The turnover for label, wrapper, and advertising printing using letterpress in the US is projected to decline from 2024 to 2028. The turnover was recorded as 165.0 million USD in 2023. This shows a negative year-on-year trend with a consistent decrease each year. The turnover is expected to decline by approximately 3.87% annually, showing signs of a long-term reduction in demand or a shift to alternative technologies. The five-year Compound Annual Growth Rate (CAGR) indicates a continued downward trend.
Future trends to watch for:
- Increasing adoption of digital printing methods impacting letterpress demand
- Environmental regulations pushing for more sustainable printing practices
- Shifts in advertising spend towards digital media
- Potential rise in custom and short-run printing needs
