The hottest future ink market development situatio

2022-10-16
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Future ink market development situation

the past 2003 may not be a good year for the world ink market, but there are exceptions. Ink enterprises in Asia have maintained a relatively rapid growth, which became clearer in 2004. China and India, the two countries with the largest population in the world, are creating a myth of rapid economic development. The packaging and printing industry has developed rapidly here as an important industry of the national economy. The eyes of the world are watching the changes here. The world's famous ink enterprises have established and expanded their production bases here. For them, this seems to have become the only way for their own development, Because opportunity means wealth. China's developing economy has continued to maintain a strong growth momentum, with the economic growth rate reaching 8% in 2003, while the growth of the packaging and printing industry exceeded 10%. It is estimated that the economic growth in 2004 will not be less than 7%. Even the most conservative entrepreneurs will be optimistic about the prospects of the packaging industry. The development of the ink industry has basically kept pace with the packaging and printing industry, with an average growth rate of 9% in the past five years. In 2003, the national ink output reached 200000 tons, and the total ink consumption has exceeded 300000 tons

based on the optimistic estimation of China's ink market in the future, multinational enterprises including greater Japan ink Chemistry (DIC), Toyo ink, Flint ink and so on have expanded their investment in China

dic group hopes to increase its share of the Asia Pacific ink market to 35% in the next five years by improving production efficiency and building new factories. At present, DIC Group has a market share of 23% in the Asia Pacific region. The company expects to sell 100billion yen of printing ink in the Asia Pacific region in 2010, so it takes China and India as the most important markets to achieve its growth goals. According to the prediction, the Chinese ink market will maintain a growth rate of 10% per year until 2010. The management of the company believes that the Chinese market may be larger than the Japanese market. Relying on the strong technical force and capital advantages of the head office, DIC has successively invested and established two successful companies in Shenzhen and Shanghai; Through the merger of coats, it also owns the shares of Taiyuan Gaoshi Laurie: in order to occupy the South China market, in addition to setting up a newspaper printing ink factory in Shenzhen, it recently invested 60million yuan with Yunnan Hongta Group to establish Yunnan Edison ink company (DIC owns 60% of the shares, Hongta Group accounts for 30%, and the remaining 10% is held by Yunnan Tongyin shares), and plans to achieve 1.5 billion yen of sales in 2008. On the whole, the trend of DIC's large-scale expansion to the whole country with Zhongshan in Guangdong as the center has basically taken shape. It plays an important role in rotary printing ink, offset printing ink and gravure printing ink. In addition to occupying the ink market, DIC has also continued to act in the raw material market. After realizing resin production in Guangdong, DIC has established a pigment production base in Nantong, Jiangsu Province. On the one hand, it has nationalized the production of raw materials to reduce costs, and on the other hand, it has achieved control over the upstream market of ink production. At present, DIC occupies the largest market share in China. The total output of its three enterprises: Shanghai DIC, Shenzhen shenri and Taiyuan Gaoshi in 2003 was 28100 tons, accounting for 13.82% of the total output of the country

in 1926, Toyo ink, which opened factories in China, also attaches great importance to the Chinese market and continues to accelerate the pace of business development in China. In the 10 years since the joint venture of Tianjin Toyo Ink Co., Ltd. was established in Tianjin, four new factories have been established successively, maintaining the first production model in the country. In 2003, the output was 16600 tons and the sales revenue exceeded 360million yuan. Not long ago, Toyo ink Shanghai Representative Office was recognized as the regional headquarters of multinational companies by the Shanghai municipal government. Below it are 15 branches and factories all over the country, including a newly established ink manufacturing company with an investment of 40million yuan in Shanghai Songjiang Industrial Park

flint ink, the world's largest private ink company, has always been known for its cautious investment. Although it has set up a representative office in Shanghai a few years ago and purchased a large number of raw materials in China, it was not until recently that the first factory was officially opened in Beijing, China. Flint ink (Beijing) Co., Ltd. has a total investment of US $7million. The main products produced in phase I are inks and thermosetting inks, with a production capacity of more than 10000 tons. With the successful completion and operation of the new factory, Flint also plans to establish new production projects to lay a good foundation for the "new hardware era" and enter China's packaging ink market

in addition, Donghua ink will invest 2.1 billion yen (about 145million yuan) in the next five years to significantly improve the production capacity of offset printing ink and UV ink of its Chinese subsidiaries (HANGHUA ink Chemical Co., Ltd. and Donghua Guangzhou Ink Co., Ltd.). The completion of this investment will increase the production capacity of Donghua ink's Chinese subsidiary by 90% to 30000 tons per year. Sakatainx Co., Ltd., another Japanese ink giant, also established a subsidiary company engaged in ink production and sales in Shanghai, which is called Sakata ink Shanghai Co., Ltd. The registered capital of the company is 600million yen (about 40million people have made the oil in the oil tank enter the working oil tank), which was completed and put into operation in September 2003. It mainly produces liquid ink for packaging and gravure ink, with an annual output of 3600 tons. Sakatainx Co., Ltd. has also formulated a medium-term business plan. According to the plan, the company will increase its annual ink sales in the Asia Pacific region from 6.7 billion yen in 2003 to 10billion yen in 2006

the large-scale entry of foreign capital has improved the production capacity of China's ink industry unprecedentedly, but it also poses a severe challenge to the survival and development of nearly 400 domestic small and medium-sized ink enterprises. As domestic enterprises generally have many problems, such as small scale, lack of talents, insufficient funds, low R & D investment, resulting in the current situation of weak technological innovation ability and production technology lagging behind the world level, domestic ink manufacturers must find ways to achieve large-scale operation, in order to seek an invincible position in the brutal competition in the future market

India

India's economy has been growing rapidly for seven consecutive years. In 2003, India's GDP growth reached 8.2%. In January this year, Indian president Kalam's speech on the domestic economic situation was widely publicized by the media. Kalam said that India's economic growth momentum was strong, the GDP growth rate in the second quarter was 8.4%, foreign exchange reserves exceeded US $100billion, the rupee (Indian currency) was strong, and the middle class was growing, Domestic purchasing power continues to rise, making India one of the countries with the fastest economic growth. According to the latest statistical data released in early April this year, India's economic growth rate in the third quarter of the fiscal year (October December 2003) was 10.4%, surpassing China as the world's first for the first time. Its foreign exchange reserves increased to $110billion, and the stock market climbed all the way and broke through the 6000 point mark. Many economists predict that by 2020, India's economy will be among the best in the world

India's packaging industry is currently worth US $15.2 billion, accounting for 2.3% of the world market. It is growing at a rate of nearly 15% a year, more than twice the global average. India has 1billion increasingly demanding consumers. About 80% of Indian packaging products are consumed by only 20% of the population. The annual per capita consumption of packaging in India is only $15.10, while the world average is $105. Only 2% of India's food production is processed, and the Indian government hopes that this figure will rise to 10% in the next 10 years

the prospect of India's printing ink industry is very good. In 2003, India's printing and printing ink increased by nearly 10% and 12% respectively, of which the fastest growth is in the newspaper and packaging industry, and the UV ink market is also gradually growing. In order to meet the market demand, ink manufacturers began to expand their business in India. Some famous ink enterprises, including flint, micorro ink, Sakata INX and Koch, have increased their production capacity in India

different from the situation in China, there are nearly 400 small ink factories in China, whose output accounts for half of the total output of the country, and none of them has reached 10% of the national output; In India, there are less than 100 small enterprises and the number is decreasing. The output of sinterstein ink and resin company (which has been renamed micro inks), the largest ink enterprise in China, exceeds 30% of the national output. At present, it is also actively expanding its overseas market, setting up subsidiaries in the United States and representative offices in Shanghai, China. Its overseas ink sales have exceeded that of the mainland. At present, the company ranks 15th in the global ink enterprises, and is one of the world's largest ink manufacturers

Japan

traditionally, Japan has been the most powerful country in the Asia Pacific region, but in recent years, it has also fallen into the quagmire of sustained economic recession. After several years of downturn, the Japanese economy grew at a rate of 2.7% in 2003, and the printing and ink industries also remained flat. Then in 2004, this situation seems to have taken a turn for the better. The four major ink companies in Japan, including greater Japan ink chemicals, recently predicted that their operating profit would increase by double digits in fiscal year 2004 due to the very good market sales in Japan, China and other places in Asia. According to Nippon ink chemicals, by March next year, that is, in fiscal year 2004, its operating profit is expected to increase by 14% over the previous year to 50billion yen, while its net profit will increase by 57% to 10billion yen. However, the sales volume is expected to grow significantly compared with the previous year, which is estimated to be 960billion yen. The company believes that in this fiscal year, it can reduce costs by 6.5 billion yen through the integration of its printing ink products and sales business in the United States and Europe, while the increase in raw material and energy costs caused by the rise in crude oil prices is more than 5 billion yuan. Toyo chemical ink manufacturing company expects its sales to reach 230billion yen in fiscal year 2004, an increase of 6% over the previous year; Its operating profit is expected to reach 11billion yen, an increase of 16%; The net profit is expected to reach 5billion yen, an increase of 44%. Sakata ink company predicts that its operating profit in fiscal year 2004 is expected to increase by 10% over the previous year, reaching 5billion yen; Net profit is expected to increase by 45% to 3.8 billion yen; Sales increased by only 2% to 97.5 billion yen. Tokyo printing ink manufacturing company predicts that its business of color resin molding materials for automotive interiors will increase significantly, which will drive the total sales of the company to increase by 3% to 55.5 billion yen; Its operating profit is expected to increase by 55% to 1.6 billion yen, and its net profit will increase by 250% to 700million yen

conclusion

generally speaking, the development of the ink industry in the Asia Pacific region is still successful and promising, and the prospect is encouraging. Of course, it's not without problems. The world is facing increasingly stringent environmental standards, and ink manufacturers are doing their best. The rapid development and promotion of environmental friendly ink varieties such as toluene free ink, water-based ink and UV curing ink is the future direction of strong domestic demand for the entire ink industry

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