Business of Ink for Printing and Writing Industry
Niir Project Consultancy Services (NPCS) is one of the trustworthy names in the world of industrialists as they offer integrated technical consultancy services. NPCS is managed by engineers, planners, specialists, financial experts, economic analysts, and design specialists who have wide experience in the related industries. NPCS has published a lot of books to help entrepreneurs in starting their careers. This report is also a brief from one of their famous books to help in stepping into the world of Inks. The business of printing and writing ink is a booming one. The printing ink market is expected to reach a height in upcoming years, and that is the reason for many startups taking interest in this field and selecting it to grow their income. The printing ink industry in India has witnessed growth in the past few years and is anticipated to grow more in forecasted years. The other user of printing ink that includes books and stationery, with this rising industry the ink market is expected to grow strongly.
Related Projects:- Inks, Lithographic Inks, Gravure Inks, Flexographic Inks, Offset Inks and Specialty Printing Inks, Inkjet Inks, Toner Inks, Copier Inks, Marking Ink, Colour Ink, Water Proof Inks, Writing Inks, indelible ink, Election Inks and Stationery Products
Business Plan for Ink for Printing and Writing Industry
Registration of the business – This business can be started from your home too and you don't need any registration for that but if you are planning to start your business on big markets then you must register your business. If you are planning to serve as a seller to large corporations, you have to meet their vendors’ requirements and the first requirement is going to be if you have a registered business or not. If you meet with these requirements you will be able to spread your tentacles to big corporations as you start to service people. Research the market overview - Research the market overview - The market of printing inks globally has reached a value of approx. $33.7 billion in 2018, having increased at a compound annual growth rate (CAGR) of 1.0% since 2014, and it is anticipated to increase at a CAGR of 3.1% to nearly $38.1 billion by 2022. Some of the major reasons which will drive the demand for printing and writing inks are the packaging industry, 3D technological advances, and the economic growth. These factors are sure to increase the printing inks market growth. In India the sector of printing ink sector is estimated at 3, 60,000 tons for 2019-20, valued at around INR 55 billion; the market has seen a rocketed growth of around 7.5% per annum from the last 10 years. The packaging printed accounts for approx. 27% of the demand for printing inks in India that is followed by newspapers at 20%. Around 19% of demand is accounted for commercial printing/ promotional and printed advertising.
Related Books:- Printing Technology
Advertise and market your business – The important users of inks are renting press, churches, big corporations, architectural firms, Photographic firms, and schools. You need to approach these organizations to market your services. Your marketing and advertising approach should be geared towards showing your potential customers how you can help them save costs and help them contribute towards preserving the earth.
Related Projects:- Printing Projects, Technology, Flexography, Foil Stamping, Offset Printing, Printing Press, Rotary Printing Press, Screen Printing, Rotogravure, Inkjet, Laser Printing, Pad Printing, Web Offset, Colour Offset Printing press, Digital Printing Projects
Gather information from expertise- One more step you need to follow in this industry is making inquiries, asking loads of questions to people who are already in this business so that you can come out with the plan that will help you in avoiding the difficulties they went through.
Conclusion
The Book by NPCS “Modern Technology of Printing & Writing Inks (with Formulae & Processes) 2nd Revised Edition” has worked as a milestone to entrepreneurs, existing units, libraries, etc. The book has all the major contents that will help you in starting and growing the writing and printing ink business.
Related Videos:- Packaging and printing Industry
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