Printing Inks market in India
India is among the fast growing printing ink markets globally spurred by the rapid expansion of the domestic print markets. Backed by a strong demand from key end user segments such as package printing, newsprint, publishing and other commercial printing, the printing ink market in India has registered strong growth in the recent years. The printing ink industry is fragmented with over 400 manufacturers and a large number of players in the unorganised sector.
Printing ink sector in India is estimated at 230,000 tonnes for 2013-14, valued at around INR 46.5 billion; the market witnessed a growth of around 7.5% per annum during the last 10 years. Printed packaging accounts for around 27% of the demand for printing inks in India followed by newspapers at 20%. Commercial printing/ promotional and printed advertising together account for around 19% of the demand. Other key end user segments for printing inks include books and stationery. With the print sector forecast to grow at around 8% per annum, over the next 5 years, printing ink segment is expected to grow strongly during the same period.
Micro Inks (Huber group), DIC India, Sakata, Siegwerk, Flint and Toyo are the leading manufacturers of printing ink in India. The printing ink sector witnessed consolidation during the last 10 to 15 years. Some of the notable acquisitions-collaborations in the Indian ink industry during this period are:
- Huber Group – Micro Inks
- Dai Nippon – Coates of India
- Siegwerk –SICPA
- Flint Group – Incowax
More recently, some players have embarked on capacity expansions
- In 2013, Flint Group inaugurated new liquid ink plant in Vadodara
- In 2012, Siegwerk India increased its printing ink production capacity at its plant in Bhiwadi, Rajasthan, to 20,000 tpy from 10,000 tpy
- In 2011, DIC India undertook capacity expansion at the company’s facility in Ahmedabad; the expansion increased the unit’s capacity to 14,400 tpy from 6,000 tpy
The top six players comprising domestic players and established multinational players account for around 75% of the market. Printing inks has a well-entrenched presence of multinational players who have entered the market either through a direct subsidiary or through Joint Ventures with existing domestic players. Going forward, the printing ink market is set to benefit from rapid urbanisation, increasing literacy rates and growth of FMCG sector.
Article is very informative about the importance of good packaging,thanks for sharing with us.
Wonderful n helpful post….Thanks
fruitful information
want to know top 10 offset printing ink manufacturers in india
Dear Mr. Patil
The blog post list names of leading players in the printing ink industry in India- Micro Inks (Huber group), DIC India, Sakata, Siegwerk, Flint and Toyo. Offset ink is a key product segment addressed.
Admin
Can I get a break up of the current market contribution of FLEXO INKS WATER BASE AND SOLVENT BASE, GRAVURE INKS, VINYL INKS AND TEXTILE PRINTING to the Indian Ink Industry.
Thanks,
Begy Varghese/ 9902854541
Dear Mr. Varghese
Thank you for your enquiry.
According to preliminary estimates, paste inks account for around 58% of the usage of inks in India followed by liquid inks at around 42%. We will call you for a brief chat to understand your specific requirement in this regard.
regards
Admin
Can you please share the market size (in MT) and its trend in offset printing. Separately for commercial printing and Packaging.
Dear Mr. Sharma
Thank you for your interest.
The total print market in India was valued at around INR 1350 billion (2013) of which packaging accounted for 27% share and commercial, promotional and printed advertising together accounted for around 20%. Considering inks, offset accounts for approximately 50% of the market.
We will be happy to call you for a brief chat in order to understand your specific requirement.
Regards
Admin
Useful notes..
But still I need to know about the Flexo market trend in India(UV/Waterbase/Solvent base). Especially in south India.If you have any surveys or status pls share to me..
Thanks and Regards,
Navin
Dear Mr. Navin
Thank you for taking time to read and comment on our blog!
Please let us know your contact details and we will be happy to call you for a discussion regarding your requirement.
Regards
Admin
9892974728
A breakup of inks for flexible packaging (gravure/flexo), offset printing, along with rigid container (metal) would be very helpful.
Dear Mr. Nawar
Thank you for your comments.
The blog gives a flavor of the printing inks market in India. At MCG, we are a market research and management consulting firm – we have studied the printing inks market in a number research assignments and have a good understanding of the dynamics in the sector. Kindly give us your number and we will be happy to talk to you to understand your specific requirements in this regard.
Thanks
Team MCG