In a bind: Competition from substitute products is expected to limit industry revenue growth

The Printing industry’s performance has been constrained over the past five years, with the popularity of digital alternatives to printed materials such as e-books growing rapidly at the start of the five-year period through 2019-20. However, demand for e-books is expected to have slowed in the latter half of the period, as consumer interest in printed books was renewed. Despite this, overall demand for printed materials has fallen over the past five years, as consumers and businesses gradually transition towards trading online. Consequently, industry revenue is anticipated to decline at a compound annual rate of 0.8% over the five years through 2019-20. The industry currently employs just over 86,000 workers, making it a significant industry for employment in the United more.

Industry Statistics & Market Size
Annual Growth 15-20
Forecast Growth 20-25
Market Share of Companies

Industry Threats & Opportunities

  • Declining consumer confidence since the EU referendum is expected to limit revenue growth
  • Firms in the financial services sector reduced the scale of their operations, limiting industry demand
  • Demand for advertisements is set to rise as online giants invest in printed adverts
  • Industry Report - Industry Key Buyers Chapter

    The Printing industry in the United Kingdom has a low level of market concentration. The four largest operators are estimated to have a combined market share of 6.5% in 2019-20, with the largest firm in the industry expected to contribute just 3.3% of industry revenue over the year. However, market concentration varies between different product and market segments. In recent years, the industry has suffered from overcapacity due to falling demand. Enterprise and establishment numbers have declined over the past five years, as some players have exited the industry and others have undertaken consolidation activity. As a result, market share concentration has increased marginally over the past five years, despite remaining at a low level overall...purchase to read more.

    Additional Insights for the Printing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Printing Industry are

  • Having marketing expertise
  • Access to the latest available and most efficient technology and techniques
  • Prompt delivery to market
  • IBISWorld analysts also discuss how external factors such as Retail sales index and Percentage of households with internet access in the Printing industry impact industry performance..

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    What's in this report

    What is the Printing Industry?

    Companies in this industry print books, magazines, annual reports, brochures, labels and tags, posters, diaries, calendars, maps, stamps, security papers, cheques, banknotes and other products. This industry excludes the printing of newspapers and periodicals that appear four or more times a week.

    Industry Products
  • Trade advertising material and catalogues
  • Newspapers, magazines, journals and periodicals
  • Books, brochures and leaflets
  • Security printing
  • Printing on non-paper materials
  • Paper packaging, inserts, and tickets
  • Industry Activities
  • Printing trade advertising material and catalogues
  • Printing books, brochures and leaflets
  • Printing newspapers, magazines, journals and periodicals
  • Printing on non-paper materials
  • Security printing
  • Printing maps and atlases
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Retail sales index
  • Percentage of households with internet access
  • Demand from book publishing
  • Producer price index for paper and paperboard
  • Demand from book retailers

  • Current Performance
  • Turning the page
  • Reduced activity
  • Securing demand
  • Online threats
  • Profit and participation
  • Chart: Revenue Growth

  • Industry Outlook
  • Manufacturing growth
  • Demand trends
  • In print
  • Convenience wins
  • Table: Printing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Printing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Book Retailers
  • Book Publishing
  • Newspaper Publishing
  • Magazine Publishers

  • Key Selling Industries
  • Dye & Pigment Manufacturing
  • Paper & Paperboard Manufacturing

  • Products & Services
  • Books, brochures and leaflets
  • Trade advertising material and catalogues
  • Printing on non-paper materials
  • Paper packaging, inserts, and tickets
  • Newspapers, magazines, journals and periodicals
  • Other
  • Security printing
  • Chart: Printing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Publishers
  • Retailers
  • Other
  • Manufacturers
  • Financial, insurance and legal operators
  • Chart: Major Market Segmentation for the Printing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitIndustry profitability is expected to increase marginally over the five years through 2018-19, up from 4% in 2014-15. However, industry operators have encountered intense pricing pressure due to overcapacity in the industry and input costs have increased over the past five years, limiting profit growth. With the introduction of measures to improve cost efficiency and the exit of unprofitable players, average profit margins are anticipated to have risen above the levels recorded prior to the economic downturn. PurchasesWagesDepreciationOther
  • Chart: Cost Structure Benchmarking – Sector vs Printing

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Printing Industry

  • Industry Globalization
    DS Smith plc,
  • Table: DS Smith plc - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Printing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Printing Industry
  • Industry Revenue (2011-2025)
  • Industry Gross Product (2011-2025)
  • Establishments (2011-2025)
  • Businesses (2011-2025)
  • Employment (2011-2025)
  • Exports (2011-2025)
  • Imports (2011-2025)
  • Wages (2011-2025)
  • Wages (2011-2025)
  • Purchases (2011-2025)
  • Profit (2011-2025)
  • Depreciation (2011-2025)
  • Marketing (2011-2025)
  • Rent (2011-2025)
  • Utilities (2011-2025)
  • Other (2011-2025)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Digital Printing
  • Printing methods that use digital files, such as PDFs, instead of printing plates.
  • Gravure
  • Short for Rotogravure, a type of intaglio printing process using a rotating printing press, which involves engraving the image onto a cylindrical image carrier.
  • One-Piece Mailer
  • A single sheet of paper that can be folded and posted without an envelope.
  • Short-Run Printing
  • Printing orders that require a relatively small number of copies, typically fewer than 2,000.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Printing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Printing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Printing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Printing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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