At the Printing Industry Prospects Conference held in Washington, DC, from 4th to 5th December 2003, the participants predicted the revenue and profit of the printing, publishing and processing industries in 2004. It is expected that this year will be after this long-term economic downturn. While achieving revenue and profit growth, the entire printing industry still faces enormous challenges.
Professor Rosen Schweiger of the University of Emory University's Gezi Zuta Business School said: "In the near future, the economy in developed regions of the world will grow slowly. In emerging regions such as China and India, the future economy will achieve Growing rapidly."
Prof Rosen Schweiger is the subject of a spokesperson for the printing industry's prospects conference. He expects China to be the next big market. At the same time, he also pointed out that taking into account the actual purchasing power of the renminbi, China’s economic strength is obvious.
Rosno Romano, a professor at the Institute of Print Media at Rochester Institute of Technology, said: "From now to 2010, digital printing will be a key driver of economic growth, especially the healthy development of advertising, promotion and other direct mail materials. Promote the continuous development of digital printing."
Professor Romano also said: "Over the past four years, the annual print volume of commercial printing has decreased at a rate of 5%. At the same time, the macroeconomic downturn has led to a decline in the annual print volume of commercial printing."
According to the latest survey, in the next two years, half of the 60% of the printers will deliver goods within 24 hours or even less. The survey shows that printing demand is on the rise as a whole, and the quality, technical level, and communication methods provided by printing customers are most appreciated by printing customers.
Charles Pecos, director of CAP Ventures Research, said: "From 2002 to 2007, the growth rate of digital printing and value-added services revenue will be much higher than traditional printing and other related services."
In 2004, the macroeconomic situation of the United States was better than expected. In 2003, the economic growth rate was 4% to 4.5%. 2004 will usher in a year of strong economic growth. However, the economic growth rate will begin to slow down again during the period from 2005 to 2006, and the growth rate will be lower than the average level.
Mergers and acquisitions in the printing industry have decreased significantly during 2002 and 2001. From now on, for some time to come, mergers and acquisitions should show a momentum of growth. If the merger and acquisition activities shrink, the profits of the printing industry will decrease and the number of corporate bankruptcies will increase.
In 2001, there were less than 50 incidents of mergers in the printing industry in the United States, and the number of bankruptcies in printing companies reached more than 500. In 2002 and 2003, mergers and acquisitions in the printing industry in the United States increased. In 2004, mergers and acquisitions of printing companies may also increase.
In 2004, the printing industry is expected to achieve its first growth in four years. Economic analyst forecast for the printing industry. Actual printing sales in 2003 increased by 1.2%, and NAPL forecasts that the print industry's sales growth in 2004 will be 3.2% to 4.1%, and print sales will be approximately $814 to 84.2 billion. At the same time, Napa economist Papardz predicted the current trend of several major printing markets in 2007:
The income ratio of offset printing and its related prepress and postpress processing will increase from the current 68.3% to 81.8%.
The revenue from digital printing (variable content) will increase from the current 6.5% to 13.2%.
Value-added services (database management and one-stop service) revenue will increase from the current 7.8% to 14.5%.
Davis, PLA's chief economic analyst, said: "In 2003, print sales increased by 2.5% compared to 2002, indicating that economic growth has already occurred."
In 2004, print sales are expected to increase by 3 to 4% over 2003. The PIA (American Printing Association) predicts that the markets with the strongest growth are the direct mail market, general commercial printing and fast printing markets.
Professor Rosen Schweiger of the University of Emory University's Gezi Zuta Business School said: "In the near future, the economy in developed regions of the world will grow slowly. In emerging regions such as China and India, the future economy will achieve Growing rapidly."
Prof Rosen Schweiger is the subject of a spokesperson for the printing industry's prospects conference. He expects China to be the next big market. At the same time, he also pointed out that taking into account the actual purchasing power of the renminbi, China’s economic strength is obvious.
Rosno Romano, a professor at the Institute of Print Media at Rochester Institute of Technology, said: "From now to 2010, digital printing will be a key driver of economic growth, especially the healthy development of advertising, promotion and other direct mail materials. Promote the continuous development of digital printing."
Professor Romano also said: "Over the past four years, the annual print volume of commercial printing has decreased at a rate of 5%. At the same time, the macroeconomic downturn has led to a decline in the annual print volume of commercial printing."
According to the latest survey, in the next two years, half of the 60% of the printers will deliver goods within 24 hours or even less. The survey shows that printing demand is on the rise as a whole, and the quality, technical level, and communication methods provided by printing customers are most appreciated by printing customers.
Charles Pecos, director of CAP Ventures Research, said: "From 2002 to 2007, the growth rate of digital printing and value-added services revenue will be much higher than traditional printing and other related services."
In 2004, the macroeconomic situation of the United States was better than expected. In 2003, the economic growth rate was 4% to 4.5%. 2004 will usher in a year of strong economic growth. However, the economic growth rate will begin to slow down again during the period from 2005 to 2006, and the growth rate will be lower than the average level.
Mergers and acquisitions in the printing industry have decreased significantly during 2002 and 2001. From now on, for some time to come, mergers and acquisitions should show a momentum of growth. If the merger and acquisition activities shrink, the profits of the printing industry will decrease and the number of corporate bankruptcies will increase.
In 2001, there were less than 50 incidents of mergers in the printing industry in the United States, and the number of bankruptcies in printing companies reached more than 500. In 2002 and 2003, mergers and acquisitions in the printing industry in the United States increased. In 2004, mergers and acquisitions of printing companies may also increase.
In 2004, the printing industry is expected to achieve its first growth in four years. Economic analyst forecast for the printing industry. Actual printing sales in 2003 increased by 1.2%, and NAPL forecasts that the print industry's sales growth in 2004 will be 3.2% to 4.1%, and print sales will be approximately $814 to 84.2 billion. At the same time, Napa economist Papardz predicted the current trend of several major printing markets in 2007:
The income ratio of offset printing and its related prepress and postpress processing will increase from the current 68.3% to 81.8%.
The revenue from digital printing (variable content) will increase from the current 6.5% to 13.2%.
Value-added services (database management and one-stop service) revenue will increase from the current 7.8% to 14.5%.
Davis, PLA's chief economic analyst, said: "In 2003, print sales increased by 2.5% compared to 2002, indicating that economic growth has already occurred."
In 2004, print sales are expected to increase by 3 to 4% over 2003. The PIA (American Printing Association) predicts that the markets with the strongest growth are the direct mail market, general commercial printing and fast printing markets.
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