Product Type: Market Research Report
Published by: Key Note Publications Ltd
Published: February 2008
Product Code: R310-1537Description This Key Note Market Report analyses the UK market for printing and its suppliers. Printing permeates almost every UK business sector, making it an indicator of the health of the whole economy. The market is a net contributor to the UK balance of payments, despite the fluctuations in the exchange rate. However, despite all these inherent strengths, the current economic climate finds the printing market under intense pressure. The major issue affecting companies in the market — with the exception of market leaders, such as De La Rue — is weak profitability. Profitability has been poor for around a decade, but it has become a particular concern over the last 5 years, since 2002. Key Note estimates that the UK market for printed products in 2007 was worth £11.62bn.
The UK printing industry provides products and services to the following business sectors: advertising literature; books, brochures, leaflets and reports and accounts; bound stationery; business forms; newspapers; packaging; periodical and journals; printed labels; programmes, tickets, vouchers and business cards; and security printing.
2007 was a particularly difficult year for the printing market. The volume of demand for printed products was generally stable and, in total, appears to have grown. However, some sectors suffered a fall in demand. Furthermore, printers faced rising prices for their basic raw materials — energy, paper, board, plastics and inks. Conversely, the intense competition for print contracts keeps prices low.
The UK printing market is fragmented, with thousands of small and medium-sized firms: only 3.3% of companies recorded sales of more than £5m, and only seven UK companies reaching turnovers of £300m or more. Gradually, year by year, the number of printing companies is shrinking; and it is clear from a survey by the British Printing Industries Federation (BPIF), in 2007, that every printer expects this trend to continue, and that most printers expect it to accelerate.
The industry continues to restructure, with acquisitions, mergers and management buyouts (MBOs). As a result, private-equity firms have taken an interest in the market, aiming to take advantage of the trend towards consolidation, by investing in companies that they believe are in a good position to acquire competing or complementary businesses. Two sectors that are especially susceptible to consolidation are book and magazine printing, and this is likely to continue into 2008.
The main threat to the printing industry is the Internet. Not only is advertising slipping away to online sites, but in some print sectors — such as catalogues, brochures, reports and accounts, and stationery — the Internet is replacing printed media. For the management of the industry, training is a pressing issue, and will need to be addressed more vigorously in 2008.
Table of Contents - Executive Summary
- 1. Market Definition
- REPORT COVERAGE
- MARKET SECTORS
- Advertising Literature
- Programmes, Tickets, Vouchers and Business Cards
- Printed Packaging
- Books, Brochures, Booklets, Leaflets, and Reports and Accounts
- Periodical and Journals
- Printed Labels
- Business Forms
- Security Printing
- Newspaper Printing
- Bound Stationery
- MARKET TRENDS
- A Tough Market
- Weak Prices Continue
- Screen Printing and Finishing Market in Decline
- Mixed Picture in the Pre-Press Market
- Digital Printing on the Increase
- ECONOMIC TRENDS
- Population
- Table 1: UK Resident Population Estimates by Sex (000), Mid-Years 2002-2006
- Gross Domestic Product
- Table 2: UK Gross Domestic Product at Current and Annual Chain-Linked Prices (£m), 2002-2006
- Inflation
- Table 3: UK Rate of Inflation (%), 2002-2006
- Unemployment
- Table 4: Actual Number of Unemployed Persons in the UK (million), 2002-2006
- MARKET POSITION
- The UK
- 2. Market Size
- The Total Market
- Table 5: Total UK Printers' Sales by Sector by Value at Current Prices (£m at msp), 2003-2007
- Figure 1: Total UK Printers' Sales by Sector by Value at Current Prices (£m at msp), 2003-2007
- By MARKET SECTOR
- Advertising Literature
- Table 6: UK Printers' Sales of Advertising Literature by Value at Current Prices (£m at msp), 2003-2007
- Programmes, Tickets, Vouchers and Business Cards
- Table 7: UK Printers' Sales of Programmes, Tickets, Vouchers and Business Cards by Value at Current Prices (£m at msp), 2003-2007
- Printed Packaging
- Table 8: UK Printers' Sales of Printed Packaging at Current Prices (£m at msp), 2003-2007
- Books, Brochures, Booklets, Leaflets, Reports and Accounts
- Table 9: UK Printers' Sales of Booklets, Leaflets and Reports and Accounts by Value at Current Prices (£m at msp), 2003-2007
- Periodicals and Journals
- Table 10: UK Printers' Sales of Periodicals and Journals by Value at Current Prices (£m at msp), 2003-2007
- Printed Labels
- Table 11: UK Printers' Sales of Labels by Value at Current Prices (£m at msp), 2003-2007
- Business Forms
- Table 12: The UK Printers' Sales of Business Forms by Value at Current Prices (£m at msp), 2003-2007
- Security Printing
- Table 13: UK Printers' Sales of Security Printing by Value at Current Prices (£m at msp), 2003-2007
- Newspaper Printing
- Table 14: UK Printers' Sales of Newspapers by Value at Current Prices (£m at msp), 2003-2007
- Bound Stationery
- Table 15: UK Printers' Sales of Bound Stationery by Value at Current Prices (£m at msp), 2003-2007
- OVERSEAS TRADE
- Table 16: UK Exports and Imports of Printed Matter by Value (£m), 2002-2006
- 3. Industry Background
- INTRODUCTION
- RECENT HISTORY
- Number of Companies
- Table 17: Number of UK VAT-Based Enterprises Engaged in Printing and Service Activities Related to Printing by Turnover Sizeband, 2006 and 2007
- Employment
- Table 18: Number of UK VAT-Based Enterprises Engaged in Printing and Service Activities Related to Printing by Employment Sizeband, 2006 and 2007
- REGIONAL VARIATIONS In the marketplace
- How ROBUST is the market?
- LEGISLATION
- key TRADE ASSOCIATIONS
- British Printing Industries Federation
- The Institute of Paper, Printing and Publishing
- Picon Ltd
- Pira International
- Printing Industry Alliance
- Vision in Print
- 4. Competitor Analysis
- the MARKETPLACE
- Table 19: The Top 25 UK Printing Companies by Turnover (£m), 2006/2007
- MARKET LEADERS
- Amcor Flexibles UK Ltd
- Company Structure
- Current and Future Developments
- Financial Results
- RR Donneley Global Document Solutions
- Company Structure
- Current and Future developments
- Financial Results
- British Polythene Industries PLC
- Company Structure
- Current and Future Developments
- Financial Results
- Chesapeake UK Holdings Ltd
- Company Structure
- Current and Future Developments
- Financial Results
- Communisis PLC
- Company Structure
- Current and Future Developments
- Financial Results
- De La Rue PLC
- Company Structure
- Current and Future Developments
- Financial Results
- Nampak Holdings (UK) PLC
- Structure
- Current and Future Developments
- Financial Results
- The Polestar Corporation PLC
- Structure
- Current and Future Developments
- Financial Results
- St Ives PLC
- Company Structure
- Current and Future Developments
- Financial Results
- Williams Lea Group Ltd
- Company Structure
- Current and Future Developments
- Financial Results
- Marketing activity
- Key Trade Exhibitions
- 5. Strengths, Weaknesses, Opportunities and Threats
- STRENGTHS
- WEAKNESSES
- OPPORTUNITIES
- THREATS
- 6. Buying Behaviour
- CUSTOMER PROFILE
- FACTORS Affecting BUYING BEHAVIOUR
- 7. Current Issues
- MARKET DIFICULTIES
- CORPORATE ACTIVITY
- MORE STRUCTURAL CHANGE
- TRAINING
- 8. The Global Market
- MARKET Size and position
- Table 20: The Global Market for Print and Electronic Media by Value (£bn), 2003-2007
- EUROPE
- 9. Forecasts
- INTRODUCTION
- The Economy
- Table 21: UK Economic Forecasts (000, % and million), 2007-2011
- FORECASTs 2008 to 2012
- Table 22: The Forecast Total UK Printing Market by Value (£bn at msp), 2007-2012
- Market Growth
- Figure 2: Growth in the Total UK Printing Market by Value (£bn at msp), 2007-2012
- Market Trends
- 10. Company Profiles
- Amcor Flexibles Uk Ltd
- British Polythene Industries Plc
- Chesapeake Uk Holdings Ltd
- Communisis Plc
- De La Rue Plc
- Nampak Holdings (uk) Plc
- St Ives Plc
- Williams Lea Group Ltd
- 11. Further Sources
- Associations
- Publications
- Government Publications
- Other Sources
- Bisnode Sources
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