Printing Industry Statistics for 2023: Trends, Insights, Opportunities

Let’s start our journey into the fascinating world of the printing industry and its Statistics for 2023: Trends, insights, and opportunities.

The printing industry consists of a wide range of processes used to transfer text images or designs onto paper, fabric, glass, metal, or other mediums. It includes diverse techniques such as offset lithography, flexography, and digital printing, among others. Data from the Bureau of Labor Statistics and the International Printing Pressmen and Assistants Union suggest a diverse landscape for this industry.

Offset lithography one of the most common forms of printing, is used extensively for books, newspapers stationery and packaging materials Flexography, on the other hand, is ideal for printing on nonporous materials like food packaging Digital printing, a relatively new entrant, has revolutionized the sector with its ability to produce high-quality small-batch prints at a rapid pace.

Overall Printing Industry Statistics For 2023

The printing industry, a vital sector of the global economy, has seen significant changes over the past decade. With advancements in technology and shifts in consumer behavior, the industry has adapted to meet new demands and challenges. Here’s an overview of the printing industry statistics for 2023.

Overall Print Market Size and Revenue Growth

Global Printing Market: Expected to reach $821 billion by 2023, growing at a CAGR of 2.3% from 2018 to 2023.
Commercial printing: is projected to generate revenues of $414 billion in 2023.
Packaging printing: is expected to reach $186 billion in revenue by 2023.
Office printing: Anticipated to generate $221 billion in revenue by 2023.
Digital Printing Market: Projected to grow at a CAGR of 4.4%, reaching $230 billion by 2023.
Print-on-Demand Market: Expected to reach $10 billion by 2023.
Screen Printing: Projected to grow at a CAGR of 4.2%, reaching $12 billion by 2023.

Sustainability Initiatives

• United States Printing Industry: 90% of businesses have implemented sustainability measures.

Market Size and Revenue

The global printing market is expected to reach $821 billion by 2023, with a compound annual growth rate (CAGR) of 2.3% from 2018 to 2023. This growth is driven by various sectors within the industry, including commercial printing, packaging, and office printing.
Commercial printing, which includes advertising materials, periodicals, and books, accounts for the largest share of the market. It’s projected to generate revenues of $414 billion in 2023.
The packaging printing sector, responsible for producing labels, wrappers, and boxes, is expected to reach $186 billion in revenue by 2023. The increased demand for packaged goods globally is what is driving this growth.
Office printing, which includes the production of office documents, reports, and stationery, is anticipated to generate $221 billion in revenue by 2023.

Growth Trends and Industry Overview

Digital printing is a key growth area within the industry. The digital printing market is projected to grow at a CAGR of 4.4%, reaching $230 billion by 2023. The rising demand for personalized and customized printing solutions is what is driving this growth.
The print-on-demand industry is also experiencing significant growth. With the rise of e-commerce and the need for cost-effective small-batch printing, the print-on-demand market is expected to reach $10 billion by 2023.
Screen printing, used primarily for apparel and signage, is projected to grow at a CAGR of 4.2%, reaching $12 billion by 2023.

Employment Statistics

United States Employment: Over 800,000 people are employed, with 45% engaged in production roles.
Average Hourly Earnings: $27.27 for all employees, $21.78 for production and non-supervisory employees.
Despite this, there are still opportunities within the industry, particularly in areas such as digital printing and print-on-demand, which require specialized skills.

Workplace Trends and Productivity

3D Printing Industry: Global market size of $15.3 billion, with a growth rate of 20.5%.
Digital Printing Industry: Reached $250 billion globally, with an annual growth rate of 3.5%.
Print-on-Demand Industry: Expected to reach $9.9 billion by 2027, with a CAGR of 12.49% from 2017 to 2021.
The industry is increasingly adopting digital technologies to improve productivity and efficiency. This includes the use of digital printing equipment, workflow automation software, and cloud-based solutions.
There’s also a growing focus on sustainability within the industry, with companies implementing environmentally friendly practices such as using recycled materials and reducing waste.

The printing industry continues to evolve in response to changing market conditions and technological advancements. Despite facing challenges, the industry is finding new opportunities for growth and innovation. As we move forward, it will be interesting to see how these trends continue to shape the future of the printing industry.

Sources:

Market Research Future, Grand View Research, IBISWorld, Statista, Xerox Financials, HP Financials

1. Commercial Printing Industry Statistics 2023

These statistics underline that despite an increasingly digital world, the commercial printing industry continues to hold its own, adapting to changing trends, investing in new technologies and maintaining a clear focus on sustainability and customer preferences With a market this versatile, one can confidently expect the unexpected in the years to come.

Market Size: The commercial printing industry has been growing steadily, reaching a market size of $700 billion globally by 2023. This number showcases the resilience and demand in this space despite the digital transformation in many sectors. [source: pwc ]
Revenue and Growth Rate: Year over year, revenue has grown by 1.5% showing a positive trend. This is despite global economic challenges and shifts in customer preferences towards more digital options. [source: Deloitte]
Market Share of Commercial Printers: The top 50 companies hold about 30% of the market share showing that this industry is still fragmented with plenty of opportunities for new entrants and smaller businesses to thrive [source: pwc]
Emerging Technologies: More than 60% of commercial printers have invested in new technologies such as digital printing, 3D printing, and automation tools, to streamline processes and enhance productivity.
Customer Preferences Approximately 70% of customers value print for its ability to deliver information in a tactile, personal way, while 50% still prefer print for reading longer documents, showing the continued relevance of print in our daily lives.
Sustainability Initiatives An impressive 80% of businesses in the printing industry have introduced sustainable practices into their operations, focusing on reducing waste and increasing efficiency.
Packaging Printing This sector has seen a 5% growth rate in 2023, driven by increasinge-commercee trends and the need for sustainable packaging solutions.
Promotional Printing As businesses continue to see the value of print advertising, the promotional printing sector has also grown, with a 3% increase in revenue. [source: Deloitte]

2. United States Printing Industry Statistics 2023

These statistics highlight the resilience and adaptability of the U.S. printing industry in the face of challenges and changing trends. The industry’s substantial growth and its commitment to sustainability and customer preferences emphasize its relevance and importance despite a digital-first world. As we move forward, the U.S. printing industry’s future looks vibrant, holding plenty of promise for growth and innovation.

• Market Size: $85 billion.
• Revenue Growth Rate: 0.5%
• Technology Advancements Adoption: 65% of businesses
• Customer Preferences for Print: 75% of customers
• Sustainability Initiatives: 90% of businesses

Market Size: The U.S. printing industry has reached a remarkable size of $85 billion, reflecting the industry’s significant footprint within the country. source
Revenue and Growth Rate: Despite facing various challenges, the U.S. printing industry has sustained a consistent growth rate of 0.5% over the past year, pointing to its adaptability and resilience. source
Market Share: The market remains diversified, with the top 50 U.S. printing companies holding approximately 40% of the industry’s market share, thereby leaving room for smaller businesses to compete. source
Commercial Printing Services: Nearly 60% of the total revenue comes from commercial printing services, a clear testament to the segment’s continued demand in the United States. source
Packaging Printing: In the United States, the packaging printing sector will grow by 5% in 2023, mirroring the global trend driven by rising e-commerce and the demand for sustainable packaging solutions. source
Employment Trends: About 450,000 individuals are employed in the U.S. printing industry, demonstrating the sector’s significant contribution to the job market. source
Technology Advancements: Over 65% of businesses in the industry have adopted advanced printing technologies such as digital printing and 3D printing, showcasing the industry’s commitment to innovation.
Customer Preferences: Print is valued for its tactile and personal touch, with 75% of customers in the U.S. preferring printed materials for longer documents.
Sustainability Initiatives: A whopping 90% of U.S. printing businesses have implemented sustainability measures focusing on reducing waste and increasing operational efficiency. source

3. 3D Printing Statistics 2023

As we delve into the exciting world of 3D printing, let’s unravel the industry’s key statistics for 2023:

The 3D printing industry’s robust growth and its adoption across different sectors underline its vast potential and the transformative impact it can have on our future. As 3D printing continues to evolve, it will undoubtedly play an increasingly critical role in shaping the world around us. As we look ahead, the industry’s future is filled with promise, offering endless opportunities for innovation and growth.

• Market Share by Application: Industrial 35%, Healthcare 25%, Automotive 20%, and Consumer 20%.
• Materials Used: Polymers (55%), Metals (30%), Ceramics (10%), and Others (5%).

Market Size: The global 3D printing industry has surged in size to $15.3 billion in 2023, a testament to the technology’s growing popularity and wide-ranging applications. source
Revenue and Growth Rate: The industry has experienced an impressive growth rate of 20.5% over the past year demonstrating the increasing reliance on 3D printing across diverse sectors. source
Market Share: While the market remains diversified, the top 3D printer manufacturers constitute nearly 45% of the market share, a clear sign of the concentration of power within the sector. source
Applications: The applications of 3D printing are broad and varied, with industrial 3D printing (35%), healthcare (25%), automotive (20%), and consumer 3D printing (20%) constituting the major segments. source
Additive Manufacturing: An important part of the 3D printing industry, additive manufacturing is projected to reach a market size of $4.5 billion in 2023, reflecting a growth rate of 23% from the previous year. source
Materials Used: Polymers (55%) and metals (30%) continue to be the primary materials used in 3D printing, with ceramics (10%) and others (5%) also finding increasing use. source
Technology Advancements: Over 70% of 3D printing businesses are now using advanced technologies, such as selective laser sintering and direct metal laser sintering, highlighting the industry’s commitment to continual innovation. source

4. Digital Printing Statistics 2023

Detailing the vibrant and fast-paced world of digital printing requires a keen understanding of the numbers. As of 2023, here are the critical data points for this technology-driven sector:

• Revenue and Growth Rate: 20.5% growth rate, market size of $15.3 billion.
• Technology Advancements: Over 70% of businesses using advanced technologies.

Market Size: The digital printing industry has reached an impressive $250 billion globally. This figure highlights the widespread adoption and reach of digital printing technologies. source
Revenue and Growth Rate: There’s been a notable uptick in revenue, with the sector witnessing an annual growth rate of 3.5%. This is indicative of the business opportunities and potential for expansion in this sector. source
Digital Printing Technologies: A significant development in 2023 is the rising dominance of inkjet printing and laser printing. The continuous advancements in these technologies’ printing speed, quality, and cost-effectiveness are what are driving this trend.
Applications of Digital Printing: A significant trend is the growth of personalized printing and variable data printing. More than 55% of businesses are leveraging these technologies to deliver unique, tailored content to their customers.
Digital Textile Printing: This sector is making its mark, contributing to an 8% growth in the textile industry. Innovative designs, fast production times, and reduced waste are some factors fueling this growth.
Packaging Printing: Digital printing is revolutionizing packaging, with a 10% increase in the use of this technology for packaging solutions. Sustainability, shorter production runs, and customization are the driving forces behind this.
Signage Printing: The use of digital printing for signage has also seen a significant uptick, with a 6% increase in revenue. Businesses are finding value in high-quality, vibrant, and durable digital prints for their signage needs.

In the world of print digital technologies are taking center stage. The need for speed, adaptability, and personalization in a highly competitive business environment is what motivates this. As we move forward these trends will shape the future of the industry, offering exciting opportunities for innovation and growth.

5. Print-on-Demand Statistics 2023

The print-on-demand industry has been experiencing significant growth over the past few years. Here are some key statistics and trends that highlight the current state and future potential of this industry:

• Global Market: Expected to reach $9.9 billion by 2027
• North America Market Share: 41% in 2020, with the United States holding 31.02%.
• Apparel Products: Made up 43.87% of all print-on-demand sales in 2019.

The global print-on-demand market is expected to reach $9.9 billion by 2027, according to Allied Market Research
The industry saw a 12.49% Compound Annual Growth Rate (CAGR) from 2017 to 2021 and 2023 report yet to come
North America accounted for 41% of the print-on-demand market share in 2020, with the United States holding the largest share at 31.02%
In 2019, Europe was the second-largest print-on-demand market, valued at $2.1 billion
Apparel products made up 43.87% of all print-on-demand sales in 2019, with t-shirts constituting 32%
Amazon Merch led providers with $965 million revenue in 2020, followed by Custom Ink’s reported $524 million that same year. Both companies have an average profit margin around 30%
98% of print-on-demand fulfillment services are offered within the US
63% of customers prefer print-on-demand products due to their little environmental impact compared to traditional manufacturing methods or drop shipping models
The book publishing segment of the print-on-demand market is projected to grow at a CAGR of 4.68% from 2018 to 2025
Over 23% of new authors prefer print-on-demand publishing for their books
The average turnaround time for print-on-demand order fulfillment is 3 business days

These statistics clearly indicate that the print-on-demand industry is thriving and is set to continue its growth trajectory. The industry’s success can be attributed to its ability to provide a wide range of customizable products, quick turnaround times, and environmentally friendly practices. As such, print-on-demand services present a lucrative opportunity for businesses and individuals alike.

6. Screen Printing Industry Statistics 2023:

• Global Market Size: Projected to Reach Multimillion USD by 2030, with a CAGR of 5.1% during the review period.

The global Screen Printing Equipment market size is projected to reach multimillion USD by 2030, from 2023, with an unexpected CAGR during the forecast period. [source]
The Screen Printing Equipment market includes types such as Flat-Bed Screen Printing Equipment, Cylinder Screen Printing Equipment, and Rotary Screen Printing Equipment. [source]
The applications of Screen Printing Equipment include Textile, Glass and Ceramics, Electrical and Electronics, and automotive, among others. [source]
The global Screen Printing Equipment market is estimated to be worth USD 818.7 million in 2022 and is forecast to a readjusted size of USD 1103.5 million by 2028 with a CAGR of 5.1% during the review period. [source]
North America is expected to be a prominent market for screen printing equipment during the forecast period. The U.S. is expected to lead the screen printing equipment market in North America from 2018 to 2025, followed by Canada. [source]
Europe is a significant market for screen printing equipment. Germany is expected to be a leading market for screen printing equipment in the region in the next few years. [source]

Please note that these statistics are based on the data available at the time of the report and may vary.

Importance of the Printing Industry in the Global Economy

The impact of the printing industry on the global economy is profound Its contribution to global GDP as suggested by reports from the World Bank and International Monetary Fund signifies the sectors economic prowess The industry plays a pivotal role in job creation ensuring livelihoods for millions across the globe.

By producing everything from books and newspapers to packaging materials and promotional goods, the printing industry fuels other sectors, creating a domino effect that bolsters economic growth. A flourishing printing industry signifies a robust economy with a healthy demand for printed goods

In the next sections you’ll delve deeper into the specific trends and statistics shaping the printing industry in 2023. Stay tuned for a wealth of insights that can guide your strategic decision making in this ever evolving field.

Overview of the Printing Industry

Ready to explore more about the printing world. Let’s proceed.

Key Services in the Printing Industry

The printing industry offers a plethora of services, ranging from commercial printing to digital and even 3D printing Commercial printing involves producing promotional materials, magazine labels and more on a large scale. These services are used widely in many sectors, such as publishing, packaging, and advertising.

On the other hand digital printing championed by brands like Xerox HP Canon Brother and Epson has made its mark by offering superior quality and speed for smaller print runs As technology progresses, so does the range of services within the printing industry making it more versatile and essential than ever

Major Players in the Printing Industry

In this competitive landscape, several notable names lead the printing industry. These market leaders, including Xerox, HP, Canon, Brother and Epson have significant market shares and are known for their innovative product lines But it’s not just about hardware manufacturers Other significant entities include printing service providers like Deluxe, RR Donnelley Sons, and Quad graphics

These companies not only shape the industry through their products and services but also through their strategies, investments, and visions. The competition among these giants fuels innovation, making the printing industry one of the most dynamic sectors today

The next section will give you an insight into the key statistics and trends defining the printing industry’s current state. Keep reading to stay abreast of the most recent data.

Employment in the Printing Industry

Moving forward, let’s delve into the realm of employment within the printing industry.

Current Employment Statistics

Diving into the employment data for the printing industry is clear to see the sector’s significant role in job creation. According to the Bureau of Labor Statistics and US Department of Labor the industry has undergone notable fluctuations in employment trends over the years As of 2023.

• Approximately 800,000 individuals are employed in the printing industry in the United States.
• Roughly 45% of these are engaged in production roles including press operators and print binding workers.
• The rest hold positions in administration, sales and management.

Such data highlights the printing industry’s role in providing diverse job opportunities and contributing significantly to employment across the country.

Job Roles and Responsibilities in the Printing Industry

When you think of careers in the printing industry, it’s not just about operating the press Here’s a brief rundown of some of the key roles and what they entail.

1. Prepress Technicians: They prepare the materials for printing Their responsibilities include adjusting images, selecting fonts, and ensuring the layout is ready for press.

2. Press Operators: They are in charge of managing the print machines This includes adjusting machine settings for each job and troubleshooting any issues that may arise during the printing process.

3. Binding Workers: They handle the post-printing tasks such as cutting, folding, and binding the printed materials.

4. Print Supervisors: They oversee the whole process and ensure everything runs smoothly. They’re also responsible for managing staff, meeting deadlines, and ensuring quality standards.

The industry also has a multitude of roles in sales marketing design and management demonstrating the diversity of opportunities in the printing sector.

From the American Printing House to the National Print Owners Association there are plenty of organizations offering various roles for individuals interested in the printing industry

Employment Statistics

As of May 2023 the Bureau of Labor Statistics reported that the employment in the printing and related support activities sector stood at 379.3 thousand with production and non-supervisory employees making up a significant portion at 255.3 thousand. These figures underscore the industry’s importance in providing employment opportunities.

Earnings in the Printing Industry

The average hourly earnings for all employees were $27.27 while production and non-supervisory employees earned an average of $21.78 per hour. These figures reflect the industrys commitment to providing competitive wages to its workforce.

Safety in the Printing Industry

In terms of work related fatalities injuries and illnesses the industry has made strides in ensuring the safety of its employees In 2021 the industry reported five fatalities and the rate of injury and illness cases per 100 full time workers was 2.1 These figures while still a cause for concern show the industry’s ongoing efforts to create a safe working environment.

Price Trends in the Printing Industry

The producer price index a measure of average changes in prices received by domestic producers for their output stood at 158.420 as of April 2023 showing a slight decrease of 0.2% from the previous month This change reflects the dynamic nature of the industry and its responsiveness to market conditions.

Workplace Trends in the Printing Industry

The number of establishments in the printing and related support activities sector was 28,207 in the 3rd quarter of 2022 demonstrating the industrys resilience and adaptability in the face of changing market trends and technological advancements.

Productivity in the Printing Industry

The labor productivity index a measure of output per hour was 100.135 in 2022 reflecting a slight decrease of 1.6% from the previous year. This change underscores the industrys ongoing efforts to improve efficiency and productivity.

Economic Impact of the Printing Industry

Demystifying the economic impact of the printing industry allows us to truly appreciate its significance in the wider economic canvas

Revenue and Market Size

With data sources such as Statista and IBISWorld providing up-to-date market insights is clear that the printing industry has a substantial footprint on the economic landscape. Let’s delve into the revenue trends and market growth of the industry.

The global market size of the printing industry is estimated to reach about $820 billion by 2023
The US printing industry a major contributor to this global market generates revenue of nearly $80 billion annually

The market has witnessed steady growth over the past years growing at a compound annual growth rate (CAGR) of about 2.3% from 2018 to 2023

This considerable revenue and market size underscore the weight the printing industry carries in the economic sphere

Contribution to GDP

Diving into the numbers of the printing industrys contribution to GDP is a testament to its economic value. The U. S Bureau of Economic Analysis and the World Bank provide key insights into these figures.

In 2023 the printing industrys contribution to the US GDP is projected to be around 0.37%
This amounts to an estimated value of over $75 billion to the US economy

This substantial GDP contribution highlights the pivotal role the printing industry plays in national economies

Impact on Other Industries

It’s no secret that the printing industry shares robust inter-industry relationships playing a significant role in numerous other sectors. This extends notably to the publishing advertising and packaging industries.

In publishing: printed materials still account for a major chunk of the sector despite the rise of digital media. From books and magazines to newspapers, the printing industry is central to the creation of these materials.

The advertising industry is another sector deeply intertwined with printing printed adverts in brochures with billboards and direct mail contribute significantly to advertising campaigns.

Lastly the packaging industry relies heavily on printing for creating visually appealing and informative product packages.

Organizations like the American Advertising Federation and the Association of American Publishers continue to value the essential role of printing in their operations.

Trends and Developments in the Printing Industry

In an era where technology is constantly evolving the printing industry is no exception. From 3D printing to digital innovations and with sustainability taking center stage, let’s examine these fascinating trends shaping the future of the printing industry.

Technological Innovations (3D Printing, Digital Printing)

Technological advancements in printing like 3D and digital printing are changing the industrys landscape

1. 3D printing a technology where objects are created from a digital file using layering techniques has seen significant adoption. Leaders like 3D Systems and Stratasys are at the forefront, bringing innovative solutions to a variety of sectors, including automotive, aerospace and healthcare.

2. Digital printing on the other hand, is becoming more prevalent because of its flexibility and cost effectiveness. Companies like HP are pushing the envelope in digital printing offering improved print quality and faster printing speeds.

The impact of technology on the printing industry is substantial, fostering innovation and driving the future of printing.

Environmental Impact and Sustainability Initiatives

As businesses become more conscious of their environmental impact, sustainability has become a key focus in the printing industry.

The industry is adopting green printing practices such as using recycled paper and eco-friendly inks to reduce its environmental footprint.

Organizations like the Environmental Protection Agency and the Green Printing Alliance are promoting recycling and waste reduction in printing processes.

The commitment towards environmental sustainability is driving the industry to find innovative green solutions for printing.

Impact of COVID-19 on the Printing Industry

The COVID-19 pandemic brought about significant changes in various industries and the printing industry was no exception.

The industry had to quickly adapt to changes in demand patterns as businesses around the world grappled with lockdowns and restrictions.

Despite these challenges, the industry showed resilience and agility adapting to a new normal that included increased demand for packaging materials and labels due to a rise in ecommerce.

Insights from the World Health Organization and the Centers for Disease Control and Prevention indicate that these changes might continue to shape the industry’s future in the post covid era.

Future of the Printing Industry

As we move forward into the future let’s turn our attention to the projected growth and market trends that will shape the printing industry. Additionally well examine the emerging opportunities that will define the sectors advancement.

Predicted Growth and Market Trends

The printing industry’s future is projected to be characterized by constant growth and new market trends

With the increasing adoption of technology in the industry, the market is projected to see considerable growth in the years ahead. Reports from PricewaterhouseCoopers indicate that the industry will continue to expand at a significant pace.

As for market trends there’s an increasing shift towards digital and green printing. These two sectors bolstered by technological advancements and a growing environmental consciousness, are predicted to lead the industry into its future.

These developments are not just reshaping the industry they’re creating exciting opportunities for businesses and consumers alike

Emerging Opportunities in the Printing Industry

There are several emerging opportunities in the printing industry that will drive its growth and innovation.

3D printing is presenting a wealth of new possibilities. The International 3D Printing Association has reported an increase in the adoption of this technology across various sectors.

Digital printing too is opening up new opportunities. Innovations in this sector championed by institutes like the Digital Printing Innovation Institute are creating possibilities for higher quality and faster printing solutions.

The push towards sustainability in the industry is also giving rise to opportunities in green printing businesses that can offer eco-friendly printing solutions are finding a receptive market

These emerging markets and opportunities promise an exciting future for the printing industry

The Role of the Printing Industry Moving Forward

As we move into the future the printing industry will continue to play a critical role

In a world that is becoming increasingly digital print still holds significant value The Future of Print Initiative suggests that print will continue to play an essential role in communication advertising and more

With the emergence of new printing technologies the industry is set to become a hub of innovation. The World Printers Forum emphasizes that the industry’s ability to adapt and innovate will determine its future success.

In conclusion the printing industry’s future is bright filled with promising technologies and emerging opportunities. Its continued relevance and importance will be assured by its ability to evolve, innovate and adapt to new trends and demands.

FAQs – About Printing Industry Trends in 2023

Reference Links and Useful Resources

Here are some of the valuable sources and references that were utilized in the research for this Detailed exploration of the printing industry:

• PricewaterhouseCoopers (PwC) – Global Print Report
• Deloitte – 2023 Technology Industry Outlook
• 3D Systems – The Future of 3D Printing
• HP – Digital Printing Solutions
• Environmental Protection Agency (EPA) – Printing Industry and the Environment
• World Health Organization (WHO) – COVID-19 Impact on Industries
• Centers for Disease Control and Prevention (CDC) – COVID-19 Response
• World Printers Forum – The Future of Print

These resources provide valuable insights and data that contributed significantly to this article’s factual accuracy and depth of analysis.