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Low Migration Ink Market 2020 | Insights & Forecast Research Report 2025
Rising demand for safer packaging and labeling techniques is expected to drive global low migration ink market trends through 2025. Growing consumption of processed food has garnered commendable momentum in global packaging industry, in turn driving the demand for low migration inks. The product over the recent years has witnessed substantial adoption rate over heavy molecular weighted inks for labelling purposes. The demand can be attributed to the product’s property to restrain the undesired ink from affecting eatables or other packaged content.Changing lifestyles and high disposable income in emerging economies are the major factors propelling popularity for processed food products, making F&B applications a potential growth avenue for low migration ink industry. Moreover, growing demand from various end-user industries including pharmaceuticals, personal care products, alcohol, tobacco, food & beverage etc. is further expected to boost low migration ink market outlook.
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In addition, efficient printability of these inks on thin films such as nylon, polyethylene and polyester make them suitable for packaging applications. Furthermore, low volatile organic compound (VOC) emission and low migrating property of these inks will increase product proliferation across various industry verticals requiring packaging and labelling. In terms of revenue, low migration ink market share is forecast to exceed $480 million by 2025.
Based on printing processes, digital low migration ink printing market is expected to garner substantial returns over the coming years. The segment is projected to gain momentous growth rate of over 6.5% over 2019-2025. The technique is majorly utilized in complex printing processes and is being widely used in the labelling of alcohol bottles.
In terms of application, low migration ink industry is estimated to garner considerable proceeds from pharmaceutical sector. Pharmaceutical applications are forecast to contribute more than 25% in the global low migration ink market share by 2025. Favorable guidelines pertaining to the use of safer inks in pharmaceutical industry will propel product demand over the coming years. Non-transferable property of the inks restricts migration of ink particulate into packages containing medicine reducing the risk of contamination.
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As per estimates, North America low migration printing inks market is slated to register a CAGR of over 7% over 2019-2025. Rising cases of food adulteration due to ink migration into packaged food has led to enforcement of strict regulations pertaining to the use of these printing inks.
Key industry players partaking in low migration ink market include Toyo Inks, Siegwerk Druckfarben, Sun Chemical Corporation, Flint Group, Epple Druckfarbe, Huber Group, Agfa-Gevaer, INX International, Zeller+Gmelin, Altana and Marabu GmbH. Speaking of the competitive scenario, the market players are investing heavily in strategies such as R&D, product innovation and capacity expansion to gain a wider customer reach.
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