How Is The Printing And Related Support Activities Market Segmented?
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
What Is Driving The Printing And Related Support Activities Market? Packaging Industry Expansion Fuels Growth In Printing And Related Support Activities Market
The growth in the packaging industry across the globe drives the growth of printing and related support activities market. Printing and related support activities are used in packaging to add colors, text, and graphics to packaging supplies. Printing also helps to individual product and the brand behind it. For example, according to Smithers Pira, a UK based company that provides specialist testing, evaluation and accreditation services, the world packaging industry will reach $1.05 trillion by 2024. Also, according to Creative Print and Pack Pvt Ltd (CPP) Insights, an India based printing and packaging solution provider, the global packaging market is set to expand by almost 3% per annum from the year 2021, reaching over $1.2 trillion by 2028. Therefore, the rise in packaging industry leads is expected to drive the growth of the printing and related support activities market.
What Is Driving The Printing And Related Support Activities Market? Increasing Demand For Processed Food Boost The Printing Support Activities Market
Increasing demand for processed foods is expected to propel the growth of the printing and related support activities market going forward. Processed foods are foods that have undergone alterations from their natural state through cooking, preservation, or the addition of artificial ingredients for improved shelf life, flavor, or convenience. The increasing demand for processed food benefits the Printing and Related Support Activities industry as it drives the need for high-quality packaging and labeling, creating a surge in demand for printing services to produce attractive and informative packaging materials. For instance, according to the article published by Standard Process Inc., a Vietnam-based nutritional supplement company. Furthermore, according to the Agricultural and Processed Food Products Export Development Authority, an Indian apex-export trade promotion active government body, the total export of goods from the Agricultural and Processed Food Export Development Authority (APEDA) climbed from USD 11056 million in April to September 2022 to USD 13771 million. Therefore, the increasing demand for processed foods is driving the demand for printing and related support activities.
Who Are The Major Players In The Global 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 Key Trends Of The Global Printing And Related Support Activities Market? Emergence Of Metal 3D And Led-Uv Printing
The introduction of metal 3D and LED-UV printing is developing rapidly in the offline post-press and finishing services market. These save energy, has shorter lead times, are environmentally friendly, provides consistent quality and have longer life. These technologies permit the immediate post-press of print products and impresses with a variety of colors, even on uncoated stock. For instance, companies such as Materialize NV, a 3D printing service provider and software developer are heavily investing in metal 3D printing technologies.
What Are The Key Trends Of The Global Printing And Related Support Activities Market? Innovations In Flexographic Printing Enhancing Efficiency And Quality In Commercial Printing
Major companies operating in the printing and related support activities market focus on developing flexographic printing presses to enhance printing efficiency, improve print quality, reduce production costs, and accommodate a wide range of materials for packaging, labeling, and other commercial printing applications. Flexographic printing press is a high-speed printing machine that uses flexible relief plates to transfer ink onto various substrates, including plastic, paper, and metallic films. It is designed to fulfill just-in-time market requirements, providing the agility needed for short-run production of value-added, sustainable flexible packaging. For instance, in October 2023, Koenig & Bauer AG, a Germany-based company, launched XD Pro CI Flexo Press, a central impression (CI) flexographic printing press. The XD Pro is engineered for high-speed printing capabilities, achieving speeds of up to 500 meters per minute (1,640 feet per minute) while maintaining premium print quality across a variety of substrates, including films, laminates, and paper. It accommodates printing widths ranging from 1,000 mm (39.37 inches) to 1,400 mm (55.12 inches) and can be configured with either 8 or 10 printing units.
Regional Outlook For The Global Printing And Related Support Activities Market
Asia-Pacific was the largest region in the printing and related support activities market in 2024. 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
What Defines the Printing And Related Support Activities Market?
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.
How is Market Value Defined and Measured?
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.
What is the Market Assessment and Strategic Outlook for the Printing And Related Support Activities Industry?
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.
