PrintPack 2019 is scheduled for 1 to 6 February

“The Indian Graphic Arts Industry has gained a momentum post the conclusion of the 13th edition of PrintPack India in February 2017. With a confirmed business of over USD 290 million and trade inquiries worth USD 510 million generated at the PrintPack 2017, the entire industry seems to be in acceleration mode. The industry has a huge potential to grow, as there is a big gap in export and import figures. Our focus is to give an ideal platform to the manufacturers so that they can perform better,”

28 Aug 2017 | By Rahul Kumar

IPAMA, the apex body of printing, packaging and allied machinery manufacturers in India, which organises the show, dedicated to the one-point programme: Promotion of the Indian Graphic Arts Industry. Most of the constituents of the fraternity are its members. Apart from functioning as a dependable data bank and centre for dissemination of information on latest market perspectives, technology and equipment, the association acts as a big show window. For projecting a vibrant Brand India image, from time to time, it holds national and international exhibitions.

Naveen Gupta, general secretary, IPAMA, added, “Right on the track, IPAMA is working hard to bring the Indian graphic arts industry on the global map and there is no better platform than PrintPack India to do the same. I am delighted to share that in pursuance of this goal, the 13th edition of PrintPack India set up many new precedents in the industry, including a record of over 430 companies under one roof and 86,000 business buyers.”

Gupta said the PrintPack India 2017 turned out to be a mini world show with global participation from China, Dubai, Hong Kong, Italy, Riyadh, Sharjah, South Korea, Taiwan, UK, USA, Indonesia, The Philippines, Thailand and many more countries, in addition to the overwhelming domestic  participation.

IPAMA sources said, according to the data available from 2015-16, the market size of printing and packaging machinery industry is around Rs 23,931 crore, and total turnover in 2015-16 was around Rs 16,916 crore. However, there is a huge gap in export and import, almost in the ratio of 1 to 5. Imports are growing at a very high rate compared to the increase in domestic production rate. But, if we take the entire printing industry and consumables, it is pegged at approximately Rs 1,90,000 crore. India is the fifth largest print-packaging market with revenues of USD 12.2 billion (as per the Economist Intelligence Unit (EIU) study). By 2020, revenues will reach USD 18.6 billion, just below Japan, the third largest market with USD 19.1 billion in print-packaging revenues.

Tags : IPAMA,PrintPack India,S Dayaker Reddy,Naveen Gupta;