The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Steady Growth Trajectory: Market Overview
The printing and related support activities market has experienced a steady surge in recent years. The market size is poised to leap from $383.69 billion in 2023 to $402.53 billion in 2024, exhibiting a compound annual growth rate (CAGR) of 4.9%. This growth is attributed to various factors, including economic conditions, digitalization, and the omnipresence of online media. As we project into the future, the market is expected to maintain its upward trajectory, reaching $477.24 billion in 2028 with a CAGR of 4.3%. The forecasted growth is fueled by e-commerce expansion, post-pandemic recovery, and the integration of augmented reality (AR) and virtual reality (VR).

Riding the Waves: Key Drivers of Growth

Increasing Demand for Processed Food

• The surge in demand for processed foods is a significant catalyst for market growth.
• Processed foods require high-quality packaging and labeling, driving the need for printing services.
• As per Standard Process Inc., processed foods are projected to account for nearly 70% of the daily diet in the USA.

E-commerce Boom and Post-Pandemic Recovery

• The growth of e-commerce post-pandemic is a pivotal factor driving the printing industry.
• The need for packaging materials, promotional materials, and personalized branding in the e-commerce space is propelling the demand for printing services.

Embracing Technology Trends

• Major trends in the forecast period include 3D printing, sustainability practices, web-to-print solutions, and remote printing services.
• Embracing technology trends like augmented reality (AR) and virtual reality (VR) is opening new avenues for the industry.

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Market Dynamics: Companies Making Strides

Major Players in the Industry

• Dai Nippon Printing Co. Ltd., Taylor Corporation, RR Donnelley, LSC Communications Inc., and Shutterfly LLC are among the key players.
• Technology giants like Hewlett-Packard Company, Konica Minolta Inc., and Brother Industries Ltd. are shaping the landscape.

Investment Towards Factory Development

• Key companies are focusing on growth investments to enhance manufacturing and efficiency.
• Wikoff Color’s new manufacturing facility in Milwaukee, Wisconsin, illustrates the commitment to innovation and growth in the industry.

Market Segmentation: Navigating the Landscape

The printing and related support activities market is segmented based on type, technology, and application.

By Type:

• Printing
• Support Activities For Printing

By Technology:

• Flexography Printing
• Rotogravure Printing
• Digital Printing
• Offset Printing
• Other Technologies

By Application:

• Packaging
• Advertising
• Publishing
• Other Applications

Subsegments Covered:

• Commercial Printing (except Screen and Books)
• Commercial Screen Printing
• Books Printing

Regional Dominance: Asia-Pacific Takes the Lead
In 2023, Asia-Pacific emerged as the largest region in the printing and related support activities market. The region’s dominance is indicative of the global shift in economic power and the growing influence of Asian markets in various industries.

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The Printing And Related Support Activities Global Market Report 2023  provides comprehensive insights on the printing and related support activities market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the printing and related support activities market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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