India, Vietnam, Thailand, Bangladesh, Indonesia and Malaysia are seen as particularly strong opportunities.
David Savastano, Editor07.28.19
The Asia-Pacific region is the largest geographic market for printing ink, with Ink World estimating the ink market at more than $6.5 billion. It is not a homogenous region - China, the largest economy in the region, will be the subject of a separate Ink World report in our September-October 2019 issue. Meanwhile, Japan, India, Indonesia, Vietnam and Australia are some of the key nations in the region.
Five of the eight largest international ink companies – DIC Corporation, Toyo Ink Group, Sakata INX, T&K Toka and Tokyo Printing Ink – are headquartered in Japan. hubergroup, the sixth-largest ink global manufacturer, has a major presence in India.
Ink manufacturers report that the graphic arts industry is seeing growth in the region, led by the packaging segment.
“The pace of the market shift from publication to packaging has accelerated recently,” said Masamichi Sota, executive officer of the Printing Ink Business at DIC Corporation. “Publicat
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