This Market Report examines the printing market in the UK. Printing is central to the UK economy, its products feeding into every business sector. The market is also a net contributor to the UK balanc
April 13, 2007 (Press Release) --
Printing Market Report 2007
Executive Summary
This Market Report examines the printing market in the UK. Printing is central to the UK economy, its products feeding into every business sector. The market is also a net contributor to the UK balance of payments. However, a remarkable fact about the industry in 2006 was its failure to benefit from the strong growth in the economy, a fact that has given many in the industry pause for thought. The printing industry was once hailed as a bellwether of the UK economy, its performance generally mirroring that of the overall economy. However, 2006 has shown that this corollary no longer holds true and it remains to be seen whether the market's performance in 2006 represents just a blip or portends a sea-change in the fortunes of the printing sector.
Printed products include: publications, such as books, magazines and newspapers; business items, such as continuous stationery and account books; hard-bound stationery, such as exercise books, diaries, notebooks and calendars; promotional products, such as brochures, catalogues, direct mail and corporate literature; and packaging for manufacturers.
It is estimated that the market was worth around £12.51bn in 2006. As the year came to a close, it was clear that the industry had weathered its worst year since the recession of the early 1990s. The market shrank and competition was intense, with price cutting the order of the day. Higher energy and paper prices cut into printers' profits even further and led to a large number of closures and receiverships. Merger and acquisition activity was also very high
Executive Summary
This Market Report examines the printing market in the UK. Printing is central to the UK economy, its products feeding into every business sector. The market is also a net contributor to the UK balance of payments. However, a remarkable fact about the industry in 2006 was its failure to benefit from the strong growth in the economy, a fact that has given many in the industry pause for thought. The printing industry was once hailed as a bellwether of the UK economy, its performance generally mirroring that of the overall economy. However, 2006 has shown that this corollary no longer holds true and it remains to be seen whether the market's performance in 2006 represents just a blip or portends a sea-change in the fortunes of the printing sector.
Printed products include: publications, such as books, magazines and newspapers; business items, such as continuous stationery and account books; hard-bound stationery, such as exercise books, diaries, notebooks and calendars; promotional products, such as brochures, catalogues, direct mail and corporate literature; and packaging for manufacturers.
It is estimated that the market was worth around £12.51bn in 2006. As the year came to a close, it was clear that the industry had weathered its worst year since the recession of the early 1990s. The market shrank and competition was intense, with price cutting the order of the day. Higher energy and paper prices cut into printers' profits even further and led to a large number of closures and receiverships. Merger and acquisition activity was also very high
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