A brief analysis of the printing ink market in various countries in Asia (2)

Radja pointed out that due to intense competition, ink suppliers are under great pressure, especially on sheetfed inks. Radja said: "The sheetfed printing market is dominated by DIC, Toyo, Sikhbaa, and several other market share ink companies such as Hostmann Steinberg Printing Ink, Sakata Ink, Japan T&K Toka, India Micro Ink, Inctec, and Rich. Litto’s monopoly, Sikhby throws the rotation business to Flint, which gives the latter an opportunity to easily acquire several large businesses that were originally Sikhbaek’s.The heat-curing ink for rotation is basically controlled by Toyo Ink, Flint. Specializing in thermosetting and chilling inks, while Gao's specializes in cold-inking inks, monopolization of the ink business poses difficulties for companies seeking to enter the industry.There are many opportunities for sheetfed and revolving markets, but ink suppliers We must meet stringent quality requirements and ensure we have a fair market share to maintain our business.”

Radja said: "Last year saw a change in sales channels, Hostmann Steinberg moved from CPI to Ferag, and Ferag invested heavily in building a foundation network to support the ink business, including hiring a large number of employees who transferred from Toyo. CPI finally found for Hostmann Steinberg. A replacement for the family, although CPI has always cooperated with Hartmann and other Japanese products, it was not very successful. Most sheetfed inks are directly imported by distributors or ink companies themselves."

Radja said: "The trend is to increase the degree of automation, online color matching and prepress color matching are standard operations, several fully automatic computer 10/12 color sheet printers are installed, and many cap devices are installed. In the web offset printing market, Some thermal and cold-curing ink presses were installed before and after Drupa."

The economic growth and improvement of living standards have driven the printing demand in the Asia-Pacific region. Tanemura pointed out that the rising living standards of Asian countries, especially the populous countries China and India, have led to significant growth in the printing industry. He said: "The increase in exports led by China has also boosted the demand for printing inks."

Radja believes that there are three factors driving the growth of the printing ink market: strong demand for packaging, print media growth and GDP and economic growth.

The population of China and India are 130 million and 110 million respectively. With the increase of literacy rate, the volume of print media business has increased. Radja said: “The literacy rate has been growing at a surprising rate, although there is still a long way to go. Due to the large absolute number of people, more and more people will use print media, and the number of readers and print media is fast. increase."

Radja pointed out that India has 5,600 daily newspapers, 15,000 weekly newspapers, and 20,000 periodicals, involving 21 languages ​​and a total circulation of 142 million. “There are almost 325 languages ​​spoken in India, of which 18 are official languages ​​and 1600 are dialects.”

Mr. Radja said: "GDP growth has created favorable conditions for the printing industry and the printing ink industry under the growth of the packaging industry. The fast moving consumer goods industry (FCMG) has increased advertising spending, and the demand for expanding population coverage has increased the page size of newspapers."