How Has the Printing And Related Support Activities Market Size Evolved in Recent Years?
The printing and related support activities market has seen considerable growth due to a variety of factors.
• In recent years, the market size for printing and related support activities has seen robust growth. It is projected to escalate from a value of $364.34 billion in 2024 to an approximate of $383.73 billion in 2025, with a compound annual growth rate (CAGR) of 5.3%.
Factors such as economic conditions, the rise of digitalization and online media, along with cross-media marketing can be credited for the growth witnessed during the historic period.
What Are The Predictions for The Printing And Related Support Activities Market in the Coming Years?
The printing and related support activities market is expected to maintain its strong growth trajectory in upcoming years.
• In the upcoming years, the market size for printing and related support activities is anticipated to experience continuous expansion. It is projected to reach $453.97 billion in 2029, with a compound annual growth rate (CAGR) of 4.3%.
Potential growth during this forecast period can be largely attributed to the rise of e-commerce, recovery following the pandemic, as well as advancements in augmented reality (AR) and virtual reality (VR). Key trends during the forecast period include developments in 3D printing, sustainability and eco-friendly initiatives, web-to-print approaches, green printing, customization and variable data printing, remote printing services, and hybrid printing.
Which Drivers Are Accelerating Growth In The Printing And Related Support Activities Market?
The increasing expansion of the global packaging industry is propelling the growth of the printing and related support activities market. Packaging utilizes printing and related support activities for the inclusion of color, text, and graphics. It also enables the unique distinction of a product and its associated brand. As reported by Smithers Pira, a UK-based company offering specialized testing, evaluation, and accreditation services, the worldwide packaging industry is projected to achieve $1.05 trillion by 2024. Additionally, CPP Insights, a printing and packaging solution provider based in India, predicts that the global packaging market will grow nearly 3% annually from 2021, surpassing $1.2 trillion by 2028. Consequently, the burgeoning packaging industry is anticipated to stimulate the growth of the printing and related support activities market.
What Are The Core Segments Of The Global Printing And Related Support Activities Market?
The printing and related support activities market covered in this report is segmented –
1) By Type: Printing, Support Activities For Printing
2) By Technology: Flexography Printing, Rotogravure Printing, Digital Printing, OffSet Printing, Other Technologies
3) By Application: Packaging, Advertising, Publishing, Other Applications
Subsegments:
1) By Printing: Commercial Printing, Digital Printing, Lithographic Printing, Flexographic Printing, Gravure Printing, Screen Printing, Other Printing Types
2) By Support Activities for Printing: Pre-Press Services, Post-Press Services, Printing Plate Preparation, Binding and Finishing Services, Other Support Activities
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How Are New Trends Impacting The Size Of The Printing And Related Support Activities Market?
The advent of metal 3D and LED-UV printing technologies has seen significant growth in the offline post-press and finishing services sector. These technologies are energy-efficient, promote shorter lead times, foster environmental sustainability, ensure constant high-quality results, and have an extended lifespan. They allow the straightaway post-press of printed products and offer a wide range of colors, even on uncoated materials. For example, Materialize NV, renowned for its 3D printing services and software development, pours substantial investment into metal 3D printing technologies.
Who Are the Key Players In The Printing And Related Support Activities Market?
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.
What Are The Regional Insights Into The Printing And Related Support Activities Market?
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.
