Emergence of self-publishing is an upcoming trend and gaining immense traction in the global book printing market.
Arizton’s recent market research report on the global book printing market provides comprehensive industry analysis, trend forecasts, and competitive analysis. The research study segments the market by type (children’s books, educational and professional books, leisure and lifestyle books, and other books), by revenues channel (publishers and self-publishing), by geography (APAC, Europe, North America, and ROW), and offers detailed competitive analysis.
The global book printing market is expected to generate revenues of around $49 billion by 2024, growing at a CAGR of more than 1% during 2018-2024.
The introduction and adoption of digital printing capabilities and the rising trend of demand for shorter run printing jobs are fueling the growth of the global market. The increasing number of vendors are using offset printers and increasing their printing capabilities to attract a maximum number of consumers in the global book printing market.
The top 3 drivers and trends fueling the growth of the global book printing market are discussed below:
Increased access to improved book printing services
The significant increase in the sales of printed books is encouraging the vendors to increase their production capacities in the global book printing market. The books are becoming priced possessions and carry an image of objects of beauty. Reading has also been one of the favorite pastimes of people of all ages across the globe, ranking after only to watching TV and listening to music in the market. The leading publishers and book printers are investing significant time and resources to make beautiful and alluring books and gain a larger global book printing market share. The recent trend in the market witnessed in the book manufacturing process are commissioning renowned illustrators and designers to ensure that their printed books remain a desirable form of reading. The internet and access to online commerce platforms serve as a vital channel for promotion of print-on-demand and self-publishing channels in the global market. The increasing focus on environmental issues is encouraging vendors to adopt several green measures to promote sustainability in the global market. The increasing use of recycled paper or paper manufactured from alternative and replenishable sources and responsible disposal of solvents and chemicals is garnering a growing demand from eco-friendly customers in the market. Such initiatives will boost the revenues in the global book printing market during the forecast period.
Self-publishing and digital short run printing
The emergence of self-publishing is an upcoming trend and gaining immense traction among independent authors in the global book printing market. The self-publishing method removes the need for publishers and book agents and is a cost-effective option to publish books. The independent authors undertake to design, drafting, and seek book printing companies for producing smaller batches of books in the market. The minimal initial cost of self-publishing is fueling the growth of the global book printing market. The growing demand for short-run prints facilitated by digital printing is likely to emerge as preferred print-on-demand service in the global market. Digital printing offers a shorter lead time for production and high-cost effectiveness as plate setting,and several other offset printing procedures are not required in this process. With the increasing requirements including printing effect and production lead time from readers and publishers, the printing quality and efficiency are likely to improve in the global market over the next few years. The book printing companies are focusing on automation in the production process including binding, collating, and other post-production processesto minimize scrap rate, enhance efficiency, and reduce labor cost in the market. The adoption of digital printing services will fuel the demand for short-run printing and print on demand services in the global book printing market.
Innovations in raw materials and printing technologies
The increasing focus on innovative manufacturing process and the use of sustainable materials will fuel the growth of the global book printing market. The book manufacturers are still investing continuously in research and development of cutting-edge advancements in the manufacturing of ink and other equipment and machinery to finish the product impeccably in the market. The use of sustainable paper and ink to reduce the adverse effects on the environment will contribute to the evolution of the global book printing market. The advancement in technology will lead to a higher requirement of fancy design, special printing effect, and shorter production lead time from the customers in the global market. The manufacturers are automating the production process that includes binding and collating and other post-press finishing steps to enhance the efficiency and production capabilities in the global book printing market.
The leading vendors in the global book printing market are RR Donnelley & Sons, Quad Graphics, LSC Communications, and CPI Corporate.
The complete overview of the latest market research report on the global book printing market by Arizton is now available.
The report also offers a detailed study of major trends, drivers, challenges, and also provides the market size and forecast for major geographical regions and key countries.
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