The Magazine and Periodical Printing (Gravure) turnover in the US is projected to decline from $360.08 million in 2024 to $339.37 million in 2028. This represents a steady year-on-year decrease, with the turnover shrinking by approximately 1.5% annually. In the context of 2023 actual data, the turnover was slightly higher, demonstrating a persistent downturn in the industry. The compound annual growth rate (CAGR) for the period from 2024 to 2028 indicates a negative growth trend, confirming the challenges faced by the industry.
Future trends to watch for include:
- The impact of digital media growth on traditional print media demand.
- Technological advancements that could enhance gravure printing efficiency and appeal.
- Environmental regulations and sustainability trends influencing production processes and material usage.
- Consumer preference shifts towards digital content and how print adapts to remain relevant.
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