Commercial Print Services Procurement 2030- Industry Growth Fueled by Innovation and APAC Boom

Commercial Print Services Category - Procurement Intelligence

The commercial print services industry is expected to experience a growth rate of 2.8% from 2023 to 2030, with the APAC region holding the largest market share. This growth can be attributed to the increasing utilization of printing technology for promotional activities and the growing popularity of digital printing. Companies within the industry are actively adopting various strategies, including investments, partnerships, and mergers & acquisitions, to propel their growth. An example of such a strategy is the recent partnership between Konica Minolta Business Solutions U.S.A., Inc. and Elastic Path, aimed at enhancing the B2B commerce experience through the implementation of a multi-vendor approach.

Print-on-demand (POD) is an innovative business model that offers product customization and order-by-order sales, while also emphasizing environmental sustainability. POD companies employ water-saving printing methods and opt for cardboard packaging to minimize their environmental impact, replacing plastic packaging.

Order your copy of the Commercial Print Services category procurement intelligence report 2023-2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis

Global Commercial Print Services Market Size, by Printing Type, 2020 -2030 (USD Billion)

In line with their commitment to innovation, companies in the print services industry are continuously seeking partnerships or developing their own technology. For example, Westrock Company recently acquired the HP PageWide T1190 inkjet digital press to enhance their existing printing processes and expand their capabilities. Quad, on the other hand, has added the Landa S10P Nanographic Printing Press to its In-Store Solutions production offering, allowing for faster and more efficient printing with unlimited variable print options. Siegwerk introduced SICURA Litho Pack ECO, a UV offset ink with over 40% sustainable and plant-based components, which sets a new standard in environmentally friendly printing. Furthermore, Cimpress entered into a partnership with Canon to supply its various enterprises and strengthen its position in the growing online printing industry.

Commercial Print Services Sourcing Intelligence Highlights

  • The global commercial print services category is fragmented, with numerous small and large players operating in different regions. The competition between players is intense as they strive to gain a wider customer base by investing in R&D to develop new products and improve customer experiences
  • The suppliers of this service compete with each other by offering competitive prices for their services, lowering their bargaining power
  • Printing equipment, toner & supplies, and paper form the most significant cost component in providing commercial print services. The overall cost also depends on factors such as labor, repair, and maintenance
  • Service providers in this category offer services from graphic design, printing, fulfillment, marketing services, and others

List of Key Suppliers

  • Quad/Graphics Inc.
  • Acme Printing
  • Cenveo
  • RR Donnelley
  • Transcontinental Inc.
  • LSC Communications US, LLC.
  • Gorham Printing, Inc.
  • Dai Nippon Printing
  • The Magazine Printing Company
  • Cimpress plc
  • Quebecor World Inc.
  • Duncan Print Group 

Browse through Grand View Research’s collection of procurement intelligence studies:

Commercial Print Services Procurement Intelligence Report Scope

  • Commercial Print Services Category Growth Rate : CAGR of 2.8% from 2023 to 2030
  • Pricing Growth Outlook : 3% - 5%(annual)
  • Pricing Models : Volume-based pricing model, Performance-based pricing model
  • Supplier Selection Scope : Cost and pricing, past engagements, productivity, geographical presence
  • Supplier Selection Criteria: Printing methods, print size, print quality, price, technical expertise, security measures, cost and value, support and maintenance, regulatory compliance, and others.
  • Report Coverage : Revenue forecast, supplier ranking, supplier positioning matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model 

Brief about Pipeline by Grand View Research:

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 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, total cost of ownerships
  • 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 disruptions 

 

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