Low Migration Inks Market Analysis

Low Migration Inks Market Analysis

Based on  printing process types, the low migration printing inks market is classified into flexography, digital, offset and gravure. Flexography is projected to generate the maximum revenue i.e. over USD 140 million in 2018. Flexography is basically a process of surface printing that extensively used as an economical and prompt way of smearing designs and writings for a widespread varieties of packaging items, such as plastic and paper containers, tape, corrugated or paperboard boxes, metal foil and envelopes. Flexographic printing is broadly used during bulk printing processes owing to its quickness and its application in varied surfaces, that will certainly swell the low migration printing inks market size by 2025.
 

On the basis of end-user industries, the low migration inks market is categorized into food and beverage, pharmaceuticals, personal care and few others such as in alcohol and tobacco labelling. Low migration printing inks market for food and beverage is anticipated to surge at a CAGR over 6.5% in the forecast period. Several guidelines regarding the use of low migration inks in packaged food products will fuel the product market in the coming years. U.S. Food and Drug Administration and European Union Printing Inks Association has standardized the use of low migration printing inks in the U.S. and European Union regulated nations. This regulatory trend will directly drive the overall product market size by 2025. Furthermore, bolstering packaged food sales globally is also expected to fuel the product industry size during the forecast period.
 

Europe is anticipated to capture the maximum market share over 29% compared to any other region in 2018. This is due to the rising sale of packaged food in the region. In 2018, the packaged food industry was worth over USD 520 billion in the Western Europe. Moreover, favorable standards in the region for its use in food and beverage industry is expected to surge product market size in the region by 2025.
 

North America also acquired a considerable market share in the low migration printing inks market in the projected timeframe. U.S. FDA is standardizing guidelines, which is likely to boost the product demand in the pharmaceutical industry. It’s application in medical labelling enhances drug safety.