22 Jun Computer-to-Plate Equipment Market and Growth Overview
To succeed long -term in the print industry, businesses must adapt to changing market and economic conditions. The following insights may help guide your business strategy.
Experts report this year is on to an impressive recovery in print, with annual revenue expected to be $199.5 billion, give or take inflation at the hands of materials suppliers and freight companies, according to Printing Impressions. However, the distribution of print demand will continue to shift away from traditional concentrations.
Sabine Geldermann, Director at Drupa, Messe Duesseldorf, comments, “Print can be optimistic about the future. After the double blow of the 2008 global recession and the consumer shift to digital communications, printers and suppliers are taking full advantage of the slow, but clear global economic revival and finding new ways to exploit emerging technologies so as to place print as a central tool for consumers.”
Printing Impressions researched the top 25 hot markets for printing – which will account for nearly 95% of total print spending. The top seven industry contenders and their estimated expenditures include:
- Packaged foods – $18.8 billion to print
- Medical and pharmaceutical – $16.2 billion
- Publishing, Non-Newspaper – $11.4 billion
- Telecommunications – $11 billion
- Banking and insurance – $10.9 billion
- Beverages – $10.5 billion
- Health providers with $10.5 billion.
According to the 5th annual Drupa Global Print Report, the growth of digitally printed packaging is also on the rise, with 34% of packaging printers offering digital inkjet print – up from 24% in 2014.
More specifically to the Computer-to-Plate (CTP) industry, Research and Markets released its Printing Machinery And Supplies – Global Strategic Business Report, which provides separate but comprehensive analytics for over 210 companies in key CTP industry markets such as the United States, Canada, Japan, Europe, Asia-Pacific and Latin America. Top CTP brands covered include Agfa in Belgium, Heidelberter Druckmaschineen in Germany and Kodak from the United States, among others. Annual estimates and forecasts are provided through 2024.
Meanwhile, Orbis Research unveiled its 2018 Market Research Report on Global Computer to Plate (CTP) Equipment Industry report, which also provides key information about the industry, including facts and figures, expert opinions and the latest developments across the globe. It also includes an analysis of such individual regions as North America, Europe, China, Japan, Southeast Aisa and India.
Printers are looking for digital press solutions that offer the best output at a low total cost of ownership to enable not only rapid and quality printing, but also a rapid Return on Investment (ROI). As continued improvements in productivity and reliability make digital printing fast, flexible and more cost effective, the industry stands to gain even more market value, while offset processes continue to decline in market share.
Are your CTP press solutions the most effective to meet your clients’ business needs and keep you in the game for long-term success?
Platesetters.com regularly stocks, sells and services a wide variety of top brand CTP solutions. Call today to speak to representative, who can answer your questions and help determine your needs today.