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Printing Market Report 2001
Key Note Publications Ltd, Jan 2001
The printing market is one of the UK's major economic sectors. Key Note estimates that the UK market for printed products in 2000 was worth £12.34bn excluding bookbinding, finishing, composition and platemaking. If these categories are included then the value of the UK printing market accounted for £13.19bn in 2000.
The UK's printers serve 13 sectors including book and magazine publishing, advertising, stationery, labels, packaging, diaries and calendars, as well as all kinds of commercial stationery from business forms to annual reports.
The printing sector is being affected by several factors including increased paper costs, rising client expectations, technical developments such as computer-to-plate technology, digital printing and e-commerce (electronic commerce), plus greater competition. During 2000, the effect of this competition was exacerbated by the strength of sterling against European currencies.
The printing industry has seen a number of significant mergers and acquisitions during 2000, as well as considerable restructuring. Some of these developments have led to management buy-outs (MBOs). The number of MBOs has been high in 2000.
For most printers the future looks good, despite the advance of electronic communications. Demand for printed products is set to rise quite strongly over the next 5 to 10 years. This is the view of both UK and foreign forecasters. However, demand for electronic media products is set to soar.
Key Note forecasts that the UK market will grow in value by between 2% and 2.5% in each year from 2001 onwards. Not all printers will benefit from this growth. Printers involved in commercial stationery, poster advertising, diaries and calendars are likely to see demand for their products decline.
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