Low Migration Inks Market Expected to be Worth $2.72 Billion by 2022

MarketsandMarkets’ report, “Low Migration Inks Market by Process (Gravure, Flexography, Off-Set, Digital), End-Use Industry (Food & Beverages, Pharmaceutical, Cosmetics), and Region (North America, Asia Pacific, Europe, Rest of the World) – Global Forecast to 2022,” forecasts the low migration inks market reaching $2.72 billion by 2022 from $1.68 billion in 2016, at a CAGR of 8.4% during the forecast period.
 
Low migration inks are majorly used in the food and beverages end-use industry for packaging and labeling applications. This demand is increasing owing to the regulations regarding the use of inks for packaging and labeling, especially from the regions such as Europe and North America. In addition, the growing concern for migration in pharmaceuticals is also expected to raise the demand for these inks for packaging and labeling pharmaceuticals.
 
The flexography process segment is expected to grow at the highest CAGR during the forecast period. The gravure printing process was widely used but the trend is expected to change during the forecast period. The flexography process is dominant in regions such as North America, Europe and South America. This is owing to its printability on substrates such as plastic, metal, and paper, among others.
 
Flexography is best suited for packaging applications. Due to this, the demand for low migration inks for flexography is expected to grow. The digital printing segment is also expected to account for significant demand for low migration inks during the forecast period.
 
The food and beverages end-use industry accounts for the largest share and this trend is expected to continue during the forecast period. Various regulations for labeling and packaging on food and beverages industry require low migration inks over conventional inks.
 
Europe is the largest market for low migration inks, in terms of both value and volume, and is expected to be the fastest growing market during the forecast period.