Package Printing Dominates Much of the Global Print Revenue Growth

[Anonymous]

Package Printing Dominates Much of the Global Print Revenue Growth.

The Association for Suppliers of Printing, Publishing and Converting Technologies announced the release of its comprehensive study, "World-wide Market for Print: Identifying Global Opportunities for the Print Industry." A team of consultants from the Economist Intelligence Unit, the business information arm of The Economist Group and world's leading provider of country intelligence, conducted the research for NPES. PRIMIR, NPES's market research unit, along with a blue chip NPES member task force provided oversight and insights for the study.

According to the study, total world print revenue is projected to grow 8%, up from $584 in 2011, to $668 (U.S. $billion) in 2017, with the global economic recovery fueling consumption, to varying degrees, across all print categories and regions. The U.S. accounted for more than $132 billion of the 2011 market, followed by China, and Japan which came in at a distant third in print market revenue size. However, by 2017 at $154 billion, China is projected to be the largest print market compared to the U.S. at $141.8 billion.

Not surprisingly, package printing dominates much of the global print revenue growth. Growing to 43% of the market in 2017, from 35% in 2007, package printing will enjoy a compound annual growth rate (CAGR) of 4.2% between 2012 and 2017. All subcategories of packaging printing will grow at rates of 3-5%, with corrugated print packaging enjoying the highest share of the global packaging market.

Package Printing Dominates Much of the Global Print Revenue Growth.

The Association for Suppliers of Printing, Publishing and Converting Technologies announced the release of its comprehensive study, "World-wide Market for Print: Identifying Global Opportunities for the Print Industry." A team of consultants from the Economist Intelligence Unit, the business information arm of The Economist Group and world's leading provider of country intelligence, conducted the research for NPES. PRIMIR, NPES's market research unit, along with a blue chip NPES member task force provided oversight and insights for the study.

According to the study, total world print revenue is projected to grow 8%, up from $584 in 2011, to $668 (U.S. $billion) in 2017, with the global economic recovery fueling consumption, to varying degrees, across all print categories and regions. The U.S. accounted for more than $132 billion of the 2011 market, followed by China, and Japan which came in at a distant third in print market revenue size. However, by 2017 at $154 billion, China is projected to be the largest print market compared to the U.S. at $141.8 billion.

Not surprisingly, package printing dominates much of the global print revenue growth. Growing to 43% of the market in 2017, from 35% in 2007, package printing will enjoy a compound annual growth rate (CAGR) of 4.2% between 2012 and 2017. All subcategories of packaging printing will grow at rates of 3-5%, with corrugated print packaging enjoying the highest share of the global packaging market.

[Author]

February 25, 2014 at 10:27 AM