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Burgeoning demand for packaging applications to transform Low Migration Inks Market outlook over 2021-2025

05-12-2021 07:30 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: global market insights

Low Migration Inks Market

Low Migration Inks Market

According to Global Market Insights, Inc., low migration inks market size is projected to surpass USD 480 million over the foreseeable future.

Changing lifestyle and rising disposable income, expenditure on products of daily usage and packaged food have increased considerably across the globe. In this regard, manufacturers are focusing on offering enhanced and attractive product packaging along with the product itself to increase the product sales which has evoked the demand for improved printing material such as low migration inks. These inks are increasingly being used across many industries such as food & beverage, pharmaceuticals, personal care, tobacco & alcohol, etc. which is providing major impetus to global low migration inks market.

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The prominent factors which are complementing the application of low migration ink in packaging are its lower migration property and lower VOC emission levels. In addition, its ability to print on thin films such as nylon, polyester and polyethylene increases their usage across packaging businesses.

Increasing industrialization across emerging economies has impelled the product demand considering the growing need for continuous supply of printing inks for the purpose of tagging and labelling. Besides, emerging trend of food delivery services across these countries is fueling the demand for good quality packaging material in order to preserve the food quality. This has increased the adoption of low migration inks for food packaging.

Considering the increasing product demand, industry players are focusing on developing enhanced product offering in order to effectively serve the growing consumer demand. For instance, in 2020, Flint Group launched UltraCURA® Sens, its next generation low migration inks. According to the company, this ink has been developed especially for food packaging applications where there should not be a direct contact between printed image and contents of the package.

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An overview of some of the prominent segments that are augmenting the industry growth is outlined as under:

Based on printing process, gravure segment is expected to register a lucrative CAGR of 6% through 2025 owing to shifting consumer preference towards this printing process as it provides better profitability with minimal installation cost. The wide usage of gravure process in printing labels and tags, wallpaper and wrapping paper is instigating its demand which will positively influence the business space in coming years.

Based on the end-use bifurcation, personal care segment holds a significant market share of more than 15% in the overall low migration inks market and is projected to observe a robust growth over the coming years. The segment growth is attributed to elevating demand for low migration printing inks owing to their ability to restrict the ink particles upon the surface of package making it appropriate for personal care products.

In terms of regional outlook, Asia Pacific low migration inks market is expected to register an appreciable valuation of over USD 100 million by 2025. This can be credited to the rapid industrialization, lower production cost and lower raw material cost in the region. In addition, supportive regulatory scenario regarding investment in the region is driving the demand for low migration printing inks across several industries.

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

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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