Global rotogravure printing machine market is expected to grow at a compound annual growth rate of 2.91% over the period 2019 to 2024 to reach a market size of US$2032.573 million by 2024 from US$1711.200 million in 2018. Growing packaging industry is expected to be a key factor driving the market. Further, consumer attractiveness towards branded products is anticipated to boost the market for rotogravure printing machine. Asia pacific region is projected to hold a significant market share owing to the growing print industry in countries like India. Europe is also expected to be a prominent region. Additionally, features like high speed and efficient cost are expected to support market growth of rotogravure printing machines. However, presence of substitute printing machines is expected to hinder the market growth.
Growing packaging industry.
Increasing consumption of ready to eat items.
Presence of substitute machines.
The major players profiled in the rotogravure printing machine market include Jiangyin Lida Printing & Packaging Machinery Co.Ltd., BOBST, Uteco Converting S.p.A, KKA GmbH, J M Heaford Ltd., DCM-ATN, DP Machines, Hsing Wei Machine Industry CO. LTD., Pelican Rotoflex Pvt. Ltd., Weijin Machinery Industry Co. Ltd., Queen's Machinery Co. Ltd., Hyplas Machinery Co. Ltd., Officine Meccaniche Giovanni Cerutti SpA, Fuji Kikai Kogyo Co.Ltd. C Trivedi & Co.
The rotogravure printing machine market has been analyzed through the following segments:
Manual rotogravure printing machine
Automatic rotogravure printing machine
Food & Beverage
Middle East and Africa