Forecast: Value Added of Printing and Related Support Activities in Canada

The value added of Printing and Related Support Activities in Canada has faced fluctuations over the past decade. After peaking at $5.3815 billion in 2016, the sector experienced a notable decline, particularly in 2020 with a drop of 16.61%, likely due to the COVID-19 pandemic. While there was some recovery in 2021 and 2022, with year-on-year increases of 8.44% and 3.45% respectively, the value only moderately improved in 2023 to $4.9318 billion. The five-year CAGR from 2019 to 2023 was -1.45%.

Future trends indicate a continued decline, with the value expected to decrease to $4.4679 billion by 2028. The forecasted five-year CAGR for the period 2024-2028 is -1.58%, signaling an average annual reduction, and an overall drop of 7.63% over these years.

Future trends to watch for:

• The impact of digital transformation and technological advancements on traditional printing activities.
• Increasing adoption of sustainable printing practices and materials.
• The influence of e-commerce and digital media consumption on demand for printed products.