(MENAFN- America News Hour)
The global Rotogravure printing machine market is estimated to be USD 2.3 million in 2021 and is further anticipated to expand at a CAGR of 3% over the period 2022-2031. Rotogravure printing machine refers to a high-speed gravure printing system for printing on product packaging. The gravure printing process is carried out by engraved rotating cylinders. Gravure printing machines are usually used to print on packaging items such as food bags, polyethylene packaging, candy wrappers, soap wrappers and other similar packaging materials. Gravure printing machines are used for mass printing, such as advertising posters such as magazines, greeting cards, and posters. According to the drying source, the gravure printing machine is divided into many types such as gas, electric current, and heat. Gravure printing machines use different types of inks for printing, such as solvent inks, water, and radiation.
In Q4 2021, U.S. current-account deficit widened stood at $224.8 billion. However, in Q1 22, CAD rose by 29.6%, reached to $291.4 billion, adding $66.6 billion to the gap. Export of good and services increased by $25.7 billion to reach $1.03 trillion in the first quarter of 2022. However, country's goods and services deficit was $79.6 billion in June, down $5.3 billion from $84.9 billion in May, revised- reflecting some sight of relief. On the other hand, annual inflation rate in the country hit 8.5%. Energy CPI surged by 32.9% in July 2022, inflating the cost of logistic and signs to disrupt supply chain whilst electricity cost upsurged by 15.2%, highest since Feb 2006. Apart from that, In July 2022, existing US home sales declined 5.9% to 4.81 million (seasonally adjusted annual rate), the lowest since May of 2020 and below market expectations of 4.89 million. As mortgage rate touches highest at 6%, sales for houses declined for a sixth consecutive month. Global energy crises to remain at focal point impacting the economic activity in the U.S, pushing consumers to spend less on the products and services and save more.
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On the other hand, the worst is expected to be seen in the European countries, especially during 2022 winters. The energy and gas crises has already started grappling the region, wherein many Western European countries including Germany is looking for coal fired solutions to tackle the gas supply shortage created by Russian-Ukraine conflict.
Amidst global concerns, market players have started looking for safe investments by holding on to the new technology and product launches. Factors like currency translation, disruption in global supply chain, Anti-China sentiments brewing across the globe, slowdown in Chinese economy, inflated products prices, USD getting stronger every week, decreasing purchasing power and strict measures taken by central banks/institutions across the world to ensure less spending and more saving, could hit the demand for the product and service badly in near future.
COVID-19 scenario analysis:
The demand for gravure printing presses is expected to decline in 2020 due to the governments lockdown and low-cost COVID-19 pandemic that has disrupted the production of various products on the printing press. Gravure printing is mainly due to prolonged clogging in major countries in the world. Since the past few months, this has severely hindered the growth of the gravure printing press market, as it may continue into 2020. COVID-19 has affected the sales of equipment and machinery in the first quarter of 2020, and may have a negative impact on the market. Full-year growth. Prior to this, major manufacturing countries such as the United States, Germany, Italy, the United Kingdom, and China demanded equipment and machinery.
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With the increase, these countries have been severely affected by the spread of the coronavirus, which has stopped the demand for equipment and machinery. In addition, the potential impact of the blockade is currently unclear, and the financial recovery of companies depends entirely on their cash reserves. Equipment and machinery companies can only withstand a total blockade for a few months, after which players will have to modify their investment plans. Equipment and machinery manufacturers should focus on protecting their labor, operations, and supply chains to deal with the immediate crisis and find new COVID-19 infection cases after the decline in the work style.
The highest influencing factors:
Market scenario analysis, trends, driving factors And impact analysis increases the consumption of packaged food and beverages in various regions. It has created the packaging industrys demand for gravure printing presses, which in turn has become the main growth engine of the gravure printing press market. High speed, high image quality printing, low operating costs and lower labor participation are some of the key advantages of gravure printing presses to promote the growth of the gravure printing press market. The increasing publicity of products is expected to promote the development of the gravure printing press market.
In addition, the increased awareness of retail companies to establish brand image among customers through banners and posters is expected to promote the development of the gravure printing press market. Due to the high speed and high image quality of gravure printing presses, the increase in magazine output is expected to generate market demand for gravure printing presses. North America is considered to have the largest market share in the gravure printing press market, followed by Europe. However, alternatives such as flexographic printing will hinder the growth of the gravure printing press market. printer.
In September 2019, one of the plants of BOBST, a global leader in gravure printing presses, launched the new NOVA RS 5003 gravure press. The NOVA RS 5003 gravure printing machine uses water-based or solvent-based inks to print various flexible packaging materials. The product uses dual-flow drying technology for high-speed printing to ensure maximum energy saving and low noise. High-demand form applications: Gravure printing machines are used for various applications, such as cardboard printing, aluminum foil, and business magazine printing. , Advertising banners and packaging materials. The gravure printing machine is also used in the field of fine arts and photography due to its large printing density range.
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In addition, the gravure printing machine has a strong ability to print films and can print a variety of substrates, such as BOPP, polyester, polyethylene, etc. Gravure printing machines are widely used in the packaging industry and food manufacturing industry to print food logos, brands, labels and other details. In addition, gravure printing presses are used to print newspaper supplements, books and calendars in multiple colors and in large quantities.
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