The Indian Printing Industry, growing at a rate of 12% per annum, comprises more than 250,000 big, small and medium printers. The current annual turnover of the industry is more than INR 50,000 crores (USD 11 Billion).
The printing industry in India is slowly progressing from the heavy machinery using industry to a more software-centric business. The Indian printers are today equipped with the latest computer controlled printing machines and flow lines for binding, while state-of-the-art digital technologies are used in pre-press. UV digital printing and inkjet technology are also on the rise in India. The advent of global brands, rising consumerism and growth of the pharmaceutical industry have seen an increase in the scope for package printing. Giving an optimistic outlook of the industry, the package printing sector is growing at the annual rate of 17 percent, commercial printing at a rate of 10-12 percent and digital printing at robust 30 percent.
The digital printing industry is seeing significant transformations with new technologies & applications providing cost-effective and customized solutions. For the foreseeable future, offset and digital will not only co-exist, but will also complement each other- with offset taking the medium-to-longer jobs and digital performing on short-to-medium run lengths.
The booming Indian economy, increasing consumerism, entry of global brands in the country and opening of the sector to foreign investors are bound to offer growth opportunities to the industry.
Indian narrow web Industry
The Indian Label Industry is complex, dynamic and fast-growing at the rate of 8% per year.
- While investing in new presses, the Indian printers have graduated from being users of basic Mark Andy presses to fully loaded models of internationally branded presses like Nilpeter, Omet, MPS, Gallus, Rotatek and Mark Andy.
- The demand of all servo, all UV, multicolor presses with multiple decoration and converting capabilities has grown considerably.
- The competition has driven printers to invest in newer and diverse printing and converting technologies.
- The growth in consumerism is contributing to the already growing retail sector. This is supposed to drive significant growth in demand for labels. Thus, there is space for players who have the technology and resources to cater to a demanding consumer oriented market.
Indian Converting Industry
In the last ten years the technical capability of the Indian converting industry has advanced significantly with the latest technology from Europe, Japan and the US now in use, alongside domestically made printing and laminating presses.
India's export trade in converted flexible packaging has been growing, with customers in Africa, the Middle East, USA and Europe all recognising the quality available from some of the larger converters.
Imports of converted flexible packaging remain small and largely very low cost products or specialist high-value retort packaging materials.