The packaging ink indstry in India is forecasted to continue to grow at more than 12% annually.
Yogi Malik, India Correspondent03.09.18
India is a country of remarkable potential and opportunities. The second most populous nation on the globe (1.27 billion) has been one of the fastest growing major economies in recent years. Changing lifestyle, rising disposable income, modern retail and the ever increasing packaging industry has pushed printing ink demand to new highs in recent years.
With a forecasted annual growth of more than 12% per year in the coming years, the Indian packaging ink market is expected to maintain its healthy run for the foreseeable future.
Overview of the Indian Ink Industry
With an estimated market size of 232 million tons, valued at about INR 54 billion ($830 million), the Indian ink industry has grown at a CAGR of more than 8% in the past 10 years.
The country is among the fastest growing printing ink markets, globally spurred by the rapid expansion of domestic print markets.
Backed by a strong demand from key end user segments such as packaging printing, newsprint, publishing an
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