Rotogravure Printing Machine Market Ongoing Trends, Driving Factors, Opportunities and Forecast to 2027
VALLEY COTTAGE, N.Y. – Product information in terms of specifications, usage, cautionary notes, track and trace information, etc. is of prime significance to manufacturers, suppliers, distributors, retailers and end consumers. Printing equipment and machineries have brought essential value to the overall packaging market by enabling packaging manufacturers to supply packaging systems with print capabilities. Rotogravure printing machine is extensively used in the packaging industry for printing on packaging items like polythene packets, food pouches, confectionary wrappers, soap wrappers and many flexible packaging materials. Rotogravure printing machine is a high-speed printing machine which is used for printing consistently on films of different densities while maintaining consistency and accuracy. Rotogravure printing machine is highly efficient, and reduces the waste by unprecedented amount in order to minimize the cost of packaging. Rotogravure printing machine improve the overall margin for packaging manufacturers by providing efficiency in operations.
Rotogravure Printing Machine Market: Market Dynamics
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The growing consumption of food and beverage products particularly for consumer packed goods, has led to rise in demand for rotogravure printing machines, which in turn is boosting the rotogravure printing machine market. The growth in packaging equipment market affects the rotogravure printing machine market. The consumable packaging market is estimated to be US$ 700.0 billion, and is expected to grow at a CAGR of 3% over the forecast period. Crucial factor supporting the rotogravure printing machine market is the efficiency in speed and cost of the rotogravure printing machine that provide high image quality on the packaging material.
The rotogravure printing machine is easy to operate and has a low labor cost which is an important factor for the growth of the rotogravure printing machine market. However, the initial investment required for the installation of rotogravure printing machine may limit the scope of the rotogravure printing machine market. The presence of substitutes for rotogravure printing machine such as flexographic printing machinery is a key restraint for the growth of rotogravure printing machine market.
Moreover, advancement in printing technology may make the rotogravure printing machine obsolete which may hamper the growth of the rotogravure printing machine market over the forecast period. However, the use of flexible packaging for food and consumer goods is extensive, so rotogravure printing machine market holds a good potential over the forecast period.
Rotogravure Printing Machine Market: Market Segmentation
Rotogravure printing machine market is segmented by the type of material used for printing, by application and end-use industry.
Based on the types of material used for printing, rotogravure printing machine market is segmented into:
- Polyester films
- OPP films
- Nylon film
- PE film
- Carton board
- Aluminum foil
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Based on the application, rotogravure printing machine market is segmented into:
- Packaging labels
- Security Prints
- Decorative printing
Based on the end-use industry, rotogravure printing machine market is segmented into:
- Food and beverage industry
- Pharmaceutical industry
- Consumer goods industry
- Other industries
Rotogravure Printing Machine Market – Regional Outlook:
- North America
- Latin America
- Eastern Europe
- Western Europe
- Asia-Pacific excluding Japan (APEJ)
- Middle East & Africa (MEA)
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In the backdrop of the rapid growth of manufacturing industries in APEJ region rotogravure printing machine market is expected to move vertically upward over the forecast period. North America is expected to follow the APEJ region in rotogravure printing machine market. The Eastern and Western Europe is expected to witness a steady growth for the rotogravure printing machine market, attributed to increasing consumer preference for printed packs of products. The increased consumer preference for procurement of products in smaller quantity may support the growth of rotogravure printing machine market in Japan over the forecasted period. Comparatively rotogravure printing machine market is growing at a lower rate in MEA region.
Rotogravure Printing Machine Market – Key Players:
Some key players for the rotogravure printing machine market are BOBST, Shaanxi Beiren Printing Machinery Co., Ltd, Wei Machine Industry Co., Ltd, J M Heaford Ltd, Toshiba Machine Co., Ltd, Windmoeller & Hoelscher Corporation, Queen’s Machinery Co., Ltd, Comexi Group, DCM-ATN, Rotatek, KKA GmbH, and Gruppo Cerutti.
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