Low Migration Inks Market Overview to 2023:
Low migration inks are specially designed inks to withstand the extreme temperatures such as intense heat or cold, occurring cooking, baking, or boiling frozen products in their original packaging so as to control the evaporation of volatile materials present in ink. Therefore, to substrate affects the appearance, flavor, odor, taste, or the safety of the product contained within the packaging.
Low migration inks are predominantly used in the labeling of packaging materials in various end-user industries such as food & beverages, pharmaceuticals, cosmetics & personal care, and others. Over the past few years, the global low migration inks market is growing rapidly mainly due to the growing awareness about the harmful consequences of migration of inks in food, pharmaceutical, and cosmetics & personal care products.
As a result, these inks are garnering increasing market prominence that has been helping its market to garner more traction, escalating it on the global level. Acknowledging the exponential traction, this market perceives today, Market Research Future (MRFR) in its recently published study report asserts that the global low migration inks market will register a phenomenal CAGR over the forecast period (2018-2023).
Rising demand for label printing, led by the rising demand for packaged food and beverages drives the low migration inks market. The development in the low migration inks in terms of products quality and services and the upsurge in the labeling industry are driving the market growth. Additional factors substantiating market growth include new technologies and favorable government regulations.
Furthermore, stringent regulations of various regulatory boards in North America and Europe such as European Carton Makers Association (ECMA), European Food Standard Agency (EFSA), European Printing Ink Association Member of CEPE (EuPIA), and the U.S. Food and Drug Administration (FDA) are augmenting the demand for low migration inks in these regions.
On the other hand, factors such as the volatility in the prices and the demand and supply gap in the raw materials required for the production of low migration inks are expected to impede the growth of the market. Nevertheless, heavy investments made in the development of products and technologies by the major manufacturers will support the market growth throughout the assessment period.
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Low Migration Inks Market – Segmentation
For enhanced understanding, the report has been segmented into four key dynamics.
By Printing Process : Flexography, Gravure, Lithographic Offset, Digital, and Screen Printing among others.
By Substrate Type : Corrugated Boxes, Flexible Films, Flexible Paper, Folding Cartons, and Metals among others.
By End-use Industry : Food & Beverage, Pharmaceutical, and Cosmetics & Personal Care among others.
By Regions : Asia Pacific,North America, Europe, and the Rest-of-the-World.
Global Low Migration Inks Market – Regional Analysis
The low migration inks market in the European region is expected to retain its dominance over the global market registering a fabulous CAGR during the forecast period. Stringent food and packaging regulations are a key driving force behind the growth of the regional market.
Also, the presence of well-developed packaged food industries accounts for the key growth contributor, leading the demand for labeling and attractive packaging.
The North American region, heading with the rising demand for personal care and food & beverages products accounts for the second-lucrative market for low migration inks, following the European market, closely. Moreover, stringent regulations by the U.S. FDA are propelling the growth of the low migration inks market in this region. Countries such as the US and Canada with their increasing expenditures on labeling in food and beverages and pharmaceutical industry fosters the low migration inks market in the region.
The Asia Pacific region is emerging as a profitable market for low migration inks mainly due to the spurting industrialization in the region over the past few years that is driving the demand and uptake of low migration inks across the printing and packaging sector
Furthermore, the availability of cost-competitive workforce and raw materials in the region attracts foreign investors and manufacturers. Countries such as Japan, South Korea, China, and India, backed by their surging economy contribute to the growth in the regional market, majorly.
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Low Migration Inks Market – Competitive Analysis
Highly competitive, the global low migration inks market enjoys the presence of many large and small players which makes the market to appear fragmented. Low migration inks market is no exception when it comes to adopting strategic trends, to sustain in their market position and to drive the market.
Key players operating in the market adopt the same prevailing strategic initiatives such as merger & acquisition or strategic collaboration and investing in local manufacturers in emerging economies for product developments and manufacturing activities.
Major 10 Key Players:
ü FlintGroup (Luxembourg)
ü INX International Ink Co.
ü hubergroup Deutschland GmbH
ü Sun Chemical
ü Kao Corporation.
ü Siegwerk Druckfarben AG & Co. KGaA
ü Agfa-Gevaert Group (Belgium), HAPA AG
ü Zeller + Gmelin GmbH & Co. KG
ü Epple Druckfarben AG
ü Spgprints B.V.
ü Wikoff Color Corporation
Industry/ Innovation /Related News:
January 28, 2019 —- Sealpac International BV (the Netherlands), a leading manufacturer for packaging machinery a range of tray-sealing units and form-fill sealing technologies for food packaging introduced a skin packaging system – FlatSkin, developed in collaboration between VG Nicolaus, a cardboard carrier supplier, Wentus, a skin film producer, and tray-sealing technology supplier Sealpac.
FlatSkin is suitable for a range of product segments, such as fresh meat, cheese, poultry, and seafood. The FlatSkin system uses cardboard carriers, which can be printed on both sides utilizing low-migration printing inks and varnishes. The FlatSkin system achieves a plastics reduction of up to 75 percent, hence providing an answer to the food sector’s increasing demand for sustainability.
December 19, 2018 —- HAVI Group, LP (the US), a leading global company operating in supply chain management, packaging, packaging technology integrated solutions, logistics, and recycling among others announced a new development of natural-based inks in sustainable packaging category.
These natural-based inks provide versatility, low migration, and low abrasion solutions. In many cases, mileage and performance improvements have encouraged printers to switch over to the new technology for other packaging applications as well. Besides, these natural-based inks represent another aspect of clean packaging, an extension of the clean food movement, the principle of simplifying materials and chemistries for safer, more sustainable packaging.
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