Background Info
China's booming market confirms the awakening of the East
The newest of the Labelexpo shows, Labelexpo Asia, is also possibly the most exciting. Launched in 2003 (then called Labelexpo China), it was completely sold out three months in advance and has grown phenomenally since.
Labelexpo Asia is the show for the whole region, situated in Shanghai at the heart of the growth of the label industry in Asia. It is easy to see why so many label suppliers are looking towards China, not only is it the fastest growing market in the world, it is still young and the opportunities are available to everyone in equal measure. Market leaders in Europe, the Americas and the rest of Asia, do not have the same lead in China, where anyone has the potential to win the market.
Many large end users are also considering China and Asia as a source for their labeling needs, encouraging local printers/converters to invest in the latest high quality authentic machinery and materials all on display at Labelexpo Asia.
Labelexpo Asia is supported by CAPT (China Academy of Printing Technology) and all of the key printing and packaging magazines in the region, confirming its position as the label show to visit.
The market
The greater Asian region has been one of the powerhouses behind the global growth of label materials and technology in recent years. China alone now accounts for over 14% of global label consumption and is still growing rapidly at up to 15% per annum.
In China, the package printing sector (including labels, flexibles and cartons) currently accounts for nearly 50% of all printing in the country and has experienced tremendous expansion over the past 10 years with a growing increase in production volumes. China's accession to the World Trade Organisation and the country's opening to the outside world have also stimulated export trade and label usage. Goals for the Chinese government include improving the level of technical equipment in the printing industry, enhancing operation and management and enhancing global competitiveness.
