What is happening in the printing industry
Printing in the US industry trends (2018-2023)
Printing revenue has fallen at a CAGR of 3.0% to $82.9 billion over the past five years, including a 3.4% decrease in 2023 alone, when profit accounts for 4.1% of revenue. Digital competition diminishes consumer demand.
How is the printing industry changing
Digital printing is quickly outpacing analog, however, it's not totally replacing it. Analog printing is expected to have a growth rate of 0.8% by 2027. In comparison, the digital printing market is expected to grow by 5.7% and reach an estimated value of 189.8 billion by 2027.
What is the future of the print industry
Statistics show that the print industry will continue to expand for the foreseeable future. Printing in the US is projected to grow as a market by 1.6% in 2022 (IBISWorld). As long as people need to communicate, and find new and novel ways to do so, print will remain an essential part of the marketing mix.
Why is the printing industry in decline
Employment in printing and many related support activities has also been declining since the late 1990s. Digital technology advances have contributed to this decline in two key ways. First, by altering the marketplace as options to deliver data and information become more diverse.
Is print dead 2023
In a world where technology is constantly evolving and digital marketing is becoming more prevalent, it's easy to assume that traditional marketing methods, such as print, are becoming obsolete. But the truth is, print is far from dead in 2023.
Is the printing industry slow right now
After dealing with a slowdown in printer sales at the beginning of the COVID-19 pandemic, the printer industry is now dealing with another headwind: a slowing economy spurred by a variety of factors, including inflation and high interest rates.
Will the printing industry survive
As their research showed, printed media is not dying out just yet and is in fact, seeing a bit of a resurgence if anything. Therefore, despite the fact that many companies are now spending less on print than they have done in previous years, that's no reason to think that the form of media is any less important.
Does print media have a future
Print is evolving
Despite the decline print has experienced over the past few years, the industry is transforming and the future is looking optimistic. The future of print media is looking to be on the rebound because of the unprecedented expansion the industry is experiencing.
Is printing dead or dying
Despite the mass migration to electronic media, new research shows that print is not dead. It's still very much alive and kicking.
Why is print media dying
More and more consumers choose to read news and explore special interest articles on their digital devices rather than read a print publication. The result is a staggering decrease in print advertising revenue, raising concerns across the industry and signalling a shift towards a focus on digital advertising.
Why is print dying
The technological shift had a profound impact on the print media industry: traditional newspapers and magazines struggled to compete with the instant access and convenience provided by digital media, resulting in a decline in print readership.
Will printing become obsolete
No, printers aren't becoming obsolete. Wherever you may be, take a second to look around. How many printed items can you see
What is the future of global printing
Total print volumes are forecast broadly and unchanged at 49.5 trillion A4 sheets between 2019 and 2024. During the same period overall value will increase at 1.3% year-on-year in real terms, from $818 billion in 2019 to $874 billion in 2024 – illustrating that value-adding potential still exists.
Why print media is dying
The technological shift had a profound impact on the print media industry: traditional newspapers and magazines struggled to compete with the instant access and convenience provided by digital media, resulting in a decline in print readership.
Is the printing business dying
In America, 25,000 companies are specialists in commercial printing. It generates approximately $900 billion in revenue annually. Hence, don't believe that "printing is dead." It is a hoax. Advanced print technology has a far-fetched future, embracing innovative media and communication waves that go beyond imagination.
