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2022
Food Grade Inks Market

Food Grade Inks Market by Product Type (Water Based, Solvent Based, Sublimation, UV, and Others), Printing Type (Inkjet Printing, Sheethed litho Printing, Gravure Printing, Flexo Printing, Screen Printing, Letterpress Printing, and Others), and Application (Food and Beverages, Supplements and Neutraceuticals, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030.

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Jul 2022 | 179 Views
   
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COVID-19

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Printing inks used for food packaging are known as food grade inks. These inks are manufactured by using colorants, solvents, and additives. Food grade inks need to be safe for human consumption after direct food contact. These inks need to comply with food safety standards. Food grade inks are selected based on various factors such as organoleptic properties as well as migration of materials. Food grade inks are manufactured in accordance with the legal requirements of a country. Various factors are considered during the manufacturing of food grade inks. These include food storage conditions, content of packed food, and use of the food. However, meeting regulatory standards on a constant basis is a major restraint for the market.

Market scope and Structure Analysis

Report Metric

Detail

Market size available for years  

  2020-2030

  Base year considered

  2020

  Forecast period

  2021-2030

 Forecast unit

  Value (USD)

 Segments Covered

  Product Type, Printing Type, and Application

  Companies Covered

Flint Group, InkJet, Inc., Sakata Inx (India) Private Limited, Siegwerk, Independent Ink Inc., Sun Chemical, Kao Collins Corporation, Squid Ink, Needham Inks Ltd, Colorcon

 

Covid-19 Impact Analysis 

  • The coronavirus's unfavorable global effects are already evident, and they will have a big impact on the food grade inks in 2020.
  • The World Health Organization has declared a public health emergency after the COVID-19 virus outbreak in December 2019. The disease has spread to over 100 nations and resulted in massive deaths all across the world. Exports & Imports, global manufacturing, tourism, and financial sectors have all been heavily damaged.
  • The downward pressure on the global economy, which had previously shown signs of improvement, has escalated once more. The outbreak of the virus has added danger factors to the international economy's already sluggish development. Many international groups have stated that the global economy is experiencing its most difficult moment since the financial crisis.
  • The lockdown has resulted in hampering the imports and exports of various goods. Also, the uncertainty created in the market in the consumers’ buying pattern has resulted in hampering of the food grade inks market.


Top Impacting Factors

Food Grade Inks have become popular in the food packaging industry due to evolving technologies and changing regulations. There has been continued evolution of newer materials due to changing consumer dynamics, food manufacturers’ demands and increasing regulations to enhance food safety. This scenario has resulted in increasing cost of materials and increasing overall production cost, which also reflects in the market value of food grade inks. Changing consumer preferences have resulted in improved developments in food packaging, which is also driving the growth of the food grade ink market. Specific guidelines framed by the EuPIA mandate that the raw materials must be selected as per the EuPIA guidelines, packaging design and food type.

Market trends

  • Rise in Demand for Food Grade Inks in Food Industry has bolstered the market growth.
  • Increase in demand for food safety and changing consumer preference for packaged food have boosted the consumption of food packaging. This is propelling the demand for food grade inks. Food ingredients interact with packaging and printing inks during handling, storage, and cooking. Appropriate usage of food grade inks is important to minimize the risk of contamination. Food grade inks must be examined and tested for every food product, as every food and food packaging is different. There are no ‘FDA approved inks’ available in the market. However, a list of food-grade chemicals used for inks that are employed for food packaging is available.
  • The dispersing & wetting agents segment dominate the ink additives market and is projected to be the fastest-growing type, thus helping in the market growth.
  • In terms of type, dispersing & wetting agents accounted for the largest share of the market, globally. Both these categories of additives provide several advantages. Dispersants help to stabilize the suspension of pigments in varnish. They assist in the dispersion of fine solid particles in the liquid phase. Whereas, wetting agents reduce the surface tension and improve pigment dispersion. High surface tension makes it difficult to wet the surface of substrates properly. Proper wetting of substrate is necessary for achieving excellent print quality, as when the surface is properly wet, the liquid spreads over the substrates evenly without forming droplets.
  • New technologies and developments is helping the market to expand.
  • Solvent-based technology is used globally owing to its low cost. Solvents used during the process evaporates very easily owing to its high volatility and hence imposes minor problem with regard to migration of the ink on the substrate. Major manufacturing companies are focusing on all solvent-based products for gravure and flexographic processes. Water-based technology is preferred over solvent-based in developed countries such as the US and Germany, where there are stricter regulatory norms to follow. Solvent-based ink additives are still very common in economies such as China, India, Brazil, and Southeast Asia countries. The absence of stricter regulations benefits this technology in these regions.

Key Benefits of the Report

  • This study presents the analytical depiction of the food grade inks industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the food grade inks market share.
  • The current market is quantitatively analysed from 2020 to 2030 to highlight food grade inks market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed food grade inks market analysis based on competitive intensity and how the competition will take shape in coming years

Questions answered in the Food Grade Inks Market Report

  • Who are the leading market players active in the Food Grade Inks market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
    • What is “Food Grade Inks “?
    • What does “Food Grade Inks " allow organizations to achieve?
    • Which technologies combine to make “Food Grade Inks “a critical organizational asset?
    • What is " Food Grade Inks” Market prediction in the future?
    • Who are the leading global players in the “Food Grade Inks” market?
    • What are the current trends and predicted trends?
    • What are the challenges faced in the “Food Grade Inks” Market?
    • What are the key benefits of the “Food Grade Inks “Market report?
    • What will be the anticipated growth rates for your own Food Grade Inks Market economy altogether and for every segment inside?
    • What are the driving factors and opportunities in the market?            

Key Market Segments

Segments Sub-segments
By Product type
  • Water Based
  • Solvent Based
  • Sublimation
  • UV
  • Others
By Printing Type
  • Inkjet Printing
  • Sheethed litho Printing
  • Gravure Printing
  • Flexo Printing
  • Screen Printing
  • Letterpress Printing
  • Others
By Application
  • Food and Beverages
  • Supplements and Neutraceuticals
  • Others
By REGION
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA


Key Market Players

  • Flint Group
  • InkJet, Inc.
  • Sakata Inx (India) Private Limited
  • SiegwerkI
  • ndependent Ink Inc.
  • Sun Chemical
  • Kao Collins Corporation
  • Squid Ink
  • Needham Inks Ltd
  • Colorcon


Other Key Market Player

  • Independent Ink Inc.
  • Digital Ink Technologies Pty Ltd
 
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