Commercial Print Services Industry Procurement Intelligence, Supplier Intelligence, Supplier Ranking 2020 – 2027
Procurement Outlook
The difference between personal printing and commercial printing
is the volume and the types of printing done. Commercial printing services are
classified into four types. These are offset lithography, digital, large
format, LED UV printing. Digital and large format printing are two of the most
commonly used commercial printing services. Commercial printing is used in
almost all sectors. From coupons to business cards to marketing and promotional
materials like flyers and banners, all such products use commercial printing
extensively.
Demand Outlook
The global market for commercial print services was valued at
USD 736 billion in 2020. The industry is expected to show a modest growth rate
of 0.7% CAGR between 2020 and 2027 to reach USD 773 billion by 2027. The
primary reason for the low growth rate of the industry is its matured nature.
Geographically, North America, several European and APAC industries like China,
Japan, and Korea have already reached industry maturity.
Over 75% of the overall commercial print services industry is
taken by the geographically mature industries (like North America, Western
Europe, China, Japan, and Korea). In fact, due to the proliferation of
digitization, the commercial print services industry is expected to decline in
some of the mature industries like North America and some parts of Western
Europe. The progression in the industry will be led by Latin America and some
of the Asian countries where commercial print services are yet to reach their
maturity and there is still a requirement for physical printed products, which
are otherwise circulated digitally in the mature industries.
Read
report summary: CommercialPrint Services Industry Procurement Intelligence
Cost
Drivers
While the overall industry is expected to demonstrate low
growth, commercial print service providers are employing cost-savings
strategies to improve their margins. One of the primary cost savings strategies
is employed while procuring the major raw material, i.e. paper. The industry is
moving towards a forward buying paper strategy and using recycled paper in
several instances.
Several companies are proving value-added services like mailing,
fulfillment, graphic designs, and several other add-on services which would aid
them to deliver innovative services to their customers. Since the industry has
reached maturity in several regions with costs having been fixed over a period
of time, the only measure to increase bill value is to provide bundled services
and include add-on services which would increase the margins a supplier could
earn.
Apart from focusing on the main ingredient and providing bundled
services, several suppliers are also changing the method of ink. One of them is
using soy ink instead of the traditional petroleum-based ink. Using soy ink is
helps the suppliers market themselves as eco-friendly which helps build their
brand image. While this is not a cost driver, in particular, measures like this
help companies increase their market share and provide top-of-the-mind recall.
Check out the featured AddonServices offered with Commercial Print Services
Industry Procurement Intelligence Report:
About us:
A smart and effective supply chain is
essential for growth in any organization. Pipeline division at Grand View
Research provides detailed insights on every aspect of the supply chain which
helps in efficient procurement decisions.
Our services include (not limited to):
·
Market Intelligence involving - market size and forecast, growth
factors, and driving trends
·
Price and Cost Intelligence - pricing models adopted for the category,
the total cost of ownership
·
Supplier Intelligence - rich insight on supplier landscape, and
identifies suppliers who are dominating, emerging, lounging, and specializing
·
Sourcing / Procurement Intelligence - best practices followed in the
industry, identifying standard KPIs and SLAs, peer analysis, negotiation
strategies to be utilized with the suppliers, and best-suited countries for
sourcing to minimize supply chain disruption
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