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Viewing report
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Printing Market Report 2011
Key Note Publications Ltd, June 2011, Pages: 91
Key Note estimates that UK printers’ sales were worth around £10.11bn in 2010. This includes sales from many sectors of the market, including the following: advertising literature; programmes, tickets, vouchers and business cards; books, brochures and pamphlets, and reports and accounts; periodicals and journals; printed packaging; printed labels; security printing; newspapers; business forms; and bound stationery. These products are sold to a variety of businesses and consumers in the public and private sectors, as well as to non-profit-making organisations and individuals.
The printing market has been changing for many years and is currently declining in value owing to many influential factors, such as the fall in profitability. Many printers have reduced margins and lowered pricing points to accommodate clients better, although this has weakened the potential value of the market, while also decreasing the number of enterprises in the market. In 2010, there were a number of closures, administrations, liquidations, acquisitions and mergers in the printing industry. Many printers were forced to leave the market, which has been further affected by the recession, although many problems had been occurring long before the economic crisis in the UK.
Technological advances have also threatened the industry, as new devices and the Internet have created digital competition for printers. Environmental issues have also affected sales, as both businesses and consumers have become more aware of their carbon footprint and are trying to reduce unnecessary waste, such as packaging and printing.
The structure of the marketplace in terms of the printing companies has remained similar to previous years, with the same group of printers — DS Smith PLC, De La Rue PLC and British Polythene Industries PLC — remaining dominant, although there have been a number of changes regarding ownership. The most recent changes to the market leaders include Polestar UK Print Ltd being acquired by Sun European Partners in April 2011, while Nampak’s carton and healthcare sectors were acquired by Platinum Equity in February 2011.
The future of the printing industry remains fairly uncertain; while sales are predicted to increase in the forthcoming years, these could just be temporary. London’s hosting of the Olympic Games in 2012 is expected to boost the industry; not only will it bring tourists to the UK, it will also help the printing industry as large numbers of programmes, tickets and security printing will be needed. Slower increases in market growth are forecast for the following years. Key Note estimates that, by 2015, UK printers’ sales will be worth £10.55bn, although long-term increases for the industry are not expected.
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