The low migration inks market size is projected to be worth USD 1.4 billion in 2023. The market is likely to surpass USD 2.8 billion by 2033. It is expected to showcase growth at an impressive CAGR of 6.9% during the forecast period.
Low migration inks are formulated in such a way that they do not leach from the substrate into the product which is in contact with it. This valuable feature might open up a wide array of opportunities for these inks.
Such an attribute can be utilized in several versatile sectors. A few of these include food, beverage, medical, and pharmaceuticals, where there exists a high risk of infirmity due to contamination.
There are strict regulations in place to ensure that food packaging materials do not contain harmful chemicals or substances that can migrate into the food. Low migration inks are specially formulated to comply with these regulations.
These inks are designed to prevent the migration of ink components into food or beverage products. Stringent norms are hence expected to drive low migration ink sales by 2033.
Consumers are becoming more conscious about the safety and quality of the food they consume. They are more likely to choose products that are packaged with materials that do not pose a risk to their health. Low migration inks are seen as a safer and healthier option, which is bolstering their demand.
Brand owners are increasingly aware of the importance of protecting their brand image and reputation. Use of low migration inks can help to ensure that their products are compliant with new regulations. These inks also do not pose any health risks if applied, thereby augmenting demand.
Demand for sustainable packaging solutions is growing due to concerns over the environmental impact of packaging waste. Low migration inks are often used in conjunction with eco-friendly packaging materials such as paper or cardboard. These can help to create a fully recyclable or biodegradable packaging solution, further boosting sales.
Creation of new ink formulations and technologies has led to the development of low migration inks that offer better performance and print quality. This has further increased their popularity among packaging manufacturers and printers, which would accelerate the market.
Attributes | Key Insights |
---|---|
Low Migration Inks Market Estimated Size (2023E) | USD 1.4 billion |
Projected Market Valuation (2033F) | USD 2.8 billion |
Value-based CAGR (2023 to 2033) | 6.9% |
Exclusive Offer: 30% Off on Regional Reports
Get a free sample report and customize your regions for a 30% discount on your regional report!
From 2018 to 2022, the global low migration inks industry witnessed a decent CAGR of 4.4%. This growth was attributed to rising awareness of the chemicals in primary packaging percolating into contents.
Demand for safe, uncontaminated, and hygienic products across various industries led to widespread adoption of low migration inks. Implementation of stringent regulations pertaining to the use of harmful chemicals by governments further propelled growth.
The global market is expected to rise at a CAGR of 6.9% from 2023 to 2033. By the end of 2033, the market size is anticipated to reach USD 2.8 billion.
The global market is expected to continue its positive growth trajectory from 2023 to 2033. It is likely to be driven by increasing concerns over uncontaminated and safe products, especially for food consumables.
Growth of the food, beverages, and food service sectors has paved the way for an increased demand for low migration inks. Their inability to permeate into the product, which is in contact with the packaging is likely to propel demand.
The market is also expected to witness significant growth in Asia Pacific due to the presence of developing economies such as China and India. However, growth of existing players might be hindered by emergence of new manufacturers in this region.
Challenges for Low Migration Inks Manufacturers/Companies:
Upcoming Opportunities in the Low Migration Inks Industry:
Latest Low Migration Inks Market Trends:
United States-based Food Retailers to Look for Low Migration UV Inks
Country | The United States |
---|---|
Estimated Market Size (2033E) | USD 471.3 million |
CAGR (2023 to 2033) | 5.4% |
The United States low migration inks industry size is anticipated to surpass a valuation of USD 471.3 million by 2033. It is likely to flourish at a CAGR of 5.4% from 2023 to 2033.
As low migration inks are increasingly being used to print on pharmaceutical packaging, their demand is expected to witness steady growth in the country. The United States is home to one of the largest pharmaceutical markets in the world. It also houses numerous food retailers, further fueling low migration ink sales in the country.
Government-led Awareness Programs in China to Push Sales of Low Migration Inks and Coatings
Country | China |
---|---|
Estimated Market Size (2033E) | USD 294.5 million |
CAGR (2023 to 2033) | 7.5% |
China low migration inks market is estimated to exceed a valuation of USD 294.5 million by the end of 2033. It is set to expand 2.2 times its current market size in the forecast period.
The country is considered to be one of the top food manufacturers in the world. Demand for low migration inks in China is projected to skyrocket with rising awareness among millennials about food safety. Government agencies are also creating awareness programs to mitigate migration of toxic substances from primary packaging into foodstuff.
Flexographic Ink Companies to Experience High Demand and Sales through 2033
Based on printing process, the flexography segment is expected to witness a CAGR of 6.5% during the forecast period. Flexography printing offers high-quality print results, especially for packaging materials such as labels, bags, and cartons.
Low migration inks used in flexography printing have low levels of harmful chemicals that can migrate into food or other products. They are hence considered to be safe for use in food packaging and other sensitive applications.
Flexography printing also uses water-based inks that are more environmentally friendly than traditional solvent-based inks. This feature would make it a popular choice among consumers who are increasingly concerned about the environmental impact of products they buy.
Use of UV Curable Inks to Skyrocket with Surging Need for Long-lasting Prints
The UV curable inks segment by product type is anticipated to offer lucrative growth opportunities to low migration ink companies. It is set to expand 1.9 times from 2023 to 2033.
UV curable ink dries almost instantly when exposed to UV light. This feature makes it ideal for high-speed printing processes.
UV curable ink is also highly resistant to fading, smudging, and water damage. These properties would make it suitable for printing on outdoor signage, vehicle wraps, and other applications that require long-lasting prints.
UV curable ink is free from volatile organic compounds (VOCs) and does not emit harmful odors or fumes. It is also energy-efficient since it requires less drying time compared to other inks.
UV curable ink can hence be used on a wide range of substrates, including plastic, metal, glass, and paper. It can be utilized on non-porous materials, which makes it appropriate for printing on packaging and labels.
Strict Safety Norms to Augment Demand for Low Migration Food Packaging Inks
Based on end use, the food segment is expected to lead the global low migration inks industry in the assessment period. The segment is likely to expand at a CAGR of 7.1% from 2023 to 2033, finds Future Market Insights (FMI).
Growth of international trade in the food industry has led to increased need for packaging materials that comply with regulations in multiple countries. Low migration inks can be a preferred option as they meet the strictest food safety standards worldwide.
Long transportation times and varying climatic conditions in the food supply chain are set to result in rising demand for new packaging. Low migration inks are designed to maintain their integrity and stability under a variety of conditions, which would propel sales.
Modern consumers are becoming more aware of food safety. They are increasingly demanding products that are safe and free from harmful chemicals. This has led to a growing demand for low migration inks, which are considered safer for use in food packaging.
Check Free Sample Report & Save 40%!
Select your niche segments and personalize your insights for smart savings. Cut costs now!
The low migration inks market is highly competitive, with several players striving to gain a larger market share. In such a scenario, key players must adopt effective strategies to stay ahead of the competition.
Product Innovation
Low migration ink manufacturers are investing heavily in their research & development facilities. They aim to offer ink solutions with a much lower ability to seep into packaged contents.
Strategic Partnerships and Collaborations
Key players are set to form strategic partnerships to collaborate with other competitive companies. They are focusing on enhancing their strengths and cater to a larger share of industries. Such collaborations would also allow them to gain access to or develop new technologies that might further bolster their sales.
Expansion into Emerging Markets
The global market is exhibiting speedy growth in emerging economies such as India and China. Renowned players are increasing their presence in such markets by opening local operational facilities and expanding their distribution networks.
Key Developments in the Low migration Inks Market:
Attribute | Details |
---|---|
Estimated Market Size (2023) | USD 1.4 billion |
Projected Market Valuation (2033) | USD 2.8 billion |
Value-based CAGR (2023 to 2033) | 6.9% |
Forecast Period | 2023 to 2033 |
Historical Data Available for | 2018 to 2022 |
Market Analysis | Value (USD billion) and Volume (tons) |
Key Regions Covered | North America; Latin America; Western Europe; Eastern Europe; Central Asia; Balkan and Baltics Countries; Russia and Belarus; East Asia; South Asia and Pacific; and the Middle East and Africa. |
Key Countries Covered | United States, Canada, Germany, United Kingdom, France, Italy, Spain, Russia, China, Japan, South Korea, India, Australia & New Zealand, Gulf Cooperation Council Countries, Türkiye, and South Africa |
Key Segments Covered | Source, Product Type, Printing Process, End Use, and Region |
Key Companies Profiled | INX International Inks Co.; Birla Carbon; Marabu GmbH and Co. Kg; Sun Chemicals; Huber Group; Kao Collins Inc.; Siegwerk AG & Co. KGaA; Hapa AG; Epple Druckfarben AG; Nazdar Ink Technologies; Durst Group AG |
Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The market is valued at USD 1.4 billion in 2023.
High awareness among millennials about food safety increases the demand in China.
The market is expected to reach USD 2.8 billion by 2033.
The growth potential of the market is 6.9% through 2033.
China is expected to record a CAGR of 7.5% through 2033.
Estimated Size, 2024 | USD 362.1 million |
---|---|
Projected Size, 2034 | USD 488.3 million |
Value-based CAGR (2024 to 2034) | 3.0% |
Market Value for 2024 | USD 3.2 billion |
---|---|
Market Value for 2034 | USD 4.0 billion |
Market CAGR (2024 to 2034) | 2.3% |
Expected Market Value (2023) | USD 18,666.50 million |
---|---|
Anticipated Forecast Value (2033) | USD 30,696.45 million |
Projected Growth Rate (2023 to 2033) | 5.1% CAGR |
Market Value (2023) | USD 7.0 billion |
---|---|
Market Projected Value (2033) | USD 11.6 billion |
Market CAGR (2023 to 2033) | 5.2% |
Explore Printing Technology Insights
View ReportsThank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.