Forecast: Turnover in Printing by Size Class in South Korea

The turnover in the printing sector in South Korea saw notable fluctuations from 2014 to 2023. Despite a sharp increase in 2015, turnover significantly declined by 57.71% in 2016. From 2017 onward, values largely stabilized with minor year-on-year fluctuations. Turnover for 2023 stood at 3.0146 trillion South Korean Wons, showing a slight decline of 1.33% from the previous year. The Compound Annual Growth Rate (CAGR) over the last five years averaged -0.8%, indicating a slow downward trend.

Future projections from 2024 to 2028 suggest a continuous decline, with a forecasted CAGR of -1.16%. By 2028, the turnover is expected to decrease by 5.66% compared to 2023 levels.

Key future trends to watch for include:

• The impact of digital transformation on traditional printing industries.
• Potential shifts in market demand due to environmental sustainability efforts.
• Technological advancements in printing solutions and their adoption rates.