Printing Market Report 2008
Key Note Publications Ltd, February 2008, Pages: 88
This Market Report analyses the UK market for printing and its suppliers. Printing permeates almost every UK business sector, making it an indicator of the health of the whole economy. The market is a net contributor to the UK balance of payments, despite the fluctuations in the exchange rate. However, despite all these inherent strengths, the current economic climate finds the printing market under intense pressure. The major issue affecting companies in the market — with the exception of market leaders, such as De La Rue — is weak profitability. Profitability has been poor for around a decade, but it has become a particular concern over the last 5 years, since 2002. We estimate that the UK market for printed products in 2007 was worth £11.62bn.
The UK printing industry provides products and services to the following business sectors: advertising literature; books, brochures, leaflets and reports and accounts; bound stationery; business forms; newspapers; packaging; periodical and journals; printed labels; programmes, tickets, vouchers and business cards; and security printing.
2007 was a particularly difficult year for the printing market. The volume of demand for printed products was generally stable and, in total, appears to have grown. However, some sectors suffered a fall in demand. Furthermore, printers faced rising prices for their basic raw materials — energy, paper, board, plastics and inks. Conversely, the intense competition for print contracts keeps prices low.
The UK printing market is fragmented, with thousands of small and medium-sized firms: only 3.3% of companies recorded sales of more than £5m, and only seven UK companies reaching turnovers of £300m or more. Gradually, year by year, the number of printing companies is shrinking; and it is clear from a survey by the British Printing Industries Federation (BPIF), in 2007, that every printer expects this trend to continue, and that most printers expect it to accelerate.
The industry continues to restructure, with acquisitions, mergers and management buyouts (MBOs). As a result, private-equity firms have taken an interest in the market, aiming to take advantage of the trend towards consolidation, by investing in companies that they believe are in a good position to acquire competing or complementary businesses. Two sectors that are especially susceptible to consolidation are book and magazine printing, and this is likely to continue into 2008.
The main threat to the printing industry is the Internet. Not only is advertising slipping away to online sites, but in some print sectors — such as catalogues, brochures, reports and accounts, and stationery — the Internet is replacing printed media. For the management of the industry, training is a pressing issue, and will need to be addressed more vigorously in 2008.
Executive Summary
1. Market Definition
REPORT COVERAGE
MARKET SECTORS
Advertising Literature
Programmes, Tickets, Vouchers and Business Cards
Printed Packaging
Books, Brochures, Booklets,
Leaflets, and Reports and
Accounts
Periodical and Journals
Printed Labels 3
Business Forms
Security Printing
Newspaper Printing
Bound Stationery
MARKET TRENDS
A Tough Market
Weak Prices Continue
Screen Printing and Finishing
Market in Decline
Mixed Picture in the Pre-Press
Market
Digital Printing on the Increase
ECONOMIC TRENDS
Population
Table 1: UK Resident Population Estimates by Sex (000), Mid-Years 2002-2006
Gross Domestic Product
Table 2: UK Gross Domestic Product
at Current and Annual
Chain-Linked Prices (£m),
2002-2006
Inflation
Table 3: UK Rate of Inflation (%), 2002-2006
Unemployment
Table 4: Actual Number of Unemployed Persons in the UK (million), 2002-2006
MARKET POSITION
The UK
2. Market Size
The Total Market
Table 5: Total UK Printers’ Sales
by Sector by Value at Current
Prices (£m at msp), 2003-2007
Figure 1: Total UK Printers’ Sales
by Sector by Value at Current
Prices (£m at msp), 2003-2007
By MARKET SECTOR
Advertising Literature
Table 6: UK Printers’ Sales of Advertising Literature by
Value at Current Prices
(£m at msp), 2003-2007
Programmes, Tickets, Vouchers
and Business Cards
Table 7: UK Printers’ Sales of Programmes, Tickets,
Vouchers and Business Cards
by Value at Current Prices
(£m at msp), 2003-2007
Printed Packaging
Table 8: UK Printers’ Sales of
Printed Packaging at Current
Prices (£m at msp), 2003-2007
Books, Brochures, Booklets,
Leaflets, Reports and Accounts
Table 9: UK Printers’ Sales
of Booklets, Leaflets and
Reports and Accounts by
Value at Current Prices
(£m at msp), 2003-2007
Periodicals and Journals
Table 10: UK Printers’ Sales of Periodicals and Journals
by Value at Current Prices
(£m at msp), 2003-2007
Printed Labels
Table 11: UK Printers’ Sales of
Labels by Value at Current
Prices (£m at msp), 2003-2007
Business Forms
Table 12: The UK Printers’ Sales of Business Forms by Value at
Current Prices (£m at msp),
2003-2007
Security Printing
Table 13: UK Printers’ Sales of
Security Printing by Value at
Current Prices (£m at msp),
2003-2007
Newspaper Printing
Table 14: UK Printers’ Sales of Newspapers by Value at
Current Prices (£m at msp),
2003-2007
Bound Stationery
Table 15: UK Printers’ Sales of
Bound Stationery by Value
at Current Prices (£m at msp),
2003-2007
OVERSEAS TRADE
Table 16: UK Exports and Imports
of Printed Matter by Value (£m), 2002-2006
3. Industry Background
INTRODUCTION
RECENT HISTORY
Number of Companies
Table 17: Number of UK
VAT-Based Enterprises Engaged
in Printing and Service
Activities Related to Printing
by Turnover Sizeband,
2006 and 2007
Employment
Table 18: Number of UK
VAT-Based Enterprises Engaged
in Printing and Service
Activities Related to Printing
by Employment Sizeband,
2006 and 2007
REGIONAL VARIATIONS In the marketplace
How ROBUST is the market?
LEGISLATION
key TRADE ASSOCIATIONS
British Printing Industries
Federation
The Institute of Paper, Printing
and Publishing
Picon Ltd
Pira International
Printing Industry Alliance
Vision in Print
4. Competitor Analysis
the MARKETPLACE
Table 19: The Top 25 UK Printing Companies by Turnover (£m), 2006/2007
MARKET LEADERS
Amcor Flexibles UK Ltd
RR Donneley Global Document Solutions
British Polythene Industries PLC
Chesapeake UK Holdings Ltd
Communisis PLC
De La Rue PLC
Nampak Holdings (UK) PLC
The Polestar Corporation PLC
St Ives PLC
Williams Lea Group Ltd
Marketing activity
Key Trade Exhibitions
5. Strengths, Weaknesses, Opportunities and Threats
STRENGTHS
WEAKNESSES
OPPORTUNITIES
THREATS
6. Buying Behaviour
CUSTOMER PROFILE
FACTORS Affecting BUYING BEHAVIOUR
7. Current Issues
MARKET DIFICULTIES
CORPORATE ACTIVITY
MORE STRUCTURAL CHANGE
TRAINING
8. The Global Market
MARKET Size and position
Table 20: The Global Market for
Print and Electronic Media
by Value (£bn), 2003-2007
EUROPE
9. Forecasts
INTRODUCTION
The Economy
Table 21: UK Economic Forecasts
(000, % and million), 2007-2011
FORECASTs 2008 to 2012
Table 22: The Forecast Total UK Printing Market by Value
(£bn at msp), 2007-2012
Market Growth
Figure 2: Growth in the Total UK Printing Market by Value (£bn
at msp), 2007-2012
Market Trends
10. Company Profiles
Amcor Flexibles UK Ltd
British Polythene Industries PLC
Chesapeake UK Holdings Ltd
Communisis PLC
De La Rue PLC
Nampak Holdings (UK) PLC
St Ives PLC
Williams Lea Group Ltd
11. Further Sources
Associations
Publications
Government Publications
Other Sources
Bisnode Sources
Amcor Flexibles UK Ltd
British Polythene Industries PLC
Chesapeake UK Holdings Ltd
Communisis PLC
De La Rue PLC
Nampak Holdings (UK) PLC
St Ives PLC
Williams Lea Group Ltd
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