What Does The Future Mean For The Printing Industry?

From the current year moving forward, what can we expect to happen with the printing industry? Will it recover from the abyss the pandemic sent it to?

Here’s a quick look at events that transpired during the onset of the pandemic’s significance, how it impacted the industry and what we are looking forward to in the next following years.

• The estimated value of the Global printing commercial market in 2020 is $411.99 billion.
• Over the next five years, the industry is expected to grow in leaps and bounds. By the end of 2022, it is expected to obtain an increase of 2.24 percent. and by the end of 2026, the printing industry is expected to gain significant development, but there have to be a lot of changes. 
• Some of the hurdles and difficulties faced during the lockdown and the peak of the pandemic have longer consequences, more than what was anticipated. 
• Because of the pandemic, many may say that the printing industry is dead. This is not at all true. While the operation was significantly affected, some avenues are starting to gain positive momentum.
• Print is handled by almost 25000 businesses and brands in the US.
• The industry is expected to bring in $900 billion of revenue each year in America.
• To elevate the consequences of the pandemic, many are focusing on digital printing and making new ideas.
• The reduction in substrate printing is still high. And this can be unfortunately permanent, such as newspaper printing. 
• A lot of paper mills either closed or reused their equipment, and any way they may find to keep balance.
• Decreases in the print substrate are in a very bad phase while e-commerce is booming. The requirements for eCommerce packaging rose to an all-time high, especially during the lockdown where people are resorting to online shopping and deliveries for mostly all of their needs. 
• Small retailers are advised to invest in a small digital press and consider in-house production.
• By 2030, printed materials for packaging will be the norm, the standard. So companies are advised to invest in print-to-web technologies and online ordering. Brands will have to push for efficient digital and automated printing, finishing, and distribution
• Next-day delivery with a high turnaround will be the much sought-after service.
• A well-designed box, like that of Amazon, will be the star of the next years to come. It can drive in more sales. Studies show that millennials, specifically, prefer high-end packaging with labels and printed tape on the side.