Industry News
Smithers forecasts the global printing market to reach $874 billion in 2024
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geographic emphasis, according to Smithers’ The Future of Global Printing to 2024 report. The report forecasts the global printing market value will increase from $818 billion in 2019 to $874 billion by 2024, with a compound annual growth rate (CAGR) of 1.3% – illustrating that value-adding potential still exists. Total print volumes will remain constant at around 49.5 trillion A4 prints or equivalents, however.
The worldwide print industry remains in a stage of transition, with an impetus to refocus on emergent market opportunities, and those segments
here will be a moderate increase in growth in the global print market across the next five years, as the industry adjusts to new product demands, more flexible business models, and a shift in
where print service providers can adapt to deliver higher value, shorter run work.
Major trends for the next five years include: ● Print demand continues to shift. Commercial print is seeing declining volumes. As is most of publications print, although book printing is returning to growth. In contrast packaging and label work is booming. This is leading to a new focus from PSPs and the development of new equipment dedicated to specific packaging substrates. ● Print volumes are increasing quickest in transition economies. Of the fastest growing national print markets 2014-2024: three are in Latin America, three in Eastern Europe, two in the Middle East and Africa, and seven in Asia. In response OEMs and ink suppliers are globalising their sales forces and partnering with local firms.
● Print equipment sales will follow these broader market trends – overall equipment sales will fall marginally across the forecast period. Decline in demand for analogue systems will be highest. ● The drive to digital production will be reflected in analogue equipment design, with greater automation of press operation and the moving of many finishing operations inline. Hybrid configurations are helping add greater flexibility to some analogue platforms. ● OEMs are keen to diversify their equipment portfolio. The emphasis on inkjet systems means many are now finding new opportunities in functional and industrial print, including interior décor, electronics manufacture, 3D printing, and direct to object work. Overall this segment will grow at 7.0% year-on-year through to 2024.
Rowlinson Knitwear becomes one of the first members of the Greater Manchester Good Employment Charter
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owlinson Knitwear has become one of the first six organisations in Greater Manchester to sign up as a member of the
UK’s most comprehensive Good Employment Charter aimed at improving wages and employment standards.
Rowlinson has pledged to pay all staff the real living wage, offer flexible working and provide security.
Employee-owned Rowlinson worked closely with the Charter since its launch in 2019, and was chosen for its excellent practices and commitment to continually improving its employment standards. Additionally, the company is representative of the diverse range of employers across Greater Manchester that the Charter is looking to engage with and support.
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TP Apparel, the first and only brand providing organic pre-treated T shirts ready to be printed, is now distributed in the UK by PenCarrie. As a brand, RTP Apparel has revolutionised direct to garment digital printing, by developing a unique and innovative technology that allows printers to skip the pre-treatment step. Thanks to RTP Apparel products, digital printing on textiles is easily operated: simplified printing process, stronger reactivity, better printing productivity, clean working environment and ability to print on demand in shops. The collection is Oeko-Tex Class 100 certified and all products are made from organic cotton (OCS-OCS blend certified)
www.printwearandpromotion.co.uk
Rowlinson signs up to the Greater Manchester Good Employment Charter RTP Apparel now distributed by PenCarrie
with soft handfeel and clean fabric surface, which enable prints to be qualitative and durable.
The T shirts are made for men, women and kids in three different weights. They are all modern fit and exist in a range of four colours (deep black, optical white, French navy and grey mélange), which are specifically picked for vibrant and contrasting prints. Paris-based SOLO Group is responsible for the design and production of the RTP Apparel collection across Europe, Africa and the Middle East.
The collection was showcased for the first time in the UK at Printwear & Promotion LIVE! in January.
April 2020 |21 |
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