|
Forecast
Period
|
2024-2028
|
|
Market
Size (2022)
|
USD2.45 billion
|
|
CAGR
(2023-2028)
|
6.38%
|
|
Fastest
Growing Segment
|
Flexography
Process
|
|
Largest
Market
|
Europe
|
Market Overview
Global
Low Migration Inks Market has valued at USD2.45 billion in 2022 and is
anticipated to project robust growth in the forecast period with a CAGR of 6.38%
through 2028. Low migration inks are specialized inks that are specifically
designed to minimize ink migration in specific packaging conditions, such as
cosmetics, personal care products, pharmaceuticals, and food and beverages.
These inks are formulated to reduce the risk of ink contamination in the
packaged products or contents when they come into contact with conventional
inks. Factors such as external gases or heat exposure, water contamination, and
moisture can cause ink migration, where the ink printed on the substrates
transfers to the other side. The high utilization of low migration inks in
various applications, including food and beverages, cosmetics, and
pharmaceuticals, is driving the growth of the low migration inks market
globally. There is a growing awareness of the issues surrounding ink migration
in packaged food, cosmetics, and pharmaceutical products, which further
contributes to the market growth. Manufacturers are increasingly adopting low
migration inks due to regulations on printing inks aimed at protecting
consumers from potential health risks associated with contamination from
printed food materials and other substances. The demand for lightweight
packaging in the food and beverages industry also drives the low migration inks
market. Moreover, the implementation of
global food safety standards, the rapid growth of the packaged food and
beverages sector, increasing demand for cosmetics and personal care products,
rising awareness, changing lifestyles, and higher disposable income are all
factors positively impacting the low migration inks market. Additionally, the
growing utilization of low migration inks in the digital printing process and
the enforcement of stringent regulations on personal hygiene and cosmetics
products create profitable opportunities for market players in the forecast
period.
Key Market Drivers
Growing Demand of Low
Migration Inks in Food & Beverage Industry
The
global low migration inks market is experiencing a significant boost, primarily
driven by the increasing demand from the food and beverage industry. As health
and safety regulations become more stringent, there is a growing need for inks
that do not migrate or move from packaging materials into the product they
contain. This has led to a surge in demand for low migration inks, which are
specifically formulated to minimize the risk of unintentional transfer.
Low
migration inks are designed with specific ingredients that ensure the ink does
not seep through the packaging material into the food or beverage product.
These inks are carefully formulated to maintain stability under various
conditions such as heat, light, and moisture. The use of these inks is becoming
increasingly important in maintaining the safety and quality of packaged food
and beverages.
With
consumers becoming more health-conscious and regulatory bodies imposing
stricter guidelines on food safety, the food and beverage industry is under
immense pressure to use safe and compliant packaging materials. This has
significantly increased the demand for low migration inks. They are now
extensively used for printing on food packaging, labels, and wrappers to
prevent contamination and ensure product safety.
International
regulatory bodies, such as the U.S. Food and Drug Administration (FDA) and
European Food Safety Authority (EFSA), have established stringent guidelines
regarding the use of inks for food packaging. Low migration inks meet these
regulations, making them a preferred choice for companies looking to comply
with these standards.
In
conclusion, the growing demand for low migration inks in the food and beverage
industry is a key driver of the global low migration inks market. With the
rising health consciousness among consumers and stricter regulatory guidelines,
this demand is expected to continue, further propelling the growth of the
market. As the industry evolves and technology advances, low migration inks
will continue to play a vital role in ensuring the safety and integrity of
packaged food and beverages.
Growing Demand of Low
Migration Inks in Pharmaceutical Industry
The
global low migration inks market is experiencing significant growth, primarily
driven by the increasing demand from the pharmaceutical industry. As
regulations on pharmaceutical packaging become more stringent and concerns over
product safety continue to rise, there is a growing need for inks that do not
transfer from packaging materials into the products they contain, thus fueling
the rising demand for low migration inks.
Low
migration inks are specifically designed with ingredients that ensure the ink
remains stable and does not migrate or seep through the packaging material into
the pharmaceutical product. These inks are formulated to withstand various
conditions, including light, heat, and moisture. Their use has become
increasingly important in maintaining the safety and quality of packaged
pharmaceuticals.
With
patients becoming more health-conscious and regulatory bodies imposing stricter
guidelines on pharmaceutical safety, the industry is under immense pressure to
use safe and compliant packaging materials. This has significantly increased
the demand for low migration inks, which are now extensively used for printing
on pharmaceutical packaging, labels, and wrappers to prevent contamination and
ensure product safety.
International
regulatory bodies, such as the U.S. Food and Drug Administration (FDA) and
European Medicines Agency (EMA), have established stringent guidelines
regarding the use of inks for pharmaceutical packaging. Low migration inks meet
these regulations, making them the preferred choice for companies aiming to
comply with these standards.
In
conclusion, the growing demand for low migration inks in the pharmaceutical
industry serves as a key driver for the global low migration inks market. With
the rising health consciousness among patients and the implementation of
stricter regulatory guidelines, this demand is expected to continue, further
propelling the growth of the market. The use of low migration inks not only
ensures product safety but also contributes to the overall integrity of the
pharmaceutical packaging process.
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Key Market Challenges
Rise in Cost Considerations
Low
migration inks are specifically designed to minimize the risk of unintentional
transfer of inks from packaging materials into the products they contain,
ensuring the safety and quality of the packaged goods. These inks are
formulated with carefully selected ingredients that offer excellent stability
under various storage and transportation conditions. By incorporating advanced
technology and implementing stringent manufacturing processes, low migration
inks provide an effective solution to prevent ink migration, maintaining the
integrity of the packaged products.
However,
the production of low migration inks involves the use of advanced technologies
and rigorous testing procedures to ensure their safety and effectiveness. The
raw materials used in their formulation are often more expensive than those
used in conventional inks, as they need to meet strict regulatory requirements
and quality standards. These factors significantly contribute to the higher
production costs of low migration inks, which are then passed on to the end
consumers.
Furthermore,
the successful implementation of low migration inks requires specialized
equipment and trained personnel to handle and apply these inks correctly. The
additional operational costs associated with the use of specialized equipment
and trained staff can further contribute to the overall costs of using low
migration inks.
Despite
the growing demand for low migration inks driven by increasing consumer
awareness and regulatory requirements, the higher costs associated with their
use can pose a challenge to their widespread adoption, particularly for small
and medium enterprises (SMEs). The additional financial burden of using low
migration inks may limit the ability of SMEs to switch to these safer and more
reliable inks, hindering market growth and potentially affecting their
competitiveness.
In
conclusion, while low migration inks offer significant benefits in terms of
product safety and quality, their higher production costs and the need for
specialized equipment and training pose challenges for their widespread
adoption, particularly among smaller businesses. Efforts to address these
challenges and make low migration inks more accessible and affordable can
further promote their use and enhance consumer protection in various industries.
Key Market Trends
Growing Advancements in Ink
Formulations
In
recent years, the development of advanced ink formulations has emerged as a
major and influential trend in the low migration inks market. These
breakthrough advancements aim not only to improve the performance and safety of
low migration inks but also to ensure their compliance with the stringent
regulations imposed by food and drug administration’s worldwide.
The
latest formulations being developed are focused on enhancing the overall
performance of low migration inks by bolstering their resistance to various
environmental factors such as light, heat, and moisture. These factors play a
crucial role in maintaining the integrity and quality of the packaged products.
Moreover, the ongoing advancements in ink formulations are also dedicated to
improving printability, adhesion, and color strength, all of which are vital
aspects contributing to packaging aesthetics.
Safety
remains a paramount concern, particularly when it comes to product packaging
for consumables like food, beverages, and pharmaceuticals. Therefore,
significant strides are being made in formulating low migration inks by
employing safer and more sustainable ingredients. For instance, new
formulations are being developed with properties such as low-odor and low-VOC
(volatile organic compounds) characteristics, making them even safer for use in
packaging applications.
In
conclusion, the growing advancements in ink formulations represent a key and
transformative trend in the global low migration inks market. With a relentless
focus on continuous innovation and development, these advancements are poised
to further drive the growth of the market, offering not only safer but also
more effective and efficient solutions for product packaging.
Segmental Insights
Process Insights
Based
on the category of process, the flexography process segment emerged as the
dominant player in the global market for Low Migration Inks in 2022. The
flexography printing process is widely preferred over other printing methods
for several reasons. Firstly, it is known for its superior features, including
its economical nature, fast processing time, wide range of applicability, and
non-toxicity. Unlike other printing techniques, flexography utilizes flexible
plastics and rubber plates, allowing for high-quality imaging.
The
use of flexography extends to various packaging items such as paper and plastic
containers, metal foils, envelopes, tape, and more. This is primarily due to
its efficiency and cost-effectiveness. As a result, the demand for flexography
in bulk printing procedures continues to rise across industries.
With
its numerous advantages over alternative printing processes, the applicability
of flexography is steadily growing. As a result, the flexography segment is
expected to experience rapid growth during the forecast period. The combination
of its superior features, versatility, and robust demand positions flexography
as a leading choice in the printing industry.
End User Insights
The
others segment is projected to experience rapid growth during the forecast period.
The demand for low migration inks for packaging applications is experiencing
rapid growth due to their superior features, including negligible printing ink
transfer, maintenance of appearance and flavor, and excellent adhesion
properties. These advantages are driving the increased demand for low migration
inks across various industries, such as food and beverage and pharmaceuticals.
The
food and beverage sector, in particular, is witnessing significant growth,
fueled by the rising demand for packaged food items like ready-to-eat meals,
packaged dairy products, and packaged fruits and vegetables. This surge in
demand can be attributed to shifting lifestyles and consumer preferences. For
instance, according to the China Chain Store & Franchise Association, the
food and beverage sector in China reached a staggering US$595 billion in
revenue, reflecting a notable increase of 7.8% from 2018.
Moreover,
low migration inks also play a crucial role in the pharmaceutical industry,
where they find extensive applications in medication packaging, drug labeling,
and other related areas. The Indian Economic Survey 2021 predicts that the
domestic pharmaceutical market in India is set to reach an impressive US$65
billion by 2024, with the biotechnology segment projected to further expand to
US$150 billion by 2025.
With
the flourishing growth observed in major industries such as food and beverage
and pharmaceuticals, the demand for packaging applications utilizing low
migration inks is expected to continue its rapid rise throughout the forecast
period.
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Regional Insights
Europe emerged as the dominant player in
the Global Low Migration Inks Market in 2022, holding the largest market share
in terms of value. The rising demand for low migration inks in this region is
influenced by various restrictions and policies on the usage of toxic printing
inks for food packaging, labeling, and other applications. Governments and
regulatory bodies, such as the European Union Printing Inks Association
(EUPIA), have implemented stringent guidelines, like the GMP Regulation (EC)
No. 2023/2006 and Framework Regulations (EC) No. 1934/2004, to ensure the
safety and quality of printing inks used in food packaging. These regulations
have further emphasized the favorability of low migration inks due to their
features, such as negligible diffusion with the packaged products.
In addition, the food and beverage
industry in Europe is experiencing rapid growth, driven by factors like the
high demand for packaged food items, increasing frozen food production, and the
rising popularity of ready-to-eat food. According to the Department for
Environment Food & Rural Affairs, the gross value added by the food
industry in the UK witnessed a significant increase of 4.3% in 2019, following
a 5.4% increase in 2018. Moreover, the food sector in Europe has seen a
remarkable growth rate of 49.4% between the years 2009 and 2019.
As an example, the retail sale of
packaged food in Italy alone accounted for a staggering US$80.6 billion in 2020
and is projected to reach US$90.6 billion by 2025, representing an increase of
11.1%, according to Food Export. With the booming growth in the food and
beverage sector, the demand for low migration inks for various food packaging,
labeling, and other applications is significantly rising.
Therefore, the strong and steadily
increasing demand for low migration inks in the food and beverage industry in
Europe is anticipated to fuel the growth of the market in the region during the
forecast period.
Recent Developments
- In
April 2022, Toyo Printing Inks, Inc announced a significant development in
their LP-9000 TOYO LIFE PREMIUM FOOD LO/LM series of offset. This series has
successfully passed the INGEDE drinkability criteria, making it a suitable
choice for various applications in the food, cosmetic, and pharmaceutical
industries. With this achievement, Toyo Printing Inks, Inc has further
solidified its position as a reliable provider of high-quality ink solutions.
- In
September 2021, Gallus and Heidelberg collaborated to develop the Labelfire
UVLM ink series, a breakthrough in food contact packaging. The UV curing
technology used in the Labelfire has been meticulously optimized to enhance the
migration properties of the ink film. This innovation not only ensures the
safety and compliance of food packaging but also opens up new possibilities for
vibrant and eye-catching designs.
- In
July 2020, SCHELLING AG took a significant step forward by producing
applications with low migration compliance for the food and pharma segment.
Using their cutting-edge hybrid printing press, SCHELLING AG has not only met
the stringent requirements of the industry but also contributed to the growth
prospects of the market. This achievement underlines their commitment to
delivering safe and reliable solutions for the food and pharmaceutical sectors.
Key Market Players
- AGFA-Gevaert
NV
- Epple Druckfarben AG
- FUJIFILM Corporation
- HAPA AG
- HP Development Company, L.P.
- hubergroup Deutschland GmbH
- INX International Ink Co.
- Kao Collins Corporation
- Marabu GmbH & Co. KG.
- MHM Holding GmbH
|
By Process
|
By
End User
|
By
Region
|
- Flexography
Process
- Gravure
Process
- Offset
Process
- Digital
Process
|
- Food & Beverages
- Pharmaceutical
- Cosmetics & Personal Care
- Others
|
- North
America
- Europe
- Asia
Pacific
- South
America
- Middle
East & Africa
|
Report Scope:
In this report, the Global Low Migration Inks
Market has been segmented into the following categories, in addition to the
industry trends which have also been detailed below:
- Low Migration Inks Market, By Process:
o Flexography Process
o Gravure Process
o Offset Process
o Digital Process
- Low Migration Inks Market, By End User:
o Food & Beverages
o Pharmaceutical
o Cosmetics & Personal Care
o Others
- Low Migration Inks Market, By Region:
o North America
§ United States
§ Canada
§ Mexico
o Europe
§ France
§ United Kingdom
§ Italy
§ Germany
§ Spain
o Asia-Pacific
§ China
§ India
§ Japan
§ Australia
§ South Korea
o South America
§ Brazil
§ Argentina
§ Colombia
o Middle East & Africa
§ South Africa
§ Saudi Arabia
§ UAE
§ Kuwait
§ Turkey
§ Egypt
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global Low
Migration Inks Market.
Available Customizations:
Global Low Migration Inks Market report with the
given market data, Tech Sci Research offers customizations according to a
company's specific needs. The following customization options are available for
the report:
Company Information
- Detailed analysis and profiling of additional
market players (up to five).
Global Low Migration Inks Market is an upcoming
report to be released soon. If you wish an early delivery of this report or
want to confirm the date of release, please contact us at [email protected]