Printing in Illinois
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. Although industry operators that specialize in packaging will weather this decline better than others, falling print advertising expenditure is expected to further drive down industry revenue.
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.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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