The printing industry is a vast and complex sector that has seen significant growth in recent years. From commercial printing to 3D printing, the global market for print services continues to expand as technology advances. This blog post will explore some of the most interesting statistics about this ever-evolving industry, including its annual revenue, number of establishments worldwide, segment breakdowns by region and more. We’ll also look at how digital technologies are impacting traditional methods of production and what trends we can expect in the future. So let’s dive into these fascinating facts about one of our oldest industries.
This statistic is a testament to the sheer size and scope of the printing industry in the United States. It speaks to the immense number of businesses that are dedicated to providing printing services, and the sheer number of people employed in the industry. It is a powerful reminder of the importance of the printing industry in the US economy, and the impact it has on the lives of many.
Worldwide spending on 3D printing is expected to reach $17.9 billion by 2021,
This statistic is a clear indication of the growing importance of 3D printing in the printing industry. It shows that the industry is investing heavily in this technology, which is likely to have a significant impact on the industry in the near future. This could mean that 3D printing will become a major part of the printing industry, and companies will need to invest in the technology to stay competitive. As such, this statistic is an important indicator of the direction the printing industry is heading in.
Printing Industry Statistics Overview
The digital printing market is expected to grow at a CAGR of 4.64% between 2021 and 2026,
This statistic is a crucial indicator of the future of the printing industry, as it shows that the digital printing market is expected to experience steady growth over the next five years. This means that businesses in the printing industry can anticipate a positive outlook and plan accordingly to capitalize on the growth opportunities. Furthermore, this statistic can be used to inform decisions about investments, marketing strategies, and other business operations.
The Asia-Pacific region is the largest market for print and packaging, accounting for nearly 42% of the global market share,
This statistic is a powerful indicator of the importance of the Asia-Pacific region in the printing industry. It highlights the fact that the region is the largest market for print and packaging, accounting for a significant portion of the global market share. This statistic is a clear indication that the printing industry is heavily reliant on the Asia-Pacific region, and that businesses in the region have a great opportunity to capitalize on this.
By 2023, e-books are expected to account for 25.7% of global book sales revenue,
This statistic is a telling indication of the changing landscape of the printing industry. As e-books become increasingly popular, it is clear that the traditional printing industry is facing a shift in the way books are consumed. This statistic highlights the need for the printing industry to adapt to the changing market and find ways to remain competitive.
The commercial printing industry in the United States has an estimated market share of 61.1%,
This statistic is a powerful indicator of the commercial printing industry’s dominance in the United States. It shows that the industry has a strong foothold in the market, and that it is likely to remain a major player in the industry for the foreseeable future. This is important information for anyone interested in the printing industry, as it provides a clear picture of the industry’s current state and its potential for growth.
Only 34% of print businesses have invested in automation compared to 75% of digital businesses,
This statistic is a telling indication of the current state of the printing industry. It highlights the fact that digital businesses are far more likely to have invested in automation than their print counterparts, suggesting that digital businesses are more likely to be up-to-date with the latest technology and trends. This could be a sign that the printing industry is lagging behind in terms of technological advancement, and could be a cause for concern for those in the industry.
The commercial printing segment of the printing industry has seen a decline of 1.5% CAGR from 2016 to 2020,
This statistic is a telling sign of the current state of the commercial printing segment of the printing industry. It highlights the fact that the industry has been struggling to keep up with the changing times, with a 1.5% CAGR decline from 2016 to 2020. This is an important statistic to consider when discussing the overall health of the printing industry, as it provides insight into the current trends and challenges that the industry is facing.
Total worldwide newspaper revenues are expected to decline by 2.35% between 2019 and 2024,
This statistic is a telling indication of the state of the printing industry, as newspaper revenues are a major source of income for many printing companies. The projected decline of 2.35% over the next five years suggests that the industry is facing a period of contraction, and companies may need to adjust their strategies accordingly.
Direct mail advertising revenues are expected to reach $10.9 billion in the United States by 2024,
This statistic is a testament to the power of direct mail advertising, demonstrating that it is still a viable and lucrative option for businesses in the printing industry. It shows that despite the rise of digital marketing, direct mail remains a popular choice for many companies, and is expected to remain so in the coming years. This is an important point to consider for those in the printing industry, as it indicates that there is still a strong demand for their services.
Over 20% of print industry revenue is generated through the printing of newspapers,
This statistic is a powerful indicator of the importance of newspapers in the printing industry. It shows that newspapers are a major source of revenue for the industry, and that the industry relies heavily on them for its success. This is significant because it highlights the need for the industry to continue to invest in and support the printing of newspapers in order to remain profitable. Furthermore, it demonstrates the importance of newspapers in the overall printing industry, and how they are essential to its success.
There are estimated to be around 480,000 printing companies worldwide,
This statistic is a powerful indicator of the sheer size and scope of the printing industry. It demonstrates that printing is a major global industry, with a vast number of companies operating in the sector. This statistic is a testament to the importance of printing in the modern world, and serves as a reminder of the impact it has on businesses and individuals alike.
Digital printing accounts for approximately 16.2% of the global print market value,
This statistic is a telling indication of the impact digital printing has had on the global print market. It demonstrates that digital printing has become an increasingly important part of the industry, and that it is likely to continue to grow in the future. This is an important point to consider when discussing the current state of the printing industry, as it shows that digital printing is a major player in the market.
The global market value of 3D print software is expected to reach $966 million by the end of 2028,
This statistic is a testament to the growing importance of 3D printing software in the printing industry. It highlights the potential of 3D printing software to revolutionize the printing industry and create new opportunities for businesses. It also shows that the printing industry is adapting to the changing technological landscape and is investing in new technologies to stay competitive. This statistic is a clear indication that the printing industry is on the cusp of a major transformation.
The North American ink market size, including inkjet and toner-based inks, is valued at $5.5 billion per year,
This statistic is a testament to the immense size of the North American ink market, demonstrating the importance of the printing industry in the region. It highlights the sheer amount of money that is generated by the industry each year, and the impact it has on the economy. Furthermore, it serves as a reminder of the importance of the printing industry in the modern world, and the need for businesses to stay up-to-date with the latest printing technology and trends.
Conclusion
The printing industry is a vast and complex sector that has seen significant growth in recent years. The global printing industry generates approximately $898 billion in annual revenue, with the United States alone home to 25,599 commercial establishments. Packaging and labels account for nearly 25% of the market share while digital printing accounts for 16.2%. Over 792,810 people are employed by this sector across North America and worldwide spending on 3D printing is expected to reach $17.9 billion by 2021. It’s clear that print remains an important part of our lives today as it continues to evolve alongside new technologies such as e-books which are projected to make up 25.7% of book sales revenue globally by 2023; however, only 34% of businesses have invested in automation compared with 75% of digital companies indicating there may be room for improvement when it comes to embracing technology within the print industry moving forward into 2021 and beyond
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