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Global Low Migration Inks Market by Process (Gravure, Flexography, Off-set, Digital), By End Use (F&B, Pharma and Cosmetics), Global Analysis to 2023


Published on: 2024-06-12 | No of Pages : 260 | Industry : Chemicals

Publisher : MIR | Format : PDF & Excel

Global Low Migration Inks Market by Process (Gravure, Flexography, Off-set, Digital), By End Use (F&B, Pharma and Cosmetics), Global Analysis to 2023

Low Migration Inks Market Size And Forecast

According to the new report titled "Global Low Migration Inks Market by Process (Gravure, Flexography, Off-set, Digital), By End Use (F&B, Pharma and Cosmetics), Global Analysis to 2023"

The valuation of the Low Migration Inks Market was $1.2 Billion in 2023 and is projected to reach $5.1 Billion by 2032, at a CAGR of 8.2% from 2021 to 2032.

The Global Low Migration Inks Market was valued at $1.2 Billion by 2023 and expected to grow at CAGR of 8.2% over forecast period. The global low migration ink market plays a crucial role in the packaging and printing industries, particularly in applications where the migration of ink components into packaged food or pharmaceutical products must be minimized. Low migration inks are designed to meet stringent regulatory standards, ensuring the safety of packaged goods by preventing the transfer of harmful substances. The market has experienced significant growth due to increasing awareness of food safety and the need for compliant packaging in the food and pharmaceutical sectors. Key features of low migration inks include their low odor, reduced volatile organic compound (VOC) content, and adherence to specific migration limits. As industries prioritize consumer safety and regulatory compliance, the global low migration ink market is expected to continue its expansion, with ongoing research and development efforts focused on enhancing ink formulations and meeting evolving industry requirements.

VOCs held the primary share in the Low Migration Inks Market

Technology plays a pivotal role in advancing the global low migration ink market, addressing the critical requirements of safety and compliance in packaging and printing applications. Innovations in ink formulation technology focus on reducing volatile organic compounds (VOCs), minimizing odor, and ensuring that ink components do not migrate into packaged goods, especially in the food and pharmaceutical sectors. Advanced printing technologies, such as UV-curable and electron beam (EB) curing systems, contribute to the development of low migration inks with improved curing efficiency and reduced environmental impact. Additionally, nanotechnology is being explored to enhance the performance of low migration inks, providing better stability and adhesion while meeting strict regulatory standards. As the packaging industry continues to evolve, propelled by sustainability and consumer safety concerns, technology-driven developments in low migration inks are essential for meeting the stringent demands of modern packaging applications worldwide.

North America headed the Low Migration Inks Market in 2022

The low migration ink market in North America is witnessing substantial growth, driven by a heightened emphasis on food safety and compliance with stringent regulatory standards. As the region's packaging industry seeks to ensure the safe containment of food and pharmaceutical products, low migration inks have become integral. North American manufacturers are increasingly adopting these inks to adhere to evolving regulations and address consumer concerns about the potential migration of harmful substances. Technological advancements in ink formulations, printing processes, and curing technologies have played a pivotal role in enhancing the performance and reliability of low migration inks in the region. With a focus on sustainability and meeting the highest safety standards, the North American low migration ink market is poised for continued expansion as industries prioritize the development of packaging solutions that prioritize both consumer safety and regulatory compliance.

Key market players operating in the market that are profiled in the report are- Sun Chemical Corporation (US), Flint (Luxembourg), hubergroup Deutschland (Germany), Siegwerk Druckfarben (Germany), TOYO INK. (US), Agfa-Gevaert (Belgium), ALTANA (Germany), epple Druckfarben (Germany), and INX International Ink. (US)

Report Scope

REPORT ATTRIBUTES DETAILS
STUDY PERIOD

2021-2031

BASE YEAR

2024

FORECAST PERIOD

2024-2031

HISTORICAL PERIOD

2021-2023

UNIT

Value (USD Billion)

KEY COMPANIES PROFILED

Flint, Sun Chemical Corporation, hubergroup Deutschland, Durst, Epple Druckfarben, HAPAAG, Toyo Ink, Siegwerk Druckfarben, INX International Ink, Zeller+Gmelin, Altana, Kao Corporation, and Agfa-Gevaert.

SEGMENTS COVERED

Process, Application, Product Type And Geography.

 

CUSTOMIZATION SCOPE

Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope

keyplayer

  •  Flint
  • Sun Chemical Corporation
  • hubergroup Deutschland
  • Durst
  • Epple Druckfarben
  • HAPAAG
  • Toyo Ink
  • Siegwerk Druckfarben
  • INX International Ink
  • Zeller+Gmelin
  • Altana
  • Kao Corporation
  • and Agfa-Gevaert. 

Global Low Migration Inks MarketSegmentation Analysis

The Global Low Migration Inks Market is Segmented on the basis of  Process, Application, Product Type And Geography.

Low Migration Inks Market, By Process

  • Gravure
  • Flexography
  • Off-Set
  • Digital

Based on Process, the market is divided into Gravure, Flexography, Off-Set, and Digital. Flexography is currently expected to be the leading process type in the low migration inks industry. Flexography is perfect for high-volume printing on a variety of packaging materials because it strikes a compromise between cost and speed. These supplies include paper and plastic containers, tape, cardboard boxes, and foil. This efficiency enables organizations to produce huge amounts of packaging using low migration inks at a competitive price. While other techniques may be appropriate for specific applications, flexography is the market leader in low migration inks due to its versatility and low cost.

Low Migration Inks Market, By Application

  • Food & Beverages
  • Pharmaceuticals
  • Cosmetics
  • Tobacco
  • Homecare
  • Chemicals

Based on Application, the market is segmented into Food & Beverages, Pharmaceuticals, Cosmetics, Tobacco, Homecare and Chemicals. While Low Migration Inks are utilized in a variety of industries, they are most commonly found in food and beverage, medicines, and cosmetics. This is due to stronger rules and heightened safety concerns in these industries. Contamination from packing inks can have a substantial influence on product quality and safety. Food and beverages require inks that will not migrate into the food, while pharmaceuticals and cosmetics have similar issues with chemical leaching that could harm customers.

Low Migration Inks Market, By Product Type

  • UV Curable Inks
  • Solvent-based Inks
  • Water-based Inks
  • Digital Inks
  • Metal Decorating Inks

Based on Product Type, the market is bifurcated into UV Curable Inks, Solvent-based Inks, Water-based Inks, Digital Inks & Metal Decorating Inks. UV curable inks dominate the low migration ink industry due to its adaptability and performance. They cure rapidly under UV light, attaching firmly to a variety of substrates and defying scratches, solvents, and fading. This endurance along with low VOC emissions and few solvents, makes them perfect for safety-conscious packaging applications with stringent standards. UV curable inks provide a winning combination of quality, compliance and visual appeal, ensuring their dominance in the low migration industry.

Low Migration Inks Market, By Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

On the basis of Geography, the Global Low Migration Inks Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America accounted for the largest market share of followed by Europe. Growing demand for effective emergency care and increasing adoption of mobile surgery centers are anticipated to drive the industry during the forecast period.

Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support

 

Table of Content

1 INTRODUCTION OF GLOBAL LOW MIGRATION INKS MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources

4 GLOBAL LOW MIGRATION INKS MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis

5 GLOBAL LOW MIGRATION INKS MARKET, BY PROCESS
5.1 Overview
5.2 Gravure
5.3 Flexography
5.4 Off-Set
5.5 Digital

6 GLOBAL LOW MIGRATION INKS MARKET, BY APPLICATION
6.1 Overview
6.2 Food & Beverages
6.3 Pharmaceuticals
6.4 Cosmetics

7 GLOBAL LOW MIGRATION INKS MARKET, BY GEOGRAPHY
7.1 Overview
7.2 North America
7.2.1 U.S.
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 U.K.
7.3.3 France
7.3.4 Rest of Europe
7.4 Asia Pacific
7.4.1 China
7.4.2 Japan
7.4.3 India
7.4.4 Rest of Asia Pacific
7.5 Rest of the World
7.5.1  Latin America
7.5.2 Middle East and Africa

8 GLOBAL LOW MIGRATION INKS MARKET COMPETITIVE LANDSCAPE
8.1 Overview
8.2 Company Market Ranking
8.3 Key Development Strategies

9 COMPANY PROFILES

9.1 Flint
9.1.1 Overview
9.1.2 Financial Performance
9.1.3 Product Outlook
9.1.4 Key Developments

9.2 Sun Chemical Corporation
9.2.1 Overview
9.2.2 Financial Performance
9.2.3 Product Outlook
9.2.4 Key Developments

9.3 hubergroup Deutschland
9.3.1 Overview
9.3.2 Financial Performance
9.3.3 Product Outlook
9.3.4 Key Developments

9.4 Epple Druckfarben
9.4.1 Overview
9.4.2 Financial Performance
9.4.3 Product Outlook
9.4.4 Key Developments

9.5 Toyo Ink
9.5.1 Overview
9.5.2 Financial Performance
9.5.3 Product Outlook
9.5.4 Key Developments

9.6 Siegwerk Druckfarben
9.6.1 Overview
9.6.2 Financial Performance
9.6.3 Product Outlook
9.6.4 Key Developments

9.7 INX International Ink
9.7.1 Overview
9.7.2 Financial Performance
9.7.3 Product Outlook
9.7.4 Key Developments

9.8 Zeller+Gmelin
9.8.1 Overview
9.8.2 Financial Performance
9.8.3 Product Outlook
9.8.4 Key Developments

9.9 Altana
9.9.1 Overview
9.9.2 Financial Performance
9.9.3 Product Outlook
9.9.4 Key Developments

9.10 Agfa-Gevaert
9.10.1 Overview
9.10.2 Financial Performance
9.10.3 Product Outlook
9.10.4 Key Developments

10 APPENDIX
10.1 Related Research

keyplayer

  •  Flint
  • Sun Chemical Corporation
  • hubergroup Deutschland
  • Durst
  • Epple Druckfarben
  • HAPAAG
  • Toyo Ink
  • Siegwerk Druckfarben
  • INX International Ink
  • Zeller+Gmelin
  • Altana
  • Kao Corporation
  • and Agfa-Gevaert.