Forecast: Value Added of Printing in Canada

The Canadian printing industry has shown volatility in its value added over the years. In 2023, the industry stood at 4.4506 billion Canadian dollars. The early 2010s saw fluctuating values with a notable decline of 8.46% in 2014 followed by a rebound in 2015 and steady growth in 2016. The industry faced a gradual decline from 2017 to 2019.

The most significant drop occurred in 2020 with a 16.89% decline due to external disruptions likely tied to the pandemic. In recent years, there has been a modest recovery, with a slight increase in 2021 and 2022, and a marginal growth of 0.88% in 2023.

Looking forward, forecasted data suggests a continual decline in the printing industry’s value added, with an average annual decrease of 2.15% over the next five years, leading to a 10.27% total reduction by 2028.

Future trends to watch for:

• Continued digital transformation reducing demand for traditional printing services
• Emergence of sustainable and eco-friendly printing technologies
• Potential market diversifications into new digital solutions and services