Q. What is low migration inks market size in 2028?
What is low migration inks market size in 2028?
A new report has been published by Stratview Research, titled, “Low Migration Inks Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2022–2028.” The experts authoring this report have made an effort at providing in-depth information on leading growth drivers, restrictions, challenges, current and upcoming trends, and opportunities to offer a comprehensive assessment of the Low Migration Inks Market. Users can use the analysis included in this report to plan effective growth strategies and prepare for future challenges beforehand.
Market Insights
The low migration inks market was estimated at USD 286.44 million in 2021 and is likely to grow at a CAGR of 7.44% during 2022-2028 to reach USD 476.08 million in 2028.
Growing consumption of packaged food and the requirement for securing these food products from getting blended with the printed inks on food packets, and the growing demand for light packaging of food materials accompanied by increasing usage of low migration inks for the labeling of various products such as pharmaceuticals, alcohol bottles, cosmetics are the considerable factors fueling the growth of the market during the forecast period.
Low migration inks are formulated without the use of raw materials that have been recognized as a material that can pass through any substrate and can cause damage to the flavor, odor, appearance, safety, or taste of the products enclosed within the package. This ink is widely used in the food and beverage industry owing to its exceptional ink-restraining features.