Cold press: Rising digital competition has hurt demand for the industry

The Printing industry in Illinois has been declining over the past five years due to rising competition from digital media. As a result of changing consumer preferences and the proliferation of mobile devices, companies have shifted their investments from print to digital advertising. Moreover, this shift has especially impacted publishers, who are a key buying market for the Printing industry. However, the decline in the industry has not been as severe as it could have been as a result of many operators generating revenue from printing labels and packaging for consumer goods. Over the five years to 2022, industry revenue is expected to continue its downward trend...read more.

Industry Statistics & Market Size
Revenue
$5bn
Annual Growth 12-17
-2.3%
Forecast Growth 17-22
Profit
Employment
25,011
Businesses
2,132

Industry Threats & Opportunities

  • More operators have been investing in digital printing, which generates lower profit margins but increases sales volume
  • The wave of consolidation in the industry has also resulted in layoffs
  • Operators are expected to earn less from book, magazine and newspaper publishers
  • Industry Report - Industry Analysis Chapter

    The Printing industry in Illinois has struggled over the past five years as downstream markets have turned away from traditional printed media and transitioned more toward digital media. In this way, the Printing industry in Illinois reflects trends in the industry at the national level. Commercial printers rely heavily on demand from advertisers, publishers and other businesses in the professional services sector. However, expenditures on print advertising have declined rapidly over the past five years, which has led to a significant collapse in demand for printed products. Similarly, demand from publishers, which purchase industry services to produce physical copies of books, magazines and newspapers, has fallen significantly due to cutbacks in print advertising...purchase to read more.

    Additional Insights for the Printing in Illinois Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Printing in Illinois Industry are

  • Having marketing expertise
  • Access to highly skilled workforce
  • Attractive product presentation
  • IBISWorld analysts also discuss how external factors such as Print advertising expenditure and Consumer Spending in Illinois in the Printing in Illinois industry impact industry performance..

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    What's in this report

    What is the Printing in Illinois Industry?

    Companies in this industry primarily print on paper, textile products, metal, glass, plastic and other materials. Industry operators engage in a variety of printing processes, including lithographic, gravure, screen, flexographic, digital and letterpress processes. This industry does not include publishers that also perform printing, nor does it comprise companies that perform prepress or postpress services without traditional printing.

    Industry Products
  • Commercial lithographic printing
  • Digital printing
  • Commercial flexographic printing
  • Commercial screen printing
  • Book printing
  • Commercial gravure printing
  • Industry Activities
  • Commercial lithographic printing
  • Commercial gravure printing
  • Commercial flexographic printing
  • Commercial screen printing
  • Quick printing
  • Digital printing
  • Manifold business forms printing
  • Book printing
  • Blank book, loose-leaf binders and devices
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Print advertising expenditure
  • Consumer Spending in Illinois
  • Number of Businesses in Illinois
  • Manufacturing capacity utilization

  • Current Performance
  • Increasing consolidation
  • Shrinking workforce
  • Flat prices
  • Chart: Revenue Growth

  • Industry Outlook
  • Slowing decline
  • Further consolidation
  • Table: Printing in Illinois Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Printing in Illinois Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Retail Trade
  • Magazine & Periodical Publishing
  • Book Publishing
  • Finance and Insurance
  • Professional, Scientific and Technical Services

  • Key Selling Industries
  • Computer Manufacturing
  • Computer Peripheral Manufacturing
  • Ink Manufacturing
  • Paper Mills
  • Paperboard Mills
  • Printing Services

  • Products & Services
  • Commercial lithographic printing
  • Commercial gravure printing
  • Other
  • Digital printing
  • Commercial flexographic printing
  • Commercial screen printing
  • Book printing
  • Chart: Printing in Illinois Industry Products and Services Segmentation

  • Major Markets
  • Advertisers
  • Other
  • Manufacturers
  • Publishers
  • Financial and legal firms
  • Chart: Major Market Segmentation for the Printing in Illinois Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Rent and utilities
  • Depreciation
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Printing in Illinois

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Printing in Illinois Industry

  • R.R. Donnelley & Sons Company, LSC Communications Inc., Quad/Graphics Inc., American Litho Inc., Fort Dearborn Company,
  • Table: R.R. Donnelley & Sons Company - financial performance
  • Table: LSC Communications Inc. - financial performance
  • Table: Quad/Graphics Inc. - financial performance
  • Table: American Litho Inc. - financial performance
  • Table: Fort Dearborn Company - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Printing in Illinois Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Printing in Illinois Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Print advertising expenditure (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Computer-To-Plate Printing
  • A process in which digital data is transferred from computers directly onto printing plates.
  • Gravure Printing
  • A process in which images are engraved on a copper cylinder and immersed in ink before being rolled on the material to be printed. Gravure printing is typically used for high-volume production.
  • Printing Plate
  • The equipment used to transfer images to paper or other materials. Printers prepare separate plates for each color.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Printing in Illinois can be used to help you understand the industry’s market size, growth potential and major companies. Five-year forecasts provide insight into the industry’s prospects, so you can make decisions with confidence. This information is perfectly suited to informing your business plans, pitch books, benchmarking and SWOT analysis.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Printing in Illinois:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Printing in Illinois market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Printing in Illinois, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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