Press release
Low Migration Inks Market by Key Players are: Sun Chemical Corporation, Siegwerk Druckfarben, Hubergroup Deutschland, Flint, Inx International Ink, Toyo Ink Europe, Zeller+Gmelin, Altana, Ruco Printing Inks, Wikoff Color Corporation and KAO Collins
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According to International Federation of Pharmaceutical Manufacturers & Associations (IFPMA), North America made a substantial investment in pharmaceutical R&D, which was valued more than USD 115.0 billion in 2016, and this might increase in the coming years, and may influence the low migration inks market growth over the forecast period.
Low Migration Inks Market size is projected to grow at a high CAGR over the forecast timeframe. Strong product demand across food & beverage industry is a major factor contributing substantially to the growth of low migration inks market size over the projected timespan. This is mainly attributed to stringent regulations imposed on packaging and labelling in the food & beverage industry, as undesirable passage of chemicals/ink from printed side to the non-printed side can impose serious harm to the human health.
High product cost and limited availability of raw materials are the major factors which are likely to hamper the overall low migration inks market size during the forecast timespan. However, rising product demand in digital printing process will help generate further opportunities for low migration inks market size over the forecast time.
Based on the end-user industry, low migration inks market size can be segmented into food & beverage, cosmetics, and pharmaceutical, end-user industries. Food & beverage industry contributed a significant share of the overall market in 2016. This is primarily due to improving health concerns mainly in Asia Pacific which has resulted in formulation of stringent regulations against packaging & labelling across food industry to avoid contamination caused by chemical/ink migration. On the other hand, product consumption in pharmaceutical industry is also increasing, as the use of low migration ink labelling improves the drug safety. For instance, U.S. FDA developed guidelines for pharmaceutical manufacturers in 1999 to produce packaging components which will not leach harmful or undesirable substance to a patient when exposed or treated. These factors will collaboratively influence the growth of low migration inks market over the entire forecast timeframe.
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Top key players:
Major market share contributors are Sun Chemical Corporation, Siegwerk Druckfarben, Hubergroup Deutschland, Flint, Inx International Ink, Toyo Ink Europe, Zeller+Gmelin, Altana, Ruco Printing Inks, Wikoff Color Corporation and KAO Collins. Most of these players are making significant investment in their R&D facilities to launch new products. For instance, Sun Chemical Corporation launched new high-performance UV flexo inks in May 2017, to meet the next generation customer requirement.
Market share calculation in this report is not done based on companies covered in it. The calculation of Low Migration Inks Market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
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