print growth will be dragged down by publishing printing, which will contract at an annual rate of 2%; and,marketing & commercial printing will grow at a moderate pace of 0.7%.

The outlook for publishing printing will remain challenging over the next five years with the rise of digital media and decline in printed advertising sales continuing to create a difficult environment. As of 2017, the top five publishing printing markets in the world are China, U.S., Japan, UK and France, which together account for over 71% of the global market. With exchange rates expected to level out in the coming years, the growth in marketing & commercial printing revenues will rebound in 2017–21.