Market Size of Low Migration Ink Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 7.00 % |
Fastest Growing Market | Europe |
Largest Market | North America |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Low Migration Ink Market Analysis
The market for low migration ink is expected to grow at a CAGR of greater than 7% globally. Major factor driving the market studied is the significant growth in food and beverage industry and rise in demand for personal care products. On the flip side, high cost of low migration ink compared to conventional inks and the unfavorable conditions arising due to the COVID-19 outbreak is hindering the growth of the market.
- Development of new generation sheetfed UV low migration inks is expected to create new opportunities for the market to grow.
- The food & beverage industry is expected to dominate the end-user segment of global low migration ink market over the period on account of strict regulations laid by authorities and growing awareness of issues related to food packaging.
- Europe region represents the largest market and is also expected to be the fastest-growing market over the forecast period owing to the consumption from countries such as United Kingdom, Germany, and France.
Low Migration Ink Industry Segmentation
The Low Migration Ink Market report includes:
Printing Process | |
Gravure | |
Digital | |
Offset | |
Flexography |
End-user Industry | |
Personal Care | |
Pharmaceuticals | |
Food and Beverage | |
Others |
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Low Migration Ink Market Size Summary
The low migration ink market is poised for significant expansion, driven primarily by the burgeoning food and beverage industry and the increasing demand for personal care products. This growth is supported by the development of advanced sheetfed UV low migration inks, which are expected to open new avenues for market expansion. The food and beverage sector is anticipated to lead the market due to stringent regulatory requirements and heightened awareness regarding food packaging safety. Despite the high cost of low migration inks compared to traditional options and challenges posed by the COVID-19 pandemic, the market is set to benefit from regulatory pressures that encourage the transition to safer printing solutions.
Europe is expected to be the fastest-growing region in the low migration ink market, fueled by demand from the food and beverage, personal care, and pharmaceutical industries. The region's growth is further supported by strict regulations from entities like the European Carton Makers Association and the European Food Standard Agency, which mandate the use of low migration inks to ensure safety in food packaging. The shift towards flexible and lightweight packaging solutions also contributes to the rising demand in Europe. Key players in the market include Sun Chemical, Flint Group, hubergroup Deutschland GmbH, Siegwerk Druckfarben AG & Co. KGaA, and INX International Ink Co., who collectively hold a significant share of the market.
Low Migration Ink Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Significant Growth in Food and Beverage Industry
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1.1.2 Rise in Demand for Personal Care Products
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1.2 Restraints
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1.2.1 High Cost Compared to Conventional Inks
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1.2.2 Unfavorable Conditions Arising Due to COVID-19 Outbreak
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1.3 Industry Value Chain Analysis
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1.4 Porters Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 Printing Process
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2.1.1 Gravure
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2.1.2 Digital
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2.1.3 Offset
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2.1.4 Flexography
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2.2 End-user Industry
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2.2.1 Personal Care
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2.2.2 Pharmaceuticals
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2.2.3 Food and Beverage
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2.2.4 Others
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2.3 Geography
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2.3.1 Asia-Pacific
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2.3.1.1 China
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2.3.1.2 India
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2.3.1.3 Japan
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2.3.1.4 South Korea
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2.3.1.5 Rest of Asia-Pacific
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2.3.2 North America
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2.3.2.1 United States
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2.3.2.2 Canada
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2.3.2.3 Mexico
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2.3.3 Europe
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2.3.3.1 Germany
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2.3.3.2 United Kingdom
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2.3.3.3 France
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2.3.3.4 Italy
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2.3.3.5 Rest of Europe
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle-East and Africa
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2.3.5.1 Saudi Arabia
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2.3.5.2 South Africa
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2.3.5.3 Rest of Middle-East and Africa
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Low Migration Ink Market Size FAQs
What is the current Low Migration Ink Market size?
The Low Migration Ink Market is projected to register a CAGR of greater than 7% during the forecast period (2024-2029)
Who are the key players in Low Migration Ink Market?
Sun Chemical, Flint Group, hubergroup Deutschland GmbH, Siegwerk Druckfarben AG & Co. KGaA and INX International Ink Co. are the major companies operating in the Low Migration Ink Market.