demand. The key players are trying to adopt a merger & acquisition strategy to expand their resources and are developing new products to meet customer needs. Also, the players are focusing on upgrading their facilities to cater to the demand
Key Companies Profiled
- Bobst Group SA.
- J M Heaford Ltd
- WINDMOELLER & HOELSCHER CORPORATION
- KKA Gmbh
- ROTATEK S.A
- Uteco Converting SpA
- WEBCONTROL MACHINERY CORP.
- Pelican Rotoflex Pvt. Ltd
- Jiangyin Lida Printing and Packaging Machinery Co., Ltd.
- FUJI KIKAI KOGYO Co.ltd.
- Wenzhou Guowei printing machinery Co., Ltd
- Hsing Wei Machine Industry CO., LTD.
Historic Market Outlook for Rotogravure Printing Machine
The global rotogravure printing machine market witnessed a CAGR of 3.0% during the historic period with a market value of US$ 1.8 Bn in 2021.
A rotogravure printing machine is a type of printing press that uses a rotary printing plate to transfer an image onto a substrate. The rotary printing plate is mounted on a cylinder that rotates during the printing process. The substrate is fed through the printing press, and the rotary printing plate comes into contact with it, transferring the image onto the substrate. The image is first etched onto a metal plate, which is then inked and transferred to the substrate. Rotogravure printing, such as in newspapers and magazines, is commonly used for high-volume printing. Overall, the global rotogravure printing machine market is estimated to boost at a faster pace during the forecast period considering its various benefits.
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Which are the Factors that are Increasing Demand for Rotogravure Printing Machine?
The rotogravure printing machine market is projected to grow at a CAGR of 3.5% throughout the forecast period. The crucial factors driving the growth of the market are the growing demand for flexible packaging, rising demand for printed packaging, and increasing demand for high-quality printing. The rotogravure printing machine market is growing because of the many benefits that this type of machine offers. Rotogravure printing machines can print on a variety of different materials, including paper, plastic, metal, and even glass. This makes them ideal for use in a wide range of industries, from packaging and printing to advertising and signage.
Another reason why the rotogravure printing machine market is growing is that these machines are becoming increasingly affordable. As the technology behind them advances, the cost of these machines falls, making them more affordable to a wider range of businesses. Moreover, the rotogravure printing machine market is also growing because of the increasing demand for high-quality printed products. Consumers are demanding better-looking and more durable printed products as they become more discerning.
Rotogravure Printing Machine Market by Category
By Substrate Type, Rotogravure Printing Machine Market is Segmented as:
- Paper & Paperboard
- Other Substrates (Wood, Glass, Fabric)
By Ink Type, Rotogravure Printing Machine Market is Segmented as:
- Water-based ink
- Solvent-based ink
By End Use, Rotogravure Printing Machine Market is Segmented as:
By Region, Rotogravure Printing Machine Market is Segmented as:
- North America
- Latin America
- South Asia
- East Asia
- Middle East
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