India
In today’s print media market, a new player has emerged onto the global stage which has, in a relatively short period of time, managed to out-distance the print production of other historically more competitive countries.
The Indian Printing Industry is one of the biggest and fastest growing sectors. The printing industry revenue growth has consistently outpaced national GDP growth 8.5%. It is estimated India has over 200,000 printing presses with a capital investment of over $ 2 billion. Almost 75% printing presses are family owned. According to an estimate, the printing industry in India provides direct employment to 700,000 people and indirect employment to over another 450,000.
Today, India is the third largest of the Asian Markets for printing equipment and consumables. The overall print market in India is expected to grow to $25.1 billion in 2012 from $12.6 billion in 2006, making a compound annual growth rate of 12.2 per cent. However, the digital market is expected to grow at a higher rate of 25 per cent from $600 million in 2006 to $2.3 billion in 2012.
Since 1989, the printing and packaging industries’ collective growth has had a compound annual growth rate of over 13%. The growth has always been in double digits and significantly, invariably more than twice the GDP growth rate.
There are a growing number of printing companies exporting products to Asia and Europe. Several of these companies are interested in competing for business in North America, but few have succeeded. More significant for India at present is the export of IT-related prepress services to the English-speaking world. Several large U.S. Printing and publishing companies have established offshore operations in India and in China.
Literacy – a boom for print Industry: According to the 2001 census report literacy growth in India touched nearly 66% and the increase in the literacy rate has direct positive effect of the circulation of the regional papers. Although there is need for much more specialized training there exist 36 Printing Institutes some of these giving even post-graduate education, several diploma schools and a large number of printing-training institutions. Over 3500 printing engineering Graduates pass out every year and a significant number train on-the-job. India sends almost 1,53,300 students for higher studies abroad (including for Printing), a number exceeded only by China.
India’s Digital Printing Industry is growing at a rate of 25.8 percent every three years to grow from US $ 504 million in 2006 to as much as US$ 2.5 billion by 2012. So while the printing industry is growing at about 12.2 percent, in the past three years, 325 new offset printing plants have been established. These numbers illustrate how huge the digital printing opportunity is.
India’s printing industry experienced rapid modernization over the past decade. Offset maintains a healthy lead in India. In the past three years, 325 new printing plants have been established. This number is expected to double by 2012. Then there's the CTP bandwagon. Since January 2009, there have been around 75 violet, 30 thermal, 14 refurbished and six CTCP's installed in India. In addition, there are over 300 installations of TechNova's CTPoli systems. And above all, India is still in the formation stage. India has 74% of the offset printers with just single and two-colour machines in operation. Today, 75% of the ink business volume comes from the C-segment in the pricing range of Rs 525 per four-colour set - where quality is unheard of or not affordable.
CONTACT FOR INDIA
NPES India
Mr. Viren Chhabra, vchhabra@npes.in
Mr. Vinod Vittoba, vinod@npes.in
Ph: +91 11 41654714