At least 20 leading manufacturers have signed agreements with the government of Ethiopia to invest an estimated $1.4 billion in the existing and upcoming industrial parks.
The manufacturing facilities to be established at these parks are expected to increase the consumption of printed packaging materials, leading to expansion of the country’s printing inks market both in the medium and long term.
Ethiopia’s manufacturing sector is set to grow at 25% annually as the country implements the second phase of its Growth & Transformation Plan up to 2020, creating a conducive environment for the expansion of sub-sectors such as apparel, textile, food and beverage industries.
These industries are key consumers of diverse packaging solutions, which will be a key driver in the growth of the printing ink market.
A large share of the increasing demand is expected to come from the country’s fast-expanding packaging industry.
It has been noted that there are high Prospects for Ethiopia’s Printing Inks Market.
Growth in flexible packaging, rise in demand for printing inks, and increase in environment & safety issues are major factors that drive the growth for water-based inks market.
