PUBLISHER: The Business Research Company | PRODUCT CODE: 1387631
PUBLISHER: The Business Research Company | PRODUCT CODE: 1387631
“Printing And Related Support Activities Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on printing and related support activities market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for printing and related support activities? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The printing and related support activities market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Printing and Related Support Activities encompass a wide range of tasks, including the production of various printed materials such as newspapers, books, labels, business cards, stationery, and more. These activities also involve supporting tasks like data imaging, platemaking, and bookbinding, primarily for educational and commercial purposes.
The primary categories within printing and related support activities include printing and support activities for printing. Printing is the process of reproducing text and images on paper using ink and a printing press. Various technologies are employed in this field, including flexography printing, rotogravure printing, digital printing, offset printing, and others. Printing and related support activities find applications in various sectors, including packaging, advertising, publishing, and more.
The printing and related support activities market research report is one of a series of new reports from The Business Research Company that provides printing and related support activities market statistics, including printing and related support activities industry global market size, regional shares, competitors with a printing and related support activities market share, detailed printing and related support activities market segments, market trends and opportunities, and any further data you may need to thrive in the printing and related support activities industry. in-depth printing and related support activities market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The printing and related support activities market size has grown steadily in recent years. It will grow from $383.69 billion in 2023 to $402.53 billion in 2024 at a compound annual growth rate (CAGR) of 4.9%. The growth observed during the historical period can be attributed to various factors, including economic conditions, the shift towards digitalization and online media, as well as the adoption of cross-media marketing strategies.
The printing and related support activities market size is expected to see steady growth in the next few years. It will grow to $477.24 billion in 2028 at a compound annual growth rate (CAGR) of 4.3%. The projected growth in the forecast period can be attributed to factors such as the continued growth of e-commerce, post-pandemic economic recovery, and the increasing adoption of augmented reality (AR) and virtual reality (VR) technologies. Noteworthy trends in the forecast period encompass the use of 3D printing, a focus on sustainability and eco-friendly practices, the implementation of web-to-print solutions, the promotion of sustainable printing practices, the utilization of personalization and variable data printing, the expansion of remote printing services, and the emergence of hybrid printing solutions.
The global growth of the packaging industry is a significant driving force behind the expansion of the printing and related support activities market. Printing and related support activities play a crucial role in the packaging sector by adding vibrant colors, text, and appealing graphics to packaging materials. This not only enhances the appearance of products but also contributes to branding. For instance, a report from Smithers Pira, a UK-based company specializing in testing and accreditation services, predicts that the worldwide packaging industry will reach a substantial value of $1.05 trillion by 2024. Additionally, according to Creative Print and Pack Pvt Ltd (CPP) Insights, an India-based provider of printing and packaging solutions, the global packaging market is poised to grow at an annual rate of nearly 3% from 2021, eventually exceeding $1.2 trillion by 2028. Thus, the growing packaging industry is expected to be a key driver of the printing and related support activities market.
The increasing demand for processed foods is set to propel the growth of the printing and related support activities market. Processed foods are those that have undergone various transformations from their natural state through processes like cooking, preservation, or the addition of artificial ingredients. These modifications are made to improve shelf life, flavor, or convenience. The surging demand for processed foods significantly benefits the Printing and Related Support Activities industry as it necessitates high-quality packaging and labeling. This, in turn, creates a substantial need for printing services to produce attractive and informative packaging materials. For example, in the USA, processed foods are expected to make up nearly 70 percent of the daily diet, as reported by Standard Process Inc., a Vietnam-based nutritional supplement company. Furthermore, according to the Agricultural and Processed Food Products Export Development Authority, a government trade promotion body in India, the total exports of goods have increased from USD 11,056 million in April to September 2022 to USD 13,771 million. This surge underscores the rising demand for processed foods, which, in turn, drives the need for printing and related support activities.
The rapid development of metal 3D and LED-UV printing technologies is making a significant impact on the offline post-press and finishing services market. These technologies offer energy efficiency, shorter lead times, environmental friendliness, consistent quality, and extended lifespan. They enable immediate post-press enhancements to printed products and provide a wide range of colors, even on uncoated stock. Notable companies like Materialize NV, a 3D printing service provider and software developer, are heavily investing in metal 3D printing technologies.
Major companies within the printing and related support activities market are focusing on innovating new solutions to strengthen their market presence. Growth investments play a pivotal role in expanding manufacturing capabilities and improving efficiency. Investments in new equipment, infrastructure, and human resources can significantly enhance manufacturing operations. As an example, in August 2021, Wikoff Color, a U.S.-based manufacturer of printing inks and coatings, inaugurated a new manufacturing facility in Milwaukee, Wisconsin. This facility primarily serves the flexible packaging market and acts as a central hub for the company's water-based and solvent-based gravure operations. With this new 40,000 square-foot plant in Lisbon, Wisconsin, dedicated to ink and print, Wikoff Color now operates from 34 manufacturing locations. The company's expansion signifies its strong commitment to innovation and growth in the printing and related support activities sector.
Major companies operating in the printing and related support activities market include Dai Nippon Printing Co. Ltd., Taylor Corporation, RR Donnelley, LSC Communications Inc., Shutterfly LLC, Quad/Graphics Inc., Ennis Inc., Japs-Olson Company, Gannett Co. Inc., Dai Nippon Printing Co. Ltd., Hewlett-Packard Company, Konica Minolta Inc., Brother Industries Ltd., Eastman Kodak Company, Lexmark International Inc., Electronics For Imaging Inc., MGI Digital Technology, Oki Data Corporation, Agfa Gevaert NV, Fujifilm Holdings Corporation, Komori Corporation, Cenveo Corporation, Cimpress PLC, Landa Digital Printing, Transcontinental Inc., Deluxe Corporation, Multi-Color Corporation, Veritiv Corporation, Allen Press Inc., O'Neil Printing Inc.
Asia-Pacific was the largest region in the printing and related support activities market in 2023. North America was the second largest region in the printing and related support activities market. The regions covered in the printing and related support activities market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the printing and related support activities market report are: Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa
The printing and related support activities market includes revenues earned by entities by printing material, screen printing, letterpress printing, and digital printing. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.