The Indian Printing Industry, growing at a rate of 12% per annum, comprises more than 250,000 big, small and medium printers. The current annual turnover of the industry is more than INR 50,000 crores (USD 11 Billion).
The printing industry in India is slowly 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 the rise in India. The advent of global brands, rising consumerism and growth of the pharmaceutical industry have seen an increase in the scope for package printing. Giving an optimistic outlook of the industry, the package printing sector is growing at the annual rate of 17 percent, commercial printing at a rate of 10-12 percent and digital printing at robust 30 percent.
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.