Print Industry Maintains Growth Trajectory: Digitalization and Sustainability Take Center Stage at drupa 2024
Düsseldorf, Germany (May 23, 2024): Despite recent challenges, the global print industry remains on a positive growth path. Market analysts project an annual average growth rate exceeding 2.1% over the next five years, fueled primarily by the labels and packaging segments. This optimistic outlook is reflected at drupa 2024, the world's leading trade fair for printing technologies, convening from May 28th to June 7th, 2024.
Global Growth Fueled by Innovation and Adaptability
According to Thomas Schiemann, Managing Director of the VDMA's Print and Paper Technology Association, "Our industry is demonstrably growing and has a bright future." This confidence stems from a strong past performance with global sales exceeding €837 billion in the last fiscal year. Growth is expected to be particularly robust in the labels and packaging sectors, reflecting the evolving needs of modern businesses.