May 14, 2021
According to the research report titled ‘Low Migration Inks Market Size By Printing Process, By End-user Industry, 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 with Market Study Report, global low migration inks industry size is projected to hit 480 million by the end of the forecast period 2019-2025.
As per the findings of the report, increased demand for processed food packaging owing to changing lifestyle and increasing disposable income are augmenting the demand for inks in the food packaging sector. In addition, rapid industrialization and rising number of food delivery services are adding considerable traction to global low migration inks market development.
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Further, escalating product demand in pharmaceuticals, personal care, and labelling applications is rendering a positive impact on the overall industry remuneration. Also, favorable regulations concerning food packaging, particularly in Europe and North America, is expected to push the market forward in the upcoming years.
On the contrary, lack of standardized norms and regulations pertaining to product application in several regions including Africa, South America, Middle East, and Asia may negatively impact global low migration inks market dynamics. Besides, volatile raw material price and stringent directives regarding environmental safety are restraining the industry expansion.
Based on printing process, gravure printing accounts for a significant portion of the industry share and is expected to record 6% CAGR over 2019-2025. Higher returns with minimal installation cost benefit as compared to flexography printing is augmenting the demand for gravure printing.
Considering the end-user scope, personal care segment accounted for 15% of the global low migration industry share and is expected to grow substantially during the forecast period. Low migration printing inks restricts the ink particles onto the packaging surface, making it favorable for personal care industry.
Speaking of the geographical landscape, Asia Pacific market size is expected to reach USD 100 million in 2025, attributable to rapid industrialization and flexible investment norms, along with strategic advantages of low production and raw material costs for manufacturers.
Prominent players in global low migration inks industry are Zeller+Gmelin Corp., Marabu GmbH & Co. KG, INX International Ink Co., Epple Druckfarben AG, Altana AG, Agfa-Gevaert N.V., Toyo Ink, Siegwerk Druckfarben AG & Co. KGaA, Hubergroup, Sun Chemical Corp., and Flint Group.