Low Migration Inks Market, Key Player, Analysis, Size, Type and Forecast Business Opportunities, Current Trends, Forecast by 2030
Low Migration Inks are useful in the labeling of packaging materials to prevent the undesirable migration of inks to substrate affects the appearance, flavor, odor, safety, or the taste of the product contained within the packaging. A new report on the global low migration inks market, published by Market Research Future (MRFR), predicts that this market can sight success during the forecast period (2022-2030).
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Key Players
Big
players in the global low migration inks market are Agfa-Gevaert Group
(Belgium), Altana AG (Germany), Durst (Italy), Epple Druckfarben AG (Germany),
FlintGroup (Luxembourg), HAPA AG (Germany), hubergroup Deutschland GmbH
(Germany), INX International Ink Co. (USA), Kao Corporation. (Japan), Nazdar
(USA), Siegwerk Druckfarben AG & Co. KGaA (Germany), Spgprints B.V.
(Netherlands), Sun Chemical (USA), Wikoff Color Corporation (USA), and Zeller +
Gmelin GmbH & Co. KG (Germany).
The
most exigent market driver for the global low migration inks market growth is the
use of low migration inks in various industries. Due to the growing awareness
regarding harmful consequences by the migration of inks in food, cosmetics
& personal care products, and pharmaceutical, the demand for low migration
inks is increasing. Other factors supporting the market growth include a shift
in consumer preferences toward flexible as well as lightweight packaging
alternatives and strict regulations from the government regarding safety.
However, the limited availability of raw material can result in the high cost
of low migration inks and thus, can hinder the market growth.
Market Segmentation
The
global low migration inks market segmentation encompasses end-user industry,
printing process, and substrate type. MRFR’s research is founded on various
volume-wise and value-wise understanding where figures played a crucial role.
Based
on the end-user industry, this market has been segmented into cosmetics &
personal care, food & beverage, pharmaceutical, and others. Regarding the printing
process, the market has been segmented into digital, flexography, gravure,
lithographic offset, screen printing, and others. By substrate type, the market
includes corrugated boxes, flexible films, flexible paper, folding cartons,
metals, and others.
Regional Segmentation
A
geographical outlining of the global low migration inks market covers Europe,
Asia Pacific, and North America as major contributors. Latin America (LATAM), and
the MEA (Middle East & Africa) can register moderate changes.
During
the forecast period, Europe can be the largest as well as the fastest-growing
regional market due to the stringent regulations related to food and packaging
by various regulatory bodies like European Carton Makers Association (ECMA),
European Food Standard Agency (EFSA), European Printing Ink Association Member
of CEPE (EuPIA). Other factors pushing the market growth in this region include
the presence of well-developed packaged food industries and demand for labeling
and attractive packaging. Countries that generate maximum market revenue in
this region are France, Germany, Italy, Spain, and the UK.
During
the forecast period, North America can be the second largest market due to
Stringent regulation by the FDA. After Europe, most of the important market
players are based in the USA. Mexico is another crucial market in this region.
In
the Asia Pacific region, the market can rise up to be more profitable due to
the abundance of raw materials necessary for production, availability of
cost-competitive workforce, the spurting industrialization in this region, and
lastly, investment from foreign investors as well as manufacturers. Due to
economic growth, the most important markets in this region are China, India,
Japan, and South Korea.
In
the MEA region, the market can grow during the forecast period due to the
increasing demand for the low migration inks and stringent regulations. Many
other regulations that can support market growth are related to food &
beverages and cosmetics & personal care. During the forecast period, the
Latin America market is expected to witness sluggish growth.
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Report @ https://www.marketresearchfuture.com/reports/low-migration-inks-market-6113
Latest Industry News
·
At
Labelexpo Europe 2019, GSB Wahl launched a low migration UV series 172 MA
waterless offset ink. 26
SEP 2019
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