INDIAN PRINTING INDUSTRY AT A GLANCE IN 2020 - 2021
The value of the print industry across India was estimated to be over 190 billion Indian rupees in 2020. This is expected to go up to over 258 billion rupees by 2023, indicating a compound annual growth of around 11 percent.
India is one of the largest commercial printing markets in the Asia Pacific region.
Moreover, the transition to digital technology has also provided a positive impact on the market growth. Looking forward, the Indian Printing market is expected to continue its stable growth during the period (2020-2025).
According to a research conducted, Covid-19 has helped boost the eCommerce packaging market by almost 40% in 2020. The report says the global value for eCommerce packaging reached USD 51 billion in 2020, as the pandemic-induced lockdown and shop closures have pushed more consumers online.
The demand for eCommerce packaging will continue to boom through to 2025 at an accelerated compound annual growth rate (CAGR) of 17%. In 2025, this market will reach a value of USD 113.5 billion, over 10% of the total packaging market worldwide according to industry sources.
