Market Trends of Low Migration Ink Industry
This section covers the major market trends shaping the Low Migration Ink Market according to our research experts:
Significant Growth in Food and Beverage Industry
- Rapid growth of the food & beverage industry, which is the major application of low migration inks is anticipated to boost the market growth. The food & beverage industry comprises of companies operating in processing raw food materials, packaging, and distribution which includes prepared foods and packaged foods, coupled with alcoholic and non-alcoholic beverages.
- Low migration inks are extensively utilized in the branding and labelling of packaged food items because of its characteristics to restrain the undesired ink from affecting the eatables. The migration can happen either in gaseous or physical state that can affect the safety, odor, appearance, or taste of the food item.
- Several regulations for labeling and packaging of food & beverages need low migration inks over conventional inks. Owing to stringent regulations laid over, the printing manufacturers are now transitioning towards low migration inks. Presence of regulatory policies and compliances and their stringency pertaining to the usage of low migration inks in food & beverages over conventional inks is expected to propel the market growth.
- The key factors for the surge of the food & beverage industry before COVID-19 pandemic includes the increase in the number of on the go buyers and increased adoption of ready to eat food. In addition, steadily increasing population and per capital income and changing lifestyle are other growth enhancing factors of the food & beverage industry.
Understand The Key Trends Shaping This Market
Download Sample
Europe Region to be the Fastest Growing Market
- Europe is projected to be the fastest market for low migration inks during the period. This growth is attributable to the increasing demand for these inks from the end-user industries like food & beverage, personal care, and pharmaceuticals in this region. Stringent policies and regulations on food & beverages industry is expected to surge the demand for low migration inks in the region.
- A shift in consumer buying preferences towards flexible and lightweight packaging solutions is also expected to drive sturdy demand for low migration inks.
- Furthermore, strict regulations laid down by European Carton Makers Association (ECMA), European Food Standard Agency (EFSA), and European Printing Ink Association Member of CEPE (EuPIA) in the developed regions are expected to boost the demand for low migration inks in the region.
- For instance, Switzerland has a law named as Ordinance of the FDHA on Materials and articles. This states that all raw materials for low migration inks in the food packaging has to be listed and comply in accordance with Specific Migration Limits (SMLs).
- Due to the aforementioned factors, the demand for low migration inks is expected to increase in the region during the forecast period
Get Analysis on Important Geographic Markets
Download Sample
