Light-Changing Packaging Inks Market Size, Share, Trends and Forecast To 2032

Light-Changing Packaging Inks Market Insights

According to the report published by Zion Market Research, the global Light-Changing Packaging Inks market was valued at USD 9.64 Billion in 2023 and is predicted to reach USD 23.39 Billion by the end of 2032. The market is expected to grow with a CAGR of 9.3% during the forecast period. The report analyzes the global Light-Changing Packaging Inks Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Light-Changing Packaging Inks Market.

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Global Light-Changing Packaging Inks Market: Overview

Light-changing packaging ink changes its color when it is exposed to sunlight, which is best suited for food & beverages. This packaging ink is used in a variety of food product packaging, such as labels, in-molds, film, and many others. It is one of the light-changing packaging inks which rapidly changes, in terms of photochromic performance, its colors when exposed to sunlight. Photochromic is in available in a range of color-changing inks which react to any variation when exposed to sunlight. Thermochromic is another color-changing ink that changes color with respect to temperature variations. These two color-changing inks are widely preferred by industries such as healthcare, food & beverage, cosmetics, and others.

Global Light-Changing Packaging Inks Market: Growth Factors

Light-changing packaging ink is broadly accepted in a variety of industries in different types, such as flexible packaging, labels, in-mold, and others. The demand for light-changing packaging ink has increased from some end-use companies such as food & beverages, cosmetics, healthcare, and others; this, in turn, is anticipated to boost global market growth. Moreover, increasing awareness for more convenient and eco-friendly packaging is anticipated to foster the global market in the near future. In addition, rising disposable income and changing lifestyles are other factors that are expected to augment the global market in the coming years. Furthermore, low cost of the light-changing packaging inks is another major driving factor in the global market.

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Global Light-Changing Packaging Inks Market: Segmentation

The global light-changing packaging ink market is segmented on the basis of the material type, such as metal, paper & paperboard, rigid plastic, glass, flexible plastic, and others. Of these, flexible plastic is the dominant material-type segment in the global market.

Based on the ink type, the global market is categorized as sunlight ink, photochromic ink, thermochromic ink, and others.

Furthermore, the global market is divided on the basis of application, such as healthcare, food & beverages, cosmetics, and others. Food & beverages are the leading application segment in the global market.

Light-Changing Packaging Inks Market: Report Scope

Global Light-Changing Packaging Inks Market: Regional Analysis

North America is the major producer of light-changing inks, such as photochromic inks. Its rising production capacity is anticipated to fuel the global light-changing packaging ink market in the future. Europe is the second-leading market and is anticipated to witness healthy growth in the global market. Consumer inclination towards light-changing ink packaging for food & beverages drives the market in Europe. Moreover, Asia Pacific accounted for the largest market share for the light-changing packaging ink market, owing to the large network of food & beverage industries in this region. The demand for light-changing packaging inks is significantly higher in the US owing to increasing disposable income. Canada is also showing considerable growth in the light-changing packaging inks market and is anticipated to grow in the flexible packaging industry.

Global Light-Changing Packaging Inks Market: Competitive Players

Some of the major players in the global light-changing packaging ink market are

• Sun Chemical Group
• CTI
• Videojet Technologies, Inc.
• others.

For instance, Bright spot CTI introduced light changing packaging ink in the market. Bright Spot Chromatic Technology has introduced a line of photochromic inks for food and beverages that change color when exposed to sunlight.

The Global Light-Changing Packaging Inks Market segments are as follows:

By Ink Type

• sunlight ink
• photochromic ink
• thermochromic ink
• others.

By Application

• healthcare
• food & beverages
• cosmetics
• others

Global Light-Changing Packaging Inks Market: Regional Segment Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany 
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

What Reports Provide

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonies to companies in order to fortify their foothold in the market.