After Covid, business, graphics, publications, packaging and label printing are all facing the fundamental challenge of adapting to the market space. The good news-as described in Smithers' new report "The Future of Global Printing in 2026"-is that after a highly disruptive 2020, the market has recovered in 2021; although this is in all market segments China is not unified.
The total value of global printing in 2021 will reach 760.6 billion U.S. dollars, which is equivalent to 41.9 trillion A4 prints produced globally. This is an increase from USD 750 billion in 2020, but sales have further declined, reducing 5.87 trillion A4 prints from 2019. This effect is most obvious in publications, some graphics, and commercial applications. Locking (staying at home) orders led to a sharp decline in magazine and newspaper sales, which was only partially compensated by the short-term increase in education and leisure book orders; many regular commercial printing and graphics jobs were cancelled. Packaging and label printing are more flexible and provide a clear strategic focus for the development of the industry in the next five years.
With the steady return of the end-use market, investment in new printing and finishing equipment will reach $15.9 billion this year.
Smithers predicts that by 2026, packaging and labelling and new demand from Asian growth economies will drive moderate growth—compound annual growth rate (1.9% by value, at constant prices). By 2026, the total value is expected to reach 834.3 billion US dollars. Sales growth will slow at a compound annual growth rate of 0.7% and will increase to 43.4 trillion A4 paper equivalent by 2026, but most of the sales lost in 2019-2020 will not be recovered.
Responding to the rapid changes in consumer needs, while modernizing the printing room and business processes, is critical to the future success of companies at all stages of the printing supply chain. Smithers’ expert analysis identified the following main trends, which will provide information in 2021-2026.
The future of global printing by 2026 includes the authoritative history of the printing industry, current and future market forecasts, presented in more than 400 data tables and figures. The market segmentation is:
This is supported by additional data on printing substrate demand, printing plate usage, ink consumption, and equipment sales; as well as expert analysis of the technology and business trends that will reshape the industry through 2026.
The previous press release was provided by a company that has nothing to do with printing impressions. The opinions expressed therein do not directly reflect the thoughts or opinions of the printed impression.
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