Global Low Migration Inks Market
The global low migration inks market was valued at USD 1.51 billion in 2016 and is projected to reach USD 3.20 billion by 2025, growing at a CAGR of 8.2% from 2017 to 2025.
Migration is the transfer of various components from the finished packaging to the food product. These components can originate from inks, adhesives, varnishes, coatings, substrate, or the environment. Often migration cannot be detected by odor or taste, but instead must rely upon chemical analysis to identify if any migration has occurred. Low migration inks are used in the packaging and labeling industries.
o Growing food packaging industry
o Growing application of inks and coatings in the packaging industry
o High manufacturing and processing costs
The global low migration inks market is segmented on the basis of process, end-use industry, and region.
Global Low Migration Inks Market, by Process:
Global Low Migration Inks Market, by End-Use Industry:
Food & Beverages
The major players in the market are as follows:
Sun Chemical Corporation
INX International Ink
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Low Migration Inks Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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