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LEATHERHEAD, UK and AKRON, OH—There will be a moderate increase in growth in the global print market across the next five years, as the industry adjusts to new product demands, more flexible business models, and a shift in geographic emphasis.

Smithers‘ latest market report, The Future of Global Printing to 2024, forecasts the global printing market value will increase from $818 billion in 2019 to $874 billion by 2024, with a compound annual growth rate (CAGR) of 1.3 percent—illustrating that value-adding potential still exists. Total print volumes will remain constant at around 49.5 trillion A4 prints or equivalents, however.

The worldwide print industry remains in a stage of transition, with an impetus to refocus on emergent market opportunities, especially in packaging print, and those segments where print service providers can adapt to deliver higher value, shorter run work.

Smithers’ analysis for The Future of Global Printing to 2024 identifies the following major trends for the global printing industry over the next five years:

Smithers latest report, The Future of Global Printing to 2024 analyses global demand for, and assesses the major influences on the printing market to 2024. This is presented in a comprehensive market data set, by value and volume, in more than 350 data tables and figures.

Data on print output is further enhanced and contextualised by market sizings and forecasts of ink and consumables, print and postpress equipment, and substrates sales.

This report covers the global markets for print and printed packaging, with the major consumable and new equipment supply markets. It is the latest edition of the report and the data presented here has been thoroughly re-evaluated with a significant research programme to ensure the highest degree of accuracy in a rapidly changing world.