New York, May 13, 2021 (GLOBE NEWSWIRE) – Despite declining newspaper sales around the world, print newspapers still hold a significant share of total print and online newspaper sales, and it is estimated that the same situation will persist in the years to come . In 2016, the total number of newspaper readers worldwide was estimated at nearly 4 billion, of which around 3/4^e share was reached by readers of print newspapers. In addition, in 2017, sales of print newspapers recorded nearly 550 million units. In contrast, print newspaper circulation revenues generated around the world in 2017 were close to $ 83 billion.

Research Nester published a detailed report on “Global Commercial Printing Outsourcing Market»Which is studied for the period 2020-2029. The report focuses on the increasing trends, opportunities, growth factors, and challenges associated with the growth of the market.

The concept of printing on different materials is not new and can date back to around 3500 BCE. Over the years, with the growing need for information among individuals all over the world, and with the advancement in printing technology, the commercial printing request solutions has experienced a massive boom. For example, the average eligible sales of some of the top-circulating dailies in India in 2019 exceeded 25 million. The global commercial printing outsourcing market is expected to grow at a significant CAGR during the forecast period i.e. 2021-2029. The growth of the market can be attributed to the growing need of companies for different types of promotional materials, as well as the increase in advertising spending by companies around the world. Globally, media owner ad spending has grown from about $ 400 billion in 2012 to about $ 600 billion in 2020.

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The growth of the market can also be attributed to the growing demand for consumer products around the world, such as packaged food, and the need among manufacturers of these consumer goods to create attractive packaging that can help them increase their sales. . The United States recorded approximately $ 130 billion worth of packaged food sales in 2018. In contrast, the consumer goods market in the United States, which was also the largest consumer goods market in the world, reached a value of approximately USD 630 billion in 2019. In addition, the market is also expected to grow due to the emerging printed packaging industry and the many opportunities associated with it. However, the increasing adoption of digital technologies such as electronic magazines, electronic newspapers, and digital billboards among others are some of the factors that are likely to hamper the growth of the market during the forecast period.

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Geographically, the global commercial printing outsourcing market is segmented into five major regions comprising North America, Latin America, Europe, Asia-Pacific, and Middle East & Africa. . Among these, the Asia-Pacific commercial printing outsourcing market is expected to occupy the highest share by the end of 2029, mainly driven by countries such as China, India , Vietnam and Thailand, among others. India’s printing industry, valued at around USD 4 billion in 2019, is one of the major industries in the country that caters to the needs of different businesses. The country also has a large number of publishing houses, which are expected to contribute to the market growth in the Asia-Pacific region.

The study also integrates growth, demand and supply over one year and future prospects in North America (United States, Canada), Latin America (Brazil, Mexico, Argentina, rest of LATAM) , in Europe (United Kingdom, Germany, France, Italy, Spain, Hungary, BENELUX [Belgium, Netherlands, Luxembourg], NORDIC [Norway, Denmark, Sweden, Finland], Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of the Middle East and Africa).

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The global commercial printing outsourcing market is segmented on the basis of type of service into offset lithography, flexography, gravure, screen printing, inkjet, and others. Among these segments, the gravure printing segment is expected to hold a significant market share by the end of 2029. The growth of the segment can mainly be attributed to the increasing use of the process in the printing of newspapers, magazines, postcards and corrugated cardboard among others. Supported by the increase in e-commerce retail sales, which are expected to exceed $ 6.4 trillion in 2025, there is a growing demand for corrugated packaging boxes. As a result, there is a growing need to print these boxes to promote sales, which is expected to help the segment grow in the years to come.

The global commercial printing outsourcing market is also segmented on the basis of application.

Global Commercial Printing Outsourcing Market Segmentation By Application

• Editing
• Publicity
• Packaging
• Other

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Some of the major industry leaders mentioned in our report and associated with the global commercial printing outsourcing market are RR Donnelley & Sons Company, Dai Nippon Printing Co., Ltd., Transcontinental Inc., Cenveo Worldwide Limited, LSC Communications US, LLC, ACME Printing, Quad / Graphics, Inc., Cimpress plc (Vistaprint), Toppan Printing Co., Ltd., Bertelsmann SE & Co. KGaA and others.

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