Even as economic growth slows, domestic and international ink manufacturers alike are seeing strong growth in packaging.
David Savastano, Editor09.23.16
As the largest economy in the Asia-Pacific region, China continues to enjoy strong economic growth. The World Bank reported that China’s gross domestic product (GDP) was $10.87 trillion in 2015, an increase of 6.9% from 2014. The country has approximately 20% of the world’s population, at 1.371 billion.
Not surprisingly, China has a sizable printing industry, with estimates placing the country’s printing output at $160 billion. Chinese printers have a strong mix of business on both the domestic and export sides.
The ink industry in China is also large, with Ink World estimating annual sales at more than $1.5 billion. Offset and gravure inks are the mainstay of the ink industry in China, with the use of flexo and digital inks on the rise. The growth in interest in inkjet printing can be seen by the recent announcements of new facilities by both EFI and Domino Printing Technology.
Ink Manufacturers and China
The Chinese ink market features a mix of domestic
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