Low Migration Inks Market Overview
The Low Migration Inks market size is estimated to reach US$3.2 billion by 2027 after growing at an estimated CAGR of 7.1% during the forecast period 2022-2027. The low migration inks are printing inks that work to reduce the diffusion of the un-polymerized ingredient without hindering the odor, appearance and flavor of the product. These inks are used in printing technologies such as flexography, gravure, offset and others and are widely used across major end-use industries for applications involving flexible packaging, labeling and others. The rise in the consumption of packaged food items is boosting the demand for low-migration inks as these inks secure the food products from blending with the ink print. Thus, it acts as a major driver in the low migration inks market. Furthermore, the rise in demand for light packaging across major industries such as cosmetics, pharmaceuticals and others also boosts the growth in the market. The COVID-19 disruptions created a slowdown and growth disruption in the market due to factors such as disrupted manufacturing, supply chain disruptions, logistics disturbances and other lockdown restrictions. However, with robust demand from major industries and recovery in the market is boosting the growth of the market. Thus, the Low Migration Inks industry is anticipated to rise and would contribute to the growing low migration inks market size during the forecast period.
The “Low Migration Inks Market Report – Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Low Migration Inks Industry.
- Europe dominates the Low Migration Inks market, owing to the enormous demand for Low Migration Inks in food packaging, along with favorable policies for Low Migration Printing Inks. This factor is propelling its growth in this region.
- The flourishing food & beverage industry is propelling the demand for Low Migration Inks for applications involving contact with food, labeling and others owing to its negligible diffusion with the packaged food product. This is further driving the Low Migration Inks industry and contributing to the Low Migration Inks market size.
- The flexography printing process is preferred over gravure or offsets due to its advantageous properties such as cost-effectiveness, fast processing and adhesion, thereby having a rising demand for bulk flexible packaging, printing and labeling across major industries.
- However, the high costs associated with the Low Migration Inks over the convention printing inks restrain the growth in the Low Migration Inks market.
Low Migration Inks Market Segment Analysis – by Printing Process
The flexography segment held the largest Low Migration Inks market share in 2021 and is forecasted to grow at a CAGR of 7.2% during the forecast period 2022-2027. The flexography printing process is widely preferred over other processes due to its superior features such as economical, fast process, a wide range of applicability and non-toxicity. This process uses flexible plastics and rubber plates for high-quality imaging compared to other printing techniques. The use of flexography in varieties of packaging items such as paper and plastic containers, metal foils, envelopes, tape and others is increasing owing to its efficiency and cost-effective factor. Thus, with numerous advantages over other printing processes and robust demand for bulk printing procedures, the applicability of flexography is growing across industries. Due to these reasons, the flexography segment is anticipated to grow rapidly during the forecast period.
Low Migration Inks Market Segment Analysis – by Application
The packaging segment held a significant Low Migration Inks market share in 2021 and is forecasted to grow at an estimated CAGR of 7.9% during the forecast period 2022-2027. The demand for low migration inks for packaging applications is growing rapidly due to their superior features such as negligible printing inks transfer, appearance & flavor maintenance and adhesion. This boosts the demand for low migration inks across major industries, such as food & beverage and pharmaceuticals. The food and beverage sector is growing rapidly due to increased demand for packaged food items such as ready-to-eat, packaged dairy, packaged fruits & vegetables and changing lifestyles. For instance, according to the China Chain Store & Franchise Association, the food and beverage sector reached US$595 billion in China, showing a rise of 7.8% from 2018. The low migration inks also have major packaging applications in the pharmaceutical sectors for various medication packaging, drug labeling and others. According to the Indian Economic Survey 2021, the domestic pharmaceutical market in India is expected to reach US$65 billion by 2024. The biotechnology segment would further reach US$150 billion by 2025. Thus, with the flourishing growth in major industries such as food & beverage and pharmaceuticals, the demand for packaging applications of Low Migration Inks is growing and is anticipated to rise rapidly during the forecast period.
Low Migration Inks Market Segment Analysis – by Geography
Europe held the largest Low Migration Inks market share of up to 39% in 2021. The rising demand for low migration inks in this region is influenced by restrictions and policies on the usage of toxic printing inks for food packaging, labeling and others. The favorability of low migration inks due to their features such as negligible diffusion with the packaged products propels its demand in this region. According to the European Union Printing Inks Association (EUPIA), printing inks that are used in food packaging must abide by the GMP Regulation (EC) No. 2023/2006 and Framework Regulations (EC) No. 1934/2004. Furthermore, the food & beverage industry is growing rapidly in Europe due to factors such as high demand for packaged food items, increasing frozen food production and demand for ready-to-eat food. According to the Department for Environment Food & Rural Affairs, the gross value added by the food industry in the UK increased by 4.3% in 2019, following a 5.4% increase in 2018. The food sector increased by 49.4% between the years 2009 and 2019. According to Food Export, the retail sale of packaged food in Italy accounted for US$80.6 billion in 2020 and is projected to reach US$90.6 billion by 2025, an increase of 11.1%. With the booming growth in the food & beverage sector, the demand for low migration inks for various food packaging, labeling and other applications is significantly rising. Thus, the strong demand for Low Migration Inks for food & beverage in Europe is anticipated to boost the growth of the market in Europe during the forecast period.
Low Migration Inks Market Drivers
Flourishing Application In the Cosmetics & Personal Care Industry:
The Low Migration Inks are increasingly used in the cosmetics & personal care sector for their applicability in face care products, hair care, body care, hygiene products and others. The cosmetics and personal care industry is growing rapidly owing to growth factors such as rising demand for color cosmetics, hygiene & beauty trends and growing production for personal care products. For instance, according to the International Trade Administration, the beauty & personal care sector in Indonesia estimated revenues of US$7.5 billion in 2021, which is further projected to expand by 6.5% through 2025. According to the Indian Beauty & Hygiene Association (IBHA), the beauty and personal care sector in India was estimated to reach US$10 billion in 2021. According to the L’OREAL annual report 2021, the growth for beauty & cosmetics rose to 8.2% in 2021 after a decline of 8.1% in the year 2020. With the growth in cosmetics and personal care products including skin care, hair care, body care, hygiene and others across the globe, the applications of low migration inks for printing and labeling the cosmetic product substrate such as glass, containers, pouches and others are increasing. This is driving and offering major opportunities in the Low Migration Inks industry.
Rising Demand from the Pharmaceuticals Industry:
The Low Migration Inks have major demand in the pharmaceuticals industry due to their major application in rigid and flexible packaging, medications labeling, supplements packaging, printing and others. The pharmaceuticals sector is growing rapidly due to factors such as an increase in medical cases, advancements in drug delivery technologies and growth in healthcare infrastructure across the globe. According to the European Federation of Pharmaceutical Industries and Association (EFPIA), the total production of pharmaceuticals rose from 293,213 in 2019 to 310,000 in 2020. According to the National Investment Promotion & Facilitation Agency, the pharmaceuticals sector in India is expected to reach US$65 billion by 2024 and further expand to reach US$120-130 billion by the year 2030. With the increase in pharmaceuticals productions and growth in drug development, the demand for low migration inks for applications in printing and labeling medicines substrates such as metal tubes, glasses, containers and others is growing. This is acting as a driver for the market and offers major growth opportunities in the market.
Low Migration Inks Market Challenge:
High Costs Associated with Low Migration Inks:
The high costs associated with the Low Migration Inks over the conventional printing inks act as a major challenge in the market. The high prices of raw materials such as dyes & pigments, binders, photoinitiators and solvents affect the overall manufacturing of low migration inks and create a hindrance to the final product. For instance, IGM Resins announced the increase in prices for photoinitiators in November 2021. Due to factors such as high costs associated with low migration inks, various end-use industries prefer conventional printing inks for food and pharma applications. Thus, the Low Migration Inks market faces a slowdown and disruption in its growth.
Low Migration Inks Industry Outlook
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Low Migration Inks Market. The top 10 companies in Low Migration Inks Market are:
- Kao Corporation
- Sun Chemical Corporation
- INX International
- Zeller + Gmelin
- Huber Group
- Toyo Printing Inks, Inc.
- Epple Druckfarben AG
- Altana Group
- Marabu US Holding GmbH & Co. KG
- In April 2022, Toyo Printing Inks, Inc. announced that its LP-9000 TOYO LIFE PREMIUM FOOD LO/LM series of offset passed the INGEDE drinkability criteria. Therefore, it is suitable for food, cosmetic and pharmaceuticals applications.
- In September 2021, Gallus and Heidelberg developed the Labelfire UVLM ink series, which is suitable for food contact packaging. The UV curing technology of the Labelfire was optimized for the improvement of migration properties of the ink film.
- In July 2020, SCHELLING AG produced applications with low migration compliance for the food and pharma segment with the hybrid printing press, thereby boosting the growth prospects in the market
Report Code: CMR 1078
Report Code: CMR 0449
Report Code: CMR 80699
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