Light-Changing Packaging Inks Market: Overview, Data Updates, Reports Analysis & Forecast | FMI

ByNiranjan karde

The market for light-changing packaging inks is anticipated to grow throughout the projected period, from US$ 9,500 Mn in 2022 to US$ 15,470 Mn in 2032. Between 2022 and 2032, it is predicted that sales of packaging inks that change color under the light will increase by 5% CAGR. The following are significant growth drivers for the market for light-changing packaging inks:

The need for light-changing packaging ink has increased in the food and beverage, cosmetics, healthcare, and other end-use industries, which is anticipated to drive market expansion globally.
Additionally, it is predicted that growing consumer desire for packaging that is more useful and environmentally friendly will likely help the global industry.

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Light-Changing Packaging Inks Market: Market Dynamics

The major factors which are driving the growth of light-changing packaging ink market are growing packaging ink market, flexible packaging and narrow web and labels market. Moreover, increasing disposable income and growing usage of light-changing packaging inks in food & beverage industry are boosting the demand for light-changing packaging Inks in a market.

Also, light-changing packaging inks remain to be a growth factor for ink and printers manufacturers, with particularly strong opportunities in low migration inks for flexible packaging, food packaging, energy narrow and curing label and the web. The overall light-changing packaging ink markets are expanding globally, as flexible packaging markets with pouches, bags and with surface and lamination designs are growing at faster pace. Currently, with the packaging industry growing rapidly, brand owners are looking for new advanced technologies which can differentiate their products in the competitive market.

Light-changing packaging ink manufacturers are introducing new differentiated and more attractive packaging products for the industry. On the other hand, the major factors which are restraining the growth of light-changing packaging ink market are high operating cost and decline in ink manufacture industry.

Light-Changing Packaging Inks Market: Regional Outlook

By geography, the light-changing packaging inks market is segmented into five regions including North America, Latin America, Europe, Asia-Pacific and the Middle East & Africa. The light-changing packaging inks market is expected to register significant CAGR during the forecast period. North America is experiencing a rapid increase in the production capacity of light changing ink packaging market, as photochromic inks manufacturers are growing in the region.

The Europe light-changing packaging inks market is projected to register healthy growth as flexible packaging market is growing. Also, the inclination of consumers toward new color changing technology for food & beverages products is driving the growth of light-changing packaging inks market in Europe. Moreover, Asia-pacific accounted for significant market share in the light-changing packaging inks, as inks and printing market in the region is growing with rising demand for light-changing inks in food & beverages industry. The demand for the light-changing packaging inks is comparatively high in US and Canada due to increasing due to rising disposable income and growing flexible packaging industry.

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Light-Changing Packaging Inks Market: Key players

Some of the few player’s global light-changing packaging inks are CTI, Videojet Technologies, Inc., Sun Chemical Group, and many others. The top leading players of light-changing packaging inks market are focusing on demand of light-changing packaging inks in food & beverage industry and are offering advanced technologies for packaging.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, technology, and applications.

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Light-Changing Packaging Inks Market: Market Segmentation

The global light-changing packaging inks is segmented into four parts based on the ink type, material type, application, and geography.

Based on the ink type the light-changing packaging inks market is segmented into:

  • Photochromic Ink
  • Thermochromic Ink
  • Sunlight Ink
  • Others

Based on the material type light-changing packaging inks market is segmented into:

  • Paper & Paperboard
  • Flexible plastic
  • Rigid Plastic
  • Glass
  • Metal
  • Others

Based on the type of application light-changing packaging inkmarket is segmented into:

  • Cosmetics & Toiletries
  • Food & Beverages
  • Healthcare
  • Others

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