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Introduction
Definition of Printing Industry
The printing industry refers to the businesses and activities involved in the production of printed materials, such as books, newspapers, magazines, marketing and advertising materials, packaging, labels, and other similar products. Printing can be done using various techniques, such as offset printing, digital printing, letterpress, and flexography, among others. The industry encompasses a broad range of players, from printing companies and equipment manufacturers to graphic designers and marketing agencies.
Importance of Printing Industry
The printing industry is essential to the economy and society at large. Printed materials are still widely used for communication, information dissemination, marketing, and education, among other purposes. The industry employs millions of people worldwide and contributes significantly to the gross domestic product (GDP) of many countries. In addition, the printing industry supports other sectors, such as publishing, advertising, and packaging, by providing them with the necessary materials and services. Printing also plays a vital role in preserving cultural heritage and promoting literacy and education. Finally, the printing industry is constantly evolving and innovating, with new technologies and trends emerging that continue to transform the way we produce and consume printed materials.
Current Trends in the Printing Industry
Green and Sustainable Printing
At first, we want to show the printing industry trend most worth following - green, eco-friendly printing. In this, they use renewable energy resources in the process, using recycled materials to manufacture. Some businesses use free chemistry materials such as soy ink (ink made from soy), it is easy to recycle, and more environmentally friendly than other ink. Not only that, they use tree-free paper, paper made from jute, wheat, straw, or agricultural waste. All of us are take printing more eco-friendly.
Using materials more environmentally friendly such as inks, finishes, and papers that will decompose easily and that won’t release harmful chemicals into the environment. And using energy-efficient equipment, that operates using less electricity. All of them can reduce the impact on the environment, and printers become more sustainable.
Digital Printing
Using materials more environmentally friendly such as inks, finishes, and papers that will decompose easily and that won’t release harmful chemicals into the environment. And using energy-efficient equipment, that operates using less electricity. All of them can reduce the impact on the environment, and printers become more sustainable.
3D Printing
This solution can make products complicated but use fewer materials than traditional. Using materials like metals, resin, and cement, they apply this solution to build houses faster and make prototypes, and tools easier and cheaper. 3D printing has many benefits: low cost- making prototypes by 3D printing need less material than traditional methods. Save time: make the product by machine faster than making it handwork.
Learn more about 3D printing from the below video.
Pocket Printers
Pocket printers will become a new trend in the printing industry, it makes many people excited because of their mini size.
Compact printers allow you to bring them in your pocket everywhere. You can print directly from your mobile device. You just connect your device to the printer with Bluetooth and print, it is easy to use. Then, one reason why people use the Pocket printer, it doesn’t require ink. So, it is considered an environmentally friendly product, it uses special ink that has no harmful chemicals and never needs to be refilled, which is safe and sustainable for the environment.
Personalization
Personalized product is a trend that is generated long ago, but it still maintains appeal until now and maybe future. Web to print is integrated with an online design tool is the best solution that can bring to the use the experience of personalizing the product.
Cloud Printing
Cloud printing allows customers to print by connecting their mobile device to a cloud printer and printing everywhere without a computer. With its convenience, cloud printing gives users a completely new experience in printing. Although it is not a new trend, in the pandemic crisis, cloud printing becomes a trend one more time.
Some printing industry trends will make you catch up with the market. Then you can have a strategy to satisfy your customers. Some statistics can demonstrate the development of the printing industry and it can give you an overview of this industry.
Personalization
Personalized product is a trend that is generated long ago, but it still maintains appeal until now and maybe future. Web to print is integrated with an online design tool is the best solution that can bring to the use the experience of personalizing the product.
Cloud Printing
Cloud printing allows customers to print by connecting their mobile device to a cloud printer and printing everywhere without a computer. With its convenience, cloud printing gives users a completely new experience in printing. Although it is not a new trend, in the pandemic crisis, cloud printing becomes a trend one more time.
Some printing industry trends will make you catch up with the market. Then you can have a strategy to satisfy your customers. Some statistics can demonstrate the development of the printing industry and it can give you an overview of this industry.
Printing Industry Statistics
The printing industry is composed of both traditional printing companies and newer digital printing companies.
Some of the major players in the industry include Quad/Graphics, Inc., R.R. Donnelley & Sons Company, and Transcontinental Inc. in the traditional printing space, and HP Inc., Xerox Holdings Corporation, and Canon Inc. in the digital printing space.
The competitive landscape of the industry is highly fragmented, with many small and medium-sized companies competing for market share.
According to the IBISWorld report, data on the Commercial Printing Industry and the United States Printing Industry is shown in particular.
Commercial Printing Industry Statistics
Through the statistics, you can see an overview printing industry. It tells about growth speed and revenue. Regardless, of Covid-19, revenue from print advertising increased by 18% between 2019 and 2020, and it is forecasted to reach $821 billion by 2022. But in China, the impact of Covid-19 caused print production in China to fall by up to 80%, this is bad news for China's economy. The pandemic has passed with the expectation of many economic sectors increasing, and the printing industry in China is also expected to grow after the crisis.
The commercial printing industry is undergoing a gradual transformation from traditional large offset printing presses to more efficient and environmentally friendly digital printing machines.
According to market research firm IBISWorld, digital printing's market share is expected to rise from 15.7% in 2017 to 19.3% in the coming year.
The global printing industry is projected to reach $821 billion by 2022.
Revenue from print advertising experienced an 18% increase between 2019 and 2020.
During the global pandemic, print production in China decreased by as much as 80%.
Packaging accounts for 50% of China's printing revenue, while traditional publishing represents 30% of the country's printing market.
Industrial printers generated 76% of the global printing market revenue in 2020.
Print-on-Demand during COVID-19 and beyond
Regardless of Covid 19, Print on demand is still growing stronger because people tend to buy through e-commerce websites. The global print-on-demand market size was valued at USD 4.90 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 26.1% from 2022 to 2030.
Access to get more information about Print-on-Demand The Ultimate Guide to Starting a Print-on-Demand Business.
Web-to-Print Industry Statistic
The web-to-print industry is still expected to grow exponentially. According to the Booklets Print report, this industry has grown exponentially since the development of eCommerce and digital payment solutions. Research and Markets report the global web-to-print market is valued at $983.4 million in 2020. The current rate of market growth is 6.6% and the global web-to-print market is expected to reach a value of $1500 million by 2027.
Dropshipping Statistics
With the development of the internet and e-commerce, Dropshipping is becoming popular. It is expected will grow stronger in the future.
According to Market Data Forecast, the global dropshipping market is valued at $128 billion in 2020 and is expected to reach $196.78 billion in 2022. Oberlo predicts an annual growth rate of the dropshipping market from 2020 to 2026 to be 24%. Along with this growth, the dropshipping market could reach $243.42 billion by 2023, reach $476.1 billion by 2026, and reach $500 billion mark in 2027.
Refer to How to Start a Dropshipping T-Shirt Business if you want to know more information about starting a dropshipping business
Custom T-shirt Printing Industry Statistics
T-shirt printing on demand is becoming more popular because of the trend for customized products. Some figures can be mentioned when talking about the global printing market such as the t-shirt printing market was valued at $3.64 billion in 2020 and the CAGR is expected to increase to 9.7% from 2021 to 2028.
The latest printing industry trend, digital printing has become the fastest-growing segment of the t-shirt industry. It is expected to reach $34.3 billion by 2026, at a CAGR of 6.7%. (Grand View Research). In Global, Asia Pacific is the second largest 3D printing market accounting for over 36% of the global revenue. And Asia Pacific and European are expected to be the largest growth driver of the market.
If you care about the T-shirt printing industry, You can refer Free E-books To Help You Launch A Successful T-shirt Business.
3D Printing Statistics
One of the printing industry trends is 3D printing. In its report, Ibisworld pointed out that 3D printing is the fastest-growing trend and continues in the future. Not only that, 3D printing is considered a factor promoting the printing market.
In 2020, the global 3D printing market was valued at $12.6 billion and $13.7 billion in 2021. The growth does not stop here when they expect it to grow by 21% from 2021 to 2028. The next growth momentum of the 3D printing market is predicted to reach $37.2 billion by 2026. Product development is considered the most important in 3D print manufacturing. And General Electric holds the most 3D printing patents in the US.
Who Benefits from Printing Industry Trends?
Consumers
Consumers benefit from printing industry trends through the availability of high-quality, personalized, and affordable printed products. The integration of new technologies such as augmented reality and smart printing can enhance the consumer experience and provide added value. For example, consumers can use their smartphones to scan a printed product label and receive information about the product, including reviews and related products.
Printing Companies
Printing companies benefit from industry trends by increasing production efficiency, reducing costs, and improving product quality. The adoption of automation, hybrid printing, and direct-to-shape printing technologies can help printing companies to remain competitive in the market and provide unique and innovative products to their clients. The integration of printed electronics can also open up new markets and revenue streams for printing companies.
Marketing and Advertising Agencies
Marketing and advertising agencies benefit from printing industry trends by having access to innovative and high-quality printing solutions that can enhance their clients' campaigns. The integration of augmented reality, smart printing, and personalized printing can help to increase engagement and improve campaign performance. The ability to print on irregular or curved surfaces using direct-to-shape printing can also provide new opportunities for product packaging and promotion.
Graphic Designers
Graphic designers benefit from printing industry trends by having access to new and innovative printing technologies that can enhance their designs and provide unique and creative solutions for their clients. The integration of printed electronics, augmented reality, and direct-to-shape printing can enable graphic designers to create new and innovative designs that were not possible with traditional printing methods.
Manufacturers
Manufacturers benefit from printing industry trends by having access to innovative packaging solutions that can improve product quality, reduce waste, and enhance the consumer experience. The integration of direct-to-shape printing can provide manufacturers with the ability to print on irregular or curved surfaces, eliminating the need for labels and reducing waste. The integration of printed electronics can also enable the production of smart packaging solutions that can provide real-time information on product quality and performance.
Publishers
Publishers benefit from printing industry trends by having access to innovative printing technologies that can enhance the quality of their printed products, reduce costs, and provide unique and creative solutions for their readers. The adoption of hybrid printing and personalized printing can enable publishers to provide unique and customized products to their readers, increasing engagement and improving reader loyalty. The integration of printed electronics can also provide new opportunities for publishers to create interactive and engaging content.
Educational Institutions
Educational institutions benefit from printing industry trends by having access to innovative printing technologies that can enhance the learning experience for students. The integration of augmented reality and smart printing can provide interactive and engaging learning materials that can help students to understand complex concepts. The adoption of direct-to-shape printing can also provide new opportunities for educational institutions to create innovative teaching aids and tools.
Future Trends in the Printing Industry
Industry Trends
The printing industry is experiencing a shift towards digital printing, which offers advantages such as faster turnaround times, lower costs, and greater flexibility in customization.
The industry is also seeing an increasing demand for sustainable printing practices, such as using eco-friendly materials and reducing waste.
The rise of e-commerce and online shopping has led to an increase in demand for packaging and labels, which has created new opportunities for companies in the printing industry.
Industry Automation
Industry automation involves the use of advanced technology, such as robotics, artificial intelligence, and machine learning, to automate various processes in the printing industry. Automation can help printing companies to reduce labor costs, increase production efficiency, and improve product quality. For example, some printing companies are using robotic systems to perform tasks such as paper handling, ink mixing, and color matching, which can be time-consuming and labor-intensive. Automation can also help to reduce errors and improve accuracy in tasks such as color calibration and proofing.
Augmented Reality
Augmented reality (AR) is a technology that overlays digital content onto the physical world, creating an interactive and immersive experience for users. In the printing industry, AR can be used to enhance printed materials by adding digital content such as videos, animations, and interactive features. For example, a printed brochure can be enhanced with AR technology to provide customers with additional product information, videos demonstrating the product in action, and links to purchase the product online.
Printed Electronics
Printed electronics refers to the use of printing technology to produce electronic components such as sensors, displays, and circuits. This technology enables the production of lightweight, flexible, and low-cost electronic devices that can be integrated into various products. In the printing industry, printed electronics can be used to create smart packaging, wearable devices, and other innovative products.
Direct-to-Shape Printing
Direct-to-shape printing is a process that enables printing directly onto three-dimensional objects, such as bottles, cans, and containers. This technology enables high-quality and precise printing on irregular or curved surfaces, making it ideal for packaging, product labeling, and other applications. Direct-to-shape printing can also help to reduce the environmental impact of printing by eliminating the need for labels and reducing waste.
Hybrid Printing
Hybrid printing combines two or more printing technologies to create new and innovative printing solutions. For example, hybrid printing can combine digital and offset printing to create personalized marketing materials with high-quality images and text. Hybrid printing can also enable the production of unique and complex printing projects that would be difficult or impossible to achieve using a single printing technology.
Smart Printing
Smart printing involves the use of printing technology to create products with embedded sensors, circuits, and other electronic components that can collect and transmit data. This technology enables the production of smart packaging, labels, and other products that can provide real-time information on product quality, location, and other important metrics. Smart printing can also help to improve supply chain efficiency, reduce waste, and enhance customer engagement.
Challenges Facing the Printing Industry
The rise of digital media has led to a decline in demand for traditional printed materials such as newspapers and magazines.
Competition from other forms of advertising, such as online ads and social media, has also put pressure on the printing industry.
The industry is also facing rising costs of raw materials and labor, which can impact profitability.
Nothing can prevent the development of the printing industry in the world although during the covid 19 epidemic, it is showing signs of slowing down. However, according to the data, the printing industry is gradually recovering. At the top of the article we have provided you with 5 printing industry trends in current, and now we will talk about future printing industry trends.
Future Outlook for the Printing Industry
The printing industry is expected to continue growing, with digital printing expected to become increasingly dominant.
Advances in technology, such as 3D printing, may create new opportunities for companies in the printing industry.
Companies in the printing industry will need to continue adapting to changing market conditions and investing in new technologies in order to stay competitive.
3D printing is one of the fastest-growing printing industry trends. And they believe it will take more convenient and advanced for people in the future.
4D printing will become a big trend in the printing industry in the future because of its outstanding features. It has features that are superior to 3D printing. 4D printing is considered an extension of 3D printing, and the fourth dimension is expanded, it is called time. In 3D printing, the shape just can change in the process. But in 4D printing, the shape can change after print when impacted by another source such as temperature, water,…
What different between 3D printing and 4D printing? This video will clarify for you.
Summary
Implications for Printing Industry
The printing industry is constantly evolving, with new technologies and trends emerging that can impact the industry's growth and profitability. Automation, augmented reality, printed electronics, direct-to-shape printing, hybrid printing, and smart printing are some of the emerging trends that are shaping the industry's future. These trends can have implications for printing companies, consumers, graphic designers, manufacturers, publishers, and educational institutions. Printing companies will need to adapt to these trends by investing in new technologies, processes, and training to remain competitive in the market.
Recommendations for Future Printing Industry
By adopting these recommendations, printing companies can position themselves for success in the future printing industry.
Rose Helen
With years of experience, Rose Helen possesses an in-depth understanding of e-commerce platforms, technologies, and best practices. She works closely with clients to analyze their needs, develop tailored strategies, and execute effective project plans that drive growth and success.
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Rose Helen is a strategic thinker who leverages her extensive knowledge to identify opportunities for improvement and innovation. She provides valuable insights and recommendations to optimize e-commerce processes, enhance user experiences, and increase online sales.
With her strong communication and collaboration skills, Rose Helen builds strong relationships with clients and key stakeholders. She fosters a collaborative environment, working closely with cross-functional teams to ensure seamless project execution and alignment with business objectives.
Beyond her technical expertise, Rose Helen is dedicated to delivering exceptional client service. She goes above and beyond to understand her clients' unique requirements and provide them with personalized solutions that drive tangible results. Her commitment to client success is evident in her approach and the long-term relationships she builds.
Rose Helen's passion for e-commerce, coupled with her extensive experience and project management skills, makes her a valuable asset for organizations looking to thrive in the digital landscape. With her guidance, businesses can navigate the complexities of e-commerce projects and achieve their objectives with confidence and success.