The Indian printing industry is increasingly being driven by growth in packaging and labels. The print media also continues to grow at a healthy annual pace of four percent. As its growth trends continue to be well over the world averages, in print volume terms, India is set to become the fifth largest market by 2018 moving up five notches from its present tenth slot. Therein lays a great opportunity for the Indian & International print suppliers.
The Indian flexible packaging market is expected to grow more than INR 30,000 crore by 2015 and represents a 'land of opportunity' for the Indian converting segment.
The Indian Label Industry is complex, dynamic and fast-growing at the rate of 8% per year.
The Indian Corrugated Packaging industry, converting about 2 million tons of Kraft paper into corrugated boxes, is on a growth spree.