U.S. Commercial Printing Market Remains Stagnant

IndexBox has just published a new report "U.S. Commercial Printing (Except Screen And Books) Market. Analysis And Forecast to 2025". Here is a summary of the report's key findings.

US Commercial Printing Market Remains Stagnant

In 2016, the commercial printing market was calculated at $X billion. According to IndexBox estimates, the U.S. market of commercial printing is in stagnation: after a strong decline in 2009-2010, the market remains relatively stable. The main reason is that advertising, magazines and other businesses of the publishing sector moved significant parts of their operations online, thereby reducing the demand for printed media. This trend is now being observed not only in the U.S., but affects printing industry throughout the world.

The only market segments showing growth in consumption were digital printing, label and wrapper printing. The label and wrapper printing segment grew on the back of stable demand for packaging from industrial enterprises. The segment of digital printing grew due to the fact that commercial printers began to use this technology more often instead of traditional methods of printing: digital printing enables the supplies to reduce operating expenses and offer customers greater flexibility in terms of order size and timing.

Commercial Printing Consumption Is Expected to Grow at Minimal Rates

The growth of the commercial printing market in the U.S. is expected to accelerate slightly to +X% per year (currently -X%) in the medium term. This modest growth shall become feasible due to the increasing demand for digital printing, which should partially offset the decreasing demand for traditional printing and a moderate growth of demand for label and wrapper printing on the backdrop of industrial growth in the U.S.

Domestic Commercial Printing Dominates the US Market

In 2016, the value of shipments in the commercial printing industry stood at $X, which accounted for about X% of the U.S. commercial printing market. Throughout the period of 2008-2016, domestic products dominated the U.S. market due to the industry is largely high customized, and therefore there is little economic sense to carry out commercial printing in other countries. Thus, the trend pattern of the value of shipments mirror that of the market value.

Only Digital Printing, Label and Wrapper Printing Constituted the Product Categories with Increasing Output

Lithographic advertising printing accounted for the highest share (X% in 2016) of U.S commercial printing manufacturing, followed by digital printing (X%) and flexographic label and wrapper printing (X%). They were followed by lithographic magazine and periodical printing (X%), lithographic catalog and directory printing (X%), lithographic label and wrapper printing (X%).

The most notable growth rates in U.S commercial printing manufacturing from 2008 to 2016 were reached by digital printing (+X% per year), flexographic label and wrapper printing (+X% per year) and lithographic label and wrapper printing (+X% per year), while the other categories experienced negative dynamics over the last eight years. The largest decline in production in 2008-2016 was for enterprises producing lithographic catalogs and directory printing (-X%) and lithographic magazine and periodical printing (-X%).

Exports Declined Gradually mainly due to a Decrease in the Supply of Newspapers to Canada

The U.S. exported $X of commercial printing in 2016, which accounted for X% of U.S. commercial printing output. Export value dropped in 2009, slightly bouncing back in the next year. Afterwards, it stabilized over the next three years, but then began to decrease marginally from 2014 to 2016.

In 2016, the main destination of U.S. commercial printing exports was Canada (X%), distantly followed by Mexico (X%), the U.K. (X%), Germany, China, Japan, Australia (X%, each). Mexico had the highest annual growth rate of +X% per year, while the other main export destination experienced negative dynamics, except for China.

The share exported to Mexico increased (+X percentage points), while the share sent to Canada illustrated negative dynamics (-X percentage points). The shares of the other countries remained relatively stable throughout the analyzed period.

China Strengthened Its Dominance in Terms of the U.S. Commercial Printing Imports

The value of total U.S. commercial printing imports totaled $X in 2016, declining by -X% against the previous year's level. Overall, the U.S. commercial printing imports decreased slightly from 2007 to 2016, with an average annual rate of -X%. This trend pattern, however, remained consistent, with only minor fluctuations throughout the analyzed period. Over the period under review, the U.S. commercial printing imports reached its maximum value of $X in 2007 and $X in 2015.

In 2016, China (X%) was the main supplier of commercial printing to the U.S., followed by Canada (X%) and Mexico (X%); together these countries making up X% of U.S. imports. Amongst the main suppliers, China was the fastest growing supplier from 2007 to 2016, with a CAGR of +X%. Meanwhile, imports by Canada and Mexico, dropped by -X% and -X%, respectively, throughout the analyzed period.

China (+X percentage points) significantly strengthened its position in terms of the U.S. imports from 2007 to 2016, while Canada (-X percentage points) saw its share reduced. The shares of the other countries remained relatively stable over the period under review.

Do you want to know more about the U.S. commercial printing market? Get the latest trends and insight from our report. It includes a wide range of statistics on

• commercial printing market share
• commercial printing prices
• commercial printing production
• commercial printing industry
• commercial printing sales
• commercial printing imports
• commercial printing exports
• commercial printing market forecast
• commercial printing price forecast
• commercial printing producers

Source: IndexBox Market Intelligence Platform