Low Migration Inks Market - Global Forecast to 2022

12/07/2019

The low migration inks market is projected to reach USD 2.72 billion by 2022, at a CAGR of 8.4% from 2017 to 2022. The use of low migration inks in industries such as food & beverages, pharmaceuticals, and cosmetics packaging and labeling is driving the growth of the low migration inks market.

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Key companies operating in this market 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), and INX International Ink. (US).

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New product developments, collaborations, expansions, acquisitions, and partnerships are the key strategies adopted by leading players in this market to strengthen their geographic reach and product portfolio. These players are focused on increasing their product portfolio for different printing processes, thereby addressing the growing demand for low migration inks from various industries such food & beverages, pharmaceuticals, and cosmetics.

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Siegwerk Druckfarben is engaged in new product launches to provide innovative and advanced solutions to its customers across the globe. The company has launched Sicura Nutriflex LEDTec ink series. These inks can be used for rigid packaging, tags, and trays. These inks are suitable for shrink sleeves on PET bottle for mineral water, dairy products, soda bottles, fruit drinks, ice cream, margarine and sauces, among others. On May 4, 2017, the company collaborated with Werner & Mertz for their Cradle-to-Cradle Ink project, which aims at making sustainable printing ink. Together they developed a low migration printing ink range. In addition, the company has opened subsidiaries in the Netherlands and China to expand its geographical reach.

Sun Chemical Corporation launched a low migration ink market under its brand SolarFlex FSP on April 4, 2017. These inks offer an upgrade on the low migration inks previously launched in the UV Flexo product range. These low migration inks can be used for label and packaging applications for pharmaceuticals, food, tobacco, cosmetics, and personal care. Sun Chemical Corporation offers low migration inks under SunJet LM inkjet solution, SolarFlex, and SunPak LMQ.