IDC’s latest Market Note on the imaging and printing market discusses the July and August 2022 news. The article discusses such news as Gannett reviewing print frequency for nearly all of its 200 dailies and USA Today replacing its Saturday editions with e-editions. Also discussed in the article is the cost of newsprint. For a full description of this IDC Market Note, please contact IDC.
IDC Market Note discusses news that occurred in the imaging and printing market in July 2022
The IDC Market Note for July 2022 reviews important news that affected the imaging and printing market. For this month’s report, IDC has included news relating to DX adoption around the world, as well as the latest trends in the industry. The IDC forecasts that DX adoption will reach $1.8 trillion by the end of this year. This is an impressive figure, and the adoption of DX is continuing to accelerate around the globe.
The market for inkjet printers has suffered a contraction in Q2 due to the outbreak of covid-19, which weakened the overall performance of the inkjet printer industry. While IDC expects a rebound in the consumer market, the outlook for the industry remains gloomy due to the outbreak of covid-19. Major ink tank printer manufacturers were also impacted by the outbreak of covid-19, which affected their overall performance in Q2.
Gannett is reviewing print frequency of almost all of its more than 200 dailies
The national newspaper chain Gannett plans to transition many of its newspapers from seven to six days per week in August 2022, and that includes USA Today and 493 other publications. This move reflects a shift in the way people consume newspapers, with younger people increasingly ignoring print editions in favor of digital access. While Gannett has not yet determined the frequency at which its newspapers will publish, it does expect the transition to happen faster in some markets than others.
For decades, newspaper industry sages have predicted the demise of the traditional printed newspaper. Local publishers are reducing print editions, citing rising costs and arguing that consumers prefer online news to print. Gannett’s Amalie Nash, senior vice president of local news, said that print publications are facing “particular pressures” including rising costs of print and inflation. AIM Media Management is also converting its Odessa American to an e-newspaper with only two print editions a week.
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Cost of newsprint
With the world facing a shortage of paper, it is no surprise that newsprint prices are on the rise. Since the beginning of December 2020, newsprint prices have been on the rise. The average price per tonne has risen from USD 450 in January to USD 700 and above in August 2022. For most publishers, newsprint represents between 50 and 60 percent of the cost of producing a newspaper. But the shortage of newsprint is a complex problem, and it’s not the only factor.
Rising gas prices have increased the price of newsprint. Last month, the price of newsprint in the UK soared from 360 pounds per tonne to around $426. But the increase is not limited to the UK. Prices in continental Europe have increased about the same amount. Some paper suppliers are sticking with six-month contracts to offset rising costs. However, despite these increases, the cost of newsprint in August 2022 could be higher.
Layoffs
An IDC Market Note released in July outlines the latest news in the imaging and printing industries. You can request a copy of the full report. The market research process is detailed in the report. During its development, IDC consulted with experts in the industry to identify trends and predict future market conditions. It also examines the role of the printing industry in the development of new technologies. Among the topics covered are wide-format printers, outdoor advertising, and management.https://www.youtube.com/embed/tSDkff8CmN8
