Packaging printing looks to be an excellent opportunity for ink manufacturers.
Shem Oirere, Africa Correspondent01.25.16
Analysts project Africa’s economic growth to be approximately 5% in 2016, up from 4.5% in 2015, with the expansion expected to provide opportunities for sectors such as manufacturing and also increase the uptake of modern technology that would impact the performance of various industries, including printing.
The African Development Bank (AfDB) says the growth would defy challenges such as shocks, uncertain global conditions and plummeting oil prices. But despite this anticipated economic growth, the region’s printing industry could return a mixed performance in the future because of the challenges from the increasing traction of digital media, changes in printing processes and emerging concerns about environmental protection.
Morocco, South Africa, Senegal and Ethiopia have been singled out in the continent among market researchers as some of Africa’s printing ink markets with the strongest growth opportunities in coming years.
Various market analysts have es
Continue reading this story and get 24/7 access to Covering the Printing Inks, Coatings and Allied Industries - Ink World for FREE
Ink World magazine has tracked the growth of the ink industry and its allied industries through years of changes, technology, evolution, consolidation and market development. No other magazine has been around for as long or covered as much of the global printing ink business. This website is dedicated to providing in-depth industry coverage and late-breaking news.
Already a subscriber? Login