A new report has been published by Stratview Research, titled, “Low Migration Inks Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2022–2028.” The experts authoring this report have made an effort at providing in-depth information on leading growth drivers, restrictions, challenges, current and upcoming trends, and opportunities to offer a comprehensive assessment of the Low Migration Inks Market. Users can use the analysis included in this report to plan effective growth strategies and prepare for future challenges beforehand.
Market Insights
The low migration inks market was estimated at USD 286.44 million in 2021 and is likely to grow at a CAGR of 7.44% during 2022-2028 to reach USD 476.08 million in 2028.
Growing consumption of packaged food and the requirement for securing these food products from getting blended with the printed inks on food packets, and the growing demand for light packaging of food materials accompanied by increasing usage of low migration inks for the labeling of various products such as pharmaceuticals, alcohol bottles, cosmetics are the considerable factors fueling the growth of the market during the forecast period.
Low migration inks are formulated without the use of raw materials that have been recognized as a material that can pass through any substrate and can cause damage to the flavor, odor, appearance, safety, or taste of the products enclosed within the package. This ink is widely used in the food and beverage industry owing to its exceptional ink-restraining features.
Market segmentation
Market segmentation has been done correctly to help the users define and better understand their target audiences and ideal customers. Market segmentation in this report allows you to identify the right market for your products and then target your marketing more effectively.
Based on the printing process type, the market is segmented as flexography, offset, digital, and gravure. Flexography is estimated to hold the major share of the market during the forecast period owing to its quickness and application in varied surfaces. It is a process of surface printing that is widely used as an efficient and appropriate way of smearing designs and writings for a variety of packaging items, such as paper and plastic containers, paperboard boxes, tape, and metal foils.
By End-User Industry Type
Based on the end-user industry type, the market is segmented as food beverages, pharmaceutical, personal care, and others. Food beverages are estimated to witness a significant growth rate in the market. Factors such as various guidelines pertaining to the use of low-migration inks in packaged food products and strengthening the sales of packaged food across the globe are expected to boost market growth during the forecast period.
Regional Insights
In terms of regions, Europe is estimated to account for the largest share of the market. The growth of the market is attributed to an increase in sales of food and packaging industries and a favorable standard of its usage in the regional market during the forecast period. Further, North America is also anticipated to account for a significant share of the market, owing to the standardized regulations in the U.S., fueling the regional market growth. Asia-Pacific is also expected to offer substantial growth opportunities during the forecast period.
Competitive landscape
Relying on data to make business decisions and to have a competitive advantage, is a critical aspect every key player needs to be familiar with. The report throws light on the competitive scenario of the Low Migration Inks Market along with a list of Key players.
Here are few –
- Agfa-Gevaert N.V.
- Altana AG
- Epple Druckfarben AG
- Flint Group
- Huber Group
- INX International
- Marabu US Holding GmbH Co. KG
- Siegwerk Druckfarben AG Co. KGaA
- Sun Chemical Corporation
- Toyo Inks
About Stratview Research –
Stratview Research is a leading market research firm that offers wide range of services like syndicated market reports, consulting, sourcing intelligence, and customer research, etc. Stratview Research’s offerings include comprehensive market intelligence in the form of research reports, and consulting services. Our team which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 500 companies.
