David Savastano, Editor09.17.19
China is one of the global economic powers – the country’s gross domestic product (GDP) reached $13.4 trillion in 2018, up 6.6% from 2017, second only to the US in GDP. With a population of 1.38 billion or roughly 20% of the world’s population, China has both a sizable domestic market as well as being a world leader in exports.
To meet the increasing demand for packaging and publications, China’s printing industry is growing. Estimates have placed China’s printing industry at $160 billion; that requires a lot of ink. Ink World estimates annual ink sales in China of more than $1.5 billion, supplied by a mix of domestic and international ink manufacturers. The most common printing processes remain offset and gravure, with flexo and digital printing making gains.
Bauhinia Varie
To meet the increasing demand for packaging and publications, China’s printing industry is growing. Estimates have placed China’s printing industry at $160 billion; that requires a lot of ink. Ink World estimates annual ink sales in China of more than $1.5 billion, supplied by a mix of domestic and international ink manufacturers. The most common printing processes remain offset and gravure, with flexo and digital printing making gains.
Bauhinia Varie
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 SUBSCRIPTIONAlready a subscriber? Login
Related Knowledge Center
