12.01.17
When growth areas for printing are discussed, usually it is the BRIC countries (Brazil, Russia, India and China) that are the focus. However, the Middle East, most notably Turkey, has an interesting story to tell as well.
According to Smithers Pira’s report, “The Future of Printing in MENA to 2022,” the analyst report that the Middle East and North Africa (MENA) region
According to Smithers Pira, the printing market on MENA was more than $35.1 billion in 2017. Smithers Pira anticipates 9.0% CAGR, and estimates the market at $54.0 billion in 2022.
That is a fast-growing market, and not surprisingly, ink industry leaders have taken notice. In the last six months, the following moves have been made in Turkey alone:
• Sun Chemical opened a new $30 million production facility designed for solvent-based flexible packaging in Aliağa, Turkey.
• Flint Group opened a new manufacturing facility for a full portfolio of inks in Istan
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