Asian printing ink market is slowing down
[ppzhan abstract] The relevant person said that in the context of the international financial crisis, the printing industry in Japan and Australia has been affected to some extent. The severe recession in developed economies has led to a downward trend in print exports in many Asia-Pacific countries. Indonesia's growth momentum was very strong last year, but since entering 2009, the country's ink sales have also been stagnant. In Asia, print exports account for a relatively large proportion of the total output value of the printing industry. Therefore, the rapid economic recession in developed countries has caused many small and medium-sized printing companies in Asia to be on the verge of bankruptcy. Even large companies have to face the difficulty of production line saturation.
Despite the impact of rising raw material costs, falling exports and the global financial crisis, the printing ink industry in the Asia-Pacific region maintained strong growth last year and achieved sales of approximately $4.5 billion.
However, it should also be noted that the high cost of raw materials has seriously affected the profit margins of ink manufacturers around the world, and the Asia-Pacific region is no exception. In addition, there has been a significant decline in ink exports in the region, and a global recession will also have an impact on printing plants in the region.
Crude oil prices climbed to squeeze ink manufacturers' profit margins. The relevant person in charge of Japan Toyo Ink Manufacturing Co., Ltd. said: "The Asia-Pacific region has been seriously affected by the global financial crisis, and the entire printing industry has undergone dramatic changes in 2008. China The market has been hit by the economic recession in developed countries. The rapid appreciation of the renminbi has also affected the demand for printed products in China in the international market. In addition, the rise in raw material costs in the second half of 2007 has intensified the turmoil in the situation. Currently, India The rate of economic growth has begun to slow down, but the country’s printing product market has taken shape and market demand has increased to some extent."
The head of overseas business of Japan’s Dickson (DIC) said: “With the growth of GDP, the demand for printed materials and inks in Asia-Pacific countries (except Japan and Australia) has also increased to some extent, but their exports There has been a significant decline in the amount. As the price of crude oil has risen sharply, the profit margin of ink manufacturers has been squeezed."
Printing exports are on a downward trend. According to sources, the printing industry in Japan and Australia has been affected in the context of the international financial crisis. The severe recession in developed economies has led to a downward trend in print exports in many Asia-Pacific countries. Indonesia's growth momentum was very strong last year, but since entering 2009, the country's ink sales have also been stagnant.
In Asia, print exports account for a relatively large proportion of the total output value of the printing industry. Therefore, the rapid economic recession in developed countries has caused many small and medium-sized printing companies in Asia to be on the verge of bankruptcy. Even large companies have to face the difficulty of production line saturation.
For ink manufacturers, India is a market full of opportunities. Putian has built a new plant in Panoli, India, to produce offset inks and gravure inks; Diansheng also plans to build a large-scale offset ink manufacturing plant and a glue in India. Adhesive production plant.
Even in a recession, printing ink manufacturers can grow in certain key areas. From a global perspective, packaging and printing is still an area of ​​strong growth.
Industry insiders pointed out that the liquid printing ink market in Asia is slightly better than the offset printing ink market. But in Japan, the offset and liquid ink markets are showing a downward trend.
Environmental protection is also a hot spot in the Asia Pacific region. As the Asia-Pacific region has strengthened its legislation and enforcement of environmental regulations, the demand for environmentally friendly inks such as benzene-free/ketone-free inks, water-based gravure inks and VOC-free offset inks will also be available in the next few years. Growth, especially China. India's packaging inks and adhesives market will also see strong growth.
There are also industry insiders predicting that the current international financial crisis will continue until at least the end of 2009. Once the economy is over, China and India, two of the world's most populous countries, will surely embark on the path of rapid economic development, while printing in the Asia-Pacific region. The ink market will also usher in a new round of growth. However, the high cost of raw materials, especially solvent, and the consolidation of the printing industry will affect the income level of the entire industry. Because of this, the integration within the printing ink industry will also become more active.
Despite the impact of rising raw material costs, falling exports and the global financial crisis, the printing ink industry in the Asia-Pacific region maintained strong growth last year and achieved sales of approximately $4.5 billion.
However, it should also be noted that the high cost of raw materials has seriously affected the profit margins of ink manufacturers around the world, and the Asia-Pacific region is no exception. In addition, there has been a significant decline in ink exports in the region, and a global recession will also have an impact on printing plants in the region.
Crude oil prices climbed to squeeze ink manufacturers' profit margins. The relevant person in charge of Japan Toyo Ink Manufacturing Co., Ltd. said: "The Asia-Pacific region has been seriously affected by the global financial crisis, and the entire printing industry has undergone dramatic changes in 2008. China The market has been hit by the economic recession in developed countries. The rapid appreciation of the renminbi has also affected the demand for printed products in China in the international market. In addition, the rise in raw material costs in the second half of 2007 has intensified the turmoil in the situation. Currently, India The rate of economic growth has begun to slow down, but the country’s printing product market has taken shape and market demand has increased to some extent."
The head of overseas business of Japan’s Dickson (DIC) said: “With the growth of GDP, the demand for printed materials and inks in Asia-Pacific countries (except Japan and Australia) has also increased to some extent, but their exports There has been a significant decline in the amount. As the price of crude oil has risen sharply, the profit margin of ink manufacturers has been squeezed."
Printing exports are on a downward trend. According to sources, the printing industry in Japan and Australia has been affected in the context of the international financial crisis. The severe recession in developed economies has led to a downward trend in print exports in many Asia-Pacific countries. Indonesia's growth momentum was very strong last year, but since entering 2009, the country's ink sales have also been stagnant.
In Asia, print exports account for a relatively large proportion of the total output value of the printing industry. Therefore, the rapid economic recession in developed countries has caused many small and medium-sized printing companies in Asia to be on the verge of bankruptcy. Even large companies have to face the difficulty of production line saturation.
For ink manufacturers, India is a market full of opportunities. Putian has built a new plant in Panoli, India, to produce offset inks and gravure inks; Diansheng also plans to build a large-scale offset ink manufacturing plant and a glue in India. Adhesive production plant.
Even in a recession, printing ink manufacturers can grow in certain key areas. From a global perspective, packaging and printing is still an area of ​​strong growth.
Industry insiders pointed out that the liquid printing ink market in Asia is slightly better than the offset printing ink market. But in Japan, the offset and liquid ink markets are showing a downward trend.
Environmental protection is also a hot spot in the Asia Pacific region. As the Asia-Pacific region has strengthened its legislation and enforcement of environmental regulations, the demand for environmentally friendly inks such as benzene-free/ketone-free inks, water-based gravure inks and VOC-free offset inks will also be available in the next few years. Growth, especially China. India's packaging inks and adhesives market will also see strong growth.
There are also industry insiders predicting that the current international financial crisis will continue until at least the end of 2009. Once the economy is over, China and India, two of the world's most populous countries, will surely embark on the path of rapid economic development, while printing in the Asia-Pacific region. The ink market will also usher in a new round of growth. However, the high cost of raw materials, especially solvent, and the consolidation of the printing industry will affect the income level of the entire industry. Because of this, the integration within the printing ink industry will also become more active.
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