Light-Changing Packaging Inks Market expected to show steady growth by 2024
Deerfield Beach, FL -- (SBWIRE) -- 07/11/2017 -- Zion Market Research, the market research group announced the analysis report titled 'Light-Changing Packaging Inks Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024'
Global Light-Changing Packaging Inks Market: Overview
Light-changing packaging ink changes its color when it is exposed to sunlight which is best suited for food & beverage. This packaging ink is used in the variety of food product packaging such as labels, in-molds, film, and many others. It is one of the light-changing packaging inks which rapidly changes, in terms of photochromic performance, its colors when exposing to sunlight. Photochromic is in available in a range of color-changing inks which reacts to any variation when exposed to sunlight. Thermochromic is another color-changing ink that changes color with respect to temperature variations. These two color-changing inks are widely preferred by the industries such as healthcare, food & beverages, cosmetics, and others.
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Global Light-Changing Packaging Inks Market: Growth Factors
Light-changing packaging ink is broadly accepted in the variety of industries in different types such as flexible packaging, labels, in-mold, and others. The demand for light-changing packaging ink has increased from some end-use companies such as food & beverages, cosmetics, healthcare, and others; this, in turn, is anticipated to boost the global market growth. Moreover, increasing awareness for more convenient and eco-friendly packaging is anticipated to foster the global market in the near future. In addition, rising disposable income and changing lifestyle are other factors that are expected to augment the global market in the coming years. Furthermore, low cost of the light-changing packaging inks is another major driving factor of the global market.
Global Light-Changing Packaging Inks Market: Segmentation
The global light-changing packaging inks market is segmented on the basis of the material type as metal, paper & paperboard, rigid plastic, glass, flexible plastic, and others. Of these, flexible plastic is the dominating material-type segment in the global market. Based on the ink type, the global market is categorized as sunlight ink, photochromic ink, thermochromic ink, and others. Furthermore, the global market is divided on the basis of application as healthcare, food & beverages, cosmetics, and others. Food & beverages are the leading application segment in the global market.
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Global Light-Changing Packaging Inks Market: Regional Analysis
North America is the major producer of the light changing ink such as photochromic inks. Its rising production capacity is anticipated to fuel the global light-changing packaging inks market in future. Europe is the second leading market and is anticipated to witness healthy growth in the global market. Consumer inclination towards light changing ink packaging for food & beverages drives the market in Europe. Moreover, Asia Pacific accounted for largest market share for light-changing packaging inks market owing to turn large network for food & beverages industry in this region. The demand for light-changing packaging inks is significantly higher in the US owing to increasing disposable income. Canada is also showing considerable growth in the light-changing packaging inks market and is anticipated to grow in the flexible packaging industry.
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Global Light-Changing Packaging Inks Market: Competitive Players
Some of the major players in the global light-changing packaging inks market are Sun Chemical Group, CTI, Videojet Technologies, Inc., and others. For instance, Bright spot CTI introduced light changing packaging ink in the market. Bright spot Chromatic technology has introduced a line of photochromic inks for food and beverages which change the color when exposed to sunlight.
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