Ink manufacturers continue to invest in new facilities, while digital printing is making small gains.
Estimated at $160 billion, China’s printing industry is big business, as is its ink industry. Ink World estimates annual sales of ink in China at more than $1.5 billion. While offset and gravure remain the leading processes, flexo and digital printing are growing.
The World Bank reported that China’s gross domestic product (GDP) was $11.20 trillion in 2016, a slight increase from $11.06 trillion is 2015. Still, China’s GDP is approximately 18% of the global GDP. Part of the growth comes from its population, which at 1.38 billion is approximately 20% of the world’s population.
Not surprisingly, ink industry executives are optimistic about further growth in the country, and are making investments into production facilities.
“We regard China as an important market, since it consists of 1.3 billion people with vast land,” said Yuichi Kataura, International Operations Division GM for Sakata INX. “We place an im
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