Press release
Dynamic Growth in Printing and Related Support Activities Market: A Comprehensive Overview
Dynamic Growth in Printing and Related Support Activities Market
The printing and related support activities market has experienced steady growth, advancing from $383.69 billion in 2023 to $402.53 billion in 2024, manifesting a commendable compound annual growth rate (CAGR) of 4.9%. This trajectory is anticipated to persist, propelling the market to $477.24 billion by 2028, maintaining a CAGR of 4.3%.
Packaging Industry Prowess:
The expansive growth in the global packaging industry serves as a primary driver for the printing and related support activities market. These activities play a crucial role in packaging by adding colors, text, and graphics to packaging supplies, enhancing product individuality and brand representation. Notably, the world packaging industry is projected to reach $1.05 trillion by 2024, fostering the demand for printing and related support services.
Surge in Processed Food Demand:
The increasing demand for processed foods emerges as a significant growth catalyst for the market. Processed foods, constituting nearly 70% of the daily diet in the USA, fuel the need for high-quality packaging and labeling. This surge in demand for printing services results from the requirement to produce attractive and informative packaging materials, further strengthening the printing and related support activities market.
Explore the Global Printing And Related Support Activities Market with a Detailed Sample Report:
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Key Market Players:
Prominent companies contributing to the vibrant landscape of the printing and related support activities market include Dai Nippon Printing Co. Ltd., Taylor Corporation, RR Donnelley, Shutterfly LLC, Quad/Graphics Inc., Japs-Olson Company, Hewlett-Packard Company, Fujifilm Holdings Corporation, Cimpress PLC, and Transcontinental Inc. These industry leaders play a pivotal role in shaping the market's trajectory and influencing printing trends.
Metal 3D and LED-UV Printing Advancements:
The market witnesses a rapid evolution with the introduction of metal 3D and LED-UV printing in offline post-press and finishing services. These technologies offer energy efficiency, shorter lead times, environmental friendliness, consistent quality, and extended life. Companies like Materialize NV are heavily investing in metal 3D printing technologies, contributing to the technological advancements in the printing and related support activities sector.
Investment in Factory Development:
Major market players are strategically investing in solutions to fortify their market positions. Growth-oriented investments, including the development of new manufacturing facilities, are pivotal for expanding production capabilities. For example, Wikoff Color's investment in a new manufacturing facility in Milwaukee, Wisconsin, dedicated to the flexible packaging market, signifies the industry's commitment to innovation and growth.
Global Regional Dynamics:
Asia-Pacific emerges as the largest region in the printing and related support activities market in 2023, with North America following closely. The comprehensive market report covers regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Segmentation Insight:
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 Covered: Commercial Printing (except Screen And Books), Commercial Screen Printing, Books Printing
Access the Complete Report for In-Depth Analysis:
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Printing And Related Support Activities Global Market Report 2024 from TBRC covers the following information:
Market size date for the forecast period: Historical and Future
Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Printing And Related Support Activities Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on printing and related support activities market size, printing and related support activities market drivers and trends, printing and related support activities market major players, printing and related support activities market competitors' revenues, printing and related support activities market positioning, and printing and related support activities market growth across geographies. The printing and related support activities market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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