All these markets are in themselves impacted by changing trends and pressures on demand. Economics, both macro and micro, influence organisational and individual expenditure.
The industry has been managing the after effects of the major disruption of the pandemic and inflation as well as energy and transport price hikes. More specific to print was the rising costs of consumables, such as paper, plates and inks, between 2021 and 2023. These have since abated but helped boost digital print as a provider of cost effective short runs.
Wage increases for production, sales, and administration staff, will have an ongoing effect. Print providers are finding it difficult to recruit and retain skilled staff, leading many companies to invest in automation systems and robotics. This trend will increase in the next decade benefiting digital print systems as they are usually easier to automate, particularly when linking to finishing.
This is especially pertinent as The World Economic Forum’s
‘Future of Jobs Report 2025’ forecasts that Printing and Related Trades Workers will be one of the fastest declining employment sectors between 2025 and 2030 - 2 million jobs are set to disappear, accounting for 20% of direct employees in 2025.
Demographics also defines demand for print and packaging. Print volumes are determined by population numbers and age ranges. Smithers predicted greater use of targeted communications, with more designs and lower runs lengths, well suited to digital print.