Commercial Printing: A Global Outlook
San Jose, California (PRWEB) January 10, 2012
Follow us on LinkedIn – As the printing industry mainly produces publicity products, commercial printed matter, newspapers, periodicals, printed packaging and modules, the fortunes of the sector are largely linked to the depth of corporate advertising budgets. The industry is highly competitive with customers demanding shorter run lengths, personalization, and faster turnarounds. The advent of digital technology into printing resulted in the opening up of new avenues for the industry. Today, digital presses combining printing variable data and offset technology, occupy the floors of every modern printing house. Wide-format printing is a low-volume high-margin business of the commercial printing industry, driven by technological advances in output resolution, color, speed and digitalization. Direct mail and commercial printing are rapid growth areas for the industry, as they meet the consumer requirement for high-quality as well as personalization.
The global financial turmoil precipitated the downslide of advertising revenues, thereby stirring a wave of downsizing, consolidation and restructuring across the board in the commercial printing industry. The widespread use of the internet and handheld digital devices contributed even more to the steep decline in hard print business revenues. However, the recession also prompted printing equipment manufacturers, product suppliers and service providers alike to rework their existing business strategies and customer relationship management skills.
Digital technologies such as inkjet and electrophotography have been making inroads into traditional printing processes such as offset, gravure, flexography and lithography, due to the demand for variable, short-run and customized printing. However, offset printing continues to hold its own due to the quality of output and the constant innovation in the segment. Professional print providers adopted wide format printing and digital technologies were able to weather the tough period successfully. Printing ink and machinery manufacturers relied on product innovation and better customer service to sustain sales volumes through the financial crisis. LED curing lamps; eco-friendly, UV and thermal inks; latex printers and UV inkjet printers are just a few of the latest technologies taking the market by a storm.
Despite the prevalence of the internet and portable digital devices, printed matter continues to charm consumers. With a gradual increase in corporate budgets and continued consumer patronage for printed advertisement and graphics materials, the industry is anticipated to register healthy growth in the near future. The Asia Pacific region, including Japan, dominates the commercial printing industry in terms of market size, miles ahead of the North American and European markets. Emerging economies in the Asia Pacific and Middle East markets are forecast to set the pace of growth for the entire industry in the next few years.
The research report titled “Commercial Printing: A Global Outlook” announced by Global Industry Analysts, Inc., provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. The report offers a rudimentary overview of the industry, highlights latest trends and demand drivers, in addition to providing statistical insights. Regional markets briefly abstracted and covered include US, Canada, Europe, Asia Pacific, Middle East and Latin America. The report offers a compilation of recent mergers, acquisitions, and strategic corporate developments. Also included is an indexed, easy-to-refer, fact-finder directory listing the addresses, and contact details of companies worldwide.
For more details about this comprehensive industry report, please visit –
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
Web Site: http://www.StrategyR.com/