PUBLISHER: The Business Research Company | PRODUCT CODE: 1409835
PUBLISHER: The Business Research Company | PRODUCT CODE: 1409835
“Support Activities For Printing 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 support activities for printing 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 support activities for printing? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The support activities for printing 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.
Support activities for printing encompass a range of tasks involved in creating materials such as books, labels, business cards, stationery, newspapers, and similar items, along with ancillary functions. These activities are integral to the printing industry, typically resulting in essential products such as printing plates, bound books, computer disks, or digital files.
The primary categories within support activities for printing include pre-press services and post-press services. Pre-press services involve the creation of print layouts and the execution of all necessary processes to achieve the final printed output. These services are utilized across various types of enterprises, including small, medium, and large businesses, catering to both household and commercial applications.
The support activities for printing market research report is one of a series of new reports from The Business Research Company that provides support activities for printing market statistics, including support activities for printing industry global market size, regional shares, competitors with a support activities for printing market share, detailed support activities for printing market segments, market trends and opportunities, and any further data you may need to thrive in the support activities for printing industry. This support activities for printing 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 support activities for printing market size has grown strongly in recent years. It will grow from $26.85 billion in 2023 to $28.22 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. The expansion witnessed in the historical period can be attributed to several factors, including the growth of the traditional printing industry, the emergence and increasing prevalence of digital printing technologies, heightened demand for specialized finishing services, the influence of environmental regulations promoting sustainability, as well as the effects of globalization leading to complexities in supply chain management.
The support activities for printing market size is expected to see steady growth in the next few years. It will grow to $33.68 billion in 2028 at a compound annual growth rate (CAGR) of 4.5%. The anticipated growth in the forecast period can be linked to several factors such as the ongoing shift towards digital printing technologies, advancements in 3D printing methodologies, the increasing emphasis on customization and personalization in printing, a heightened focus on efficiency and automation, and the expanding scope of packaging printing. Key trends expected in this period include a growing demand for security printing, the rise of remote printing services, an increased focus on supply chain resilience, the development of digital textile printing methods, the adoption of cloud-based printing solutions, and the integration of augmented reality (AR) and QR codes into printing practices.
The growth of the support activities for printing market is expected to be driven by the growing advertising needs of enterprises. Advertising, a key marketing strategy involving the payment for space to promote a product, service, or cause, often utilizes printed materials in various media such as newspapers, magazines, brochures, and direct mail. The surge in advertising needs contributes to the expansion of the support activities for the printing market. In April 2022, a report by the International News Media Association highlighted a global growth of 4.8% in expenditure on advertising in print newspapers. Notably, in Germany, 89% of newspaper revenue is generated from print, and in Brazil, 64% of Folha de S. Paulo's advertising revenue comes from print. This data underscores how the increasing advertising needs of enterprises are a significant driver behind the growth of the support activities for printing market.
The growth trajectory of the support activities for printing market is also anticipated to be propelled by the increasing prevalence of e-commerce. E-commerce, involving the online buying and selling of goods and services, can benefit significantly from strategic support activities in printing. These activities contribute to enhancing overall operations, building a positive brand image, fostering customer loyalty, and improving the visual appeal of products. Customization, personalization, and minimizing the risk of damage during transit are additional advantages. In August 2023, the United States Census Bureau reported a 7.5% increase in the estimate for e-commerce in the second quarter of 2023 compared to the same period in 2022. Online stores accounted for 15.4% of all sales in the second quarter of 2023. This data underscores how the increasing prevalence of e-commerce is driving the growth of the support activities for printing market.
Product innovation stands out as a key trend in the support activities for the printing market, with major companies dedicating efforts to develop innovative solutions and strengthen their market positions. In January 2022, Carbon Inc., a US-based 3D printing technology company, introduced the M-Series 3D printers, harnessing the next generation of Digital Light Synthesis (DLS) printing. This advancement includes two models, the M3 and the M3 Max, offering an advanced end-to-end idea-to-production platform when coupled with the Carbon Design EngineTM and Carbon DLS materials. The system boasts features such as faster printing, simplified printer operations, reliable parts, easy installation, and a larger build area, emphasizing the company's commitment to pushing the boundaries of 3D printing technology.
User-friendly software programs are becoming a focal point for major companies in the support activities for the printing market, aimed at driving revenues and enhancing efficiency. In May 2023, Canon Inc., a Japan-based imaging and optical products specialist, launched PRISMAelevate XL, a powerful and user-friendly software program designed to assist print service providers and large format graphic designers in creating exceptional print solutions. This software enables users to enhance their product offerings with raised letters and printed textured effects for tactile print applications. Part of the PRISMA XL Suite, PRISMAelevate XL provides a comprehensive solution for producing personalized packaging, high-value print applications, and signage for the blind. This innovative software simplifies the creation of tactile print applications and contributes to the production of high-quality enhanced prints.
In June 2021, Ennis Inc., a US-based provider of business forms, pressure-seal forms, labels, tags, and envelopes, made a strategic move by acquiring AmeriPrint Corporation for an undisclosed amount. This acquisition enhances Ennis' product line by adding skills and expertise in areas such as barcoding and changeable imaging, providing greater depth to the company's existing offerings. AmeriPrint Corporation, a US-based printer specializing in business document printing services, aligns with Ennis Inc.'s strategic goals for growth and diversification.
Major companies operating in the support activities for printing market report are Dai Nippon Printing Co. Ltd., Deluxe Printing Group Inc., RR Donnelley, Ennis Inc., Hallmark Cards Inc., Bowne and Co. Inc., Cenveo Inc., FedEx Corporation, Japs-Olson Company, M&F Worldwide Corporation, Matlet Group LLC, Merrill Corporation, Office Depot LLC, Pitney Bowes Inc., Schawk Inc., Standard Register Company, Cimpress N.V., InnerWorkings Inc., Multi-Color Corporation, Rengo Co. Ltd., Shenzhen Sunshine Laser & Electronics Technology Co. Ltd., Taylor Corporation, The Bureau of Engraving and Printing, The C.J. Group of Companies, Dingley Press Inc., Garvey Group, Hennegan Company, John Roberts Company, The Marsid-M&M Group, Standard Group plc, Vomela Specialty Company, Toppan Printing Co. Ltd., Transcontinental Inc
Asia-Pacific was the largest region in the support activities for printing market in 2023. The regions covered in the support activities for printing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the support activities for printing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The support activities for the printing market include revenues earned by entities by providing services such as plate producing, data imaging, bookbinding, and book repairs. 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.