02-Oct-2020 | Zion Market Research
As per Zion Market Research, the global Low Migration Inks Market, estimating its value at USD 2.78 Billion in 2023, with projections indicating that it will reach USD 5.69 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 8.3% over the forecast period 2024-2032. Migration of inks is a pram problem in applications such as beverages, food, and cosmetics. Inks with greater molecular weight are employed for labeling and printing to prevent contamination in these goods. Inks with greater molecular weight employing specific elements are employed for printing on pharmaceuticals, food & beverage, cosmetics packaging, and tobacco to guarantee the accepted migration restrictions for appropriate packaging structure. The development of this market is majorly powered by the laws for end-use sectors such as pharmaceuticals and food & beverages.
Sun Chemical Corporation, hubergroup Deutschland, Flint, TOYO INK., Siegwerk Druckfarben, ALTANA, Agfa-Gevaert, INX International Ink, and epple Druckfarben AG are some of the major players in the low migration inks market.
The Flexography Category Is Predicted To Develop In Terms Of Both Volume And Value At The Max Speed
The flexography category is predicted to develop in terms of both volume and value at the max speed. The gravure process is leading in Asia Pacific, but the fashion is predicted to alter in this area in the years to come. Flexography is mainly employed in areas such as North America, Europe, and South America. Due to this, the flexography process section is predicted to develop at the max pace. Flexography process is quicker in comparison to gravure and can be employed on plastics, paper, metal, and pouches, amongst others. These benefits of flexography are predicted to power the global market for low migration inks.
The Food & Beverages Section Added Up For The Biggest Share Of The Global Market For Low Migration Inks
The food & beverages section added up for the biggest share of the global market for low migration inks and the trend is predicted to carry on in the years to come. Different laws for packaging and labeling on the food & beverages sector result in the need of low migration inks. Due to the laws, printing makers are now asking for low migration inks. This is predicted to power the low migration inks market for food & beverages section.
The European Market Is Predicted To Develop At The Max Speed In Terms Of Volume And Value In The Years To Come
Europe, Asia Pacific, and North America are the major regions low migration inks markets. The European market is predicted to develop at the max speed in terms of volume and value in the years to come. This development is majorly credited to the rising regulations in this area, particularly on the food & beverages sector for labeling and packaging applications. Rising awareness amongst end users owing to contamination is additionally powering the requirement for low migration inks in North America and Europe.
Browse the full “Low Migration Inks Market - by End-Use Industry (Pharmaceutical, Food & Beverages, and Cosmetics), by Process (Flexography, Gravure, Off-Set, and Digital), and by Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024-2032.” Report at https://www.zionmarketresearch.com/report/low-migration-ink-market
The global low migration inks market is segmented as follows:
By Process:
By End-Use Industry:
By Region
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