Low Migration Inks Market to depict appreciable growth prospects over 2025

7:52 AM, 2nd February 2021
Adoption of low migration inks is growing on their low migrating property aligned with low VOC emission levels, which have enabled them as a favorable options for pharmaceuticals, personal care products, tobacco, alcohol, food & beverages industry.

Global Market Insights Inc predicts that the global low migration inks market would record substantial revenue share of $480 million over the span of 2019 to 2025, on the grounds of below mentioned trends:

With an overwhelming percentage of the global population turning towards consumption of packaged food products, the need for securing these from getting mixed with the printed inks on food packets is significantly offering a positive impetus to the growth of low migration inks market in the overall food packaging industry. A predominant reason supporting the adoption of these inks is their low migrating property aligned with their low VOC emission levels, which have enabled them to emerge as a favorable option for various end-use industries as well including pharmaceuticals, personal care products, and tobacco and alcohol, besides prominent food and beverages industry.

Favorable regulations pertaining to use of low migration inks across prominent regions

Reports have estimated that low migration inks market have been witnessing massive momentum across the economies of North America, Europe, Asia Pacific, primarily due to the introduction of supportive regulations for food packaging in these continents. Speaking of which, the Food and Drug Administration had earlier authenticated use of low migration inks in food packaging materials in the United States; a preliminary step that has contributed to a demand spurt in the region.

Considering the burgeoning statistics in the Asia Pacific region, it was reported that the regional low migration inks market is expected to account for a valuation of $100 million by 2025 end. This can be credited to robust industrialization and reduced production and raw material cost in the region. Additionally, presence of flexible investment norms in APAC is also likely to drive the market progression in the years to follow.

Expansive applications and reduced installation costs associated with gravure process

Since companies in almost all regions have been looking towards adopting comparatively low-cost printing processes while also ensuring enhanced productivity, gravure printing processes have emerged as an ideal solution. Industry experts claim that gravure printing processes held a considerable share in the overall product segment and are poised to depict a CAGR of 6 per cent through 2025, given their high profitability and minimal installation cost. These processes are generally used in printing tags and labels, wallpaper, and wrapping paper, and a prolific rise in demand for these would offer a positive thrust to the product demand.

Increased adoption in personal care products packaging

Apart from food packaging applications, low migration inks are also being abundantly used in personal care industry on a much larger scale today. Currently, personal care industry holds a share of more than 15 per cent in the overall low migration inks market and is touted to gain phenomenal gains in the upcoming years. Low migration inks pose the ability to restrict the ink particles onto the surface of package, making it highly favorable for this industry. In this case, it would be safe to declare that rising personal care product sales would bolster the business space over the foreseeable time frame.

Immense efforts undertaken by industry majors

The global low migration inks market is highly consolidated and boasts of the presence of some of the top notch market players including Altana, Sun Chemical Corporation, Toyo Inks, Huber Group, and INX International amongst others, who have been relentlessly working towards development of innovative solutions and products while being engaged in various tactics such as acquisitions, collaborations, and partnerships. Such efforts are anticipated enable the players stand a position apart from other rivals.

One such company, Huber Group had in 2017, announced expanding its cradle to cradle portfolio with launch of Eco-offset food packaging inks for the sheetfed offset market. The move comes on heels with the company’s aim to achieve an ecologically perfect product, adding to the renewability and sustainability trend.

Get detailed analysis on the Low Migration Inks Market: https://www.gminsights.com/request-sample/detail/2699

 

Contact Us:

Arun Hegde

Corporate Sales, USA

Global Market Insights, Inc.

Phone: 1-302-846-7766

Toll Free: 1-888-689-0688

Email: sales@gminsights.com

Web: https://www.gminsights.com

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