David Savastano, Editor09.20.17
China continued to enjoy economic growth in 2016, although the increase slowed during the past year. 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,with China’s GDP approximately 18% of global GDP.
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.
Domestic and multinational ink manufacturers play major roles in China’s ink industry. With $205 million in sales in 2016, Bauhinia Variegata Ink & Chemicals, a subsidiary of Yip’s Chemical, is China’s largest domestic ink producer and the 13th largest global ink manufacturer in the world, according to Ink World’s Top International Ink Companies report (July/August 2017). Despite the slo
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.
FREE SUBSCRIPTION
