BST showcases PowerScope 5000 and TubeScan

Growth in label industry will continue

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.

The Covid-19 pandemic led to the country-wide lockdown on 25 March 2020. It will be two years tomorrow as I write this. What have we learned in this time? Maybe the meaning of resilience since small companies like us have had to rely on our resources and the forbearance of our employees as we have struggled to produce our trade platforms.

The print and packaging industries have been fortunate, although the commercial printing industry is still to recover. We have learned more about the digital transformation that affects commercial printing and packaging. Ultimately digital will help print grow in a country where we are still far behind in our paper and print consumption and where digital is a leapfrog technology that will only increase the demand for print in the foreseeable future.

Web analytics show that we now have readership in North America and Europe amongst the 90 countries where our five platforms reach. Our traffic which more than doubled in 2020, has at times gone up by another 50% in 2021. And advertising which had fallen to pieces in 2020 and 2021, has started its return since January 2022.

As the economy approaches real growth with unevenness and shortages a given, we are looking forward to the PrintPack India exhibition in Greater Noida. We are again appointed to produce the Show Daily on all five days of the show from 26 to 30 May 2022.

It is the right time to support our high-impact reporting and authoritative and technical information with some of the best correspondents in the industry. Readers can power Packaging South Asia’s balanced industry journalism and help sustain us by subscribing.

– Naresh Khanna

Subscribe Now