Impact Analysis of Covid-19
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
Market Analysis:
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.
Market Definition:
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.
Market Dynamics:
Market Drivers
o Growing food packaging industry
o Growing application of inks and coatings in the packaging industry
Market Restraints
o High manufacturing and processing costs
Market Segmentation:
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:
Gravure
Flexography
Off-Set
Digital
Global Low Migration Inks Market, by End-Use Industry:
Food & Beverages
Pharmaceuticals
Cosmetics
Competitive Landscape:
The major players in the market are as follows:
Sun Chemical Corporation
Siegwerk Druckfarben
Toyo Ink
Flint
Agfa-Gevaert
Altana
Hubergroup Deutschland
Epple Druckfarben
INX International Ink
Zeller+Gmelin
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.
To know more about the Research Methodology of Verified Market Intelligence and other aspects of the research study, kindly get in touch with our sales team.
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