While the ink industry expands in the region, increased competition is likely to continue.
David Savastano, Editor08.01.14
Sakata INX opened its new plant in Shiga, Japan, which will manufacture digital inks and specialty products. (Photo courtesy of Sakata INX)
The Asia-Pacific region is the largest geographic region for the ink industry, with major international companies mixed in with domestic ink producers. Five of the eight largest global ink manufacturers – DIC Corporation, Toyo Ink Group, Sakata INX, T&K Toka and Tokyo Printing Ink – are headquartered in Japan.
Asia-Pacific is also the fastest-growing region in terms of the ink industry, with China supplying a large portion of this growth (please see the September-October 2014 issue of Ink World for a more detailed look at the Chinese ink industry).
With its Micro Inks Ltd. subsidiary in India, hubergroup has the leading position in India’s ink market. Ashwani Bhardwaj, management, Asia and North America, said hubergroup believes the entire Asia-Pacific market size for printing inks is around US$5 billion, with
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