We expect 2025 to bring more stability rather than surprises: AGS' Vishnuu Kamat

How has 2024 been for AGS, and what’s your outlook for 2025?
The year 2024 has been strong for the packaging industry, and this momentum is set to continue. Companies are actively investing in machinery, which is a clear indication of sustained growth. We expect 2025 to bring more stability rather than surprises, with the industry progressing steadily.

Which product has been most in demand over the past year?
Our products are long-term investments, with a lifecycle of seven to eight years. Customers typically make purchases when expanding operations or upgrading facilities, making it difficult to pinpoint one dominant press. Sales are consistent across all presses, reflecting balanced demand across the market.

Are print volumes increasing? How do you see overall demand?
The packaging sector remains strong, and despite occasional fluctuations, demand for print is steadily growing.

With digital printing expanding, how is AGS adapting while ensuring offset remains relevant?
AGS operates primarily in the conventional printing market, and we firmly believe it is here to stay. While digital printing serves a distinct audience, offset printing continues to hold its ground and will remain an integral part of the industry. However, we also have products that cater to the digital printing market, ensuring we stay relevant in both segments.

Traditional print media is in decline. How has this impacted AGS?
Recognising early on that traditional print markets were evolving, AGS shifted its focus towards packaging print. Our product line is tailored to meet the demands of this sector, and any new additions align with our packaging-centric strategy.

Have you entered into any strategic collaborations or product innovations?
AGS recently partnered with EIZO, a global leader in colour-calibrated monitors. These monitors, used in the packaging industry, provide precise colour accuracy on screen, enabling high-quality pre-press operations. EIZO, a Japanese company, is recognised as the world’s leading manufacturer of accurate colour-calibrated monitors.

Mergers and acquisitions have increased in recent years. Will this trend continue?
Mergers and acquisitions are a natural part of any industry and provide leverage to both acquiring and merging companies. They contribute to the creation of stronger, more competitive organisations. I firmly believe that consolidation in the print industry will continue, reshaping market dynamics.

Leading packaging players are expanding into new areas. What’s your take on diversification?
Diversification is now a common industry trend. Many offset print companies are setting up flexo, gravure, or corrugation units to expand their capabilities. This opens up new opportunities, allowing printers to serve existing clients more comprehensively rather than losing business to competitors. It’s a win-win for both the client and the printer.

Looking ahead, what are the biggest challenges and opportunities for print over the next five years?
Both offset and digital printing will continue to grow at their own steady pace, each capturing its share of the market. The industry will see continued mergers and acquisitions, which will create opportunities for large print firms while also introducing challenges for small to medium businesses.

Key factors that will determine future growth include quality, innovation, pricing, and value addition. Companies that can balance these elements effectively will be best positioned to succeed in the evolving print landscape.