Indian Printing Industry is constantly evolving and demanding, generating new opportunities. It is the biggest and fastest-growing sector within the country with its allied industries like Printing Machinery Manufacturers, Packaging industries, Paper manufacturing, Ink manufacturing, manufactures of raw material and consumables.
The value of the print industry across the country was estimated to be over 330 billion Indian rupees as of fiscal year 2019. This is expected to go up to almost 410 billion rupees by fiscal year 2024.
The industry has slowly been progressing from the heavy machinery using industry to a more software-centric business. The Indian printers are today equipped with the latest computer-controlled printing machines and flow lines for binding, while state-of-the-art digital technologies are used in pre-press. UV digital printing and inkjet technology are also on rise in India.
The digital printing industry is seeing significant transformations with new technologies & applications providing cost-effective and customized solutions. For the foreseeable future, offset and digital will not only co-exist, but will also complement each other- with offset taking the medium-to-longer jobs and digital performing on short-to-medium run lengths. The booming Indian economy, increasing consumerism, entry of global brands in the country and opening of the sector to foreign investors are bound to offer growth opportunities to the industry.