The Indian Print Industry grew at 3% to reach INR303 billion in 2017. The Indian Printing Industry, growing at an annual rate of 12%, comprises of more than 250,000 big, small and medium printing companies. The estimated turnover of the industry is USD 11 billion. There has been a revolutionary change in the last 15 years in the printing industry in India. The market size of the packaged printing sector increased from USD 10.2 billion in 2014 to USD 12.7 billion in 2017, and comprised of 43% of the total print product sales in 2017.
The packaged printing industry is growing at an annual rate of 17%, commercial printing at an annual rate of 10-12% and digital printing at a robust growth rate of 30%. However, the impeding growth of the Indian Printing Industry can be held accountable for by the global financial crisis, but the total print products industry will continue to grow at an annual rate of 6.8% over the years.
The greatest growth opportunities for print products are concentrated around revenues from print packaging and print publishing. The publishing printing market size grew from INR 20,859 crore in 2012 to 27,607 crore in 2017-2018 with population increase, rising literacy rates and a growing economy despite the digital invasion.
With the growth potential in package printing, the market is expected to increase 7.8% in a five year period. The market size of the package printing sector increased from INR 53,374 crores in 2012 to 77,714 crore in 2017-18, making up 43% of total print product sales in 2017. The growth of packaged printing will be driven by an increasing demand for non-commodity consumer goods in developed countries in the Asia-Pacific region .
Forecast for the industry
It is estimated to grow at an overall CAGR of approximately 7% till 2020 .This growth is expected despite the FDI limit remaining unchanged at 26% and the imposition of GST at 5% on the advertising revenues of the print industry.