Low Migration Inks Market by Process, End-Use Industry And Region - Global Forecast to 2022
LONDON, Nov. 8, 2017 /PRNewswire/ --
"The low migration inks market is projected to grow at a CAGR of 8.4% during the forecast period, in terms of value."
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The low migration inks market is projected to reach USD 2.72 billion by 2022 from USD 1.82 billion in 2017, at a CAGR of 8.4% from 2017 to 2022. The growth of this market is attributed to the rising awareness regarding the migration of inks, which is undesirable. Owing to this, various regulatory bodies have come up with legislations and norms regarding the use of inks and its migration limits. These are especially stringent for food & beverages application. The increasing regulations for the migration of inks in regions such as Europe and North America are expected to drive the market for low migration inks. Emerging countries such as India and Brazil are considered price sensitive markets, and thus, they prefer using cheaper alternatives. The high cost of low migration inks over conventional inks acts as a restraint for this market.
"The gravure printing process segment had the largest market share in 2016."
The gravure process printing segment had the highest market share in 2016. This high share is attributed to its advantage of high volume printing. This process is a high-speed process and is capable of printing continuous tone image. Consistent print quality is another advantage of this type of process. The gravure printing process is widely used in the Asia Pacific region. Owing to this, the demand for low migration inks was high for this process.
"Europe is expected to be the fastest growing market for low migration inks during the forecast period."
The European region is expected to be the fastest growing market and is also expected to have the highest market share of the low migration inks during the forecast period. This is owing to the presence of major players in this region such as Siegwerk, Flint, Agfa-Gevaert, Huber Group, and ALTANA. Expansions, acquisitions, collaborations, and new product launches undertaken by these players for the development and commercialization of low migration inks are fueling the market growth in this region. The growth is also expected to be driven by the stricter norms and regulations for packaging and labeling of food, beverages, pharmaceuticals, and cosmetics in this region.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted as follows:
• By Company Type: Tier 1 (43%), Tier 2 (43%), and Tier 3 (14%)
• By Designation: C Level (42%), D Level (29%), and Others (29%)
• By Region: North America (43%), Europe (29%), Asia Pacific (14%), Middle East & Africa (8%), and South America (6%)
Key players profiled in the report include Sun Chemical Corporation (US), Flint (Luxembourg), hubergroup Deutschland (Germany), Siegwerk Druckfarben (Germany), and TOYO INK. (US). Other key players include Agfa-Gevaert (Belgium), ALTANA (Germany), epple Druckfarben (Germany), INX International Ink. (US), Durst (Italy), RUCO Printing colors (Germany), ZELLER + GMELIN (Germany), Hapa (Switzerland), Jänecke+Schneemann Druckfarben (Germany), Kao Collins Inc. (Japan), T&K TOKA (Japan), Nazdar (US), Marabu (Germany), Epson (Japan), KAO CHIMIGRAF (Japan), SPGPrints (Netherlands), HP (US), FUJIFILM (Japan), Inks Dubuit (France), and Wikoff Color Corporation (US).
Research Coverage
This report covers the low migration inks market, in terms of volume and value, and forecasts the market size till 2022. The report includes market segmentation based on process, end-use industry, and region. It also provides company profiles and competitive strategies adopted by key players in the low migration inks market.
Key Benefits of Buying the Report:
This research report is focused on various levels of analysis—industry trends, market share analysis of key players, supply chain analysis, and company profiles, which together comprise and discuss the overall views on the competitive landscape; emerging and high-growth segments of the low migration inks market; high-growth regions; and market drivers, restraints, opportunities, and challenges.
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