Food Safe Ink Growth Predicted to Exceed That of Food Packaging
Food grade inks are predicted to grow faster than food packaging, and food packaging market is expected to grow at 3% CAGR between the years 2016 and 2021. Snacking has become a major food trend, accounting for 50% of comsumption in the us during 2016. This warrants an increase in consumption of smaller packaging. With increased regulation and pressure from competitors, more companies are switching to food grade inks to ensure no issues in case of accidental contamination.
More information can be found here: https://www.smitherspira.com/industry-market-reports/printing/the-future-of-printing-for-food-packaging?utm_source=PIM&utm_medium=fastfact