Low Migration Inks Market Lucrative in End-Use Industries & Growth During Period 2020-2027
Low Migration Inks are useful in the labeling of packaging materials to prevent the undesirable migration of inks to substrate affects the appearance, flavor, odor, safety, or the taste of the product contained within the packaging. A new report on the global low migration inks market, published by Market Research Future (MRFR), predicts that this market can sight success during the forecast period (2020-2027).
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The most exigent market driver for the global low migration inks market growth is the use of low migration inks in various industries. Due to the growing awareness regarding harmful consequences by the migration of inks in food, cosmetics & personal care products, and pharmaceutical, the demand for low migration inks is increasing. Other factors supporting the market growth include a shift in consumer preferences toward flexible as well as lightweight packaging alternatives and strict regulations from the government regarding safety. However, the limited availability of raw material can result in the high cost of low migration inks and thus, can hinder the market growth.
Market Segmentation
The global low migration inks market segmentation encompasses end-user industry, printing process, and substrate type. MRFR’s research is founded on various volume-wise and value-wise understanding where figures played a crucial role.
Based on the end-user industry, this market has been segmented into cosmetics & personal care, food & beverage, pharmaceutical, and others. Regarding the printing process, the market has been segmented into digital, flexography, gravure, lithographic offset, screen printing, and others. By substrate type, the market includes corrugated boxes, flexible films, flexible paper, folding cartons, metals, and others.
Regional Segmentation
A geographical outlining of the global low migration inks market covers Europe, Asia Pacific, and North America as major contributors. Latin America (LATAM), and the MEA (Middle East & Africa) can register moderate changes.
During the forecast period, Europe can be the largest as well as the fastest-growing regional market due to the stringent regulations related to food and packaging by various regulatory bodies like European Carton Makers Association (ECMA), European Food Standard Agency (EFSA), European Printing Ink Association Member of CEPE (EuPIA). Other factors pushing the market growth in this region include the presence of well-developed packaged food industries and demand for labeling and attractive packaging. Countries that generate maximum market revenue in this region are France, Germany, Italy, Spain, and the UK.
During the forecast period, North America can be the second largest market due to Stringent regulation by the FDA. After Europe, most of the important market players are based in the USA. Mexico is another crucial market in this region.
In the Asia Pacific region, the market can rise up to be more profitable due to the abundance of raw materials necessary for production, availability of cost-competitive workforce, the spurting industrialization in this region, and lastly, investment from foreign investors as well as manufacturers. Due to economic growth, the most important markets in this region are China, India, Japan, and South Korea.
In the MEA region, the market can grow during the forecast period due to the increasing demand for the low migration inks and stringent regulations. Many other regulations that can support market growth are related to food & beverages and cosmetics & personal care. During the forecast period, the Latin America market is expected to witness sluggish growth.
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Key Players
Big players in the global low migration inks market are Agfa-Gevaert Group (Belgium), Altana AG (Germany), Durst (Italy), Epple Druckfarben AG (Germany), FlintGroup (Luxembourg), HAPA AG (Germany), hubergroup Deutschland GmbH (Germany), INX International Ink Co. (USA), Kao Corporation. (Japan), Nazdar (USA), Siegwerk Druckfarben AG & Co. KGaA (Germany), Spgprints B.V. (Netherlands), Sun Chemical (USA), Wikoff Color Corporation (USA), and Zeller + Gmelin GmbH & Co. KG (Germany).
Latest Industry News
- At Labelexpo Europe 2019, GSB Wahl launched a low migration UV series 172 MA waterless offset ink. 26 SEP 2019
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Market Research Future (MRFR) is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.
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