January 24, 2020
According to a new research report titled ‘Low Migration Inks Market Size By Printing Process (Flexography, Digital, Offset, Gravure), By End-user Industry (Food and Beverage, Pharmaceuticals, Personal Care), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, The Netherlands, Belgium, China, India, Japan, Australia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE), Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025’, available at MarketStudyReport.com, global low migration inks market size will hit USD 480 million by 2025.
Increased product demand in processed food packaging applications will drive low migration inks market forecast. A significant rise in disposable incomes of consumers along with upgradation in living standards has fueled the consumption of packaged food products across the globe. Excellent ability of low migration inks to print on thin films such as nylon, polyethylene, and polyester and makes them suitable for packaging applications.
Low migration inks industry share is segmented into flexography, gravure, digital, and offset based on the printing process. Gravure printing process holds a prominent revenue share in the product market and is estimated to record a robust 6% CAGR during the forecast timeframe. The process is generally preferred over flexography printing as it offers higher profitability at minimal installation costs.
On the basis of end-user industries, low migration inks market share is segmented into personal care, food & beverage, pharmaceuticals, and others that mainly include labelling of alcohols and tobacco. Personal care industry accounts for over 15% revenue share in the product market and is projected to growth at a healthy CAGR up to 2025. The ability of the product to restrict ink particles onto the surface of the packaging makes them preferable for use in the personal care sector.
Asia Pacific low migration inks industry size is estimated to be worth more than USD 100 million by 2025. This can be largely attributed to rapid industrialization along with lower material and production costs. The introduction of favorable investment norms in the region will positively impact low migration inks industry outlook in the coming years.
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Sun Chemical Corporation, Agfa-Gevaer, Toyo Inks, Flint Group, Epple Druckfarbe, Zeller+Gmelin, Marabu GmbH, INX International, Siegwerk Druckfarben, Huber Group, Altana are some of the major industry participants operating in global low migration inks industry.
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