BST showcases PowerScope 5000 and TubeScan

Growth in label industry will continue

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The BST eltromat team at Labelexpo India 2016. Photo PSA

Tappan Patel, managing director of BST eltromat shared, “Be it web guide or video inspection, as far as the label industry is concerned, 80–85% of the label presses worldwide uses only BST products. In India, BST has more than 90% market share.”

According to Patel, for the last 8 to 10 years, the Indian label industry is growing at 12–15% per annum, and this growth will continue because everything is now going to get packed. However, he said, price cutting is a big challenge in the Indian market. Patel suggested the fraternity of Indian label converters to come together and come up with a strategic plan to bring in healthy competitions among themselves and grow amicably. “The Indian label converters should get a better price as they are investing a lot in new technologies,” said Patel.