The low migration inks market is projected to reach USD 2.72 billion by 2022, at a CAGR of 8.4% from 2017 to 2022. The use of low migration inks in industries such as food & beverages, pharmaceuticals, and cosmetic packaging and labeling is driving the growth of the low migration inks market. The demand for low migration inks is majorly for packaging and labeling for food and beverages.
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The European region led the low migration inks market owing to the presence of players such as Siegwerk Druckfarben, Flint, Agfa-Gevaert, ALTANA, Huber, epple, and ZELLER + GMELIN, among others. This region is expected to witness the highest CAGR in terms of value as well as volume, owing to the increasing regulations in this region for packaging and labeling for food & beverages end-use industry. Currently, the European Union comprises 28 member states (including the UK), and the legislation on food packaging materials is applicable to each member state. Furthermore, the regulatory agencies are encouraging the pharmaceutical companies to solve the issue of migration by using low migration inks.
Based on end-use industry, the food & beverages segment is projected to grow at the highest CAGR between 2017 and 2022, in terms of both value and volume. This growth is mainly attributed to the increasing regulations for food & beverage packaging and labeling. The regulations for migration limits for ink from various regulatory bodies are expected to drive the demand for low migration inks in this segment.
Based on process, the flexography segment is projected to grow at the highest CAGR, in terms of both value and volume during the forecast period. This growth is mainly attributed to its advantages such as it can be used for printing on paper, metal, plastics, and other materials. This process is majorly used for packaging and labels.
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The rising concern for migration of conventional inks in end-use industries such as food & beverages, pharmaceuticals, and cosmetics is expected to drive the demand for low migration inks over the conventional inks. There are legislations in place for packaging and labeling in the European Union member states, the US, Switzerland, Canada, Australia, Germany, China, and Japan, among others. Some of the regulatory bodies in these countries have set migration limits for inks. Owing to these regulations, there is an expected demand for low migration inks over conventional inks, which tends to migrate.
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