Latin American Ink Market Growth In The Basic Situation
It is estimated that Latin American ink market value to 785 million U.S. dollars. Insiders pointed out that, despite overall economic growth in Latin America this year, a slight slowdown, but growth in domestic demand as well as other parts of the printing capacity of the transfer to the region, Latin American ink market will continue to show modest growth.
Ink manufacturers generally optimistic in the region, especially in the field of food packaging and label printing, hold the great business opportunities. Ink market growth to some extent by the region’s GDP growth. According to the International Monetary Fund (IMF) expects the Western Hemisphere Department, the Latin American region in 2007 GDP growth rate of 5.6% growth rate in 2008 may be reduced to 4.4% growth rate in 2009 dropped further to 3.6%.
Per capita GDP growth with Latin America will promote the demand for printing and ink, especially in food packaging, newspapers, printing and other fast moving consumer goods market. The next 10 years, GDP per capita in Latin America is expected to maintain average annual growth rate of 3% in 2020 to 1.3 million. Of course, the ink market growth in different areas are very different, liquid ink (including Solvent Type and Water-based ink ) Will maintain rapid growth, and paste inks will not so optimistic.
Affect the market growth factor in the Latin American ink Latin American ink market growth
impact factor worthy of our attention, such as the negative impact of the U.S. economy, inflation and environmental protection trend. Insiders pointed out that the Latin American ink market growth rate depends on the extent of a U.S. recession spread to other countries, the degree of inflation may become the biggest factors in 2008. According to IMF analysis, in 2007 inflation reached 6.3% in Latin America, more than the GDP growth rate in 2008 continued to increase inflationary pressures.
While Europe and the U.S. grab are strong “green air” now will not immediately impact on Latin America, but Latin America has shown some green trends. Affected by this, the Latin American package printing market, simplified pattern may appear, change color reduction, and will affect the ink market.
Argentina and Peru the fastest growing printing ink market
Argentina, and Peru will be the fastest-growing in Latin America economies, GDP growth in 2008 will reach 7%. In 2007, Argentina’s printing market, investment of 1 billion U.S. dollars, in 2008 expected to exceed this value. For example Siegwerk Group is currently in Buenos Aires to establish a new “center of excellence”; in the plastic packaging market, Petropack company also plans to market in Argentina this year.
Although a small market in Peru, but the economy is very dynamic. Peru’s inflation rate is only half the GDP growth rate. The United States and Peru recently signed free trade agreements to attract direct investment from the United States, much of it export-oriented.
Mexico and Brazil ink market growing steadily
The United States and Canada, many printers began to shift production to Mexico and Brazil, Mexico and Brazil makes the printing market growth rate was significantly higher than the overall economy.
Mexico to the U.S. economic problems weakened the negative impact. In 2008, Mexico’s economic growth is likely to be from 3.3% in 2007 to 2.0%. However, Mexico ink market has maintained a faster growth rate than GDP, but also many potential market segments, the market is not caused by the United States and Canada are deeply concerned about the printing business, there is strong growth in demand, such as flexible packaging market.
Large scale of Brazil’s economy, although economic growth in 2008 will decline slightly, but still up 4.8%. Recently, many companies in Brazil a number of investments, such as Agfa invested 23 million U.S. dollars in Brazil Suzano to build a production plant, Siegwerk Group Sao Paulo is also building a new production center of … … These investments in Brazil ink market will develop into a driving force.
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